Company Calculation Sample Clauses

Company Calculation. The Company will use commercially reasonable efforts to achieve the following Consolidated Adjusted EBITDA targets (“Target EBITDA”): Fiscal Year Target EBITDA 2015 $14,500,000 2016 $20,000,000 2017 $28,000,000 2018 $38,000,000 provided, however, that the Target EBITDA for 2015 shall be prorated based on the number of days that have passed in 2015 prior to the Closing. For example, if the Closing occurs on January 31, 2015, then the Target EBITDA for 2015 shall be the result of (i) $14,500,000 multiplied by (ii) the quotient of 334 divided by 365. For purposes of this Section 8.5, Consolidated Adjusted EBITDA shall be determined from the audited annual financial statements of the Company Parties, as prepared in accordance with GAAP and, to the extent in accordance with GAAP, the Company's historical practice, and as audited by the Company Auditor. Each calculation of Consolidated Adjusted EBITDA for an applicable year made by the Company shall be verified by the Company Auditor after which the Company or the Company Auditor shall then deliver to the Purchaser and Xx. Xxxxxx a Consolidated Adjusted EBITDA written notice (the “EBITDA Notice”) which EBITDA Notice shall set forth a calculation of the Consolidated Adjusted EBITDA for the applicable year, the Target EBITDA for the applicable year, and the difference in amount.
Sample 1
AutoNDA by SimpleDocs

Related to Company Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . OR District shall pay Contractor as described in attached Exhibit A

  • Calculation Any figure or percentage referred to in this Agreement shall be carried to seven decimal places.

  • Interest Calculation Interest on the outstanding principal balance of the Loan shall be calculated by multiplying (a) the actual number of days elapsed in the period for which the calculation is being made by (b) a daily rate based on a three hundred sixty (360) day year by (c) the outstanding principal balance.

  • Overtime Pay Calculation Overtime shall not be claimed or received for less than fifteen (15) minutes. If overtime amounts to fifteen (15) minutes, or more, it shall be paid for the total period.

  • Overtime Calculation For the purpose of overtime calculation only, approved or scheduled time off work will be considered the same as time worked.

  • Calculation methodology No adjustment in the Conversion Price need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Price then in effect, provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in this Article VI, the Conversion Rate will not be adjusted for the issuance of Common Stock or any securities convertible into or exchangeable for Common Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account in any subsequent adjustment. All calculations under Article V and Section 6.06 hereof and this Section 6.07 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.

  • Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.

  • How We Will Calculate Your Balance We use a method called “average daily balance (including new purchases).” See your account agreement for more details.

  • Salary Rate Calculation and Payment The biweekly salary rate of employees serving on twelve (12) month (calendar year) appointments shall be calculated by dividing the calendar year salary rate by 26.1 pay periods.

  • DATA FOR CALCULATIONS The initial calculations for any payments owing under this Agreement shall be based upon the valuations placed upon the Qualified Property by the Appraisal District in its annual certified appraisal roll submitted to the District pursuant to § 26.01 of the TEXAS TAX CODE in or about July of each year of this Agreement. The certified appraisal roll data shall form the basis from which any and all amounts due under this Agreement are calculated, and the data utilized by the Consultant will be adjusted as necessary to reflect any subsequent adjustments by the Appraisal District to the District’s appraisal roll. Any estimates used by the Consultant to make calculations as required by this Agreement shall be based on the best and most current information available. The Consultant shall from time to time adjust the data utilized to reflect actual amounts, subsequent adjustments by the Appraisal District to the District’s certified appraisal roll, or any other relevant changes to material items such as student counts or tax collections.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!