Profit Participation Payments definition

Profit Participation Payments has the meaning given to it in Article 4.3 (Profit Participation).
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Profit Participation Payments means, for any fiscal year, for each office of the Borrower, HFF Securities and any other future Subsidiary of the Borrower, pursuant to the Profit Participation Bonus Plans (a) for each office that elects to have its profit participation arrangement calculated on the financial results of the entire office, payments made pursuant to the profit participation arrangement in effect as of the date hereof with the Borrower, HFF Securities and any other future Subsidiary of the Borrower, such payments not to exceed 15% of that office’s consolidated net income (which, for purposes of this definition, shall be the net operating income of such office taking into account allocations of overhead expenses and adjusted for depreciation and amortization, all as determined in accordance with GAAP) after all interest payments on the Loans, and (b) for each office that elects to have its profit participation arrangement calculated on the financial results of each line of business (e.g. investment sales, financing transactions, broker-dealer transactions, etc.) in such office, such lines of business to consist of separately identifiable groups of employees primarily located within such office and to be separately accounted for, payments made pursuant to the profit participation arrangement in effect as of the date hereof with the Borrower, HFF Securities and any other future Subsidiary of the Borrower, such payments not to exceed 15% of each such line of business’ consolidated net income, determined and adjusted as described above with respect to such line of business, after all interest payments on the Loans.
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Profit Participation Payments means, collectively, the Coronation Profit Participation, the MP Profit Participation, the Silverthorn Profit Participation and the TB Profit Participation and “Profit Participation Payment” means payment in respect of any one of them;
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Examples of Profit Participation Payments in a sentence

  • This also includes, for the avoidance of doubt, any Profit Participation Payments pursuant to the Finance Contract.

  • Each date on which Profit Participation Payments fall due under the Participation Agreement is a Profit Participation Due Date.

  • These could result in serious losses either because no Profit Participation Payments accrue or because no Repayment Amount may be paid or it may be reduced or because the sale of the Capital Notes is possible only at a lower price.

  • Pursuant to § 3(3) of the Participation Agreement, Profit Participation Payments (as defined in the Participation Agreement) may be fully or partly excluded (each an Excluded Profit Participation).

  • A copy of the terms and condi- tions of the Securities is attached to this Agreement as Annex II.(F) When Profit Participation Payments are made to the Borrower, the Bank must withhold German investment income tax levied in accordance with § 43 German In- come Tax Act plus the “solidarity surcharge” (each a Withholding) on the distributed amounts, unless the tax authorities have granted an exemption for payments to the Borrower.

  • To the extent that the amounts effectively paid by the Bank as the Repayment Amount and Profit Participation Payments and by the Lender as Advances are not sufficient to pay the nominal amount of the Capital Notes and interest falling due on the Repayment Date, the Redemption Payment shall be reduced accordingly.

  • The due date for Profit Participation Payments under the Participation Agreement (or, as the case may be, payments under the Contingent Indemnity Agreement) is 30 June of each year, commencing 30 June 2007.

  • Contingent Indemnity Agreement means the agreement dated 17 July 2006 between Allianz AG and the Silent Part- ner pursuant to which Allianz AG undertakes, inter alia, un- der certain circumstances to indemnify the Silent Partner in respect of excluded Profit Participation Payments.

  • To the extent such Profit Participation Payments are attributable to the Issuer as taxable profit under German tax laws, such withholdings will be counted as a prepayment towards the German income tax owed by the Issuer.

  • To the extent that the amounts effectively paid by the Bank as the Repayment Amount and Profit Participation Payments and by the Lender as Advances are not sufficient to pay the nominal amount of the Capital Securities and interest falling due on the Repayment Date, the Redemption Payment shall be reduced accordingly.


More Definitions of Profit Participation Payments

Profit Participation Payments. [Profit Participation Payments] To make the Tranche available subject to the terms and conditions of the Finance Contract, the Bank must receive a Disbursement Acceptance in the form of a copy of this Disbursement Offer duly signed on your behalf, to the following electronic mail [mail] no later than the Disbursement Acceptance Deadline of [time], Luxembourg time, on [date]. The Disbursement Acceptance below must be signed by an Authorised Signatory and must be fully completed as indicated, to include the details of the Disbursement Account. If not duly accepted by the above stated time, the offer contained in this document shall be deemed to have been refused and shall automatically lapse. If you do accept the Tranche as described in this Disbursement Offer, all the related terms and conditions of the Finance Contract shall apply, in particular, the provisions of Article 2.5 (Conditions of Disbursement). Yours faithfully, EUROPEAN INVESTMENT BANK European Investment Bank / F Page 39/58 [On letterhead of the Borrower] We hereby accept the above Disbursement Offer for and on behalf of the Borrower: __________________________________________ Date: Account to be credited: Account N°: Account Holder/Beneficiary: (please, provide IBAN format if the country is included in IBAN Registry published by SWIFT, otherwise an appropriate format in line with the local banking practice should be provided) Bank name, identification code (BIC) and address: Payment details to be provided: Please transmit information relevant to: Name(s) of the Borrower’s Authorised Signatory(ies): Signature(s) of the Borrower’s Authorised Signatory(ies): IMPORTANT NOTICE TO THE BORROWER: BY COUNTERSIGNING ABOVE YOU CONFIRM THAT THE LIST OF AUTHORISED SIGNATORIES AND ACCOUNTS PROVIDED TO THE BANK WAS DULY UPDATED PRIOR TO THE PRESENTATION OF THE ABOVE DISBURSEMENT OFFER BY THE BANK. IN THE EVENT THAT ANY SIGNATORIES OR ACCOUNTS APPEARING IN THIS DISBURSEMENT ACCEPTANCE ARE NOT INCLUDED IN THE LATEST LIST OF AUTHORISED SIGNATORIES AND ACCOUNTS RECEIVED BY THE BANK, THE ABOVE DISBURSEMENT OFFER SHALL BE DEEMED AS NOT HAVING BEEN MADE. European Investment Bank / F Page 40/58 Schedule D Form of Drawdown Certificate To: European Investment Bank From: Pluristem GmbH Date: Subject: Finance Contract between European Investment Bank and Pluristem GmbH dated 29 April 2020 (the “Finance Contract”) Contract Numbers (FI No) 92335 91870 Serapis Number 2019-0880 Dear Sirs, Terms defined in the Finance Contr...
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Related to Profit Participation Payments

  • Other Income Benefits means any benefits listed in the Other Income Benefits provision that you receive on your own behalf or for your dependents, or which your dependents receive because of your entitlement to Other Income Benefits.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Payments in lieu of contributions means the money payments to

  • Production Payments and Reserve Sales means the grant or transfer by the Company or any of its Restricted Subsidiaries to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or any of its Restricted Subsidiaries.

  • Employer Contributions means all amounts paid into ASRS by an

  • Bonus Payments means that portion of the bonus payments received by the

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Termination Payments means any payment or distribution of Compensation or benefits made pursuant to Section 4.1(a)-(c) of this Agreement.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Unit Participation means the ratio of the surface acreage of a specific tract in the unit area to the total surface acreage of the unit area as that total surface acreage is specified in paragraph one of the Plan for Unit Operations of this order.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.