Additional Profit definition

Additional Profit means in respect of any deferment and/or delay of payment of any Investment Capital amount, additional profits of up to an amount not exceeding 1% per annum above the prevailing Expected Profit Rate calculated on the total Investment Capital in arrears from the date of such deferment/delay until the date of full payment of such deferred/delayed Investment Capital which Bond Holders are entitled to receive in accordance with Condition 4.2(d), calculated by the Facility Agent and approved by the Trustee. The Additional Profit shall at all times be subject to the availability of Profits and the Bond Holders’ entitlement under the Profit Sharing Ratio;
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Examples of Additional Profit in a sentence

  • Additional Profit Members shall be admitted to the Company only with the written consent of, and on the terms approved by, the Managing Member and a Majority in Interest of the Profit Members.

  • Additional Profit Units may be issued as determined by the Manager and shall be issued pursuant to a Unit Award Agreement.

  • The Statement will contain aggregated information for the Year in the same format as required in the Value of Production, Pricing Statement, and Royalty payable statement Cost Recovery Statement and Statement of Expenditures and Receipts and Additional Profit Tax Statement but will be based on the actual quantities of Petroleum produced and the costs and expenses incurred.

  • For the purposes of paragraph 1 of this Article, the term "tax paid", in the case of Cambodia, does not include Additional Profit Tax on Dividend Distribution payable in respect of income to which the provisions of paragraph 2 of this Article applies.

  • Additional Profit Sharing Forms will be distributed to all qualifying members.

  • Nothing contained herein or elsewhere in the Bonds or the Trust Deed is intended to or shall impair, as between the Issuer and the Bond Holders, the obligations of the Issuer, which is absolute and unconditional, to pay the Bond Holders the Investment Capital, Profit Payments, Arrears of Profit (if any), Additional Profit (if any) on the Bonds as and when the same shall become due payable in accordance with the terms.

  • For the purposes of paragraph 2(a) of this Article, the term “tax paid in Cambodia” does not include Additional Profit Tax on Dividend Distribution payable in respect of income to which the provisions of paragraph 2(b) of this Article applies.

  • Any Additional Profit of the CONTRACTOR will be shared with the AUTHORITY in accordance with the provisions of Part 6 of Schedule 12.

Related to Additional Profit

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Non-Profit means a qualified non-profit entity as defined in Section 42(h)(5)(C), subsection 501(c)(3) or 501(c)(4) of the IRC and organized under Chapter 617, F.S., if a Florida Corporation, or organized under similar state law if organized in a jurisdiction other than Florida, to provide housing and other services on a not-for-profit basis, which owns at least 51 percent of the ownership interest in the Development held by the general partner or managing member entity, which shall receive at least 25 percent of the Developer fee, and which entity is acceptable to federal and state agencies and financial institutions as a Sponsor for affordable housing, as further described in Rule 67-48.0075, F.A.C.