Undistributed Profits definition

Undistributed Profits means the excess, if any, of (i) cumulative Profits through the date of distribution over (ii) the sum of (a) cumulative Losses through the date of distribution and (b) distributions previously made pursuant to Section 4.1.2(a).
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Undistributed Profits means, with respect to any Member, any profits allocated to such Member under Section 9.1 less any distributions of such profits to such Member under Section 8.4(a)(i).
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Undistributed Profits. Section 6.3(c)
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Examples of Undistributed Profits in a sentence

  • For the avoidance of doubt, the aggregate amount distributed under this Section 11.2(d)(iv) with respect to Limited Partners’ interests in the Grossed-Up Pre-IPO Profits shall not exceed the aggregate amount of Pre-IPO Accrued and Undistributed Profits.

  • Parent or the Surviving Corporation shall notify the Shareholders in writing of its good faith determination of the Actual Undistributed Profits and any amount to be paid to the Shareholders or remitted by the Shareholders under this Section 7.09, which determination shall be binding on the parties hereto.

  • In the event that the Actual Undistributed Profits shall be less than the Estimated Undistributed Profits, the Shareholders shall remit to Parent an amount equal to 43.9% of the amount by which the Actual Undistributed Profits are less than the Estimated Undistributed Profits.

  • The General Partner’s interest in the Grossed-Up Pre-IPO Profits shall equal the sum of (w) Net Grossed-Up Pre-IPO Profits and (x) any portion of the Limited Partners’ interests in the Pre-IPO Accrued and Undistributed Profits transferred to the General Partner.

  • Except as otherwise provided in Section 4.1.1 with respect to Liquidating Distributions, and subject to Section 4.4, distributions (a) out of Undistributed Profits shall be applied and distributed pro rata to the holders of the Units in proportion with their respective Percentage Interest and (b) not out of Undistributed Profits shall be applied in the same manner as distributions pursuant to Section 4.1.1.

  • For the avoidance of doubt, the aggregate amount distributed under this Section 12.2(d)(iv) with respect to Limited Partners’ interests in the Grossed-Up Pre-IPO Profits shall not exceed the aggregate amount of Pre-IPO Accrued and Undistributed Profits.

  • The General Partner’s interest in the Grossed-Up SC1:3479243.8 Pre-IPO Profits shall equal the sum of (w) Net Grossed-Up Pre-IPO Profits and (x) any portion of the Limited Partners’ interests in the Pre-IPO Accrued and Undistributed Profits transferred to the General Partner.

  • The Seller covenants to the Buyer that the Seller shall cause the Company not to declare or distribute any and all part of the Undistributed Profits before the Closing Date.

  • Parent or the Surviving Corporation shall notify such shareholders in writing of its good faith determination of the Actual Undistributed Profits and any amount to be paid to such shareholders or remitted by such shareholders under this Section 7.16, which determination shall be binding on Parent, the Surviving Corporation and such shareholders.

  • In the event that the Actual Undistributed Profits shall be less than the Estimated Undistributed Profits, the Shareholders shall remit to Parent and shall use their best efforts to cause such other shareholders to remit to Parent an amount equal to 45.6% of the amount by which the Actual Undistributed Profits are less than the Estimated Undistributed Profits.


More Definitions of Undistributed Profits

Undistributed Profits means, with respect to any Contributing --------------------- Member as of March 31, 1998, (x) the aggregate amount of Company Net Income, Knight Net Income and Trimark Net Income allocated to such Contributing Member, minus (y) the aggregate amount of Company Net Loss, ----- Knight Net Loss and Trimark Net Loss allocated to such Contributing Member minus (z) the aggregate amount of cash or other property previously ----- distributed to such Contributing Member, in each case in respect of such Contributing Member's Common Interest in the LLC and pursuant to the terms of the LLC Agreement in effect from time to time.
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Related to Undistributed Profits

  • unrealized profits means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • Undivided profits means the amount of retained earnings and any additional amounts held in capital reserve accounts of the savings bank.

  • 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.

  • Distributed Property shall have the meaning specified in Section 14.04(c).

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