Distributable Profit definition

Distributable Profit means the profits of the Company for the year, for which dividend is being declared, arrived at after providing for depreciation and/or the profits of the Company for any previous financial years arrived at after providing for depreciation;

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Distributable Profit means, in respect of a period for which it falls to be calculated, the net profit of the Issuer for such period, as reported in the Issuer’s most recently prepared management accounts, after adding back all interest expense accrued in respect of Qualifying Shareholder Loans during such period;

Distributable Profit means, in respect of a Return Period, the amount by which Portfolio Revenues (which are not required to be re-invested pursuant to the Investment Management Agreement) exceed Portfolio Liabilities.

Examples of Distributable Profit in a sentence

• For the avoidance of doubt, Distributable Profit shall include neither (i) the proceeds of an Initial Sale (as that term is defined in Section 6(a) of this Exhibit B) nor (ii) any profits or losses arising from the fair value adjustment of INX Token and derivative liabilities.

• For the avoidance of doubt, Distributable Profit shall include neither (i) the proceeds of an Initial Sale (as that term is defined in Section 5(b) of this Exhibit B) nor (ii) any profits or losses arising from the fair value adjustment of INX Token and derivative liabilities.

• If a Party fails to perform at least [***] of the aggregate minimum required PDEs for Product for the then-current Calendar Quarter, then the other Party shall be entitled to a credit equal to the difference between [***] of the minimum required PDEs and the actual PDEs performed, such number of PDEs then multiplied by [***], which shall be credited to the other Party’s share of Distributable Profit or Distributable Loss.

• All recoveries, lump-sum settlements, royalty payments or other consideration received by the Parties as a result of any such litigation or settlement of any infringement (directed by either Party) shall be deemed to be Net Sales included in the calculation of Distributable Profit and shared as set forth in Section 8.3.

• Subject to Sections 9.3.1, 9.3.2 and 9.3.3 below, Cephalon shall receive or pay, as applicable, [**] percent ([**]%) of the Distributable Profit (Loss) for the Products with respect to sales in the Territory, and Alkermes shall receive or pay, as applicable, [**] percent ([**]%) of the Distributable Profit (Loss) for the Products with respect to sales in the Territory, to be calculated and paid in accordance with the reconciliation and payment provisions of Section 9.5.

More Definitions of Distributable Profit

Distributable Profit means the amount equal to Net Sales for the Products in the Field in the Territory in the applicable reporting period less the Shared Expenses, which shall be a Distributable Loss if negative and a Distributable Profit if zero (0) or positive.

Distributable Profit means that profit defined in Section 13 (A) (8) Income Tax Act 1970 and in paragraph 4 (3) of Statutory Document 928/07;

Distributable Profit means the amount equal to (i) Net Sales of Product (if any) during the applicable reporting period, less (ii) Shared Expenses incurred during the applicable reporting period. There shall be a Distributable Loss in a reporting period if subtracting the amount in (ii) from the amount of (i) results in a negative number, and a Distributable Profit if subtracting the amount in (ii) from the amount of (i) equals zero (0) or results in a positive number.

Distributable Profit means in respect of each Calculation Period, the Gross Earning less the Mudaraba Costs.

Distributable Profit or “Profit” means any dividends (whether paid in cash, securities or otherwise) or any other profit declared by the Company for distribution on the Shares.

Distributable Profit means, in respect of a period for which it falls to be calculated, the net profit of the Issuer for such period, as reported in the Issuer’s most recently prepared

Distributable Profit means the sum of the assets less liabilities;