Net Profit Undertaking Sample Clauses

Net Profit Undertaking. The Company undertakes to the Purchaser that the Non-GAAP Operating Net Profit (as defined below) of the Group Companies for the fiscal year ended December 31, 2017 (the “2017 Actual Profits”) shall be no less than RMB1,000,000,000 (the “2017 Target Profit”). The Non-GAAP Operating Net Profit of the Group Companies refers to the consolidated net profit of the Group Companies, but excluding the effects of the loss and profit of fair value on financial assets, the loss and profit of fair value of convertible redeemable preferred shares, share-based compensation expenses, any other non-operating costs, and any income tax resulting from the abovementioned items, as reflected in the consolidated financial statements of the Group Companies prepared by the Group Companies. If the 2017 Actual Profit is less than the 2017 Target Profit, then, at the option of the Company,
Sample 1Sample 2
AutoNDA by SimpleDocs
Net Profit Undertaking. The Company undertakes to the Purchaser that the Non-GAAP Operating Net Profit (as defined below) of the Group Companies for the fiscal year ended December 31, 2017 (the “2017 Actual Profits”) shall be no less than RMB1,000,000,000 (the “2017 Target Profit”). The Non-GAAP Operating Net Profit of the Group Companies refers to the consolidated operating profit of the Group Companies after deducting applicable income tax, but without deducting any non-operating or non-cash costs, including without limitation fair value loss on financial assets, fair value loss of convertible redeemable preferred shares, amortization of intangible assets resulting from asset and business acquisitions, share-based compensation expenses and any income tax resulting from the abovementioned items, as reflected in the consolidated financial statements of the Group Companies prepared by the Group Companies. If the 2017 Actual Profit is less than the 2017 Target Profit, then, at the option of the Company,
Sample 1Sample 2
Net Profit Undertaking. 2.1 The parties mutually agree that the amount based on which the business performance commitment and compensation hereunder are to be determined shall be the Net Profit of the Target Company for any applicable fiscal year during the Commitment Period, as calculated at the end (December 31) of such fiscal year. The fiscal year involved in the calculation of such Net Profit shall be determined in accordance with Section 2.2.
Sample 1

Related to Net Profit Undertaking

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”).

  • Financial, Accounting, and Administrative Services The Manager shall maintain the existence and records of the Corporation; maintain the registrations and qualifications of Fund Shares under federal and state law; monitor the financial, accounting, and administrative functions of the Fund; maintain liaison with the various agents employed by the Corporation (including the Corporation’s transfer agent, custodian, independent accountants and legal counsel) and assist in the coordination of their activities on behalf of the Fund.

  • Accounting Services The Manager will provide all accounting services customarily required by investment companies, in accordance with the requirements of applicable laws, rules and regulations and with the policies and practices of each Series as communicated to the Manager from time to time, including, but not limited to, the following:

  • Services to Other Clients; Certain Affiliated Activities (a) The relationship between the Asset Manager and the Series is as described in this Agreement and nothing in this Agreement, none of the services to be provided pursuant to this Agreement, nor any other matter, shall oblige the Asset Manager to accept responsibilities that are more extensive than those set forth in this Agreement.

  • Description of Accounting Services on a Continuous Basis PFPC will perform the following accounting services with respect to each Portfolio:

  • Covenant to Provide Financial Information and Maintain Sufficient Capital The Administrator shall obtain and maintain the necessary capital to fulfill its obligations under this Agreement and shall remain solvent. The Administrator will report to the Issuer on a semi-annual basis its current and total assets, current and total liabilities, and total equity and the Company intends to include such amounts in its SEC reports.

  • Fund Accounting Services GFS may from time to time adopt procedures, or modify its procedures, to implement the terms of this Section. With respect to each Fund, GFS shall provide the following services subject to, and in compliance with, the objectives, policies and limitations set forth in the Trust’s Registration Statement, the Trust’s Agreement and Declaration of Trust, Bylaws, applicable laws and regulations, and resolutions and policies implemented by the Trust’s Board of Trustees (the “Board”):

  • Bank Provides Diverse Financial Services and May Generate Profits as a Result Customer acknowledges that Bank or its Affiliates may have a material interest in transactions entered into by Customer with respect to the Account or that circumstances are such that Bank may have a potential conflict of duty or interest. For example, Bank or its Affiliates may act as a market maker in the Financial Assets to which Instructions relate, provide brokerage services to other customers, act as financial adviser to the issuer of such Financial Assets, act in the same transaction as agent for more than one customer, have a material interest in the issue of the Financial Assets, or earn profits from any of these activities. Customer acknowledges that Bank or its Affiliates may be in possession of information tending to show that the Instructions received may not be in the best interests of Customer. Bank is not under any duty to disclose any such information.

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser.

  • Additional Accounting Services Ultimus shall also perform the following additional accounting services for each Portfolio:

Time is Money Join Law Insider Premium to draft better contracts faster.