Relevant Profit definition

Relevant Profit has the meaning given to it in paragraph 3 of Schedule 8.1 (Franchise Payments);

Relevant Profit has the meaning given to it in paragraph 1.2 of Schedule 8.2 (Profit Share Mechanism);

Relevant Profit means, subject to paragraph 3.4, in respect of any Franchisee Accounting Year, the total profit of the Franchisee for that Franchisee Accounting Year calculated by applying the accounting policies and standards set out in the Record of Assumptions and applied through the Financial Model:

Examples of Relevant Profit in a sentence

• The net profit for the Relevant Profit Period will be determined based on audited accounts prepared under PRC GAAP.

• Pursuant to the Restructuring Agreement, the special audit for CNAHC will be completed by April 30, 2005 to ascertain the level of the net profit as mentioned above for the Relevant Profit Period.

• It was agreed that the special audit for CNAC Group will be completed by April 30, 2005 to ascertain the level of net profit as mentioned above for the Relevant Profit Period.

• In addition, pursuant to the Restructuring Agreement, we are required to make a distribution to CNACG in the amount equal to the net profit attributable to shareholders generated by the businesses and operations contributed to us by the CNAC Group during the Relevant Profit Period (but excluding an amount equal to approximately 69% of the dividends that had been declared by CNAC during the Relevant Profit Period).

More Definitions of Relevant Profit

Relevant Profit means profits or gains from relevant activities; 20

Relevant Profit means profits or gains from relevant activities; ‘uilleann pipes’ means a set of bagpipes which—

Relevant Profit means profit attributable to shareholders in respect of an income year –

Relevant Profit means, at any given time, the amount obtained by deduction of the Accumulated Liabilities from the Retained Profit;

Relevant Profit has the meaning given to it in paragraph 1.2 of Schedule 8.2 (Profit Share Mechanism); "Relevant Profit Report" "Relevant Reporting Period" "Relevant Rolling Stock"

Relevant Profit has the meaning given to it in paragraph 3 of Schedule 8.1 (Franchise Payments); "relevant Reporting Period" has, for the purposes of paragraph 5.3 of Schedule 12 (Financial Obligations and Covenants) only, the meaning given to it in that paragraph;

Relevant Profit means in respect of the 2003 Financial Year, an amount calculated using the following formula: A = P – (C+T+D) + G where A is the Relevant Profit; P is the pre tax profit of the Group in respect of the 2003 Financial Year as shown in the 2003 Accounts;