Common use of Gross Profit Payment Clause in Contracts

Gross Profit Payment. (1) If the quotient of (A) the Actual Gross Profit for the First Calculation Period divided by (B) the LTM Gross Profit Target is equal to or less than 0.900, then no payment is due; or

Gross Profit Payment. (1) If the quotient of (A) the Actual Gross Profit for the First Second Calculation Period divided by (B) the LTM Gross Profit Target is equal to or less than 0.900, then no payment is due; or

Gross Profit Payment. (1) If the quotient of (A) the Actual Gross Profit for the First Calculation Period divided by (B) the LTM Annual Gross Profit Target is equal to or less than 0.9000.90, then no payment is due; or

Gross Profit Payment. (1) If the quotient of (A) the Actual Gross Profit for the First Second Calculation Period divided by (B) the LTM Annual Gross Profit Target is equal to or less than 0.9000.90, then no payment is due; or