No Profit. 16.3. The Grant may not produce a profit for the Grantee(s), unless specified otherwise in Article 7 of the Special Conditions. Profit is defined as a surplus of the receipts over the eligible costs approved by IUCN when the Request for Payment of the balance is made.
No Profit. The Agent shall not receive any profit under this Agency Agreement or any Project Agreement, nor shall the Agent be obligated to make any expenditure or incur any obligation regarding Agency Work with respect to which it shall not be entitled to reimbursement under this Agency Agreement.
No Profit. 23.3 The grant may not produce a profit for the Lead Beneficiary or to the Beneficiary(ies). Profit is defined as a surplus of the receipts over the eligible costs approved by the MA when the request for payment of the balance is made or according to State aid regulation if the Project is State aid relevant.
No Profit. All cash or other consideration received by Tenant as the proceeds of any assignment or sublease of Tenant’s interest in this Lease and/or the Premises, whether consented to by Landlord or not, shall be paid to Landlord, notwithstanding the fact that such proceeds may exceed the Rent due hereunder, unless Landlord agrees to the contrary in writing, and Tenant hereby assigns all rights it might have or ever acquire in any such proceeds to Landlord. This covenant and assignment shall benefit Landlord and its successors in ownership of the Building and shall bind Tenant and Tenant’s heirs, executors, administrators, personal representatives, successors and assigns. Any assignee, sublessee or purchaser of Tenant’s interest in this Lease, by occupying the Premises and/or assuming Tenant’s obligations hereunder, shall be deemed to have assumed liability to Landlord for all amounts paid to persons other than Landlord in consideration of any such sale, assignment or subletting, in violation of the provisions hereof.
No Profit a) Members must not profit, directly or indirectly, from sharing expenses with anyone ( a roomer or border) using their unit.
No Profit. This Agreement, and Subscriber’s payments made hereunder, entitle Subscriber solely to the Bill Credits, which may only be used towards Subscriber’s electricity consumption from its Utility account as and when applied to the Subscriber’s Utility account by the Utility. While Subscriber’s net electricity cost may be reduced as a result of entering into this Agreement, Subscriber will not be entitled to any profit (through any tax credits, rebates, earnings, capital appreciation or otherwise) related to the Facility.
No Profit. This Agreement, and Subscriber’s payments made hereunder, entitle Subscriber solely to the Xxxx Credits, which may only be used towards Subscriber’s electricity consumption from its Utility account as and New York and will be governed by New York law, without regard to principles of conflicts of law, together with any applicable federal law. The Parties agree that any dispute, disagreement, or claim that cannot be resolved pursuant to Section 11(g) shall be resolved by a court of competent jurisdiction in the County in which the Facility is located and Subscriber agrees to submit to the personal jurisdiction of the New York state courts located in such County for the purposes of litigating all such disputes, disagreements, and claims.
No Profit. Save and except for the contracts made with the consent of OWNER, the OPERATOR shall not make any profit or commission out of the management of the Hotel other than those stated in this Agreement including but not limited to the Management Fees.
No Profit. Seller and Subcontractors to Seller shall not receive profit on requests for adjustment due to loss of productivity.
No Profit. Agency Costs shall not include any profit or rate of return, but shall include reimbursement of costs as set forth in Section 8.1. The Agent shall not be obligated to make any expenditure or incur any obligation regarding Agency Work with respect to which it shall not be entitled to reimbursement under this Agreement.
