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.