Common use of No Deduction for Negative Profits Interest Clause in Contracts

No Deduction for Negative Profits Interest. If, at any time it is calculated, the Profits Interest shall be a negative amount, Seller in no way shall be liable for such amount, and there shall be no deduction or offset for such negative amount at any time when the Profits Interest subsequently shall be calculated.

Appears in 4 contracts

Sources: Stock Purchase Agreement, Stock Purchase Agreement, Stock Purchase and Profits Interest Agreement (Davis Gary J)