Profit Distributions. Profits of the Partnership shall be paid based on: (choose one) ☐ - A Partner’s percentage of ownership. Each Partner shall receive their share of profits based on their ownership interest. ☐ - Custom percentages assigned to each Partner. Each Partner shall be owed the following percentage of profits: .
Profit Distributions. 16. Distribution to the Members shall be at a time and manner of their own choosing.
Profit Distributions. In addition to the Tax Distributions set forth in Section 3.4(a) and to the extent permitted by the Act, the Board of Managers may, but shall not be obligated to, cause the Company to make additional distributions to the Members at such times and in such amounts as determined by the Board of Managers in its sole discretion, provided that such distributions shall be made to the Members pro rata in proportion to their respective Unit Percentages (the “Profit Distributions”).
Profit Distributions. Following FCS, Coeptis will pay Kitov an “Initial Profit Distribution” equal to 60% of Net Profits of the Product, until Kitov has received Initial Profit Distributions of $13,000,000 (thirteen million United States Dollars) (the “Initial Profit Distribution Threshold”). Once this Initial Profit Distribution Threshold has been achieved, Coeptis will pay Kitov “Continuing Profit Distributions” equal to 40% of the Net Profits through the term of the Agreement. As used herein, “Profit Distribution(s)” shall mean Initial Profit Distributions and/or Continuing Profit Distributions, in aggregate and/or individually, as applicable.
Profit Distributions. 1. During the first 12 years, until to August 15, 2017, part of income is to repay the Second Hospital’s debt by Party B. The remaining of the income will go to Party B.
Profit Distributions. Second, after the Company has made the aggregate distributions required under Section 6.1(a), remaining Distributable Cash shall be apportioned (but not distributed) in respect of the outstanding Class A Units and In-the-Money Incentive Units in proportion to the number of Class A Units and In-the-Money Incentive Units then outstanding; provided, (i) any amount distributed to a Member pursuant to Section 6.2(a) shall be deemed an advance of amounts distributable to such Member under this Section 6.1(b) and
Profit Distributions. In addition to the Tax Distributions set forth in Section 3.4(a) and to the extent permitted by the Act, the Board of Managers shall, promptly after the end of each calendar month, cause the Company to make additional distributions (the “Profit Distributions”) to the Members pro rata in proportion to their respective Unit Percentages in an amount equal to Available Cash (as defined below); provided, that if requested in writing by any Member at any time during such calendar month, the Board of Managers shall, within forty-eight (48) hours after receiving such request, cause the Company to make a special Profit Distribution to such Member equal to such Member’s pro rata share of Available Cash (which distribution shall be deducted from the Profit Distribution such Member would otherwise receive after the end of such calendar month).
Profit Distributions. 4.1 In the event that Laurus does not exercise the Call Right, profits, if any from the joint conversion in full of the Recast Promissory Note into common shares of Company's stock and exercise in full of Purchaser's Warrants, shall be divided between LF and Laurus on the following basis: profits (exclusive of accrued but unpaid interest as provided for in the Recast Promissory Note), if any, shall be distributed to Laurus in an amount equal to Laurus' pro rata share exclusive of profits, if any, which may be attributable to interest due Laurus pursuant to the Laurus Note and the Closing Fee due Laurus as well as interest or the LF Closing Fee Note due LF, which interest and/or LF Closing Fee Note was, at the option of LF, paid to LF either in cash or as payment-in-kind (such interest and/or securities flowing therefrom being the exclusive property of LF) less twenty-five percent (25%), with the balance of profits (exclusive of accrued but unpaid interest as provided for in the Recast Promissory Note), if any, distributed to LF. By way of example, if Laurus invested $1.5 million and LF invested $2.65 million, profits of $3.0 million (after return of capital to both LF and Laurus) would be distributed $813,253.01 to Laurus and $2,186,746.99 to LF.
Profit Distributions. If for any year the Company or a Subsidiary has earned a profit and the Shareholder or the Company cannot agree on an amount to be retained for working capital and/or for capital investment from the distributions provided for in Clause 10 below then any Shareholder shall have the right to require in any year (but not the same Shareholder in a successive year) the retention of a reasonable amount to be withheld from distributable profit for working capital and any capital investment approved by the Shareholders in the budget for the ensuing year. Any Shareholder making such a demand shall not have the right to do so in the next successive year. Notwithstanding anything to the contrary contained herein or elsewhere in this Agreement, the Company shall make a mandatory distribution to each of Abacus and Claritas in an amount equal to any tax that is payable by Abacus or Abacus US or Claritas by virtue of the Company's or the Subsidiaries operations PROVIDED THAT such mandatory dividend shall not be payable if payment of the same would contravene any local law or the Laws or if there is a Further Loan outstanding in respect of which repayment to a Shareholder, other than the Shareholder to whom the mandatory dividend would be payable, is in arrears.
Profit Distributions. In addition to the monies paid by Premiere to TSC pursuant to Section 2 above, for each Combined Club Week sold by Premiere, TSC shall be entitled to receive an amount equal to the following:
