ALPART NET PROFIT

ALPART NET PROFIT. Means (a) the revenues that would have been generated during the period from January 1, 2004 through the Alpart Closing from the sale of Alpart-sourced alumina (i) by KAII to third parties and (ii) to KACC for use at Anglesey at 12.5% of LME (which sale of Alpart-sourced alumina by KAII under (i) and (ii) shall equal 100% of the alumina sold excluding the Alpart Inventory, and to the extent the Alpart-sourced alumina is not used at Anglesey the revenue will be recorded at actual realized... prices) minus (b) 65% of the production charges invoiced to the partners of Alpart minus (c) taxes due and payable by AJI and KJC on the revenues generated from the sale of the Alpart alumina. See Exhibit E for an illustrative example. View More