Net Profits Amount definition

Net Profits Amount means thirty-five percent (35%) of all Net Profits.
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Net Profits Amount means the aggregate amount due at the Closing under the Net Profits Agreements, as specified in the Net Profits Certificate.
Sample 1

Examples of Net Profits Amount in a sentence

  • In no event may any of the Borrower Parties amend or modify or take other action pursuant to the Organizational Documents of any of the Borrower Parties that would adversely affect Xxxxxx’x rights to the Net Profits Amount and the Organizational Documents of the Borrower Parties shall prohibit the taking of any such action and the Borrower Parties shall comply with such provisions of the Organizational Documents.

  • Xxxxxx’x rights pursuant to this Agreement shall survive the repayment of the Loan, until all of the Property is sold to a Person that is not an Affiliate of Borrower and payment in full is made to Xxxxxx of the full Net Profits Amount or Borrower purchases Xxxxxx’x interest pursuant to Section 7.6, at which time this Agreement will terminate and be of no further force or effect.

  • By entering into this Agreement and/or by accepting the Net Profits Amount, Xxxxxx does not become a member, partner, joint venturer or owner of or with Borrower, and in no event shall Xxxxxx become a member, a partner, joint venturer or owner of or with Borrower or be or become liable for any of the debts, obligations, or liabilities of Borrower as a result of the acceptance of the Net Profits Amount.

  • In all cases, Xxxxxx must receive the Net Profits Amount with respect to any Capital Transactions prior to the distribution of any Net Profits with respect to any Capital Transactions to the members of Borrower.

  • Raters in Szeged took part in a rater training session conducted by the researcher of the present study, who had taken part in the assessment of similar surveys earlier (Csapó, 2002).

  • Simultaneously with any distributions to the members of Borrower, the Special Member shall receive the Net Profits Amount in full in cash as the result of a Capital Transaction.

  • If any portion of the Net Profits Amount is not timely paid to Xxxxxx, any such amounts shall bear interest at the Default Rate.

  • In no event shall Xxxxxx have any obligation to make any contributions to Borrower in exchange for Xxxxxx’x rights with respect to the Net Profits Amount.

  • Notwithstanding the foregoing, after the Net Profits Amount with respect to any Capital Transaction then due to Xxxxxx has been paid, Borrower may distribute any remaining Net Profits with respect to such Capital Transaction to its members, subject to the terms and conditions of the Loan Documents.

  • Xxxxxx’x rights with respect to the Net Profits Amount are fully earned upon execution and delivery of the Loan Agreement and are not conditioned on any act or occurrence whatsoever.

Related to Net Profits Amount

  • Surplus Amount means [***].

  • Net Profits Interest means an interest in a Producing Property which entitles the holder thereof to a share of the gross revenues from oil and gas production from the Producing Property less all operating, production, development, transportation, transmission and marketing expenses, severance, sales, ad valorem and excise taxes (including the windfall profit tax) attributable to such production.

  • Tax Distribution Date has the meaning set forth in Section 4.01(b)(i).

  • Profits and Losses means, for each Fiscal Year or other period, an amount equal to the Company's taxable income or loss for such year or period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss, or deduction required to be stated separately pursuant to Code Section 703(a)(l) shall be included in taxable income or loss), with the following adjustments:

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Total Distribution Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Interest Remittance Amounts for such date; (ii) the aggregate of the Principal Remittance Amounts for such date; and (iii) all Prepayment Premiums collected during the related Prepayment Period.

  • Tax Distribution has the meaning set forth in Section 4.4.

  • Unit Value means, at any time, the value of each Stock Unit, which value shall be equal to the Fair Market Value (as defined in the Plan) of a Share on such date.

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Net Profit means such profit as is calculated in accordance with paragraph 61;

  • Capital Account Distribution Date and "Income Account Distribution Date" shall mean the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • 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.

  • Partially Adjusted Capital Account means, with respect to any Member for any taxable year or other period of the Company, the Capital Account balance of such Member at the beginning of such year or period, adjusted for all contributions and distributions made or deemed made to or by such Member during such year or period and all special allocations to such Member pursuant to Section 6.2 with respect to such year or period, but before giving effect to any allocations of Net Profit or Net Loss to such Member pursuant to Section 6.1 with respect to such year or period.

  • True-Up Amount means the difference between the ABO calculated by using the member’s actual creditable service and the actual final average compensation as of the member’s effective date in the FRS Investment Plan and the ABO initially transferred.

  • Net Profits and “Net Losses” for any Fiscal Year or other period shall mean, respectively, an amount equal to the Company’s taxable income or loss for such Fiscal Year or other period as determined for federal income tax purposes by the Managing Member, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Cash Amount means an amount of cash equal to the Value on the Valuation Date of the Shares Amount.

  • Remaining Net Positive Adjustments means as of the end of any taxable period, (i) with respect to the Unitholders holding Common Units or Subordinated Units, the excess of (a) the Net Positive Adjustments of the Unitholders holding Common Units or Subordinated Units as of the end of such period over (b) the sum of those Partners’ Share of Additional Book Basis Derivative Items for each prior taxable period, (ii) with respect to the General Partner (as holder of the General Partner Units), the excess of (a) the Net Positive Adjustments of the General Partner as of the end of such period over (b) the sum of the General Partner’s Share of Additional Book Basis Derivative Items with respect to the General Partner Units for each prior taxable period, and (iii) with respect to the holders of Incentive Distribution Rights, the excess of (a) the Net Positive Adjustments of the holders of Incentive Distribution Rights as of the end of such period over (b) the sum of the Share of Additional Book Basis Derivative Items of the holders of the Incentive Distribution Rights for each prior taxable period.

  • Semi-Annual Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions--Semi-Annual Distributions" in the Prospectus Part I for a Trust.

  • Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Distribution Ratio shall have the meaning set forth in the Separation and Distribution Agreement.