Minimum Profit. definition

Minimum Profit.. The term “Minimum Profit” shall mean, (a) for Fiscal Year 2022, $8,000,000, multiplied by a fraction equal to (i) the number of days in Fiscal Year 2022 from the Commencement Date through January 1, 2023, divided by (ii) 365, which amount shall be reduced by (iii) to the extent recorded as an expense during the applicable Fiscal Year, the amount of all deferred revenue payments made or accrued to HFE and the aggregate amount of Transition Cost (including any deferred revenue) (adjustments set forth in the foregoing clause (iii) are collectively referred hereafter as the “Transition Adjustment”); (b) for Fiscal Year 2023, $8,000,000, reduced by the Transition Adjustment recorded as an expense during the portion of Fiscal Year 2023 beginning on January 2, 2023 and ending on the day before the anniversary of the Commencement Date; and (c) for each succeeding Fiscal Year thereafter, the Minimum Profit amount for the immediately preceding Fiscal Year, plus any Transition Adjustment recorded as an expense in the immediately preceding Fiscal Year, increased by the percentage increase in the CPI over the course of the immediately preceding Fiscal Year, provided that in no event shall such percentage exceed ten percent (10%) for any Fiscal Year.
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Examples of Minimum Profit. in a sentence

  • For the avoidance of doubt, a 0% attainment level shall be applied to a Performance Measurement Period if the Minimum Profit Margin with respect to the corresponding Performance Measurement Period has not been attained.

  • The Performance Parameters are based on the attainment of the Operating Profit Goals established for each of the Performance Measurement Periods and the Minimum Profit Margin for each of the Performance Measurement Periods.

  • We will invest the Investment Amount in transactions expected to generate for you a Muwakkil Minimum Profit of [ ]% per annum.

  • XDLong HK achieved the Minimum Profit Growth Rate on December 31, 2007 and RichWise is required under the supplementary subscription and shareholders’ agreement to pay XDLong Investment HK$32.0 million.

  • Maintain on a Monthly 1.50:1.00 _______:1.00 Yes No Basis: Minimum Quick Ratio1 Minimum 6/30/98 Net Sales $1,500,000 $__________ Yes No Minimum Profit $2 ___________ Yes No (Quarterly) Minimum TNW $5,000,000 $__________ Yes No 2 Pre-Equity Event monthly loss <$1,000,000; post-Equity Event quarterly loss <$3,000,000 Comments Regarding Exceptions: See Attached.

  • If any Maximum Profit Rate or Minimum Profit Rate is specified in the applicable Final Terms, then the Profit Rate shall in no event be greater than the maximum or be less than the minimum so specified.

  • The Minimum Profit Split for the period January 1st 2020 to December 31st 2022 shall be € 25,000, and thereafter € 250,000.

  • Should Eagle fail to make the Minimum Profit Share Payments for [***], AOP shall have the right to convert the licenses granted to Eagle hereunder into non-exclusive licenses.

  • Minimum Profit Sharing per the online Profit Sharing page, which may need to be modified from time to time by vote the majority of the full Team with Management carrying twice the weight of the other Members.

  • Within ninety (90) days following the close of the last Residential Lot to a member of the homebuying public within the last Phase purchased by Buyer within any Unit, Buyer shall pay an additional purchase price ("Additional Purchase Price") to Seller in an amount equal to one-half (1/2) of the amount by which Buyer's Net Profits from such Unit exceed Buyer's Minimum Profit with respect to such Unit.