Supplemental Profit definition

Supplemental Profit means, in relation to any Purchase Contract which has a proposed Transaction Date falling (i) prior to the second anniversary of the Exit Conversion Date and (ii) on a date when the Facility Limit is to be reduced in part (but not in full):

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Supplemental Profit shall have the meaning specified in Schedule 7.

Supplemental Profit means, for any Transaction, an amount specified by TCO in a Purchase Request Confirmation, which amount shall be added to and shall constitute a portion of the Murabaha Price for the Metals that are covered by such Transaction. A Supplemental Profit may be added by TCO to the Murabaha Price of the Metals covered by such Purchase Request Confirmation if, after the date hereof, TCO suffers any cost, expense or reduction in return in providing the Financing hereunder as a direct or indirect result of any capital adequacy requirements or the adoption or becoming effective of any change in law or in the interpretation, administration or application thereof. The amount of such Supplemental Profit shall be calculated by TCO to offset such cost, expense or reduction in return and specified by TCO in the Purchase Request Confirmation for a Transaction. Supplemental Profit may also include amounts payable pursuant to Section 3.4. Each determination by TCO of a Supplemental Profit amount shall be conclusive and binding on Tensar.

Examples of Supplemental Profit in a sentence

• Stillwater National is not required to make any Supplemental Profit Sharing Contribution for any period in which it does not make a contribution to the Profit Sharing Plan.

• Stillwater National has established this Stillwater National Bank and Trust Company Supplemental Profit Sharing Plan and Agreement (the "Plan"), in order that it may make tax-deferred contributions to a plan for the benefit of the Executive.

• The Supplemental Profit Sharing Contribution for the calendar year in which the Executive’s or his Beneficiary’s rights under the Plan vest shall be prorated based upon the ratio of the number of days in the calendar year prior to the vesting date to 365.

• No Supplemental Profit Sharing Contributions shall be made following a Termination for Just Cause of the Executive’s employment or the Executive’s voluntary employment termination without Good Reason.

• If the Executive does not have an account in the Supplemental Profit Sharing Plan, he shall receive a cash payment for the equivalent dividends on January 31st following each calendar year they are credited.

• These equivalent dividends will be credited on January 31st following each calendar year to the Executive’s Profit Sharing Account under the Supplemental Profit Sharing Plan.

• Stillwater National has established this Stillwater National Bank and Trust Company Supplemental Profit Sharing Plan and Agreement (the “Plan”), in order that it may make tax-deferred contributions to a plan for the benefit of the Executive.

• The Supplemental Profit Sharing Contribution for the calendar year in which the Executive's or his Beneficiary's rights under the Plan vest shall be prorated based upon the number of days in the calendar year prior to the vesting date over 365.

• No Supplemental Profit Sharing Contributions shall be made following a termination of the Executive's employment for Cause or voluntary termination without Good Reason.

• By -------------------------------------- Title: The undersigned, as members of the Trust Committee appointed pursuant to the provisions of the Supplemental Profit Sharing Trust for Employees of Trinity Industries, Inc.

More Definitions of Supplemental Profit

Supplemental Profit means for any payment of Murabaha Price, the Purchase Price Amount multiplied by the Supplemental Profit Factor.

Supplemental Profit means (i) for any payment of Murabaha Price made before October 31, 2007, an amount equal to the excess, if any, of the Discounted Value of the Remaining Scheduled Payments for the Purchase Price Amount over the amount of such Purchase Price Amount, provided that the Supplemental Profit may in no event be less than zero; and (ii) for any payment of Murabaha Price made after October 31, 2007, the Purchase Price Amount multiplied by the Supplemental Profit Factor.