Profit Participation definition

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

Profit Participation means the amount, as customarily determined by the Borrowers or either of them, of all obligations (other than Residuals and Deferred Payments) payable by any MGM/Orion 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/Orion Company, as the case may be, of revenues from the exploitation of such Film or such rights.

Examples of Profit Participation in a sentence

• Payment shall be credited first to Holder’s collection expenses, next to late charges, next to unpaid Profit Participation, then to accrued interest then due and payable and the remainder applied to principal.

• If, at any time it is calculated, the Profit Participation shall be a negative amount, Holder shall not be liable in any way for such amount nor shall there be any reduction in the principal amount of the Note, or accrued interest due hereunder.

• The Profit Participation shall be earned as of the date proceeds are generated.

• Upon conversion of this Note, the Company will be forever released from all of its obligations and liabilities under this Note with regard to that portion of the principal amount and accrued interest being converted including without limitation the obligation to pay such portion of the principal amount, Profit Participation and accrued interest.

• The Share Purchase Plan, along with the Profit Participation Program, allows members to share in the success of the Company and aligns member objectives with our strategic goals.In addition to our capital resources and the talent of our human capital, CGI has established a Management Foundation encompassing governance policies, sophisticated management frameworks and an organizational model for its business units and corporate processes.

More Definitions of Profit Participation

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

Profit Participation means the right of the HUSH Distribution Fund, on the irrevocable direction of and as beneficiary of the Owners, to receive one hundred percent (100%) of the Build-out Value of the Projects upon and subject to Substantial Completion of the Projects in accordance with Section 4.2.

Profit Participation shall, with respect to any Transfer, mean the greater of (i) ten percent (10%) of the Net Profit with respect to such Transfer, or (ii) the Minimum Payment with respect such Transfer; provided however that the Profit Participation for the last Partial Transfer to occur shall not cause the aggregate of all Profit Participation payments to exceed the greater of Eight Million Dollars ($8,000,000) or ten percent (10%) of the Net Profit with respect to all Transfers (calculated based on the aggregate Sale Consideration from all Partial Transfers less aggregate final Project Costs for the entire Project).

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 amount, as customarily determined by the Borrowers or either of them, of all obligations (other than Residuals and Deferred Payments) payable by any MGM/Orion Company 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 any MGM/Orion 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 means contingent compensation in the form of a