Common use of Calculation of Gross Revenue and Net Profit Clause in Contracts

Calculation of Gross Revenue and Net Profit. There is expressly excluded from calculation of Gross Revenue and from Net Profit as set forth in N.J.S.A. 40A:20-3 for the purpose of determining compliance with N.J.S.A. 40A:20-15 or -16, any gain realized by the Urban Renewal Entity on the sale of any Unit, whether or not taxable under federal or State law.

Calculation of Gross Revenue and Net Profit. There is expressly excluded from calculation of Gross Revenue and from Net Profit as set forth in N.J.S.A. 40A:20-3 for the purpose of determining compliance with N.J.S.A. 40A:20-15 or -16N.J.S.A. 40A:20-16, any gain realized by the Urban Renewal Entity on the sale of any Unit, whether or not taxable under federal or State law.

Calculation of Gross Revenue and Net Profit. There is expressly excluded from calculation of Gross Revenue and from Net Profit as set forth in N.J.S.A. 40A:20-3 for the purpose of determining compliance with N.J.S.A. 40A:20-15 or -16N.J.S.A. 40A:20-16, any gain realized by the Urban Renewal Entity on the sale of any Unit, whether or not taxable under federal or State law.

Calculation of Gross Revenue and Net Profit. There is expressly excluded from calculation of Gross Revenue and from Net Profit as set forth in N.J.S.A. 40A:20-3 for the purpose of determining compliance with N.J.S.A. 40A:20-15 or -16, any gain realized by the Urban Renewal Entity on the sale of the Project or any Unit, whether or not taxable under federal or State law.

Calculation of Gross Revenue and Net Profit. There is expressly excluded from calculation of Gross Revenue and from Net Profit as set forth in N.J.S.A. 40A:20-3 for the purpose of determining compliance with N.J.S.A. 40A:20-15 or -16, any gain realized by the Urban Renewal Entity on the sale of any Unitthe Project, whether or not taxable under federal or State law.