Operating Profit Index Lockup Period definition

Operating Profit Index Lockup Period means the period during which the Controlling Party guarantees the Company will achieve the Operating Profit Index, or the 26-month period following the Closing Date.
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Examples of Operating Profit Index Lockup Period in a sentence

  • The equity acquisition under this Article does not relieve the Controlling Party of its obligation to achieve the Operating Profit Index for the remaining years within the Operating Profit Index Lockup Period.

  • ARTICLE 13 Within the Operating Profit Index Lockup Period, the Acquirer shall pay the Performance Reward to the Controlling Party in a lump sum no later than 10 days after delivery of the audit report for the Second Audited Year.

  • After such unpaid amounts are deducted, if the actual Net Profits of the Company for any Audited Year within the Operating Profit Index Lockup Period fail to reach the applicable Operating Profit Index, the Acquirer, in accordance with the provisions of Article 6 of this Agreement, shall have the right to choose, in its sole discretion, to either reduce the amount of the Acquisition Consideration payable or increase the percentage of equity interests to be transferred by the Controlling Party.

  • When the actual Net Profits of Newco for an Audited Year within the Operating Profit Index Lockup Period reach the corresponding Operating Profit Index, the Acquirer shall acquire the equity interests in accordance with the provisions of this Article.

  • Article 31 Within the Operating Profit Index Lockup Period, the Controlling Party shall pledge its ownership of 49% of the equity interests in Newco to the Acquirer as a guarantee for both the performance of this Agreement and the Operation and Management Agreement and for the achievement of the Operating Profit Index.

  • If the Net Profits of Newco in each Audited Year within the Operating Profit Index Lockup Period reach the corresponding Operating Profit Index, the Acquirer guarantees that it shall acquire those equity interests in Newco that the Controlling Party plans to transfer.

  • If the Net Profits of the Company for any Audited Year within the Operating Profit Index Lockup Period fail to reach the Operating Profit Index as guaranteed by the Controlling Party, the Acquisition Consideration payable by the Acquirer shall be adjusted accordingly and the Controlling Party shall not be subjected to any liability.

  • Article 33 After the expiration of the Operating Profit Index Lockup Period, the Controlling Party shall have the right to dispose of the equity interests it holds in Newco.

  • ARTICLE 14 The Net Profits of any new retail store established or acquired by the Company, by using the Company’s own capital or money borrowed by the Company, for business development purposes and with board approval during the Operating Profit Index Lockup Period shall be consolidated with the operating results of the Company to calculate the Net Profits of the Company for purposes of determining the Performance Reward to be paid to the Controlling Party.

Related to Operating Profit Index Lockup Period

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Adjusted EPS means earnings per share further adjusted for share-based payments, amortization of acquired intangible assets, items outside the normal scope of our ordinary activities (including other items, within selling, general and administrative expenses, losses/(gains) on items held at fair value and remeasurements through profit and loss, impairment losses on tangible assets, and impairment losses on intangible assets) and the related tax effects of these adjustments. Adjusted EPS provides a basis for comparison of our business operations between current, past and future periods by excluding items that we do not believe are indicative of our core operating performance. Adjusted EPS may not be comparable to other similarly titled metrics of other companies.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.