Expected Profit definition
Examples of Expected Profit in a sentence
The Parties agree to review the Expected Profit Rate from time to time.
The License Fee and the Service Fee will be calculated such that after it is paid, Momo Chengdu’s operating profit rate will not be lower than the Expected Profit Rate (“Service Fee”).
If Momo Chengdu is unable to achieve the Expected Profit Rate due to Momo Info.’s failure in providing the high quality services, Momo Info.
If Momo Chengdu achieves a level of operating profit above the Expected Profit Rate, the excess profit will be paid to Momo Info.
By placing or leaving the funds in the Account after such declaration, the customer will be confirming his acceptance that the funds will be invested subject to the declared Expected Profit Rate on the website.
If the Bank believes that the Expected Profit Rate might no longer be achievable the customer will be informed and may offer a revised (lower) expected profit rate.
In such a case, the customer will have the option to either accept the revised Expected Profit Rate, or transfer the funds to his Islamic Current Account or any other account of his choice, or requesting termination of the account in which case the customer will be entitled to recover any funds he has deposited in the account in full and any profit due up to Termination date.
However, such Expected Profit Rate is indicative only and the profit amount the customer will receive will be based on the actual performance of the investment activities.
We will notify you if, based on the performance of the investments, we expect the Profit due on any future Profit Payment Date to be lower than the Expected Profit previously notified to you.
If you do not notify us of your decision to close your Account before the change takes effect then you will be deemed to have accepted the change to the Expected Profit Rate.