Foreign Revenues Clause Samples
The 'Foreign Revenues' clause defines how income generated from activities or sales outside the home country is treated under the agreement. Typically, this clause outlines the methods for reporting, accounting, and possibly sharing or allocating such revenues between the parties, and may specify which currencies or exchange rates are to be used. Its core function is to ensure transparency and fairness in handling international income, preventing disputes over revenue recognition and distribution from foreign markets.
Foreign Revenues. Permit revenues of Subsidiaries located in countries other than the United States or Canada in any Annual Fiscal Period to be greater than 25% of the consolidated revenues of the Loan Parties in such Annual Fiscal Period.
Foreign Revenues. Permit revenues of Subsidiaries located outside the United States or Canada or attributable to foreign operations located outside the United States or Canada in any Fiscal Year to be greater than 10% of the consolidated revenues of BarTech and the Subsidiaries in such Fiscal Year.
Foreign Revenues. HPE shall receive its sales fee and recoup its foreign sales expenses and costs referred to in Paragraph 5(a) above to the extent not included in the budget, provided that any additional expenses in excess of $250,000 have been approved by Platinum not to be unreasonably withheld, with the balance going into the "pot".
Foreign Revenues. With respect to revenues obtained by the Company in foreign countries, the Company shall make royalty payments to Columbia in the United States in United States dollars. Royalty payments for transactions outside the United States shall first be determined in the currency of the country in which they are earned, and then converted to United States dollars using the buying rates of exchange quoted by Citibank, N.A. (or its successor) in New York, New York for the last business day of the calendar quarter in which the royalties were earned.
Foreign Revenues. Permit revenues of foreign Subsidiaries or attributable to foreign operations in any fiscal year to be greater than 50% of the consolidated revenues of the Borrower and the Subsidiaries in such fiscal year.