Profit Sharing Agreement means that certain Profit Sharing Agreement, dated as of September 1, 2016, by and between AIG and NSM Insurance Group, LLC.
Profit Sharing Agreement means the profit sharing agreement, dated as of December 11, 2009, as amended by amendment no. one dated as of June 17, 2013, among OSG, OSG America, L.P., and the Issuer.
Profit Sharing Agreement means any agreement or arrangement
Examples of Profit Sharing Agreement in a sentence
Furthermore, once the Facility is operational within parameters and specifications defined in the Profit Sharing Agreement, the company will pay Mujim, US$20 per ton for ongoing technical support, and has also agreed to pay Mujim, US$10 per ton as agency fee for any sales in Asia.
GP Corp and MCM hereby agree that all references to “Note” under that certain Collateral Assignment of Profit Sharing Agreement, dated as of November 3, 2016, between GP Corp and MCM shall be amended to refer to the Amended Note, and the same is hereby acknowledged by GECM.
Kahf (2002) classified Mudharabah, which is a Profit Sharing Agreement as non- debt financing instrument.
Shiddiqi (1999) proposed a Profit Sharing Agreement instrument for revenue generating projects and Yielded Predetermined Rate of Return instrument for non- monetary generating projects.
Nevertheless, unlike government bonds and loans that require future expenditure for bondholders or lenders, the Profit Sharing Agreement does not require future payments.
More Definitions of Profit Sharing Agreement
Profit Sharing Agreement means that certain Profit Sharing Agreement, dated as of December 11, 2009, as amended pursuant to Amendment No. One to Profit Sharing Agreement, dated as of June 17, 2013, in each case, by and among Holdings, American Tanker, Inc., a Delaware corporation (f/k/a Axxx American Shipping, Inc.) and the other parties signatory thereto, as in effect on the date hereof.
Profit Sharing Agreement shall have the meaning set forth in Section 4.2(a).
Profit Sharing Agreement means an agreement between the Lender, the Borrower and the Parent, in form and substance satisfactory to the Lender and secured by the assets of the Borrower, providing, among other things, that (i) 20% of the net profits of the Borrower are paid to the Lender, unless a Refinance Event has occurred, whereupon 10% of the net profits of the Borrower are paid to the Lender provided that the Borrower may terminate such profit sharing with a payment of Five Hundred Thousand and No/100 Dollars ($500,000.00) within one (1) year from the Closing Date, a payment of One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) between the end of the first year and end of the second year following the Closing Date, and a payment of Three Million and No/100 Dollars ($3,000,000.00) thereafter, and (ii) the Lender shall have the right participate in any debt or equity raised by the Borrower, the Parent or any Affiliate thereof with such right expiring one (1) year after repayment in full of the Loan.
Profit Sharing Agreement means an agreement to reflect the business understanding for the Harrow Facility and the Harrow Phase 3 Land between the Parties that Purchaser shall have all benefits and burdens of the ownership thereof, including: (A) the right to receive or retain any profits obtained by any Seller Party or Purchaser upon the sale or transfer of the Harrow Facility and the Harrow Phase 3 Land, together with any funds received under any overage agreement or other uplift with respect to the Harrow Facility and the Harrow Phase 3 Land themselves and any other real property transferred to Land Securities pursuant to the agreements between Seller and Land Securities including any overage payable pursuant to an Overage Deed dated 25 February 2010 and made between Kodak Limited (1) XX Xxxxxx Properties Limited (2) and LS London Holdings One Limited (3); provided, however, in determining profits only those reasonable costs and expenses incurred after the Closing with respect to the Harrow Facility and the Harrow Phase 3 Land shall be deducted (and those costs shall include the costs of building a new access road to the Retained Land in accordance with the terms of the Permitted Lease), (B) control over the transfer and/or operation of the Harrow Facility and the Harrow Phase 3 Land (including any works (including demolition) required prior to any sale and/or transfer); and (C) if and when possible, a transfer of the freehold interest in the Harrow Facility and the Harrow Phase 3 Land (and the Real Property associated therewith) to Purchaser for no additional consideration.
Profit Sharing Agreement means that certain profit sharing agreement between Buyer and the Members pursuant to which the members shall be entitled to receive from Buyer, on a pro rata basis, an amount equal to fifty percent (50%) of the net profits attributable to the Company’s platform.
Profit Sharing Agreement means the Profit Sharing Agreement, dated as of January 10, 1996, between Desert Princess, Borrower and Lender.
Profit Sharing Agreement means the agreement dated the Effective Date pursuant to which the Purchaser agrees to pay 10% of EBIT for a period of three years from the date of receipt of the HC Licence.