Division or Share of Profits. Section 7.1 shall be deleted in its entirety and replaced with the following: Any profits of the Joint Venture shall be allocated between the Joint Venturers in accordance with their respective Percentage Interests. The amount and timing of distributions shall be determined by the Executive Committee in its sole discretion. Distributions shall be made to the Joint Venturers in accordance with the respective Percentage Interests; provided however, upon request of either Joint Venturer, the Executive Committee may approve, in its sole discretion, distributions to only one of the Joint Venturers. Any distribution made to only one of the Joint Venturers shall reduce the receiving Joint Venturer’s Net Capital Contributions, capital account, and Percentage Interest accordingly.
Division or Share of Profits. Any profits of the joint venture shall be allocated among the joint ventures in the following percentages unless that percentage is changed pursuant to the terms of this Agreement: Party Percentage Allocation Stereo Vision Entertainment, Inc. - 51% Wilfield Productions - 49% Within ninety (90) days after the end of each fiscal year of the joint venture or within thirty (30) days after approval of the audited accounts, the parties shall meet to determine the distribution of all or a portion of the joint venture profits, if any.
Division or Share of Profits. Any profits of the Joint Venture shall be divided among the Parties as follows: OSL shall be entitled to fifty percent (50%) of all profits. Sxxxxx shall be entitled to fifty percent (50%) of all profits. These percentages are equal to each Party’s ownership interest in the Joint Ventures.
