Net Profit Interests definition

Net Profit Interests means a share of production or proceeds from production derived from rights to various commodity assets (without the obligation to pay any of the costs of explorations and development).
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Net Profit Interests means rights to receive a percent of operating or net profits that may be either fixed or variable, may provide for a minimum or maximum dollar amount per year or in total, may be for an indefinite or fixed period of time, and may be based upon operating or net profits in excess of a base amount.
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Net Profit Interests means rights to receive a percent of operating or net profits that may be either fixed or variable, may provide for a minimum or maximum dollar amount per year or in
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Examples of Net Profit Interests in a sentence

  • This Net Profit Interests Agreement will be effective on September 2, 2003.

  • Net Smelter Return Royalties and Net Profit Interests generally E-13 FRANCO-NEVADA MINING CORPORATION LIMITED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) (tabular amounts in thousands of Canadian dollars except where otherwise indicated) comprise a one-time acquisition cost.

  • Each Participant shall be responsible to pay all charges and costs of its Proportionate Share of the Joint Venture and all of its Proportionate Share of Net Profit Interests and neither the Operator nor any other party shall be responsible for the same.

  • This amended and restated agreement replaces the Amended and Restated Net Profit Interests Agreement made effective as of September 2, 2003 between Baytex Energy Ltd., as Grantor, and Baytex Energy Trust, as the NPI Holder.

  • This amended and restated agreement replaces the Net Profit Interests Agreement made as of September 2, 2003 between Baytex Energy Ltd., as Grantor and Baytex Energy Trust, as the NPI Holder.


More Definitions of Net Profit Interests

Net Profit Interests shall have the meaning ascribed to those terms in Section 2.7(a).
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Net Profit Interests means rights to receive a percent of operating or net profits that may be either fixed or variable, may
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Related to Net Profit Interests

  • Net Income means, with respect to any Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends.

  • Class A Interests means the Units purchased by the Class A Members. The Class A Interests shall comprise sixty-five percent (65%) of the total Interests sold. Class A Percentage Interest shall be determined by calculating the ratio between each Class A Member’s Capital Account in relation to the total capitalization of the Company provided by the Class A Members.