Profit Guarantee definition

Profit Guarantee. Refers to the profit guarantee made by the seller to the buyer according to Article 6 of this agreement on the audited consolidated after-tax net profit of the target group;
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Profit Guarantee has the meaning given to it in Clause 9.2;
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Profit Guarantee means the guarantee made by the Transferors and Xx. Xxxx to Transferee that the Company will deliver a profit after tax (audited) according to Clause 5.2.2 hereof.
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Examples of Profit Guarantee in a sentence

  • Variance from Profit Forecast and Profit Guarantee This is not applicable to the Group.

  • Variance of Actual Profit from Profit Forecast or Profit Guarantee Not applicable as there was no profit forecast or profit guarantee issued.

  • While the Board has taken reasonable steps to assess the achievability of the Profit Guarantee, there can be no assurance that the Profit Guarantee will be met.

  • The balance of the shortfall in the Profit Guarantee after deducting the proceeds received from the disposal of the Security Shares is approximately RM18.83 million (“Shortfall”).

  • Profit Forecast or Profit Guarantee Not applicable as there was no profit forecast or profit guarantee issued by the Group.

  • Profit Forecast or Profit Guarantee The Group did not issue any profit forecast or profit guarantee during the current financial quarter under review.

  • Profit Forecast or Profit Guarantee The Group has not provided any quarterly profit forecast for the period under review.

  • If there was any event of force majeure relating to natural disasters including flooding which might materially and adversely affect the achievement of the Profit Guarantee, subject to the approval of SZ Boton, the Profit Guarantee in the relevant financial year should be achieved in the subsequent financial year and the Relevant Period shall be extended accordingly.

  • In the event that the Profit is less than the Profit Guarantee, the Series B Convertible Bonds shall be released to the Vendors or their nominees in the principal amount as adjusted in accordance with the formula set out in the paragraph headed ‘‘Profit Guarantee and Adjustment to the Consideration’’ below.

  • Profit Guarantee During the financial year, there were no profit guarantees given by the Company.


More Definitions of Profit Guarantee

Profit Guarantee means the several guarantees given by Vendors
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Profit Guarantee the amount of profit guaranteed by the Sellers to the Purchaser, being RMB7.17 million, pursuant to the Equity Transfer Agreement
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Profit Guarantee the guarantee given by the Vendor to the Company that subject to the terms of the Agreement, the Net Profit for the financial years ending 31 December 2016 and 31 December 2017 shall be not less than RMB15 million and RMB18 million respectively “Property Services Framework Agreement” the framework agreement dated 7 November 2016 entered into between the Target Company and the Vendor in relation to the Continuing Connected Transaction “Purchaser” Starry Chance Limited (寶星有限公司), a limited liability company established in Hong Kong and an indirect wholly owned subsidiary of the Company “RMB” Renminbi, the lawful currency of the PRC “Sale Shares” 100% equity interest of the Target Company
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Profit Guarantee the guarantee given by the Vendor to the Company that the 2017 EBITDA shall be not less than RMB30,000,000 ‘‘RMB’’ Renminbi, the lawful currency in the PRC “Sale Loan” the debt, loan or liability due from the Target Company to the Vendor (if any) as at the Completion Date ‘‘Sale Shares’’ 100 shares of US$1.00 each in the share capital of the Target Company, representing the entire issued share capital of the Target Company as at the date of the S&P Agreement ‘‘SGM’’ the special general meeting of the Company to be convened and held to consider and approve, among other things, the Acquisition and the transactions contemplated under the S&P Agreement ‘‘Share(s)’’ ordinary share(s) of HK$0.07 each in the share capital of the Company ‘‘Shareholder(s)’’ holder(s) of Share(s) ‘‘Stock Exchange’’ The Stock Exchange of Hong Kong Limited “Subscription Shares” up to 1,135,000,000 new Shares (subject to adjustment) to be allotted and issued by the Company upon the exercise by Ping Da Development of the subscription rights attached to the Warrants ‘‘S&P Agreement’’ the sale and purchase agreement in relation to the Acquisition dated 5 September 2014 (after trading hours) entered into between the Vendor and the Company ‘‘Target Company’’ True Vanguard Holdings Limited ( 忠 鋒 控 股 有 限 公 司 ), a company incorporated in the BVI with limited liability, which is wholly owned by the Vendor as at the date of the S&P Agreement ‘‘Target Group’’ comprising the Target Company, Beijing Xxxxx Xxxx, Xxxxxxx Xxxx Xx and Xxxxxxx Xxx Xx Xx as at the date of the S&P Agreement ‘‘Tianjin Hong Fu’’ Tianjin Hong Fu Pharmaceutical Limited* ( 天 津 洪 福 藥 業 有 限 公 司 ), a domestic enterprise established in the PRC, which is wholly owned by Beijing Xxxxx Xxxx ‘‘Xxxxxxx Xxx Xx Xx’’ Xxxxxxx Xxx Xx De Biotechnology Limited* ( 天 津 市 雲 澤 德 生物科技有限公司), a domestic enterprise established in the PRC, which is wholly owned by Beijing Xxxxx Xxxx ‘‘US$’’ United States dollars, the lawful currency in the United States of America “Vendor” Dr. Xx Xxxxxxx, the chairman of the Board, an executive Director and a Shareholder “Warrant(s)” the 1,135,000,000 unlisted warrant(s) issued by the Company to Ping Da Development on 31 July 2013 ‘‘%’’ per cent. * If there is any inconsistency between the Chinese names of PRC entities, departments, facilities or titles mentioned in this announcement and their English translations, the Chinese version shall prevail. By order of the Board Chinese People Holdings Company Limited Jin Son...
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Related to Profit Guarantee

  • Parent Guarantee means the guarantee provided by the Parent Guarantor for purposes of financial reporting.

  • Performance Guarantee means the security to be provided by the Contractor in accordance with Sub Clause 10.1 for the due performance of the Contract.

  • Board of Education means the Board of Education of the District.

  • Relevant Governmental Body means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.

  • Reinsurance Agreement means any agreement, contract, treaty or other arrangement whereby one or more insurers, as reinsurers, assume liabilities under insurance policies or agreements issued by another insurance or reinsurance company or companies.

  • Subsidiary Guarantee means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Subsidiary Guarantor in accordance with the provisions of this Indenture.

  • Service Guarantee means any payment or other benefit that one party provides to the other party when it fails to meet a Service Standard for which a guarantee payment is provided should that Service Standard not be met;

  • Nonprofit entity means any entity organized and operated exclusively for charitable purposes, or operated by the Federal Government, the State, or any political subdivision of the State.

  • Bid guarantee means the bid bond, cashier's check or certified check submitted as part of the bid proposal, payable to the contracting unit, ensuring that the successful bidder will enter into a contract.

  • State Board of Education means and refers to the Board that exercises general control and supervision over the public schools of the State of Alabama as constituted and authorized by ALA. CODE § 16-3-1, et seq. (1975).

  • Local governmental entity means a county, municipality, school district, junior college district, or other political subdivision of this state or a local government corporation, board, commission, district, or authority to which a member is appointed by the commissioners court of a county, the mayor of a municipality, or the governing body of a municipality. The term does not include an association, corporation, or organization of governmental entities organized to provide to its members education, assistance, products, or services or to represent its members before the legislative, administrative, or judicial branches of the state or federal government.

  • Local government entity means a county, incorporated city, independent school district, public junior college district, emergency services district, other special district, joint board, or other entity defined as a political subdivision under Texas law that maintains the capability to provide mutual aid.

  • Subsidiary Guarantee Agreement means the subsidiary guarantee agreement contained in Section 23 (and any and all supplements or joinders thereto) and executed by each Subsidiary Guarantor, as amended, restated, supplemented or otherwise modified from time to time.

  • Financial guarantee means a performance bond, maintenance bond, surety bond, irrevocable letter of credit, or similar guarantees submitted to the [administering authority] by the responsible party to assure that requirements of the ordinance are carried out in compliance with the storm water management plan.

  • Joint Commission means the accrediting body whose standards are referred to in these Bylaws.

  • EMA means the European Medicines Agency or any successor agency thereto.

  • Local Mental Health Authority means a county legislative body.

  • Insurance Subsidiary means any Subsidiary that is licensed by any Applicable Insurance Regulatory Authority to conduct, and conducts, an Insurance Business.

  • Guarantee Agreements means the Parent Guarantee Agreement and the Subsidiary Guarantee Agreement.

  • Diocesan Board of Education means that body constituted under the Diocesan Boards of Education Measure 1991 for the Diocese and any successor body;

  • Ceding Company has the meaning set forth in the preamble.

  • Federal program means any of the following: