Excess Profit Clause Samples
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Excess Profit. For contracted operation of a community corrections facility (CCF) for which a vendor budget has been approved with a stated profit (or excess revenue over expenditures for non-profit entities), VENDOR agrees to refund to DEPARTMENT sixty (60) days after the contract term any excess profit above the approved profit amount.
Excess Profit. If County shall make any assignment or sublease, with ▇▇▇▇▇▇’s consent, for a rental in excess of the rent payable under this Lease, Lessor shall not be entitled to any of such excess which shall be held by County.
Excess Profit. (a) The end value is [£ ] (“End Value”) this being the estimated sale value of the Fixed Asset at the date of practical completion based on the assumption that the Fixed Asset is sold on the open market:
(i) with a good and marketable title;
(ii) free from all charges and other encumbrances over the land; and
(iii) with the benefit of any subsisting leases and includes an uplift of [ ]% which represents the expected profit.
(b) On the Calculation Date, any Excess Profit shall become payable.
(c) The Excess Profit shall be calculated using the formula: 50% x (P + MV) – (EV + V) Where:
Excess Profit. (a) The end value is [£ ] (“End Value”) this being the estimated sale value of the Fixed Asset at the date of practical completion based on the assumption that the Fixed Asset is sold on the open market: with a good and marketable title; free from all charges and other encumbrances over the land; and with the benefit of any subsisting leases and includes an uplift of [ ]% which represents the expected profit.
(b) On the Calculation Date, any Excess Profit shall become payable.
(c) The Excess Profit shall be calculated using the formula: 50% x ((P + MV) – (EV + V)) Where:
Excess Profit. If COUNTY shall make any assignment or sublease, with ▇▇▇▇▇▇’s consent, for a rental in excess of the rent payable under this Lease, LESSOR shall not be entitled to any of such excess which shall be held by COUNTY.”
Excess Profit. Fifty percent (50%) of all cash or other consideration received by Tenant (after deduction of Tenant’s reasonable marketing, remodeling, broker and attorney’s fees, costs and expenses, tenant improvements or other reasonable market standard concessions granted in connection with such assignment or subletting) as the proceeds of any sublease of Tenant’s interest in this Lease and/or the Premises, whether consented to by Landlord or not, shall be paid to Landlord, notwithstanding the fact that such proceeds shall only be due if the amount the Premises are subleased for exceed the Rent due hereunder, unless ▇▇▇▇▇▇▇▇ agrees to the contrary in writing in its sole and absolute discretion, and Tenant hereby assigns all rights it might have or ever acquire in said 50% of such proceeds to Landlord. This covenant and assignment shall benefit Landlord and its successors in ownership of the Building and shall bind Tenant and Tenant’s members, managers, agents, representatives,· successors and assigns. Any assignee, sublessee or purchaser of Tenant’s interest in this Lease, by occupying the Premises and/or assuming Tenant’s obligations hereunder, shall be deemed to have assumed liability to Landlord for all amounts paid to persons other than Landlord in consideration of any such sale, assignment or subletting, in violation of the provisions hereof.
Excess Profit a profit generated in excess of the permitted profit; the calculation method is defined in the Guideline for the Project Promoters and Partners.
Excess Profit. If County shall make any assignment or sublease, with Lessor’s consent, for a rental in excess of the rent payable under this Lease, Lessor shall be entitled to Fifty Percent (50%) of any such excess, which shall be paid to Lessor by County as received.