No Assurance of Profitable Operations Sample Clauses

No Assurance of Profitable Operations. The Business Plan of the Company projects income and expenses based upon the best estimates of management. Due to the unique and innovative nature of the business the projections of both income and expenses contained in the Business Plan involve a high degree of estimation with no similar business experiences to review.
Sample 1Sample 2
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No Assurance of Profitable Operations. The Business Plan of the Company projects revenue and expenses based upon the best estimates of management. In the event the Company falls short of its revenue goals or incurs unanticipated expenses, the Company will be unable to make the projected distributions. Arbitrary Offering Price. The Company has arbitrarily determined the offering price per Class B Unit. Among the factors considered were estimates made by the principals as to the future prospects of the Company and its operations, expenses and potential revenues. Such estimates were prepared by the principals based on their present operational experience. There can be no assurances the projections prepared by the principals for the Company will be achieved. Interest in any Profits and Cash Distributions. The Company has to date Two Hundred and Eighty Three (283) outstanding Class A Units held by the Founder of the Company. The Company plans to issue up to an additional thirty (30) Class B Units in the first three funding rounds. The Company has authorized for sale thirty (30) Class B Units for $50,000 each. The Company can sell a one-half (1/2) Class B Unit for $25,000. The total aggregate number of Class B Units sold in the Three Capital Raises shall not exceed thirty (30). Class B unit member’s investing in the first funding round shall receive a one (1%) percent interest in the Company.
Sample 1
No Assurance of Profitable Operations. The Business Plan of the Company projects revenue and expenses based upon the best estimates of management. In the event the Company falls short of its revenue goals or incurs unanticipated expenses, the Company will be unable to make the projected distributions. Arbitrary Offering Price. The Company has arbitrarily determined the offering price per Class B Unit. Among the factors considered were estimates made by the principals as to the future prospects of the Company and its operations, expenses and potential revenues. Such estimates were prepared by the principals based on their present operational experience. There can be no assurances the projections prepared by the principals for the Company will be achieved. Interest in any Profits and Cash Distributions. The Company has to date Two Hundred and Eighty Three (283) outstanding Class A Units held by the Founder of the Company. The Company plans to issue up to an additional fifty (50) Class B Units in the Initial Raise. The Company has authorized for sale fifty (50) Class B Units for $50,000 each. The Company can sell a one-half (1/2) Class B Unit for $25,000. The total aggregate number of Class B Units sold in the Initial Capital Raise shall not exceed fifty (50). Assuming all fifty (50) Units are purchased such offering will provide Class B Units with a 15% interest in the Company which will not be diluted by future Company raises of capital for expansion.
Sample 1
No Assurance of Profitable Operations. The Business Summary of the Company projects income and expenses based upon the best estimates of management. Due to the unique and innovative nature of the business the projections of both income and expenses contained in the Business Summary involve a high degree of estimation with no similar business experiences to review. If the Company does not commence operations or operate profitably for any reason, purchasers in this offering may never receive any distributions from the Company; further, the Company may not have any assets and the investors may lose their entire investment.
Sample 1

Related to No Assurance of Profitable Operations

  • Communications and Operations Management a. Network Penetration Testing - DST shall, on approximately an annual basis, contract with an independent third party to conduct a network penetration test on its network having access to or holding or containing Fund Data. DST shall have a process to review and evaluate high risk findings resulting from this testing.

  • Use and Operation 3.1 Permitted Use ......................................................................................................

  • Business and Operations Borrower will continue to engage in the businesses presently conducted by it as and to the extent the same are necessary for the ownership, maintenance, management and operation of the Property. Borrower will qualify to do business and will remain in good standing under the laws of each jurisdiction as and to the extent the same are required for the ownership, maintenance, management and operation of the Property.

  • Management and Operations Promotes the learning and growth of all students and the success of all staff by ensuring a safe, efficient, and effective learning environment, using resources to implement appropriate curriculum, staffing, and scheduling

  • Cooperation of the Parties The Seller undertakes to notify the Buyer of any obstacles on his part, which may negatively influence proper and timely delivery of the Equipment.

  • Delegation and Operation OF TOP–LEVEL DOMAIN; REPRESENTATIONS AND WARRANTIES

  • Management and Operations of Business Except as otherwise expressly provided in this Agreement, all powers to control and manage the business and affairs of the Partnership shall be vested exclusively in the General Partner; the Limited Partner shall not have any power to control or manage the Partnership.

  • Contractual and Operational Compliance Audits (a) ICANN may from time to time (not to exceed twice per calendar year) conduct, or engage a third party to conduct, contractual compliance audits to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. Such audits shall be tailored to achieve the purpose of assessing compliance, and ICANN will (a) give reasonable advance notice of any such audit, which notice shall specify in reasonable detail the categories of documents, data and other information requested by ICANN, and (b) use commercially reasonable efforts to conduct such audit during regular business hours and in such a manner as to not unreasonably disrupt the operations of Registry Operator. As part of such audit and upon request by ICANN, Registry Operator shall timely provide all responsive documents, data and any other information reasonably necessary to demonstrate Registry Operator’s compliance with this Agreement. Upon no less than ten (10) calendar days notice (unless otherwise agreed to by Registry Operator), ICANN may, as part of any contractual compliance audit, conduct site visits during regular business hours to assess compliance by Registry Operator with its representations and warranties contained in Article 1 of this Agreement and its covenants contained in Article 2 of this Agreement. ICANN will treat any information obtained in connection with such audits that is appropriately marked as confidential (as required by Section 7.15) as Confidential Information of Registry Operator in accordance with Section 7.15.

  • Facility Operations V. FACILITY OPERATION MON TUES WED THURS FRI SAT SUN A. Hours facility is open to public and employees 6A- 5:30P 6A -5:30P 6A -5:30P 6A -5:30P 6A -5:30P Closed Closed B. Hours facility is open to public and employees

  • Other Activities/Renovations A. The Contractor acknowledges its responsibility to assure the Judicial Council’s quiet enjoyment of the Program and to provide the full service level of the Property for the Program, free from outside distractions, disturbances, and/or interruptions. The Contractor shall avoid assigning any rooms to the Judicial Council or the Attendees during the Program which are adjacent to or across from any group or activity that may generate noise or other distractions, such as construction or other conduct, sufficient to detract from quiet enjoyment of the Program on the Property. B. Additionally, the Contractor shall notify the Judicial Council of any actual or contemplated renovations or other construction that will or may occur on or adjacent to the Property during the Program, no later than fourteen (14) Days from the time the Contractor learns of such renovation or construction activity. C. For any disturbance, renovation, or construction activity that is potentially or actually inconvenient or disruptive to the Program, upon the Judicial Council’s request, the Contractor shall: i. Immediately cause such disturbance to cease, if possible, or suspend or minimize construction or renovation on the Property, if necessary, in order to maintain a proper environment for the Program; and/or ii. Immediately provide equivalent alternate space on the Property, satisfactory to the Program Manager, conducive to conducting the Program in a proper environment. D. If the Contractor is unable to comply with the conditions set forth in this provision, the Judicial Council may terminate the Agreement pursuant to the termination for cause provision set forth herein.

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