Net Distributable Profits definition

Net Distributable Profits for any period means Seller’s Net Sales of the Products (limited to the Inventory or the Products delivered pursuant to a Pending Purchase Order) during such period less [***].
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Net Distributable Profits for any period means [***]. Notwithstanding the foregoing, it is understood that Net Distributable Profits for a particular period may be adjusted in the future (but not to less than zero) for any quarterly period in connection with adjustments to the accrual amounts for such period as actual amounts and/or more definite information becomes known in accordance with Section 3.4.
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Net Distributable Profits means the accumulated, realised net profits less the accumulated, realised net losses of the Company calculated as of the end of the Fiscal year in question calculated in accordance with US generally accepted accounting principles,
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Examples of Net Distributable Profits in a sentence

  • Upon termination or expiration of the Transition Period, (i) Seller will cease all distribution activities relating to the Products, (ii) [***], (iii) Buyer shall pay to Seller the purchase price for any Products that are the subject of a Pending Purchase Order and that have not yet been delivered, and (iv) Seller shall pay to Buyer any Net Distributable Profits through the termination or expiration of the Transition Period.

  • For all times that there is *** *** (***) *** selling a generic version of the Branded Product to a wholesaler, distributor or directly to a consumer in the Territory, Distributor shall pay Manufacturer *** *** (***) of Net Distributable Profits.

  • If the date of such first sale occurs on or prior to the *** day of the month, the adjustment to the percentage of Net Distributable Profits shall become effective on the *** day of the month in which the launch occurs.

  • For all times that there are more than *** (***) *** selling a generic version of the Branded Product to a wholesaler, distributor or directly to a consumer in the Territory, Distributor shall pay Manufacturer *** *** (***) of Net Distributable Profits.

  • The purchase price paid by Distributor for Products shall equal the Supply Price payable under Section 3.1 plus the percentage of Net Distributable Profits payable under Section 3.2. Distributor shall use commercially reasonable efforts to distribute, promote and expand the sale of the Products as generic products in the Territory.

  • For all times that there are only *** (***) *** selling a generic version of the Branded Product to a wholesaler, distributor or directly to a consumer in the Territory, Distributor shall pay Manufacturer *** *** (***) of Net Distributable Profits.

  • Within 30 days after the end of each month, Buyer will deliver to Seller a report of its Net Sales and Net Distributable Profits from the sale of Products during such calendar month and the remaining Closing Date Inventory Amount and will pay to Buyer all Net Distributable Profits once the aggregate amount of Net Distributable Profits exceeds the Closing Date Inventory Amount.

  • Risk of loss and title shall pass to Distributor once the Products are ***on the ***of ***, notwithstanding Distributor’s obligation to pay to Manufacturer a portion of Net Distributable Profits.

  • For convenience, if any amount due from Buyer to Seller under this Section 5.3(e) remains unpaid after the date such payment is due, Seller shall have the right to offset such amounts from the payment of Net Distributable Profits to Buyer.

  • Any returns of the Product sold after the Closing Date in the Territory, whether returned to Buyer or Seller, shall be for the account of Buyer, and shall be credited against the calculation of Net Sales and Net Distributable Profits.


More Definitions of Net Distributable Profits

Net Distributable Profits for any period means [***]. Notwithstanding the foregoing, it is understood that Net
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Net Distributable Profits means total revenue MINUS:
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Net Distributable Profits shall be defined as follows: The amount by which all sales, receipts, and revenues of the Enterprise gaming operation (as defined in 25 CFR Section 502.10) exceeds reasonable, necessary and actual operating expenses. For purposes of computing "Net Distributable Profits," operating expenses to be deducted from gross revenues shall include repayment of interest on the Credit Facility, taxes and fees pursuant to the Compact, tribal gaming commission fees and expenses, cost of goods sold, prizes and other gaming wins paid out, employee and Key Employee salaries, wages and benefits, payroll and other taxes or governmental levies, permit and license fees, advertising, promotion, fees and expenses of third-party contractors and agents, including but not limited to various training, marketing and operations consultants, bus and other transportation and coordinator costs and repairs, equipment leases, uniforms, office expense, printing, supplies, utilities, rent, insurance of all types, uninsured legal judgments and settlements, maintenance, and Enterprise legal and accounting expenses. Subject to the above, Net Distributable Profits shall be computed in conformance with generally accepted accounting principles consistently applied.
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Net Distributable Profits for a quarter means Distributor’s Net Sales of all Products in the Territory for such quarter minus the sum of (a) the Supply Price for such Products (as incurred or calculated for the applicable quarter), (b) the Allowance for Distribution and Marketing for such Net Sales, and (c) all actual and reasonable costs incurred by Distributor associated with the *** and *** of Products to Distributor, including the cost of ***, ***, ***, ***, and ***, provided that except as provided in Section 3.2(c), in no event shall Net Distributable Profits be less than ***for any quarterly period; for the sake of clarity, in the event that the calculation of Net Distributable Profits yields a number less than $***, in no circumstances shall Manufacturer owe a refund, credit, reimbursement or any other compensation to Distributor, except as provided in Section 3.2(c). CONFIDENTIAL TREATMENT HAS BEEN REQUESTED AS TO CERTAIN PORTIONS OF THIS DOCUMENT. EACH SUCH PORTION, WHICH HAS BEEN OMITTED HEREIN AND REPLACED WITH AN ASTERISK ***, HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
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Net Distributable Profits means for a given Product during a period, [**].
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Net Distributable Profits for a quarter means Distributor’s Net Sales of all Products in the Territory for such quarter minus the sum of (a) the Supply Price for such Products (as incurred or calculated for the applicable quarter), (b) the Allowance for Distribution and Marketing for such Net Sales, and (c) all actual and reasonable costs incurred by Distributor associated with the *** and *** of Products to Distributor, including the cost of ***, ***, ***, ***, and ***, provided that except as provided in Section 3.2(c), in no event shall Net Distributable Profits be less than ***for any quarterly period; for the sake of clarity, in the event that the calculation of Net Distributable Profits yields a number less than $***, in no circumstances shall Manufacturer owe a refund, credit, reimbursement or any other compensation to Distributor, except as provided in Section 3.2(c).
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Related to Net Distributable Profits

  • Distributable Profits means, in respect of any Interest Payment Date, the aggregate of (i) net profits carried forward and (ii) freely available reserves (other than reserves for own shares), in each case, less any amounts that must be contributed to legal reserves under applicable law, all as appearing in the Relevant Accounts.

  • Distributable Cash Flow means the cash flow available for distribution to Shareholders as dividends as described under “Dividends”;

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Interest Distributable Amount With respect to any Distribution Date and each Class of Certificates (other than the Class C, Class P and Class R Certificates), the sum of (i) the Monthly Interest Distributable Amount for that Class and (ii) the Unpaid Interest Shortfall Amount for that Class.

  • Class X Distributable Amount With respect to any Distribution Date, the amount of interest that has accrued on the Class X Notional Balance, as described in the Preliminary Statement, but that has not been distributed prior to such date. In addition, such amount shall include the initial Overcollateralization Amount of $10,346,197.30 ($10,346,297.30 less $100 of such amount allocated to the Class P Certificates) to the extent such amount has not been distributed on an earlier Distribution Date as part of the Overcollateralization Reduction Amount.