Net Profit Split Sample Clauses
The Net Profit Split clause defines how the net profits generated from a business venture or project will be divided among the involved parties. Typically, this clause specifies the percentage or proportion of net profits each party is entitled to after all allowable expenses, taxes, and costs have been deducted from gross revenue. For example, two partners might agree to split net profits 60/40 based on their respective contributions or investments. The core function of this clause is to ensure transparency and fairness in profit distribution, reducing the risk of disputes by clearly outlining each party’s share.
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Net Profit Split. As additional compensation for its supervisory activities, BMC will pay AMI a Net Profit Split determined as follows: For any sales or transfers by BMC to BMI or any affiliate (as that term is defined in Rule 405 under the Securities Act of 1933) of BMI or any other person or entity BMC will pay AMI the amount that is equal to 15% (“Net Profit Split”) of the difference between $.065 per lb. and the subtrahend consisting of (i) the costs of the Mining Operations of such material estimated to be $.01 per lb., (ii) the costs of the Milling Operations of such material by BMI estimated to be $.04 per lb. and (iii) any supervisory fees (“Subtrahend”). It is understood that it may take time before the Subtrahend is calculable. It may also happen that the Mining or Milling Costs cannot be determined in which case the most recent Subtrahend determined be used. BMC will provide AMI a monthly report of the volume and price of milled Iron Oxide Minerals it sells subject to this section. The report will also include a calculation of the BMI Profit Split for each sale. BMC will pay to AMI the BMI Net Profit Split no more than fifteen (15) days after BMC collects payment for the associated invoice from BMI. This section will no longer be applicable 15 years after the Closing Date.
Net Profit Split. (a) During the Term, Lannett shall pay to Supplier an amount equal to [***] of the Net Profits from Lannett’s sales of the Products for each calendar quarter during the Term (“Net Profit Split”). In no case shall the Net Profit Split for any calendar quarter be negative; provided, however in the event of a loss in any calendar quarter, the amount of that loss shall be carried forward to subsequent calendar quarters until the amount of such loss has been fully absorbed. In the event that Net Profits for a calendar quarter are negative, Lannett shall carry over the Net Profit Split multiplied by the value by which the Net Profits are negative in such calendar quarter and deduct this amount from the calculation of Net Sales for the following calendar quarter. If Net Profits are negative in two (2) or more consecutive calendar quarters, Lannett shall invoice Supplier the Net Profit Split multiplied by the value by which the Net Profits are negative for the previous calendar quarter and carry over the Net Profit Split multiplied by the value by which Net Profits are negative for the current calendar quarter and deduct this amount from the calculation of Net Sales for the following calendar quarter. For the avoidance of doubt, if Net Profits are negative in subsequent calendar quarters, the amounts will be similarly carried over as per the terms set forth in this Section 3.5 until Net Profits are positive or, in the case of the last calendar quarter in the Term, reimbursed to Lannett. If a negative Net Profits balance remains for the last calendar quarter of the Term, Supplier shall reimburse Lannett within forty-five (45) days after receipt of an invoice from Lannett setting forth the calculation of accrued negative Net Profits. Notwithstanding anything to the contrary set forth herein, if Net Profits are negative for three (3) consecutive quarters, either Party may terminate this Agreement upon providing the other Party with one hundred eighty (180) days’ notice.
(b) An example of the calculation of the sharing of Net Profits pursuant to this Section 3.5, for illustration purposes only, follows: [***].
(c) An example of the calculation of negative Net Profits pursuant to this Section 3.5, for illustration purposes only is: [***]. [***].
Net Profit Split. (a) During the Term, Lannett shall pay to Supplier an amount equal to [***] of the Net Profits from Lannett’s sales of the Product for each calendar quarter during the Term (“Net Profit Split”). In no case shall the Net Profit Split for any calendar quarter be negative; provided, however in the event of a loss in any calendar quarter, the amount of that loss shall be carried forward to subsequent calendar quarters until the amount of such loss has been fully absorbed. In the event that Net Profits for calendar quarter are negative, Lannett shall carry over the Net Profit Split multiplied by the value by which the Net Profits are negative in such calendar quarter and deduct this amount from the calculation of Net Sales for the following successive calendar quarter(s) until such amounts are fully absorbed. For the avoidance of doubt, if Net Profits are negative in subsequent calendar quarters, the amounts will be similarly carried over or reimbursed as per the terms set forth in this Section 3.7 until Net Profits are positive. Notwithstanding anything to the contrary set forth herein, if Net Profits are negative for three (3) consecutive quarters, either Party may terminate this Agreement upon providing the other Party with one hundred eighty (180) days’ notice.
(b) An example of the calculation of the sharing of Net Profits pursuant to this Section 3.7, for illustration purposes only, follows: [***].
(c) An example of the calculation of negative Net Profits pursuant to this Section 3.7, for illustration purposes only is: [***].
Net Profit Split. American Regent shall pay CytoDyn an amount equal to [***] of the Net Profits from American Regent’s sales of the Product for each calendar quarter during the Term, and any selloff period under Section 9.4 after the Term. To the extent the Net Profit is negative in any particular calendar quarter or quarters, American Regent shall be entitled to accrue and set off such shortfall against any positive Net Profit generated in any subsequent calendar quarter or quarters. Each Party shall have the right to terminate this agreement with thirty (30) days written notice in the event that the Net Profit for American Regent’s sales of the Product are negative for two (2) or more consecutive calendar quarters.
Net Profit Split. Par shall pay to ▇▇▇▇▇▇▇ an amount equal to 50% of the Net Profit, and Par shall retain an amount equal to 50% of the Net Profit (such allocation of Net Profit being referred to herein the “Net Profit Split”). Par shall pay ▇▇▇▇▇▇▇’▇ share of the Net Profit Split to ▇▇▇▇▇▇▇ quarterly, within forty-five (45) days after the close each calendar quarter, accompanied by a reasonably-detailed calculation of such Net Profit Split. Par shall keep true and accurate books of account and shall keep and maintain all records and documents necessary for ▇▇▇▇▇▇▇ to ascertain its share of the Net Profit Split due under this Agreement.
Net Profit Split. The Parties agree that they will share (Athenex:[45]%/Ingenus:[55]%) the Net Profits arising from the sale of the Product by Athenex in Athenex Territory under the following terms and conditions:
Net Profit Split. During the Term, for services provided hereunder, Company shall pay Bavli an amount equal to fifty percent (50%) of the "Net Profits". "Net Profits" shall be calculated by subtracting from the gross revenue generated from the sale of a Product by Bavli in the Territory or to a Permitted Customer or approved Lead in accordance with Sections 1.D. or 1.E., respectively, less: (i) the Cost of the Product as determined pursuant to Exhibit "C", (ii) any discounts, returns and rebates and/or price adjustments, (iii) shipping and insurance costs for U.S. sales only, and (iv) account program costs including, but not limited to, advertising, marketing and promotional expenses incurred by Company (e.g. an allowance or monies allocated through to a designated account for any promotional purpose).