Cumulative Net Profits definition

Cumulative Net Profits means, with respect to any taxable period, the amount, if any, by which Profits, for the current and all prior periods, exceed Losses for all such periods.
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Cumulative Net Profits means the cumulative sum of net profits received and losses incurred by CRB and its Affiliates from the sale by CRB and its Affiliates of the assets included in the specified transactions; provided that the net profits or losses for each such transaction will be calculated on the same basis as net profits and losses are required to be calculated with respect to third-party partners in the applicable transaction, or, if the transaction does not include a third party partner, the gross sale proceeds less the cost of goods, capital invested, sales, use, transfer and similar taxes and expenses directly related to the acquisition and sale of the assets, including carrying costs of any real estate. Company will track all amounts received that are subject to this Section 7.6, and all applicable costs, expenses and disbursements, and within 30 days following Company’s final determination of the Cumulative Net Profits, Company will pay to Executive and Xxxxxxxx Xxxxx, jointly, any amount required by this Section 7.6, and provide a calculation in reasonable detail of Company’s determination of any amount due. For clarity, in calculating Cumulative Net Profits, any negative net profits resulting from any applicable transaction will be offset against any positive net profits resulting from any applicable transaction, provided that if Cumulative Net Profits is an amount below zero, Executive will not be obligated to pay Company any portion of the negative Cumulative Net Profits.
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Cumulative Net Profits means, with respect to any Member for any period, ---------------------- the excess (if any) of the cumulative Profits allocated to such Member during such period pursuant to Sections 5.3(a)(iv)-(v) over the cumulative Losses ----------------------- allocated to such Member during such period pursuant to Section 5.3(b), in each -------------- case taking into account only those items necessary to compute the regular federal taxable income or loss of such Member for such period.
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Examples of Cumulative Net Profits in a sentence

  • A bonus of $250,000 shall be payable with respect to the first fiscal year in which Cumulative Net Profits exceed $1,000,000.

  • In the event that the Preferred Stock ceases to be outstanding at a time prior to the end of a fiscal year of Parker Reorder, Cumulative Net Profits and, consequently, the Participating Dividend, shall be computed as of the end of the most recently completed fiscal quarter of Parker Reorder and shall be paid within ninety (90) days after the Preferred Stock ceases to be outstanding.

  • For clarity, in calculating Cumulative Net Profits, any negative net profits resulting from any applicable transaction will be offset against any positive net profits resulting from any applicable transaction, provided that if Cumulative Net Profits is an amount below zero, Executive will not be obligated to pay Company any portion of the negative Cumulative Net Profits.

  • Any other transaction involving the Exception Assets will be included in the calculation of Cumulative Net Profits for purposes of Section 7.6.

  • For purposes of calculating Cumulative Net Profits, expenses allocated to Parker Reorder for goods or services provided by any affiliate of the Company shall not exceed the sum Parker Reorder would have paid for such goods or services to an unaffiliated third party.

  • For purposes of Section 7.6, the Exception Transaction will be excluded from the calculation of Cumulative Net Profits if either: (i) a sale of the Exception Assets to Executive or his assignee is consummated pursuant to Section 7.6.1(a), or (ii) Company declines to accept an effective Election Notice pursuant to Section 7.6.1(a) .

  • Chart 3.1: Petroleum Industry Asset Value and Cumulative Net Profits ($ million) Source: APPEA Annual Financial Survey The petroleum industry is at the forefront of globalisation.

  • As soon as practicable following the close of each taxable period, the Company shall, to the extent it has Available Cash therefor, distribute to each Member the excess, if any, of (i) the product of (A) the Cumulative Net Profits allocated to such Member, multiplied by (B) the highest marginal federal ordinary income tax rate applicable to corporations, over (ii) the amount of any distributions previously made pursuant to Section 5.6(b) and this Section 5.6(c) to such Member.

  • Start balances less than $100,000 = 12.50%$100,000 to $500,000 = 10.00%Greater than $500,000 = 7.50% Cumulative Net Profits is defined as the Account’s total realized and unrealized trading gains less commissions and incentive fees, less total realized and unrealized trading losses from the date of the initial deposit or previous quarterly high.

  • Following the execution of this Agreement, Company will pay to Executive and Xxxxxxxx Xxxxx, jointly, an amount equal to the percentage specified on Schedule 7.6 multiplied by the Cumulative Net Profits (defined below) from the transactions identified on Schedule 7.6. Executive will remain actively involved in these transactions and assist Company and its Affiliates to complete such transactions, in each case as reasonably requested by Company.

Related to Cumulative Net Profits

  • Cumulative Net Income means, in respect of any Performance Period, the aggregate cumulative amount of the Adjusted Net Income for the calendar or other fiscal years of the Company during such Performance Period.

  • Cumulative Net Losses means, as of any date of determination, the aggregate cumulative principal amount of all Receivables that have become Liquidated Receivables since the Initial Cutoff Date, net of all Net Liquidation Proceeds and Recoveries with respect to such Receivables as of last day of the most recently ended Collection Period.

  • Cumulative Net Loss Ratio means, as of any Payment Date, the ratio (expressed as a percentage) of (i) the aggregate Principal Balance of Receivables that became Defaulted Receivables plus all the Cram Down Losses (without duplication) which occurred during the period from the Cut-Off Date through the end of the related Collection Period reduced by the amount of Liquidation Proceeds with respect to Defaulted Receivables received during such period which are applied to principal of the Defaulted Receivables to (ii) the Pool Balance as of the Cut-Off Date.

  • Cumulative Interest Expense means, in respect of any Restricted Payment, the sum of the aggregate amount of Consolidated Interest Expense of the Issuer and the Restricted Subsidiaries for the period from and after January 1, 2005 to the end of the Issuer’s most recently ended fiscal quarter for which internal financial statements are available and immediately preceding the proposed Restricted Payment.

  • Cumulative Net Realized Tax Benefit for a Taxable Year means the cumulative amount of Realized Tax Benefits for all Taxable Years of the Corporate Taxpayer, up to and including such Taxable Year, net of the cumulative amount of Realized Tax Detriments for the same period. The Realized Tax Benefit and Realized Tax Detriment for each Taxable Year shall be determined based on the most recent Tax Benefit Schedule or Amended Schedule, if any, in existence at the time of such determination.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Net Profits and “Net Losses” for any Fiscal Year or other period shall mean, respectively, an amount equal to the Company’s taxable income or loss for such Fiscal Year or other period as determined for federal income tax purposes by the Managing Member, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), adjusted as follows:

  • Cumulative Consolidated Net Income means, for any period, Consolidated Net Income for such period, taken as a single accounting period. Cumulative Consolidated Net Income may be a positive or negative amount.

  • Net Profit means such profit as is calculated in accordance with paragraph 61;

  • Cumulative impact means the potential impact on the promotion of the licensing objectives of a significant number of licensed premises concentrated in one area. The cumulative impact of licensed premises on the promotion of the licensing objectives is a proper matter for a licensing authority to consider in developing its licensing policy statement and when determining applications under the Act.

  • Gross Profits means the gross profits calculated under section 4;

  • Cumulative Compounded RFR Rate means, in relation to a Loan (or any part of it) accruing interest at the Compounded Reference Rate, the percentage rate per annum determined by the Facility Agent in accordance with the methodology set out in Schedule 15C (Cumulative Compounded RFR Rate) or in any relevant Compounding Methodology Supplement.

  • Cumulative Excess Cash Flow means the sum of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December 31, 2013 and Excess Cash Flow for each succeeding completed fiscal year.

  • Net Losses means, for each fiscal year or other period, an amount equal to the Partnership's taxable income or loss for such year or period determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments:

  • Aggregate Net Losses means, with respect to a Collection Period, an amount equal to the aggregate Principal Balance of all Receivables that became Defaulted Receivables during such Collection Period minus all Net Liquidation Proceeds collected during such Collection Period with respect to all Defaulted Receivables.

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

  • Net Income or Net Loss means, for each Fiscal Year or other applicable period, an amount equal to the Partnership’s taxable income or loss for such year or period, as determined for federal income tax purposes, determined by the Accountants in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Section 703(a) of the Code shall be included in taxable income or loss), with the following adjustments:

  • Net Profits Interest means a non-operating interest that creates a share in gross production from another (operating or non-operating) interest in oil and natural gas properties. The share is determined by net profits from the sale of production and customarily provides for the deduction of capital and operating costs from the proceeds of the sale of production. The owner of a net profits interest is customarily liable for the payment of capital and operating costs only to the extent that revenue is sufficient to pay such costs but not otherwise.

  • Cumulative Retained Excess Cash Flow Amount means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for all Excess Cash Flow Periods ending after the Closing Date and prior to such date.

  • Cumulative Realized Losses As of any date of determination, the aggregate amount of Realized Losses with respect to the Mortgage Loans.

  • Net earnings available for fixed charges means net income after deducting operating and maintenance expenses, taxes other than federal and state income taxes, depreciation, and depletion, but excluding extraordinary expenses appearing in the regular financial statements of the system.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Cumulative Loss Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is the aggregate amount of Realized Losses incurred from the Cut-off Date to the last day of the calendar month preceding the month in which such Distribution Date occurs and the denominator of which is the Cut-off Date Pool Principal Balance of the Mortgage Loans.

  • Net After-Tax Benefit means the Present Value of a Payment net of all federal state and local income, employment and excise taxes imposed on Executive with respect thereto, determined by applying the highest marginal rate(s) applicable to an individual for Executive’s taxable year in which the Change in Control occurs.

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.