Profit Cap definition

Profit Cap means $50 million, unless the conditions to the payment by the Company of the additional $150 million fee under Section 9.5 of the Merger Agreement shall have occurred, in which case "Profit Cap" shall mean $200 million.

Profit Cap means $103,000,000.

Profit Cap means $210 million.

Examples of Profit Cap in a sentence

• For purposes of clarity and not limitation, Owner shall have the right to exam and audit Manager’s books and records in order to verify the accuracy of the Profit Cap, as defined in Section 6.03.

• Notwithstanding anything to the contrary herein, if application of the Adjusted Profit Cap formula below yields a number that is less than zero, Parent may exercise its Repurchase Right as provided in this Section 9, and upon such exercise, Company shall deliver all Option Shares it holds to Parent for cancellation, and neither Company nor Parent shall pay each other any amount in connection with such exercise of the Repurchase Right.

• Parent shall have the right to purchase for cash -------------------- (the "Repurchase Right") all, but not less than all, of the Option Shares then beneficially owned by Company at an aggregate price for all such shares (regardless of the number of such shares) equal to the Adjusted Profit Cap.

• The Company accounted for the Profit Cap and Put Right as a compound embedded derivative, and valued this derivative taking into account the likelihood the derivative would become operable, since both the Profit Cap and the Put Right are contingent upon the acquisition of SST not occurring.

• Additionally, as part of the Second Amendment, the Company agreed that in the event its offer to acquire SST at $3.05 per share was superseded by a superior offer by another party, the Company's profit on the shares, and the termination fee under the agreement would not exceed a threshold (the Profit Cap) established in the Second Amendment .

More Definitions of Profit Cap

Profit Cap means $16 million.

Profit Cap means $23 million.

Profit Cap means $25 million, unless the conditions to the payment by Anadarko of the additional $100 million fee under Section 7.5(b) of the Merger Agreement shall have occurred, in which case "Profit Cap" shall mean $125 million.

Profit Cap means $25 million, unless the conditions to the payment by UPR of the additional $100 million fee under Section 7.5(a) of the Merger Agreement shall have occurred, in which case "Profit Cap" shall mean $125 million.

Profit Cap means $140 million.

Profit Cap means $237 million.

Profit Cap means the difference of (i) the Profit Cap minus (ii) the sum of (A) any Termination Fee received by Parent under Section 7.3(b) of the Merger Agreement plus (B) the proceeds received by Parent for any sales or other dispositions of Option Shares (including pursuant to Company's exercise of its rights to purchase Option Shares under Section 7(a) hereof) or the Option (including pursuant to Parent's exercise to surrender the Option pursuant to Section 9 hereof), and any dividends or distributions received by Parent declared on Option Shares, in each case, through the date of the closing of the repurchase under this Section 10; provided that the Adjusted Profit Cap shall never be less than zero.