Net Profit Margin definition
Examples of Net Profit Margin in a sentence
Exhibit B, attached hereto and made a part hereof, sets forth the method of calculation of HMRI Net Profit Margin Share.
Such figure shall be calculated prior to any returns (full or partial) in the event of a refund executed by the Company or in the event of a chargeback executed by the merchant processor; Profitability shall mean Net Income (as defined by GAAP) greater than $0.00 for any fiscal quarter; and Net Profit Margin shall mean the percent result of profit over sales as represented by the following formula: Net Income (as defined by GAAP) divided by Net Sales (as defined by GAAP).
The Gross Profit Margin and Net Profit Margin shall be subject to review and adjustment by Administrative Agent and upon Administrative Agent’s approval (subject to the limitations on the minimum Gross Profit Margin and Net Profit Margin in Sections 7.13(f) and 7.13(g)) shall be the applicable Gross Profit Margin and Net Profit Margin for purposes of the financial covenants in Sections 7.13(f) and 7.13(g).
On or before March 31 of each Fiscal Year, Borrower shall provide projections and budgets of Parent for such Fiscal Year, which shall be in form and content satisfactory to Administrative Agent and shall include Parent’s projections of the Gross Profit Margin and Net Profit Margin for such Fiscal Year.
In consideration of these technical assistance services, HMRI shall receive a royalty of 20% of the COPLEY Net Profit Margin (as def▇▇▇▇ ▇n Section 1.7 herein) with respect to sales by COPLEY of any COPLEY Product for ▇ ▇▇▇▇od of te▇ (▇▇) years from the date of first commercial sale of such COPLEY Product.