Net Profit Interest definition

Net Profit Interest means an interest in the Net Profits of the Company, which consists of a right to receive a proportion of such Net Profits corresponding to the percentage set out in Section 3.11, which payments shall be made to the holder of the Net Profit Interest on a monthly basis (to the extent any Net Profits are payable for such month). For purposes of certainty, a “Net Profit Interest” shall not mean, and shall not be deemed to be, an Interest.
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Net Profit Interest means the royalty which may be payable to a former Participant pursuant to subsection 4.5 calculated and paid in accordance with Schedule "C" hereof;
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Net Profit Interest and “Net Profit Interests” shall have the meaning ascribed to those terms in Section 2.7(a).
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Examples of Net Profit Interest in a sentence

  • Upon such deemed resignation, the resigning Member shall relinquish to the Company its entire Interest, free and clear of liens, encumbrances or contractual obligations, in exchange for the right to receive from the Company a three and one-half percent (3.5%) Net Profit Interest.

  • The Net Profit Interest, if any, shall be calculated by the Company and shall be paid by the Company in the ordinary course of business.

  • EQTX hereby grants to Fastfunds a Net Profit Interest in the amount of Ten Percent (10%) of the net profit derived from operations of Hydrogen Power, Inc., for the period during which the Note is outstanding.

  • EQTX has agreed as partial consideration for the Loan to grant to Fastfunds a Ten Percent (10%) Net Profit Interest in income derived from the operations of Hydrogen Power, Inc.

  • Borrower shall not deposit intothe Designated Account any funds other than the proceeds of the Net Profit Interest.

  • As such, Investors in the Subsequent Ten Well Program will pay 100% of Bandolier’s share of the cost to drill and complete said w▇▇▇▇ in order to earn a Net Profit Interest based upon 75% of Bandolier’s working interest therein.

  • Seller agrees to a buyout by the Buyer of its Net Profit Interest at fair market value (FMV) for its pro-rated share (i.e. FMV of 100% = $20m, $20m x 10% = $2m buyout).

  • In the event any such consent cannot be obtained, the Parties shall appoint a Third Party reasonably satisfactory to all Parties to verify on behalf of the Seller that the calculation of the applicable Exploration Success Payment or Net Profit Interest is in accordance with this Agreement.

  • The references herein to securities laws shall not be deemed an admission by any party that an interest in Net Profit Interest or in the Agreement constitute a security.

  • Notwithstanding anything to the contrary, the Net Profit Interest payable to any Investor shall be proportionately reduced by any conversion of the Series A Preferred Stock by such Investor.


More Definitions of Net Profit Interest

Net Profit Interest means an interest in an oil and gas property consisting of a share of profits after the recovery of the costs of development and production;
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Net Profit Interest or "NPI" shall be calculated by deducting from the Gross Revenue (as defined below) realized (or deemed to be realized), such costs and expenses attributable to Exploration, Development, Mining, the marketing of Products and other Operations as would be deductible under generally accepted accounting principles and practices consistently applied, including without limitation:
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Net Profit Interest means 75% of the net profit received by Bandolier on the new Osage Drilling Program, after taking into account lease operating expenses, royalty payments and other expenses related to the 10 w▇▇▇▇ in the Osage Drilling Program.
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Net Profit Interest and “NPI” means, with respect to each of the Properties, a net profits interest equal to ten percent (10%), all in accordance with the terms of Section 8.7 and of the NPI Conveyance.
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Net Profit Interest means the royalty which may be payable to a former Participant pursuant to subsection 4.3 calculated and paid in accordance with Schedule “C” hereof;
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Net Profit Interest as of the date of this Agreement means (a) as to RRI, sixty percent (60%), and (b) as to JHSC, forty percent (40%).
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Related to Net Profit Interest

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • 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.

  • 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:

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

  • Net Interest means interest earned on a prearranged

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