DEFICIT CLAUSE
(THREE YEARS) AVN 22 1.10.96
It is agreed that in the event of this contract showing a loss on the
result of any one year, the total amount of such loss shall be debited to the
Profit Account for the ensuing year or years, but no Profit Commission shall be
considered as earned on any ensuing year or years until the previous loss has
been balanced and a credit balance again restored. It being further understood
and agreed that any such loss referred to above shall not be carried forward
for more than three consecutive years.
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