Allocation and Distribution of Profits Sample Clauses

Allocation and Distribution of Profits. Within [*]days following the close of each Calendar Quarter, Xxxx shall pay Corium an amount equal to [*] of Net Income from Xxxx’x sales of the Product in the Territory.
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Allocation and Distribution of Profits. Within [*] following the close of each Calendar Quarter, Xxxx shall pay Corium an amount equal to (i) [*] of Net Income from Xxxx’x sales of the [*] Product in the Territory (ii) [*] of Net Income from Xxxx’x sales of the [*]Product in the Territory; (iii) [*] of Net Income from Xxxx’x sales of the Catapress TTS Product in the Territory; and (iv) [*] of Net Income from Xxxx’x sales of the [*] Product in the Territory.
Sample 1Sample 2Sample 3See All (4)
Allocation and Distribution of Profits. Except as otherwise agreed by the Members, all profits and losses of the Joint Venture shall be allocated to each Member according to their respective Interests in the Venture.
Sample 1
Allocation and Distribution of Profits. The AFD shall be allocated and distributed periodically to Swift and the Shareholders in accordance with their respective percentage of stock ownership in Trans-Mex, as such may change from time to time, in order to avoid such amount being taxed under Mexican fiscal law or regulations. In the event Mexican fiscal law changes and reduces or eliminates the APD, distributions shall be made to the Shareholders and Swift in accordance with their respective percentage of stock ownership, as such may change from time to time, under then applicable Mexican law and regulations. Such distributions shall be equal to ten percent (10%) of the revenues of Trans-Mex (less any reduced AFD, if any, which is distributed), provided, however, that any such distributions during a fiscal year shall not exceed the after-tax profit of Trans-Mex for such year. Profits which are in excess of the AFD or said alternative distribution shall be retained in Trans-Mex in order to finance future growth. The Shareholders and Swift may make additional capital contributions to Trans-Mex, proportionate with their respective percentage ownership of stock in the Company from time to time, in order to finance the growth of Trans-Mex, in such amounts as they may unanimously agree upon
Sample 1
Allocation and Distribution of Profits. 13.1 The distributable profit shall consist of the profit of the financial year, plus the profit carried forward, minus any previous losses and sums allocated to reserves pursuant to Romanian law, this Company Agreement and the Articles of Association.
Sample 1
Allocation and Distribution of Profits. The General Meeting distributes the distributable profit as such shall be defined by law among all the shareholders in proportion to the number of shares owned by each. It shall also determine the method of payment. The General Meeting may decide to distribute sums withdrawn from the reserves available to it by indicating expressly the reserve categories from which the withdrawals were made. Nevertheless, dividends are, by priority, taken from the distributable profit for the fiscal period. The General Meeting may also decide to allocate distributable amounts to the reserves and to the carry forward balance in full or in part. No distribution may be made when shareholders' equity is or, as a result of this distribution, would be less than the amount of capital plus reserves that the law establishes as the limit for distribution.
Sample 1

Related to Allocation and Distribution of Profits

  • Allocations and Distributions The LLC's profits and losses shall be allocated to the Member. At the time determined by a majority of the Managers, the Managers may cause the LLC to distribute to the Member any cash held by it which is neither reasonably necessary for the operation of the LLC nor the performance of its contractual obligations, nor which is in violation of Sections 18-607 or 18-804 of the Act or any contractual agreement binding on the LLC.

  • Distribution of Profits Any and all net income accruing to the Joint Venture shall be distributed equally to the Parties.

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority:

  • Deemed Contribution and Distribution Notwithstanding any other provision of this Article 13, in the event that the Partnership is liquidated within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g), but no Liquidating Event has occurred, the Partnership’s Property shall not be liquidated, the Partnership’s liabilities shall not be paid or discharged and the Partnership’s affairs shall not be wound up. Instead, for federal income tax purposes the Partnership shall be deemed to have contributed all of its assets and liabilities to a new partnership in exchange for an interest in the new partnership; and immediately thereafter, distributed Partnership Units to the Partners in the new partnership in accordance with their respective Capital Accounts in liquidation of the Partnership, and the new partnership is deemed to continue the business of the Partnership. Nothing in this Section 13.3 shall be deemed to have constituted a Transfer to an Assignee as a Substituted Limited Partner without compliance with the provisions of Section 11.4 or Section 13.3 hereof.

  • Liquidation and Distribution of Assets Upon the dissolution of the Company, the Member, or court-appointed trustee, if there is no remaining Member, shall take full account of the Company’s liabilities and assets, and such assets shall be liquidated as promptly as is consistent with obtaining the fair value thereof. During the period of liquidation, the business and affairs of the Company shall continue to be governed by the provisions of this Agreement, with the management of the Company continuing as provided in Section 5 hereof. The proceeds from liquidation of the Company’s property, to the extent sufficient therefore, shall be applied and distributed in the following order:

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • LIQUIDATION AND DISTRIBUTION On or as soon after the Closing Date as is conveniently practicable: (a) the Acquired Fund will distribute in complete liquidation of the Acquired Fund, pro rata to its shareholders of record, determined as of the close of business on the Closing Date (the "Acquired Fund Shareholders"), all of the Acquiring Fund Shares received by the Acquired Fund pursuant to paragraph 1.1; and (b) the Acquired Fund will thereupon proceed to dissolve and terminate as set forth in paragraph 1.8 below. Such distribution will be accomplished by the transfer of Acquiring Fund Shares credited to the account of the Acquired Fund on the books of the Acquiring Fund to open accounts on the share records of the Acquiring Fund in the name of the Acquired Fund Shareholders, and representing the respective pro rata number of Acquiring Fund Shares due such shareholders. All issued and outstanding shares of the Acquired Fund (the "Acquired Fund Shares") will simultaneously be canceled on the books of the Acquired Fund. The Acquiring Fund shall not issue certificates representing Acquiring Fund Shares in connection with such transfer. After the Closing Date, the Acquired Fund shall not conduct any business except in connection with its termination.

  • Payments and Distributions (a) On or immediately after the fifteenth the day of each month, the Trustee shall satisfy itself as to the adequacy of the Reserve Account, making any further credits thereto as may appear appropriate in accordance with Section 3.05 and shall then with respect to each Trust:

  • Profits Losses and Distributions A. Each Member shall share all profits and losses, pro rata, in proportion to the Member's Interest in the Company. A Member's Interest shall be defined as a Member's pro rata share of ownership in the Company.

  • Profit Loss and Distributions 4.1 Distributions of Cash Flow and Allocations of Profit or Loss Other than Capital Transactions.

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