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

• 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”).

• Available Profits This definition refers to profits available for distribution within the meaning of part 23 of the Act, which defines profits available for distribution (briefly) as a company’s accumulated realised profits (so far as not already utilised) less its accumulated realised losses (so far as not previously written off).

• At the end of each calendar quarter, the Members Committee shall determine if there is any Available Profits at such time.

• Any Preference Dividend which is not paid on the due date as aforesaid shall be paid as soon as the Company has sufficient Available Profits and shall be paid in one or more instalments.

• After the final distribution of the assets of the Company among the Members as provided in Section 9.2, each current and former holder of Class C Units shall be obligated to repay to the Company the excess, if any, of (a) the Distributions received by such holder from the Company in respect of Class C Units currently or previously held by such holder, over (b) the Available Profits with respect to such Class C Units.

More Definitions of Available Profits

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

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

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 of the Society as of any date means all cash funds of the Society on hand as of such date from all sources, including without limitation, gross cash receipts derived from operations of the Society, gross cash receipts derived from the sale or other disposition, financing, refinancing or liquidation of Society property (including, without limitation, insurance proceeds and proceeds from a taking of Society property by compulsory acquisition, nationalization or otherwise reduced by: (a) all Society Costs and Expenses that are due and payable as of such date and/or that are expected to become due and payable in the next sixty (60) days; (b) provision for adequate reserves (working capital and/or capital), with the amount of such reserves to be determined by the Members Committee in its reasonable discretion; and (c) costs that are anticipated to be paid from Development Loan proceeds and/or from Capital Contributions already received that are not included in subparagraphs (a) or (b) above.

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 the means profits lawfully available for distribution in accordance with the UK Companies Act 2006.

Available Profits means the net income or earnings after interest tax depreciation and amortization of the Company in each financial year of the Company calculated in accordance with GAAP available for distribution to the Company’s shareholders to the extent permitted by the Companies Law governing distributions to shareholders.