Horizon Net Profits Assignment

Horizon Net Profits Assignment. Means that certain letter agreement, dated March 14, 2003, from the Partnerships and PGI to HGPI, as accepted and agreed to by HGPI, pursuant to which the Partnerships assign to HGPI a certain percentage of the Partnerships' interests in Net Profits. The "Horizon Net Profits Assignment" shall include the percentage of the Partnerships' interests in Net 4 Profits that were assigned to HGPI prior to the date hereof and any additional percentage of the Partnerships' interests... in Net Profits that is assigned to HGPI from and after the date hereof pursuant to the letter agreement referenced in the immediately preceding sentence. View More