Profit Interest definition

Profit Interest has the meaning set forth in Section 3.5(b) hereof.

Profit Interest means the interest in Investor LLC designated as such in the Investor LLC Agreement, having the rights and preferences set forth therein.

Profit Interest means, as to a Member, the applicable percentage set forth after the Member’s name on Exhibit A, as amended from time to time.

Examples of Profit Interest in a sentence

• APPENDIX D Example Illustrating Application of Section 7.3 On date 1, Founder A contributes $5,000 to LLC for 00 Xxxxxx Xxxxx, Xxxxxxx X contributes $5,000 to LLC for 40 Common Units, XXXX enters into a license for 10 Common Units, and 10 Profit Interest Units are issued to Service Provider.

• As a result, after the issuances and adjustments described above, the Capital Account balances and Units of the Members are: Member Capital Account Units Founder A: $36,863.64 40 Common Units Founder B: $36,863.64 40 Common Units XXXX: $18,181.82 20 Common Units Service Provider: $8,090.91 10 Profit Interest Units $100,000 110 Units 1 Consideration will need to be given to Section 4.1 to make certain that it is properly coordinated with respect to particular Convertible Preferred Unit terms.

• If you exceed your transaction limit twice during any five-month period or on more than an occasional basis, we will convert your account to a Commercial Checking account or a Non- Profit Interest Checking account.

• Such Loss or item of loss or deduction will be allocated first among the Members with positive balances in their adjusted Capital Accounts in proportion to (and to the extent of) such positive balances and thereafter in accordance with each Member’s 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.

More Definitions of Profit Interest

Profit Interest means, with respect to any Person, any right --------------- (whether represented by a security or other instrument or Contract) directly or indirectly to participate in the revenues, profits or losses, realized or unrealized gains or liquidation value of, such Person or any Subsidiary, division or business of such Person, but excluding, in each --- --------- case, any Contract for trail payments, commissions, or fee-based compensation entered into in the ordinary course of business of such Person or any Subsidiary, division or business of such Person and any ETA, Equity Interest, or Compensation and Benefit Plan.

Profit Interest means, with respect to any Person, any right (whether represented by a security or other instrument or Contract) directly or indirectly to participate in the revenues, profits or losses, realized or unrealized gains or liquidation value of, such Person or any Subsidiary, division or business of such Person, but excluding, in each case, any Contract for trail payments, commissions, or fee-based compensation entered into in the ordinary course of business of such Person or any Subsidiary, division or business of such Person and any ETA, Equity Interest, or Compensation and Benefit Plan.

Profit Interest means a series of Partnership Interests designated by the General Partner as a Profit Interest. The Profit Interests outstanding are set forth on Exhibit A, as such Exhibit may be amended from time to time.

Profit Interest means the right, title, interest and benefits in and to 100% of Net Operating Profit (as defined in the Profit Interest Agreement) generated by the Seller at the Gaming Room.

Profit Interest means the right, title, interest and benefits in and to 100% of Net Operating Profit (as defined in the Profit Interest Agreement) generated by the Company at the VIP gaming room located at the City of Dreams Macau at Crown Towers, City of Dreams, Exxxxxx xx Xxxxx, Xxxxx, Xxxxx.

Profit Interest means the right, title, interest and benefits in and to 100% of Net Operating Profit (as defined in the Profit Interest Agreement) generated by the Company at the VIP gaming room located at the Venetian Macao-Resort-Hotel at Estrada da Baia de N. Senhora da Esperanca, s/n, Taipa, Macao.

Profit Interest shall have the meaning specified in each applicable Governing Agreement.