Sharing of Profits. The partners shall be entitled to the net profits arising from the operation of the partnership business that remain after the payment of the expenses of conducting the business of the partnership. Each partner shall be entitled to the distributive share of the profits specified below.
Sharing of Profits. (a) For the purposes of this Section 3.5 only, the ------------------ term "Stockholders" refers solely to Wine Partners, L.P., TPG Partners, L.P. TPG Parallel I, L.P. and TPG GenPar, L.P. (the "TPG Stockholders"). If (i) the Merger Agreement is terminated in circumstances in which Parent is entitled to a fee pursuant to Section 8.2(b) (ii) thereof and (ii) not later than one year from the date of termination of the Merger Agreement, (1) the Company consummates a merger, acquisition, consolidation, recapitalization, liquidation, dissolution or similar transaction involving, or any sale of all or substantially all of the assets or equity securities of, the Company and its Subsidiaries (a "Business -------- Combination"), (2) the Company enters into an Acquisition Agreement providing ----------- for a Business Combination, which Business Combination is ultimately consummated, irrespective of when such consummation occurs, (3) a TPG Stockholder disposes of any or all of its Subject Shares to any person not an affiliate or an associate of Parent or Purchaser or to the Company or any affiliate thereof in connection with a Business Combination, or (4) a TPG Stockholder realizes proceeds in respect of its Subject Shares as a result of a distribution to such TPG Stockholder by the Company following the sale of substantially all of the Company's assets in connection with a Business Combination (each, a "Subsequent Transaction"), in each case at a per share ---------------------- price or with equivalent per share proceeds (including, in the case of clause (4), the market value of the Shares after giving effect to such transactions), as the case may be (the "Subsequent Price"), having a value in excess of the Per ---------------- Share Amount, then the TPG Stockholder will promptly pay to Parent an amount equal to one-half of the product of (x) the excess of the Subsequent Price over the Per Share Amount multiplied by (y) the number of Subject Shares beneficially owned (other than beneficially owned solely by reason of having a right to vote) by such TPG Stockholder at the time a Business Combination is consummated (in the case of clauses (1), (2) and (3)) or disposal by such TPG Stockholder (in the case of clause (4)). Any non-cash consideration received by the TPG Stockholder in a Subsequent Transaction will be valued at fair market value at the time of receipt thereof by the TPG Stockholder. In the event of any stock dividends, stock splits, recapitalizations, co...
Sharing of Profits. The partners shall be entitled to share in the net profits arising from the operation of the partnership after payment of the expenses described in paragraph D.1. of Article IX. Each partner shall be entitled to share in the net profits in the following proportions: Losses. All losses which shall occur in the operation of said business shall first be paid out of the income of the partnership, if any, and then operating capital of the partnership, or if the same shall be deficient, by each partner in the same proportion as such partner's appropriate share in partnership profits.
Sharing of Profits. The sharing of net profits of the company shall be determined and agreed upon at the AGM and at no other meeting. Each shareholder will receive their share of net profits as per their shareholding at the time of declaration of net profits to be shared.
Sharing of Profits. Without limitation of any other provision hereof, should Tenant propose to Transfer to any Transferee other than an Affiliate, Landlord may condition its consent to the Transfer on the condition that fifty percent (50%) of the profit derived by Tenant from the Transfer be paid by Tenant to Landlord as Rent. For purposes of Subsections 11.4 and 11.5, “profits” shall mean the amount of any and all consideration received by Tenant in connection with such Transfer, minus the amount of Base Rent and Additional Rent to be paid by Tenant under this Lease for the portion of the Term and the Subject Space, minus all reasonable, out-of-pocket costs actually incurred by Tenant in connection with such Transfer (including leasing commissions, advertising expenses, costs of alterations or improvements to the Premises approved by Landlord in accordance with this Lease, and attorney’s fees).
Sharing of Profits. In the event that GOV or RMR consummates any sale of Common Shares prior to the first anniversary of the Closing Date and the price per share paid by the purchaser in such sale transaction is greater than the Per Share Price, GOV or RMR, whichever is the seller in such sale transaction, shall pay to Seller, in immediately available funds denominated in United States dollars, by wire transfer to one or more bank accounts designated by Seller, within ten (10) Business Days following the receipt by such Purchaser or its designee of the proceeds of such sale, an amount equal to 50% of the product of (i) the number of Shares sold in such sale transaction times (ii) the excess of (x) the price per share paid in such sale transaction and (y) the Per Share Price. For the avoidance of doubt, this Section 4.2 applies to any shares of the Company owned by any Purchaser and is not limited to such Purchaser’s Applicable Shares.
Sharing of Profits. The Partners shall share Profits as follows:
Sharing of Profits. If the Company formed under the provisions of the Contract sell or transfer its Shares of the Company and if a Profit is being made, CONTRACTOR is liable to pay to the made from the sale Government of the Union of Myanmar the following tranches out of the Net Profit made or transfer of the on the sale or transfer of the shares of the Company, registered under the Contract:- shares in the Company formed - If the amount of Net Profit is up to 100 MMUS$ 40% under the contract - If the amount of Net Profit is between 100 MMUS$ and 150 MMUS$ 45% 4433 - If the amount of Net Profit is over 150 MMUS$ 50% PSC Standard Terms & Conditions (Contd;) (Shallow Water Offshore Blocks) Sr. No. Particulars Standard Terms and Conditions of Production Sharing Contracts for Deep Water offshore Blocks
Sharing of Profits. The purpose of a partnership is to carry on business. Thus, it is obvious that the partners have an interest in sharing the profits so earned from the business of the firm. Here, profits include losses as well. Division of profits is an important element in a partnership. There was a time when sharing of profits was used as a test to determine whether a partnership existed or not. If a person shared the profits and incurred liabilities too, he was deemed a partner as held in Grace vs. Xxxxx 1 However, in the present day, a person does not become a partner merely because he shares the profits of the business. Similarly, sharing of losses is not a must for a partnership. Sharing profits and contributing to losses are indications or prima facie evidence of a partnership but not the conclusive test of partnership. It is possible that a partner may be paid salary or a fixed sum periodically in lieu of profits. In Xxx vs. Hickman2, it was held that the conclusive test for partnership is mutual agency (Right of all partners in a partnership to act as agents for the normal business operations of the partnership, and their responsibility for their partners' business related (but not personal) actions) because it is possible that every man who gets a share in the profits might not be liable for the losses of the firm or might not be a partner. For example, a servant or agent may receive a share of profits instead of his salary or as a bonus. Similarly, a person who sells his business and goodwill may be given a share of profits as consideration for sale. An employee of the firm may loan some money to the firm. But these persons do not ipso facto become partners in the firm due to such participation.
Sharing of Profits. 6.2.1 It is agreed between the Parties that since WWW will make all capital expenditure and other investments in the JVC, WWW shall be entitled to seventy percent (70%) of the Distributable Profits of the JVC till such time all the capital expenditure and investment made by WWW is recovered. After the capital expenditure and investment made by WWW is recovered, the Distributable Profits of the JVC would be distributed among the Parties in proportion to their shareholding in the JVC.
