Definition of Profits Sample Clauses

Definition of Profits. Profits shall be the monies received from the sale of precious metals after deducting all of PGM's costs attributable to the Joint Venture including but not limited to reimbursement of expenses and direct and indirect costs.
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Definition of Profits. Supplementing the provisions of Article 17, the following shall constitute the definition of “Profits”: the gross revenue received from the assignee or sublessee during the sublease term or during the assignment, less the aggregate of: (a) the Monthly Basic Rent paid to Landlord by Tenant during the period of the sublease term or during the assignment (or in the case of a sublease of a portion of the Premises, the Monthly Basic Rent allocable on a pro rata basis to such portion); (b) any reasonable tenant improvement allowance or rent abatement granted by Tenant to the sublessee or assignee; (c) reasonable brokers’ commissions; (d) reasonable moving expenses it has to pay to its sublessor or assignee, and reasonable Tenant’s legal fees relating to the sublease or assignment.
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Definition of Profits. Profits shall be the monies received from the sale of Joint Venture Products after deducting all of Maxxon's & Globe's costs attributable to the Joint Venture including but not limited to reimbursement of expenses and direct and indirect costs.
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Definition of Profits and Losses For purposes of allocating Profits and Losses to Capital Accounts, "Profits" and "Losses" mean, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period for federal income tax purposes, as modified by the capital account maintenance rules of Treasury Regulation ss.1.704-1(b)(2)(iv).
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Definition of Profits. For the purposes of this Agreement, profits or losses shall mean gross receipts from any and all operations carried out by the Company less all expenses, direct and indirect, properly attributes thereto, as determined by the audited financial statements of the Company. The Company shall calculate its earnings and profits before taking into account any Saudi income tax liabilities. Any such liability shall be calculated separately and subtracted from _ share of the Company’s earnings and profits, leaving only the net amount available for distribution. The Company’s books of account shall be kept on this basis.
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Related to Definition of Profits

  • Definition of Profit and Loss “Profit” and “Loss” and any items of income, gain, expense, or loss referred to in this Agreement shall be determined in accordance with federal income tax accounting principles, as modified by Regulations Section 1.704-1(b)(2)(iv), except that Profit and Loss shall not include items of income, gain and expense that are specially allocated pursuant to Sections 5.1(b), 5.1(c) or 5.1(d). All allocations of income, Profit, gain, Loss and expense (and all items contained therein) for federal income tax purposes shall be identical to all allocations of such items set forth in this Section 5.1, except as otherwise required by Section 704(c) of the Code and Regulations Section 1.704-1(b)(4). The General Partner shall have the authority to elect the method to be used by the Partnership for allocating items of income, gain, and expense as required by Section 704(c) of the Code including a method that may result in a Partner receiving a disproportionately larger share of the Partnership tax depreciation deductions, and such election shall be binding on all Partners.

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority: (i) First, to any Partner who was allocated Losses after the Capital Account of any other Partner was reduced to zero (0), to the extent of such Losses; provided, however, that in the event that the foregoing applies to more than one Partner, to those Partners pro rata according to the amount of such Losses allocated to each; and (ii) Second, to the Partners in accordance with their relative Percentage Interests.

  • GENERAL DEFINITION OF PRODUCTS Item 1: Cafeteria Furniture • Mobile tables on rollers with or without benches or stools. • Round and rectangular cafeteria tables without benches or stools. • Metal, wood, or wood clad metal wardrobes, beds and mattresses, night stands, chest of drawers, and single pedestal dormitory student desks with keyboard or center drawers.

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

  • Allocation of Profit or Loss All Profit or Loss shall be allocated to the Member.

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

  • Definition of Overpayments An “Overpayment” means any funds that Xxxxxx receives or retains under any Federal health care program to which Xxxxxx, after applicable reconciliation, is not entitled under such Federal health care program.‌

  • Definition of a Grievance A grievance is defined as a dispute or disagreement as to the interpretation or application of the specific terms and conditions of this AGREEMENT.

  • Tax Definitions The following terms, as used herein, have the following meanings:

  • Allocation of Profit and Loss Section 5.01 of the Partnership Agreement is hereby deleted in its entirety and the following new Section 5.01 is inserted in its place:

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