DIVISION OF PROFITS. Property will be sold for cash unless otherwise agreed in writing. Investor will receive 100% of their original investment, including associated closing and any other costs for the said property in addition to 50% of all NET profits made. Manager will receive 50% of all NET profits made. Profits are the difference between the amount of the purchase (including closing costs and taxes) and sales agreement when buying and selling the property. Specifically excluded are either party’s fixed costs associated or unassociated with the purchase or sale of this property (i.e. marketing.)
DIVISION OF PROFITS. The Company shall, after payment of its corporate income tax, annually certain proportion of at least 10% of the remaining profits will be used for establishing a reserve fund. This will be subject to the decision of the Members’ Council from time to time. In accordance with the ratio of the Charter Capital contribution of the Parties as stated in Article 9 above, the remaining profits of the Company shall be allocated to the Parties based on the ratio of the Charter Capital contribution according to the decisions of the Members’ Council.
DIVISION OF PROFITS and Losses from the sales of a Product arising out of the Development Program for cancer indications shall * from the date of the Initial Commercial Sale or license to a third party, its Affiliates, or sublicensees of such Product in such country (or, if the parties are Co-Promoting a Product in a country, the date on which premarketing expenses are first incurred), until *
DIVISION OF PROFITS. Subject to the rights of persons, if any, entitled to shares with special rights as to dividends, all dividends shall be declared and paid according to the amounts paid or credited as paid on the shares in respect whereof the dividend is paid, but if and so long as nothing is paid upon any of the shares in the Company, dividends may be declared and paid according to the amounts of the shares.
DIVISION OF PROFITS. (a) Profits or losses of the Joint Venture shall be allocated to the capital accounts of the Venturers in proportion to their respective ownership interests. All tax and other items separately allocated shall be allocated in proportion to aggregate profit or loss.
DIVISION OF PROFITS a) The Parties agree to vote their shares in all shareholders’ meetings held during 2016 such that during this year, dividends against profits earned in 2015 and earlier that are retained in the assets of the company on December 31, 2015 are not issued or paid.
DIVISION OF PROFITS. EOL and PMXG shall equally share in the gross profits generated by the Machines. Gross profits are defined as the profits received from the sale of the gold after deducting basic expenses such as rental location fees and administrative expenses. Unless otherwise agreed by the parties, PMXG will pay the costs of initial advertising and promotion to publicize this test contract and generate interest in retail sales and licensing/franchising opportunities. EOL has the right to have PMXG's books and records regarding the Gold ATM business (including but not limited to wholesale receipts from gold suppliers and other receipts concerning the operational expenses regarding the Machines) audited by a public certified accountant or any other professional advisors which is bound by professional confidentiality duties. The audit shall have the sole objective to verify the correctness of the calculation of the division of profits and the accurateness of EOL's profit share. In case an audit shows any incorrectness of the calculation and the division of profits, PMXG shall bear the costs of the audit.
DIVISION OF PROFITS. The profits earned by the Joint Venture shall be calculated at the end of each month with distribution by the end of the 3'4 week following the billing month; and, a quarterly settlement statement at the end of each fiscal quarter. Profits shall be divided as represented in the Exhibit(s) .between the Parties as follows:
DIVISION OF PROFITS. 56. The profits of the Corporation, if divided, shall be shared among the parties in proportion to their respective subscriptions. LIABILITY OF THE PARTIES HEREUNDER
DIVISION OF PROFITS. 1) Each project will be evaluated base on its risk and return profile and will be agreed to by both Parties before any investment. As such, every project must meet expected returns to both Parties.
