Financial Targets. “Financial Targets” shall mean the EBITDA Targets set forth on Appendix B of this Agreement, subject to Section 3.3.
Financial Targets. Be a catalyst for senior management in launching initiatives and assisting with achieving corporate financial targets such as EBITDA, Cash Flow or Earnings per share.
Financial Targets. (a) In accordance with Section 5.9 of the Alliance Agreement, not later than the 90th day after the Effective Date, Xxxx Atlantic and Vodafone will agree upon financial performance targets for the first two (2) Fiscal Years of the Company following the Effective Date which shall then be attached to this Partnership Agreement as Schedule D (the “Initial Financial Performance Targets”).
(b) At least twenty (20) days prior the end of the first and each subsequent Fiscal Year, the Officers shall present to the Board of Representatives and the Board of Representatives shall review, consider and adopt financial performance targets for the following two (2) Fiscal Years of the Company (the “Updated Financial Performance Targets”).
(c) The Board of Representatives shall meet with appropriate Officers at least once every three (3) months to discuss the Company’s actual financial performance compared with the Initial Financial Performance Targets or the Updated Financial Performance Targets, as applicable, as the same may have been adjusted by the Board of Representatives, and whether any adjustment should be made to the Initial Financial Performance Targets or the Updated Financial Performance Targets, as applicable, including, without limitation, any adjustment to reflect the performance of any other national provider of wireless voice and data services.
(d) The Company shall cooperate, at Vodafone’s expense, in making such adjustments as are necessary to translate the Company’s Initial Financial Performance Targets and the Updated Financial Performance Targets from a GAAP to a U.K. GAAP basis and Vodafone accounting basis.
(e) The provisions of this Section 3.6 shall terminate on the date that Vodafone ceases to hold, directly or through one or more Wholly-Owned Subsidiaries, a Partnership Interest of at least 20%.
Financial Targets. 3.16.1 As provided in the Master Off-Take Agreement and in the First Individual Agreement, for the first [*] of commercial production (commencing on the start-up of the operation of the JV Plant), Amyris Brasil shall guarantee the Company that the [*] paid to the Company in consideration for the off-take of Amyris Renewable Products shall be at least the amount determined according to the formula attached in “Schedule IX” hereto (“Target Economic Viability”), without prejudice of the right of the Company to receive a greater price pursuant to the terms and conditions set forth in the Master Off-Take Agreement.
3.16.2 After the Company is able to operate on or over Target Economic Viability for a period of [*], the sales price of the JV Products [*], subject to the terms and conditions set forth in “Schedule III” hereto.
Financial Targets. The Business shall generate annualized pro forma EBITDA of at least $14 million, based on the year-to-date cumulative EBITDA of the Business as of the end of the most recently completed calendar month prior to Closing for which financial information is available (which shall not be more than 45 days prior to Closing.)
Financial Targets. (a) Set forth on Schedule D to this Partnership Agreement are ---------- financial performance targets for the first two (2) Fiscal Years of the Company following the Effective Date (the "Initial Financial Performance Targets"). -------------------------------------
(b) At least twenty (20) days prior the end of the first and each subsequent Fiscal Year, the Officers shall present to the Board of Representatives and the Board of Representatives shall review, consider and adopt financial performance targets for the following two (2) Fiscal Years of the Company (the "Updated Financial Performance Targets"). -------------------------------------
(c) The Board of Representatives shall meet with appropriate Officers at least once every three (3) months to discuss the Company's actual financial performance compared with the Initial Financial Performance Targets or the Updated Financial Performance Targets, as applicable, as the same may have been adjusted by the Board of Representatives, and whether any adjustment should be made to the Initial Financial Performance Targets or the Updated Financial Performance Targets, as applicable, including, without limitation, any adjustment to reflect the performance of any other national provider of wireless voice and data services.
(d) The Company shall cooperate, at Victor's expense, in making such adjustments as are necessary to translate the Company's Initial Financial Performance Targets and the Updated Financial Performance Targets from a GAAP to a U.K. GAAP basis and Victor accounting basis.
(e) The provisions of this Section 3.6 shall terminate on the date that Victor ceases to hold, directly or through one or more Wholly-Owned Subsidiaries, a Partnership Interest of at least 20%.
Financial Targets. In connection with the strategy renewal in 2016, YIT’s Board of Directors decided on the financial targets and specified the cash flow target. Going forward, the cash flow target is operating cash flow after investments sufficient for paying dividends. Previously, YIT has communicated that the target is to have sufficient operating cash flow after investment for both paying dividends and reducing debt. The aim is not to increase the net debt level, and the surplus of cash flow will be used to accelerate the growth. At the same time, the improvement of the key figures is expected to be realised primarily through improvement of YIT’s profitability and operative result. Other long-term targets remained unchanged. YIT’s financial targets valid before the Merger are set on the basis of the figures reported according to the segment reporting (POC). Long-term target Target level Actual in 2016 Revenue growth 5–10 per cent on average 8 per cent, 9 per cent at comparable exchange rates Return on investment (rolling 12 months) 15 per cent 4.7 per cent
Financial Targets. The Minister and the Accountable Authority, subject to changes in Government policy, undertake to ensure that the total amount of resources disclosed in the Budget Statements for the budget year is managed to achieve: the endorsed expense limit, identified as the total cost of services in the Budget Income Statement (which impacts on the Government’s expense growth target for the general government sector). The expense limit is a critical parameter within which the budget must be managed. Approval of Cabinet/the Economic and Expenditure Reform Committee is required to spend beyond this limit in the budget year or the forward estimate years; the net cost of services in the Budget Income Statement (which impacts on the Government’s net operating balance target for the general government sector); the equity target in the Budget Balance Sheet (which impacts on the Government’s net worth target); net cash movements in the Budget Cash Flow Statement (which impact on the Government’s net debt target); the approved Full Time Equivalent (FTE) staff level; and consistency between X’s (name of agency) internal asset management plan and the asset investment program disclosed in the Budget Statements. Actual results against these financial targets will be disclosed in the agency’s annual report as required by the Financial Management Act 2006.
Financial Targets. The Parties hereby acknowledge that gross and net premiums written of the Company shall remain consistent with planning submissions, such planning submissions having been submitted to and approved by FPIC, beginning in fiscal year 2002. Any material deviations from such approved planning submissions must be pre-approved by FPIC. FPIC reserves the right to modify gross and net premiums written targets and affected financial targets. Parties hereby further acknowledge the fiscal year 2002 financial targets set forth as Exhibit A attached hereto, and agree to submit for review and approval 2003 financial targets.” 5.
Financial Targets. “Financial Targets” shall mean the EBITDA Targets set forth on Appendix B.
