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Average Annual Turnover Sample Clauses

Average Annual Turnover. Minimum average annual turnover of INR 103.53 Crore calculated as total certified payments (certified by CA) received for contracts in progress or completed, within the last 05 years.
Average Annual Turnover. [The following table shall be filled in for the Bidder and for each member of a JV.] Date: [insert day, month, year] Bidder’s Legal Name: [insert full name] Joint Venture Party Legal Name: [insert full name] IFB No.: [insert number] [indicate year] [insert amount]
Average Annual Turnover. Minimum average annual turnover as a prime Contractor (calculated as total certified payments received for Contracts in progress and/ or completed) over the last 5 financial years (i.e. financial years whose ending dates are between April 1, 2013 to March 31, 2018 for the countries where the financial year ending on 31st March or January’1, 2013 to December’31, 2017 for the countries where the financial year ending on 31st December) divided by 5 years must be as given below; Lot I. Wheel Lathe - USD 2.0 million or the equivalent thereof Bidders bidding for both lots shall submit their position of Average Annual Turnover to meet the combined requirements of both lots.
Average Annual Turnover. Average Annual financial turnover during the last 3 years, ending 31st March of 2019 (Average of previous financial years 2016-17, 2017-18, 2018-19), should be at least Rs.1.83 lakh. i. All the above conditions should be met by bidder firm only, not by any associate firm. The bidding firms shall submit the work order copies & its completion certificates to prove the desired experience. Only the firms meeting the above requirements shall be qualified technically for further processing of tender. ii. If both value or man days are mentioned, then whichever meet the qualification criteria shall be considered. iii. The value or man days of number of work orders allocated against same enquiry to a contractor will be considered as single work order value or man days for qualifying purpose. iv. Those contractors who have worked in other PSUs / Govt. / Semi-Govt. / reputed Public companies for cleaning work should submit documents with respect to experience as below: Enclose copy of work order and work completion certificate clearly indicating WO ref, date, duration of work and the nature of work done. The work completion certificate should be verifiable and contact details of signing authority must be provided. In case BHEL desires to verify the document, responsibility lies with the bidder to get it verified to the full satisfaction of BHEL. Otherwise BHEL reserves the right to reject the tender and no claim or correspondence shall be entertained in this regard. v. Experience certificate of any Private organization, in addition to the requirements as in (iv) above, must be supported by CA certification in “ANNEXURE-I” below. vi. For consideration of running work order, the value completed on last day of month, previous to the one in which applications are invited will be considered based on certification of executing authority. vii. In case of composite Work order in which scope of work comprises multiple type of work then only that part of work will be considered, which pertains to similar works and value or man days of similar works in total value/man days should be mentioned in completion certificate. viii. Bids with aggregate quoted value being less than aggregate applicable minimum wages for the contract shall be liable to rejection by BHEL.
Average Annual TurnoverFor construction firms Minimum average annual construction turnover of USD 50,000,000 [Fifty Million US Dollars] calculated as total certified payments received for contracts in progress or completed, within the last three [3] years. *Last 3 years: 2016, 2017, 2018 must meet requirement must meet requirement must meet Twenty Five percent [25%] of the requirement must meet Forty percent [40%] of the requirement Form FIN - 2(a) For educational and/or research equipment suppliers Minimum average annual turnover of USD 10,000,000 [Ten Million US Dollars] calculated as total certified payments received for contracts in progress or completed, within the last three [3] years. *Last 3 years: 2016, 2017, 2018 must meet requirement must meet requirement must meet Twenty Five percent [25%] of the requirement must meet Forty percent [40%] of the requirement Form FIN - 2(b)
Average Annual Turnover. The Minimum average annual financial turnover of business during the last 3 years ending on 31 March 2023 should be at least 2.34
Average Annual Turnover. Criteria

Related to Average Annual Turnover

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if: A. Their sick leave balance at the end of the previous calendar year exceeds four hundred and eighty (480) hours; B. The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred and eighty (480) hours; and C. They notify their payroll office by January 31st that they would like to convert their sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash. All converted hours will be deducted from the employee’s sick leave balance.

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to:

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution. (b) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall also be subject to adjustment pursuant to Section 6.9.

  • Payments Within Twelve Months The Company has not made any direct or indirect payments (in cash, securities or otherwise) (i) to any person, as a finder's fee, consulting fee or otherwise, in consideration of such person raising capital for the Company or introducing to the Company persons who raised or provided capital to the Company, (ii) to any NASD member or (iii) to any person or entity that has any direct or indirect affiliation or association with any NASD member, within the twelve months prior to the Effective Date, other than payments to EBC.