Adjusted Gross Revenue. The term "Adjusted Gross Revenue" shall mean the sum of Professional Services Revenue and Ancillary Revenue.
Adjusted Gross Revenue. The term “Adjusted Gross Revenue” shall mean all revenues for Optical Services, Professional Eye Care Services, or otherwise, generated by or on behalf of the Practice and/or its Professionals, or other personnel during the term of this Professional Business Management Agreement, calculated on an accrual basis under GAAP, including all technical fees from ancillary services, all proceeds from key person life and disability insurance policies purchased by Retail Business Manager, in agreement with the Practice, in accordance with Section 3.15, all amounts paid by third parties for contractual liabilities, including, but not limited to, payments under non-shareholder Professionals’ non-competition agreements and compensation payments under any service agreement between the Practice and another entity, and all consultant, teaching and expert witness fees minus any allowances for bad debts, uncollectible accounts, Medicare, Medicaid and other payor contractual adjustments, discounts, workers’ compensation adjustments, reasonable professional courtesies, and other reductions in collectible revenue that result from activities that do not result in collectible charges.
Adjusted Gross Revenue. Adjusted Gross Revenue for the purpose of levying License Fee as a percentage of revenue shall mean the Gross Revenue as reduced by: Call charges (access charges) actually paid to other telecom service providers for carriage of calls; service tax for provision of service and sales tax actually paid to the Government, if gross revenue had included the component of service tax.
Adjusted Gross Revenue. For the purpose of arriving at the “Adjusted Gross Revenue” the following will be excluded from the Gross Revenue to arrive at the adjusted gross revenue:
Adjusted Gross Revenue. The term "Adjusted Gross Revenue" shall mean all revenues, for Professional Eye Care Services and any other revenues, calculated on an accrual basis under GAAP, generated by or on behalf of the Practice and its Professionals and Capitation Revenues during the term of this Business Management Agreement, including, without limitation, all technical fees from ancillary services, all proceeds from key person life insurance policies purchased by Business Manager in accordance with Section 3.15, all amounts paid by third parties for contractual liabilities, including payments under non-shareholder Professionals' non-competition agreements, and all medical director, consultant, teaching and expert witness fees except for those fees set forth in Exhibit 1.3 (unless the time and efforts of the individuals responsible for such excluded revenues are materially greater than the historical time or efforts expended in obtaining such revenues or if such excluded revenues historically flowed through the Practice), minus any allowances for bad debts, uncollectible accounts, Medicare, Medicaid and other payor contractual adjustments, discounts, workers' compensation adjustments, reasonable professional courtesies, and other reductions in collectible revenue that result from activities that do not result in collectible charges.
Adjusted Gross Revenue. The definition of “Adjusted Gross Revenue” in Section 11.1 of the Purchase Agreement is amended, so that the definition is as follows:
Adjusted Gross Revenue. For the purpose of arriving at the “Adjusted Gross Revenue (AGR)” the following shall be excluded from the Gross Revenue to arrive at the AGR:
(i) Charges actually paid to the NSOs. Charges paid to NSO(s) shall be limited to applicable access charges such as carriage charges, termination charges and roaming charges.
(ii) Service Tax on provision of service and Sales Tax actually paid to the Government, if gross revenue had included the component of Sales Tax and Service Tax.
Adjusted Gross Revenue. For the purpose of arriving at the “Adjusted Gross Revenue (AGR)” the following shall be excluded from the Gross Revenue to arrive at the AGR:
Adjusted Gross Revenue. For the purpose of arriving at the “Adjusted Gross Revenue (AGR)”, following shall be excluded from the Applicable Gross Revenue (ApGR):
a. Charges paid to its parent NSO(s) towards applicable access charges such as carriage charges, termination charges and roaming charges.
b. Charges paid to NSOs towards Bulk/Wholesale bandwidth, leased line and bandwidth charges, minutes and SMSs. However, these charges should be governed by a written agreement, a copy of which must be provided along with the proof of actual payment for the deduction to be allowed.
Adjusted Gross Revenue. Adjusted Gross Revenue means Gross Revenue less the following:
(i) refunds;
(ii) discounts; and
(iii) all applicable sales taxes paid by Licensee to any governmental agency assessing or collecting such sales taxes. The amount of such taxes shall be shown on the books, records of account and documentation required to be maintained by Licensee under this Agreement.
