Examples of Gross Profit Amount in a sentence
An accumulated tier 1 surplus royalty gross profit amount ("Accumulated Tier 1 Surplus Royalty Gross Profit Amount") shall be calculated for an Exploitation Licence as the sum of (1) an amount for the year corresponding to the Annual Profit Calculation Basis determined according to section 12.15 for the surplus royalty payable under the Exploitation Licence according to section 12.13(a) and (2) the accumulated balance at the beginning of the year of equivalent amounts for the preceding years.
An accumulated tier 2 surplus royalty gross profit amount ("Accumulated Tier 2 Surplus Royalty Gross Profit Amount") shall be calculated for an Exploitation Licence as the sum of (1) an amount for the year corresponding to the Annual Profit Calculation Basis determined according to section 12.15 for the surplus royalty payable under the Exploitation Licence according to section 12.13(b) and (2) the accumulated balance at the beginning of the year of equivalent amounts for the preceding years.
An accumulated tier 3 surplus royalty gross profit amount ("Accumulated Tier 3 Surplus Royalty Gross Profit Amount") shall be calculated for an Exploitation Licence as the sum of (1) an amount for the year corresponding to the Annual Profit Calculation Basis determined according to section 12.15 for the surplus royalty payable under the Exploitation Licence according to section 12.13(c) and (2) the accumulated balance at the beginning of the year of equivalent amounts for the preceding years.
A percentage rate ("Tier 1 Accumulated Percentage") shall be calculated as the Accumulated Tier 1 Surplus Royalty Gross Profit Amount multiplied by 100 and divided by the Accumulated Surplus Royalty Turn-over Amount, both as defined in this section 12.16.
A percentage rate ("Tier 3 Accumulated Percentage") shall be calculated as the Accumulated Tier 3 Surplus Royalty Gross Profit Amount, as defined in this section 12.17 multiplied by 100 and divided by the Accumulated Surplus Royalty Turn-over Amount, as defined in section 12.16.
A percentage rate ("Tier 2 Accumulated Percentage") shall be calculated as the Accumulated Tier 2 Surplus Royalty Gross Profit Amount, as defined in this section 12.16 multiplied by 100 and divided by the Accumulated Surplus Royalty Turn-over Amount, as defined in section 12.16.
If the Gross Profit for the fiscal year ended December 31, 2018, as finally determined pursuant to this Section 2.4(b)(ii), is equal to or in excess of the Target Gross Profit Amount, then, within ten (10) days following the date of final determination hereunder, Purchaser shall pay, by wire transfer of immediately available funds to the account(s) designated in writing by the Sellers, the Gross Profit Earnout Amount, allocated between the Sellers in proportion to their Percentage Interests.
A percentage rate ("Tier 3 Accumulated Percentage") shall be calculated as the Accumulated Tier 3 Surplus Royalty Gross Profit Amount, as defined in this section 12.178 multiplied by 100 and divided by the Accumulated Surplus Royalty Turn-over Amount, as defined in section 12.16.
An accumulated tier 2 surplus royalty gross profit amount ("Accumulated Tier 2 Surplus Royalty Gross Profit Amount") shall be calculated for an Exploitation Licence as the sum of (1) an amount for the year corresponding to the Annual Profit Calculation Basis determined according to section 11.19 for the surplus royalty payable under the Exploitation Licence according to section 11.17(b) and (2) the accumulated balance at the beginning of the year of equivalent amounts for the preceding years.
A percentage rate ("Tier 1 Accumulated Percentage") shall be calculated as the Accumulated Tier 1 Surplus Royalty Gross Profit Amount multiplied by 100 and divided by the Accumulated Surplus Royalty Turn-over Amount, both as defined in this section 11.20.