Net Income before Industry Expenses and after Income Tax Provision

Net Income before Industry Expenses and after Income Tax Provision. Means the aggregate gross revenue earned by all NASCAR Rights Affiliates, during the calendar year in which the Event is held, as a result of the exploitation of Ancillary Rights, reduced by the aggregate of all reasonable deductions of NASCAR Rights Affiliates, including but not limited to ordinary business expenses, amortization, depreciation and federal, foreign, and state income, withholding and property taxes; provided, however, that in no event shall Net Income before Industry Expenses... and after Income Tax Provision include income, revenue or any other consideration received or generated by NASCAR or NEM for the license of, assignment of, or other transfer of rights in or to, any NASCAR Intellectual Property, including without limitation transfers in connection with the sale, advertising or promotion by NEM, NASCAR or any third party of products or services of any nature. View More