Available Profits definition

Available Profits means profits available for distribution within the meaning of part 23 of the Act;

Available Profits means, with respect to any Waived Fee Amount, as of the time of determination, the aggregate amount of Profit, as computed for purposes of maintaining Capital Accounts, realized after the date the Waived Fee Notice relating to such Waived Fee Amount was given, excluding any such Profit attributable to the excesses, if any, of (i) the fair market value (as determined by the General Partner), on the date the Waived Fee Notice relating to such Waived Fee Amount was given, of each asset then held by the Partnership over (ii) the Gross Asset Value of each such asset on such date. The General Partner shall be entitled to irrevocably elect to exclude from Available Profits any item of Profit that would otherwise be included in Available Profits; provided that such election must be made not later than the date for filing the Partnership’s U.S. federal income tax return for the year that includes such item (determined without regard to any extensions).

Available Profits in respect of any financial year means all distributable profits after having sufficient tax franking credit and the appropriation of prudent and proper reserves, taking into account the cash flow requirements and expenditure requirements. In order to facilitate the payment of dividends by MAT, the Shareholders agree that they shall exercise their voting rights as shareholders of MAT to procure that ANST may declare a dividend in each financial year of an amount which is reasonable after taking into account the tax franking credits of ANST and the appropriation of prudent and proper reserves, taking into account the cash flow and expenditure requirements, but in any event, not more than ten per cent. (10%) of the distributable profits of ANST, unless otherwise agreed in writing by Wuxi CRM and SCL.

Examples of Available Profits in a sentence

• If in respect of any financial year all accrued dividends have been paid and there remain Available Profits, the Board may determine to distribute the remaining Available Profits to the holders of the Ordinary Shares pro rata to their holding of Ordinary Shares.

• The companies that quoted supplied tipping body fabrication quotes from Shermac Engineering (Dalwallinu), Bengineering (Mundaring) and Howard Porter (Spearwood) with some quotingcompanies supplying two or more tipping body fabrication quotes.

• Articles: means the Company's articles of association for the time being in force; Available Profits: the profits available for distribution within the meaning of Part 23 of the Act.

• Subject to the determination of the Directors, in their absolute discretion, that there are available profits of the Company for distribution by way of dividends (the “Available Profits”) and the approval of the Shareholders for a declaration of a distribution of dividends in respect of such Available Profits, the holders of Preference Shares (collectively the “Holders, and each a “Holder”) shall be entitled to receive one hundred percent (100%) of all such Available Profits (“Preference Dividends”).

• McLellan negotiated an agreement for Defendant to lease the Property from Plaintiff.

More Definitions of Available Profits

Available Profits means profits available for distribution by the Company within the meaning of article 2:216 of the DCC;

Available Profits means profits of the Company available for distribution as the directors may declare;

Available Profits means the profits available for distribution within the meaning of section 117 and Chapter 6 of Part 17 of the Act;

Available Profits has the meaning given in Clause 20.1;

Available Profits in respect of any financial year means all distributable profits after having sufficient tax franking credit and the appropriation of prudent and proper reserves, taking into account the cash flow requirements and expenditure requirements provided that no dividend shall be declared and paid unless the Directors determine that immediately after the payment of the dividend the Company will be able to satisfy its liabilities as they become due in the ordinary course of its business and the realisable value of the assets of the Company will not be less than the sum of its total liabilities, other than deferred taxes, as shown in its books of account, and its capital. In the absence of fraud, the decision of the directors as to the realisable value of the assets of the Company is conclusive, unless a question of law is involved.

Available Profits means profits available for distribution within the meaning of Part IX of the 2014 Act (where Part IX of the 2014 Act which applies to public companies shall be deemed to apply to the Company);

Available Profits means profits available to the Company for distribution to its Members (whether in cash or otherwise).