Calculation of Net Profit. For the purposes of this Financial Agreement, the Entity agrees to calculate its "Net Profit" pursuant to N.J.S.A. 40A:20-3(c).
Calculation of Net Profit. (a) The parties have prepared the pro forma income statement (the "Pro Forma Income Statement") showing the combined income statement for Buyer and the Company and the Net Profit thereof on a consolidated basis for the four quarters ending September 30, 1997 which is attached to this Agreement as Schedule 2.3.4.
Calculation of Net Profit. For purposes of Section 4 hereof , the term //Net Profit, shall be defined as: (a) collection by Funder of payment in full to Funder under the Funding Agreement between Funder and the client, if any, minus (a) application and case monitoring fees, Origination Fees, funding costs to Funder and (d)[under and any Extraordinary Costs in the collection of said funds Extraordinary Costs shall include, without limitation, attorneys fees and other costs of collections actually incurred by Funder. In the event Funder uses its house counsel to seek collection of funds, Funder may include a reasonable amount for such services in the calculation of Net Profit. It is understood that Extraordinary Costs are incurred only when client’s attorney or the client is uncooperative in paying sums due under the client Funding Agreement and steps outside the ordinary collection process require additional action be taken to collect any such funds.
