Common use of Calculation of Profit Clause in Contracts

Calculation of Profit. For the purposes of the calculation of the Payment Amount payable (in respect of the purchase price for the relevant FLPR Asset Quantity of the FLPR Assets) by the Buyer on a Payment Date in respect of a Calculation Period, the Profit in respect of such Payment Date and the Calculation Period ending on such Payment Date will be an amount calculated on a formula basis by the Calculation Agent for that Payment Date and Calculation Period as follows:

Appears in 2 contracts

Sources: DFT Terms Agreement, DFT Terms Agreement