Profit Participation definition

Profit Participation means the Partner's proportionate share of Net Income, expressed as a percentage, in a gain year adjusted pursuant to Section 6.2.

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Profit Participation means a portion of Profits equal to the amount designated in Schedule A6 of Schedule A. “Profits” shall be defined and calculated as follows:

Profit Participation means the amount, as customarily determined by the Borrower, of all obligations (other than Residuals and Deferred Payments) payable by the Borrower and/or its Subsidiaries as compensation for talent or to producers and for similar services in connection with the development, acquisition, production, financing, distribution, exhibition or exploitation of Films or rights with respect thereto, the payment of which is contingent upon or triggered by and payable only to the extent of the receipt by the Borrower or any Subsidiary, as the case may be, of revenues from the exploitation of such Film or such rights.

Examples of Profit Participation in a sentence

• In addition, the Company shall distribute to each Profit Participation Member from such Member’s Profit Participation Capital Account as promptly as practicable after the end of each fiscal year an amount equal to the excess, if any, of such Profit Participation Member’s Proportionate Tax Share for such fiscal year over the aggregate amount of Quarterly Profit Participation Tax Distributions made to such Profit Participation Member with respect to such fiscal year.

• The aggregate of all Profit Participation Percentages shall total 100%.

• Upon termination of the Profit Participation Interests, all Profit Participation Interests shall immediately cease to be outstanding and shall no longer be allocable by the Company, and such termination shall have the effects set forth in Section 4.04(b)(ii).

• No Profit Participation Member may Transfer or agree or otherwise commit to Transfer all or any portion of, or any of its rights, title and interest in and to, its Profit Participation Interest.

• The Profit Participation will be determined annually after the Company’s financial results are audited and, when and if declared, will be announced on March 31 and paid on May 15.

More Definitions of Profit Participation

Profit Participation has the meaning assigned in Section 7(b).

Profit Participation means the rights under that certain Profits Participation Agreement (After Termination of GECC Agreement), dated May 31, 1993, between Fort Austin Limited Partnership and Thom▇▇ ▇. ▇▇▇▇▇, ▇▇.

Profit Participation means the amount, as customarily determined by the Borrower, of all obligations (other than Residuals and Deferred Payments) payable by any MGM Company as compensation for talent, financiers or to producers and for similar services in connection with the development, acquisition, production, financing, distribution, exhibition or exploitation of Films or rights with respect thereto, the payment of which is contingent upon or triggered by and payable only to the extent of the receipt by any MGM Company, as the case may be, of revenues from the exploitation of such Film or such rights.

Profit Participation means fifty percent (50%) of the profits received by the Company from each new subscriber of the Company when the new subscriber subscribes to the Company’s services through one of Virenta’s marketing programs or through one of the Strategic Partners introduced to the Company by Virenta when the Company’s Net Profit after all costs and commissions is in excess of twenty-five (25%).

Profit Participation with respect to a Consulting Agreement, the sum of d, e, and f where- "d" equals 1.50% of the Sales Revenue (as defined in the Southern Highlands I Operating Agreement) or Contract Price, as the case may be, of units that are part of Southern Highlands I or II, "e" equals 1.66% of the Sales Revenue (as defined in the Bellacere Operating Agreement) or Contract Price, as the case may be, of units that are part of Bellacere, and "f" equals 1.5% of the Sales Revenue (as defined in the L.L.V. 724 Operating Agreement) or Contract Price, as the case may be, of units that are part of L.L.V. 724, LLC. In calculating the respective component of Profit Participation, Sales Revenue will be used for those units that have been sold and delivered prior to or on the Closing Date, and Contract Price will be used for those units for which a Purchase Agreement has been executed prior to the Closing Date but the unit has not been closed as of the Closing Date.

Profit Participation means Fifty Percent (50%) of the Net Income earned by Maker from the construction and sale of the Homes and related assets, and the provisions of services, in the Development. The Profit Participation may be reduced pursuant to Paragraph 2(c) hereof.

Profit Participation means the sums payable to City under Section 8.1.2 below (excluding any appraisal costs described therein).