Profit Participation Percentage definition

Profit Participation Percentage means, with respect to any Accounting Period, (1) the profit percentage of a Profit Participation Member under the terms of this Agreement for such Accounting Period determined in accordance with Section 4.03, or (2) the profit percentage constituting the Unallocated Float.

Profit Participation Percentage means, with respect to any Accounting Period, (i) the profit percentage of a Profit Participation Member under the terms of this Agreement for such Accounting Period determined in accordance with Section 4.03, or (ii) the profit percentage constituting the Unallocated Float.

Profit Participation Percentage means (i) 10% for Incentive Profits with respect to an Applicable Portfolio up to and including the First Threshold of Incentive Profits; (ii) 20% for Incentive Profits with respect to an Applicable Portfolio in excess of the First Threshold of Incentive Profits but less than or equal to the Second Threshold of Incentive Profits; and (iii) 30% for Incentive Profits with respect to an Applicable Portfolio in excess of the Second Threshold of Incentive Profits.

Examples of Profit Participation Percentage in a sentence

• The Profit Participation Percentages allocated to each of the Profit Participation Members and the Profit Participation Percentage contained in the Unallocated Float are set forth on Schedule 4.01.

• Upon the Retirement of a Profit Participation Member, the Profit Participation Percentage associated with such Member’s Profit Participation Interest shall cease to be allocated and become part of the Unallocated Float.

• The Profit Participation Percentages allocated to each of the Profit Participation Members and the Profit Participation Percentage contained in the Unallocated Float are set forth on Schedule 4.03.

• In order to obtain an accurate chloride contents for quantitative approach after wet curing, total chlorides analysis was conducted for all the concrete specimens with different amounts of added sodium chloride and water to cement ratios using potentiometric titration method described in ASTM C1152/C1152M-12.

• In the event that the Profit Participation Percentage of a Profit Participation Member changes during any fiscal year, fiscal quarter or other period, the Profit Participation Member’s Proportionate Tax Share of such Profit Participation Member and the other Profit Participation Members, as the case may be, for such fiscal year, fiscal quarter or other period shall be appropriately adjusted to take into account the Profit Participation Members’ varying interests.

• Upon the Retirement of a Profit Participation Member or other termination of a Profit Participation Interest, the Profit Participation Percentage associated with such Member’s Profit Participation Interest shall cease to be allocated and become part of the Unallocated Float.

• Monthly Privilege and Profit Participation Percentage Fees Minimum Monthly Privilege Fee: The Concessionaire shall pay a minimum monthly privilege fee to the County, commencing on the date that the Premises are made available by the Department in the amount of XXX which fee shall be paid to the County on the first day of each and every month in advance, without billing.

• In the event that BIG sells in excess of 120,703 MACC Shares pursuant to Sections 3, 4 and 5 above, then BIG's Profit Participation Percentage shall be reduced as set forth in Atlas's Second Amended and Restated Operating Agreement.

More Definitions of Profit Participation Percentage

Profit Participation Percentage means, with respect to any Accounting Period,