Estimated Profit definition
Examples of Estimated Profit in a sentence
For purposes of this Agreement, the parties agree that the Estimated Profit percentage is XX%.
Estimated Profit Tax shall be paid in accordance with Article 12.2(c) or Article 12.2(d)(iii) of this Agreement to the State Budget not later than within twenty five (25) days following the end of the relevant Calendar Quarter.
Estimated Profit Tax shall be paid on or before twenty-five (25) days following the end of the relevant Calendar Quarter and shall be accompanied by a calculation in the form as set out in Article 12.3(a).
If Group reserves 200 rooms, Hotel will have 300 rooms available.] If Group owes Room Block attrition charges, the resold room revenue credit will equal the number of rooms resold times the Hotel’s average daily rate for the applicable day times the Estimated Profit percentage, which amount will be added to the revenue achieved by Group for purposes of calculating the amount of attrition charges due, if any.
The Hotel agrees to reduce any attrition charges owed for sleeping rooms by the Estimated Profit on the revenue received from unused sleeping rooms that are resold by Hotel.
The Hotel shall undertake reasonable efforts to resell any unused rooms and shall credit the Estimated Profit on those sales against any attrition fees.
For the avoidance of doubt, in such event, the good faith estimate of the Estimated Profit Transfer Amount or the Estimated Loss Transfer Amount, as the case may be, to be set forth in the Closing Statement pursuant to Section 7.15(b)(i) shall also reflect the estimated Profit Compensation (plus applicable interest) or Loss Compensation (plus applicable interest) for such prior financial year.
If the Buyer and ULHL are unable to resolve any comments with respect to the ULHL Profit Calculation, any disputes shall be resolved pursuant to Section 3.02(f); provided, that no adjustment shall be made to the ULHL Estimated Profit Statement unless the calculation of the ULHL Estimated Profit Amount by the Buyer is equal to or greater than a 5% increase or decrease, as applicable, from the ULHL Estimated Profit Amount calculated by ULHL in accordance with Section 3.04(a).
The 2011 Estimated Profit comprises the sum of the 2011 Initial Profit Distribution, the 2011 Initial Tax Retention and the 2011 Deferred Profit Distribution.
Seller shall be entitled to take all measures expedient to ensure that the Controlled Entity has sufficient liquidity for payment of the Estimated Profit Transfer Amounts when due, including by providing respective funds by way of a shareholder loan.