Trading Profit definition

Trading Profit realized in any sale of any Shares or any Other Securities of any class or series by any member of the New Valley Group or by BGL, BGLS or any of their affiliates (the "BGL Group") means the excess, if any, of the actual price realized in such sale, net of all brokerage fees and commissions incurred in such sale, over the Weighted-Average Cost (as defined below in Section 4(h) and Section 4(i)) of the Shares or the Other Securities of such class or series sold. The "Trading Profit" existing on the Reference Date (as defined below in Section 5(a)) in respect of any Shares or Other Securities of any class or series held by the New Valley Group or the BGL Group as of such date means the excess, if any, of the Market Value (as defined below in Section 4(j) and Section 4(k)) as of the Reference Date of the Shares or the Other Securities of such class or series so held over the Weighted-Average Cost of such Shares or such Other Securities. Notwithstanding the foregoing, if the aggregate investment in Shares and Other Securities made at any time, either before or after the date of termination of this Agreement, by the New Valley Group, before giving effect to any sales of Shares and Other Securities held by the New Valley Group (the "Aggregate New Valley Investment"), exceeds the greater of (x) the sum of the First Stage Investment plus the Second Stage Investment and (y) the aggregate investment of the High River Group in Shares and Other Securities made prior to the date of the termination of this Agreement (the greater of such amounts being referred to herein as the "Target Investment"), then the "Trading Profit" realized on any sale of Shares or any Other Securities of any class or series, or existing on the Reference Date in respect of any Shares or any Other Securities of any class or series held by the New Valley Group on the Reference Date, means the product of (x) the "Trading Profit," calculated as set forth in the previous two sentences, multiplied by (y) a fraction, the numerator of which is the Target Investment and the denominator of which is the Aggregate New Valley Investment.
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Trading Profit or “EBITDA” means net earnings before interest, income taxes, depreciation and amortization. It provides an indication of the Company’s operating performance before allocating the cost of interest, income tax and capital investments;
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Trading Profit existing on the Termination Date or the Reference Date (as applicable) in respect of any Shares or Other Securities held by the Companies as of such date means the amount, if any, by which the Market Value (as defined below) as of the Termination Date or the Reference Date (as applicable) exceeds or is less than the Weighted-Average Cost of such Shares or such Other Securities.
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Examples of Trading Profit in a sentence

  • Trading Profit shall be calculated pursuant to Schedule C to the Advisory Agreements, after reduction for combined Brokerage and Administrative Fees of ___% of average month-end assets per annum (0.__% of the month-end assets each month).

  • From and after January 1, 1997, the Profit Share payable by the Funds to the Advisor will be calculated at the rate of ___% of any New Trading Profit in excess of the highest level of cumulative Trading Profit (the "high water ▇▇▇▇") achieved by the Advisor for each of the Funds, respectively, as of any previous calendar quarter-end (including December 31, 1996); or $0 if the Advisor has traded unprofitably for a Fund.

  • Verint with no waiver of depositions, or liabilities to contain terms of justification to have an attorney by a copyright, agreement in full reimbursement during this.

  • Trading Profit shall also be proportionately reduced as of such withdrawal date for purposes of determining whether any Trading Profit remains as of the end of the quarter in which such withdrawal occurs.

  • Any trading losses from prior periods must be recouped before New Trading Profit can again be generated.

  • New Trading Profit is only recognized to the extent that cumulative profits exceed the previous period-end high.

  • New Trading Profit includes open trade equity which may, in fact, never be realized.

  • Interest income is included in New Trading Profit for purposes of calculating the Profit Share payable to the General Partner.

  • In the event that an additional or replacement trading advisor(s) is so designated, the Trading Advisor shall thereafter receive Management Fees and Incentive Fees based, respectively, on that portion of the Net Assets managed by the Trading Advisor and that portion of the New Trading Profit (as defined in Section 6(d) hereof) attributable to the trading done by the Trading Advisor.

  • In the event that an additional or replacement trading advisor(s) is so designated, the Trading Advisor shall thereafter receive Management Fees and Incentive Fees based, respectively, on that portion of the Assets managed by the Trading Advisor and that portion of the New Trading Profit (as defined in Section 6(d) hereof) attributable to the trading done by the Trading Advisor.


More Definitions of Trading Profit

Trading Profit realized in any sale of any Shares or any Other Securities means the amount, if any, by which the actual price realized in such sale, net of all brokerage fees and commissions incurred in such sale, exceeds or is less than the Weighted-Average Cost (as defined below) of the Shares or the Other Securities. The "Trading Profit" existing on the Termination Date or the Reference Date (as applicable) in respect of any Shares or Other Securities held by the Companies as of such date means the amount, if any, by which the Market Value (as defined below) as of the Termination Date or the Reference Date (as applicable) exceeds or is less than the Weighted-Average Cost of such Shares or such Other Securities.
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