Resale Net Profit definition

Resale Net Profit means all cash proceeds received by Buyer from a Resale after the Closing Date, less:
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Resale Net Profit shall have the meaning set forth in Section 9.5.
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Examples of Resale Net Profit in a sentence

  • If Buyer sells all or any portion of a Resale Property (other than the sale of developed lots to third party users in any of Phase I, Phase II or Phase III), Buyer or Monaco shall pay to ORA upon the close of escrow of such Resale (or if there is no escrow, upon recordation of the deed) (a “Resale Closing Date”) an amount equal to 20% of the Resale Net Profit.

  • If a Resale Net Profit calculation set forth in Section 9.5(a) above yields a negative number, then (i) ORA shall receive no payments with respect to the Resale and, (ii) to the extent that such calculation yields a negative amount, such negative amount shall be reflected in the Net Profit Calculation of the next Sale as a Carryover Loss.

  • If a Resale Net Profit calculation set forth in Section 9.4(a) above yields a negative number, then (i) ORA shall receive no payments with respect to the Resale and, (ii) to the extent that such calculation yields a negative amount, such negative amount shall be reflected in the Net Profit Calculation of the next Sale as a Carryover Loss.