No Profit Clause Samples
The No Profit clause prevents a party from making a profit on certain costs or claims under a contract. Typically, this clause applies to situations where a contractor is reimbursed for costs incurred due to changes, delays, or other compensable events, ensuring that only the actual, reasonable costs are paid without any added markup or profit margin. By enforcing this limitation, the clause ensures fairness and cost control, preventing unjust enrichment and aligning compensation strictly with genuine expenses.
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No Profit. All cash or other consideration received by Tenant as the proceeds of any assignment or 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 may exceed the Rent due hereunder, unless Landlord agrees to the contrary in writing, and Tenant hereby assigns all rights it might have or ever acquire in any 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 heirs, executors, administrators, personal 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.
No Profit. The grant may not produce a profit for the Lead Beneficiary or to the Beneficiary(ies). Profit is defined as a surplus of the receipts over the eligible costs approved by the MA when the request for payment of the balance is made or according to State aid regulation if the Project is State aid relevant.
No Profit. The Grant may not produce a profit for the Grantee(s), unless specified otherwise in Article 7 of the Special Conditions. Profit is defined as a surplus of the receipts over the eligible costs approved by IUCN when the Request for Payment of the balance is made.
No Profit. Seller and Subcontractors to Seller shall not receive profit on requests for adjustment due to loss of productivity.
No Profit. This Agreement, and Subscriber’s payments made hereunder, entitle Subscriber solely to the ▇▇▇▇ Credits, which may only be used towards Subscriber’s electricity consumption from its Utility account as and when applied to the Subscriber’s Utility account by the Utility. While Subscriber’s net electricity cost may be reduced as a result of entering into this Agreement, Subscriber will not be entitled to any profit (through any tax credits, rebates, earnings, capital appreciation or otherwise) related to the Facility.
No Profit. The Agent shall not receive any profit under this Agency Agreement or any Project Agreement, nor shall the Agent be obligated to make any expenditure or incur any obligation regarding Agency Work with respect to which it shall not be entitled to reimbursement under this Agency Agreement.
No Profit. (a) Members must not profit, directly or indirectly, from sharing expenses with anyone using their unit.
(b) Members must not profit when they give up occupancy rights, or allow others to use their unit. Members must pay any profit to the Co-op.
(c) The Co-op can ask members to prove that they are not profiting from any arrangement with guests or sub-occupants of their unit. If asked, members must give complete details of any arrangement. This request can include sworn statements about the arrangement from everyone involved.
(d) Some examples of profit are key money, and placing too great a value on the furnishings of the unit. Profit does not include guests or sub- occupants paying their fair share of the housing charges. Profit does not include paying a reasonable charge for meals, cleaning, etc. (if it is not a hidden profit on the housing charges).
No Profit. All Books are published without any profit accruing to the Publisher or Author. All Books are sold to Buyers at a price set to the manufacturing cost of the Book.
No Profit. The Respondent did not profit personally in any way as a result of her actions, including the Purchases.
No Profit. 28.1 The EU contribution may not produce a profit in the framework of the Action, unless specified otherwise in Article 7 of the Special Conditions. Profit is defined as a surplus of the receipts over the eligible costs approved by the Contracting Authority when the request for payment of the balance is made.
28.2 The receipts to be taken into account are the consolidated receipts on the date on which the payment request for the balance is made by the Organisation that fall within one of the two following categories:
a) income generated by the Action, unless otherwise specified in the Special Conditions;
b) financial contributions specifically assigned by the donors to the financing of the same eligible costs financed by the Agreement and declared by the Organisation as actual costs under the Agreement. Any financial contribution that may be used by the Organisation to cover costs other than those eligible under this Agreement or that are not due to the donor where unused at the end of the Action are not to be considered as a receipt to be taken into account for the purpose of verifying whether the EU contribution produces a profit in the framework of the Action.
28.3 Where the final amount of the EU contribution determined in accordance with the Agreement would result in a profit, it shall be reduced by the percentage of the profit corresponding to the final EU contribution to the eligible costs actually incurred approved by the Contracting Authority.
28.4 The provisions in Articles 28.1 to 28.3 shall not apply to:
a) Actions the objective of which is the reinforcement of the financial capacity of the Organisation or a Co-Beneficiary, if specified in Article 7 of the Special Conditions;
b) Actions which generate an income to ensure their continuity beyond the end of this Agreement, if specified in Article 7 of the Special Conditions;
c) EU contributions of EUR 60.000 or less.