Profit Period definition
Examples of Profit Period in a sentence
The last Profit Period shall not exceed the expiry of Facility Tenure.
The Service Agent shall not be entitled, during any Profit Period, to sell Rights to Travel: (i) in excess of the portion of Rights to Travel (measured in ASKMs) stipulated in the Service Agency Agreement as being available for sale in respect of that Profit Period; or (ii) at a price which is less than a specified minimum sale price.
The Rights to Travel purchased pursuant to the Purchase of Services Agreement will comprise: (i) the Allotted Rights to Travel (as defined below) in respect of each Profit Period; and (ii) certain additional Rights to Travel (the “Additional Rights to Travel”).
Such amounts are expected to be funded by the proceeds from the sale of the Allotted Rights to Travel (measured in ASKMs) for that Profit Period, save as described below.
The net profit for the Relevant Profit Period will be determined based on audited accounts prepared under PRC GAAP.