Interim Profit definition

Interim Profit means any amounts actually received by Seller that constitute net after Tax profit, determined in accordance with GAAP, attributable to sales of Products between
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Interim Profit means any amounts actually received by Seller that constitute net after Tax profit, determined in accordance with GAAP, attributable to sales of Products between July 5, 2011 and the Closing, excluding any such profit attributable to the first $2,000,000 in Carrying Value of inventory relating to the Business sold by Seller on or after July 5, 2011 and prior to the Closing. For the avoidance of doubt, Interim Profit shall not include any amounts attributable to customer pre-payments or deposits in respect of contractual service obligations of Seller to customers of AVIAT WiMAX.
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Examples of Interim Profit in a sentence

  • Subject to the Advance Commission Limit, the Company shall pay Representative twenty percent (20%) of such Estimated Interim Profit within five (5) days following such submission by Representative.

  • At the time Commissions are paid as contemplated by the first sentence of this Section 7(b), any advances to Representative based on such Estimated Interim Profit shall be reconciled and the amount of Commissions payable adjusted to reflect the prior payment of advances on such Estimated Interim Profit.

  • Any such review relating to the calculation of Interim Profit or relating to any amount due under Section 5.10(b) shall be completed within 45 days after the Closing, and each of the Parties shall cooperate with the other in connection therewith.

  • Commissions advanced on uncollected sales (including, without limitation, amounts advanced with respect to the Estimated Interim Profit) shall not at any time, in the aggregate, exceed Two Hundred Thousand Dollars ($200,000.00) (the “Advance Commission Limit”) and the Company shall not be obligated to advance Representative unearned Commissions in excess of the Advance Commission Limit notwithstanding anything to the contrary contained herein.

Related to Interim 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:

  • 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.

  • 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.

  • Non-profit making companies means companies set up under the Companies Act, 1956/Companies Act 2013.