Profit Distributions Sample Clauses

Profit Distributions. Distribution to the Members shall be at a time and manner of their own choosing.

Profit Distributions. 1. During the first 12 years, until to August 15, 2017, part of income is to repay the Second Hospital’s debt by Party B. The remaining of the income will go to Party B. 2. From the thirteenth year, Party A starts to take the greater of 1.5% of annual income (including healthcare, medicine and others) or 550,000 RMB for capital improvement fund. If the fund is below 550,000 RMB, Party B should make up the difference. At the end of the contract, the fund should be used for reconstruction of the Second Hospital. Party A is eligible for this fund, and Party B pays the fund to Party A directly. 3. Should Party B successfully operate the business after 10 years, both parties can re-negotiate for new profit distributions.

Profit Distributions. In addition to the Tax Distributions set forth in Section 3.4(a) and to the extent permitted by the Act, the Board of Managers may, but shall not be obligated to, cause the Company to make additional distributions to the Members at such times and in such amounts as determined by the Board of Managers in its sole discretion, provided that such distributions shall be made to the Members pro rata in proportion to their respective Unit Percentages (the “Profit Distributions”).

Profit Distributions. Following FCS, Coeptis will pay Kitov an “Initial Profit Distribution” equal to 60% of Net Profits of the Product, until Kitov has received Initial Profit Distributions of $13,000,000 (thirteen million United States Dollars) (the “Initial Profit Distribution Threshold”). Once this Initial Profit Distribution Threshold has been achieved, Coeptis will pay Kitov “Continuing Profit Distributions” equal to 40% of the Net Profits through the term of the Agreement. As used herein, “Profit Distribution(s)” shall mean Initial Profit Distributions and/or Continuing Profit Distributions, in aggregate and/or individually, as applicable.

Profit Distributions. Provided that the requirements for a realization referred to under Clause 9.1 (Enforcement right) above are met, all profit distributions and other payments, if any, which have been or will be made to any of the Pledgors and, as the case may be, all payments based on similar ancillary rights attributed to the Partnership Interests may be applied by the Administrative Agent in satisfaction in whole or in part of the Secured Obligations notwithstanding its right to treat such payments as additional collateral.

Profit Distributions. In addition to the monies paid by Premiere to TSC pursuant to Section 2 above, for each Combined Club Week sold by Premiere, TSC shall be entitled to receive an amount equal to the following: a. Until such time as TSC has received aggregate Distributions from Premiere pursuant to Section 3 above, and this Section 4 in an amount equal to U.S. $2.7 million, TSC shall be entitled to receive an amount equal to two times (2x) the sum of the Net Sales Price less Expenses plus interest income, multiplied by the then current Percentage Interest [2 x ((Net Sales Price - Expenses) x Percentage Interest)], one-half (1/2) of which shall be deemed to be an Advance to TSC and PIT for the purpose of facilitating construction of the Timeshare Project, and 95% of which Advances TSC and PIT hereby agree to use for constructing the Timeshare Project; b. At and after such time as TSC has received aggregate Distributions from Premiere pursuant to Section 3 above and this Section 4 in an amount equal to U.S. $2.7 million, TSC shall be entitled to receive an amount equal to one-half times (1/2x) the sum of the Net Sales Price less Expenses, multiplied by the then current Percentage Interest [1/2 x ((Net Sales Price Expenses) x Percentage Interest)] until such time as TSC has repaid the Advances to Premiere, together with interest on the Advances at the rate of ton percent (10%) per annum. For each payment made by Premiere to TSC pursuant to this Section 4(b), Premiere shall apply an amount equal to each such payment toward the repayment of the Advance, all of which repayments shall be applied first toward the repayment of any interest then due and owing on the Advance and then toward the repayment of the principal; and c. At and after such time as TSC has repaid the Advances and interest thereon to Premiere, TSC shall be entitled to receive an amount equal to the Net Sales Price less Expenses, multiplied by the then current Percentage Interest [(Net Sales Price - Expenses) x Percentage Interest]. d. All Distributions required pursuant to this Section 4 shall be estimated and paid on a monthly basis, and shall be adjusted to reflect actual Distributions on a quarterly basis. e. If Premiere has not made aggregate Distributions to TSC and PIT in an amount of not less than U.S. $2.7 million within three years after the date of execution of this Agreement, and if PIT has not completed construction of the Timeshare Project within such three year period, then Premiere or ILX or its des...

Profit Distributions. Stockholder acknowledges and agrees that, as of the Closing, he has received all distributions, dividends and profits owed to him relating to his ownership of the Purchased Shares. From and after the Closing, the Company and Purchaser shall have the sole right to receive all distributions, dividends and profits arising out of the operations of the Company, and Stockholder shall have no further right to receive any part of the profits of the Company.

Profit Distributions. In addition to the Tax Distributions set forth in Section 3.4(a) and to the extent permitted by the Act, the Board of Managers shall, promptly after the end of each calendar month, cause the Company to make additional distributions (the “Profit Distributions”) to the Members pro rata in proportion to their respective Unit Percentages in an amount equal to Available Cash (as defined below); provided, that if requested in writing by any Member at any time during such calendar month, the Board of Managers shall, within forty-eight (48) hours after receiving such request, cause the Company to make a special Profit Distribution to such Member equal to such Member’s pro rata share of Available Cash (which distribution shall be deducted from the Profit Distribution such Member would otherwise receive after the end of such calendar month).

Profit Distributions. 4.1 In the event that Laurus does not exercise the Call Right, profits, if any from the joint conversion in full of the Recast Promissory Note into common shares of Company's stock and exercise in full of Purchaser's Warrants, shall be divided between LF and Laurus on the following basis: profits (exclusive of accrued but unpaid interest as provided for in the Recast Promissory Note), if any, shall be distributed to Laurus in an amount equal to Laurus' pro rata share exclusive of profits, if any, which may be attributable to interest due Laurus pursuant to the Laurus Note and the Closing Fee due Laurus as well as interest or the LF Closing Fee Note due LF, which interest and/or LF Closing Fee Note was, at the option of LF, paid to LF either in cash or as payment-in-kind (such interest and/or securities flowing therefrom being the exclusive property of LF) less twenty-five percent (25%), with the balance of profits (exclusive of accrued but unpaid interest as provided for in the Recast Promissory Note), if any, distributed to LF. By way of example, if Laurus invested $1.5 million and LF invested $2.65 million, profits of $3.0 million (after return of capital to both LF and Laurus) would be distributed $813,253.01 to Laurus and $2,186,746.99 to LF. 4.2 In the event that Laurus: (i) does not exercise the Call Right, and (ii) exercises its conversion rights under the Laurus Note independent and in advance of LF exercising any of its conversion rights under the LF Note, twenty-five percent (25%) of the profits, if any, from the conversion of the Laurus Note into common shares of Company's stock and exercise of Purchaser's Warrants, shall be paid by Laurus to LF as follows: on the date on which Laurus has fully recovered the Laurus Initial Investment together with accrued but unpaid interest to the date of conversion, it will transfer into trust for the benefit of LF twenty-five percent (25%) of its then remaining shares of Company's common stock, or cash profits as applicable, the profits from the sale of which shall be held in trust for LF by Laurus ("LF Escrow") for a period of up to eighteen (18) months ("LF Tail Period") for the benefit of LF. If by the termination of the LF Tail Period, LF has still not converted the LF Note and liquidated its as converted Company common stock, the funds held in the LF Escrow will be released by Laurus to LF and neither LF nor Laurus will have any additional obligation to the other. If during the LF Tail Period LF does con...