Profit Interests definition

Profit Interests means the Class C-1 units in the capital of High Street outstanding from time to time.
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Profit Interests means the Class C-1 units in the capital of High Street ‎outstanding from time to time.
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Profit Interests. Profit Interests" when used in this Company Agreement shall mean the interest of the Members in the profits of the Company as indicated on the books and records of the Company. A particular Member's interests in the profits of the Company shall be determined by computing his percentage of profits to the total of all Members' profits as of the date of such determination without regard to any special allocation provided for in Section 8.2
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Examples of Profit Interests in a sentence

  • Nonrecourse Deductions for any Fiscal Year shall be specially allocated among the Members in proportion to their respective Profit Interests.

  • The Partnership is not providing the Participant with any tax advice with respect to the Profit Interests Units.

  • There are no outstanding contractual or other obligations of the Company or any Subsidiary to repurchase, redeem or otherwise acquire any of its securities or with respect to the voting or disposition of any outstanding securities of any of its Subsidiaries, other than with respect to the Class B Non-Voting Common Shares, the Common Membership Units and the Profit Interests.

  • Your HoldCo Interests (as per Section 2(b)) are 0.4756 and your Profit Interests (as per Section 2(d)) are 0.4756.

  • Abitibi Royalties holds interests amongst others, in the following assets: The Canadian Malartic Mine, where Abitibi Royalties owns various Net Smelter Returns (“NSR”) and Net Profit Interests (“NPI”), is jointly operated by Agnico Eagle Mines Limited (“Agnico Eagle”) and Yamana Gold Inc.

  • Knoll, The Taxation of Private Equity Carried Interests: Estimating the Revenue Effects of Taxing Profit Interests as Ordinary Income, 50 Wm. & Mary L.

  • As of the date of this Management’s Discussion and Analysis (“MD&A”), Abitibi Royalties holds interests amongst others, in the following assets: The Canadian Malartic Mine, where Abitibi Royalties owns various Net Smelter Returns (“NSR”) and Net Profit Interests (“NPI”), is jointly operated by Agnico Eagle Mines Limited (“Agnico Eagle”) and Yamana Gold Inc.

  • The Class A Profit Interests participate in distributions above a certain threshold, which is determined by referencing the amount that a pre-existing Unitholder would receive if the Company were liquidated at fair value.

  • Employee was granted profits interest units through Purple Team, LLC (“Purple Team”) pursuant to that certain Profit Interests Award Agreement entered into between Purple Innovation, LLC (“Purple LLC”) (formerly known as WonderGel, LLC), Purple Team and Employee on December 30, 2016 and that certain Joinder Agreement entered into between Purple Team and Employee on January 17, 2017 (together, the “Interests Units Agreements”).

  • Your HoldCo Interests (as per Section 2(b)) are 0.2500 and your Profit Interests (as per Section 2(d)) are 0.2500.


More Definitions of Profit Interests

Profit Interests means the membership interests in the Company and other rights issued pursuant to the Profit Interest Agreements, and any other profits interests, unit awards, options or other similar equity interests (whether voting or non-voting) in the Company.
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Related to Profit Interests

  • Income interest means the right of an income beneficiary to receive all or part of net income, whether the terms of the trust require it to be distributed or authorize it to be distributed in the trustee's discretion.

  • Net Profits Interest means a non-operating interest that creates a share in gross production from another (operating or non-operating) interest in oil and natural gas properties. The share is determined by net profits from the sale of production and customarily provides for the deduction of capital and operating costs from the proceeds of the sale of production. The owner of a net profits interest is customarily liable for the payment of capital and operating costs only to the extent that revenue is sufficient to pay such costs but not otherwise.

  • Joint Venture Interests means assets of the Company and its Subsidiaries constituting an equity investment in real estate assets or other properties, or in an entity holding real estate assets or other properties, jointly owned by the Company and its Subsidiaries, on the one hand, and one or more other Persons not constituting Affiliates of the Company, on the other hand, excluding any entity or properties (i) which is a Subsidiary or are properties if the co-ownership thereof (if in a separate entity) would constitute or would have constituted a Subsidiary, or (ii) to which, at the time of determination, the Company’s manager at such time or an Affiliate of the Company’s manager at such time provides management services. In no event shall Joint Venture Interests include equity securities that are part of a class of equity securities that are traded on a national or regional securities exchange or a recognized over-the-counter market or any investments in debt securities, mortgages or other Debt.

  • Class B Interests As set forth in the Trust Agreement.

  • Percentage Interests shall have the meaning specified in the Trust Agreement.

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