Operating Targets Sample Clauses

Operating Targets. As of the date of Closing, Company and the Related Company shall meet the following minimum operating thresholds: (i) Company (for the nine (9) month period ended at September 30, 1996), and the Related Company (for the nine (9) month period ended at August 31, 1996) shall have achieved aggregate net revenues of no less than Twenty One Million One Hundred Sixty Four Thousand Dollars ($21,164,000.00); (ii) Company (for the nine (9) month period ended at September 30, 1996) and the Related Company (for the nine (9) month period ended August 31, 1996) shall have achieved aggregate EBITDA, recast to include the expense assumptions found in the Geneva Review, of no less than One Million Six Hundred Seventy Seven Thousand Dollars ($1,677,000.00); and (iii) since September 30, 1996, and except as required in the ordinary and usual course of the Business, no assets have been removed, distributed, assigned or paid by or from Company or Shareholder. With regard to any EBITDA Shortfall, Parent shall have the option of closing this transaction and applying an offset against the Merger Consideration, as described in Section 3.2 hereof.
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Operating Targets. 3.1 We set out our approach to measure operating targets in our Operations Manual. These describe our performance targets, but they are not expressed as binding performance levels.
Sample 1
Operating Targets. For the six (6) month period ended at January 31, 1997, Seller achieved net revenues actual receipts of approximately Six Million Six Hundred Fifteen Thousand Dollars ($6,615,000.00), of which no less than Three Million Four Hundred Ten Thousand ($3,410,000.00) shall have been derived from combined long-term care pharmacy and IV therapy Net Revenues.
Sample 1
Operating Targets. As of the date of Closing, Seller and the Business shall meet the following minimum operating thresholds: for the six (6) month period ended at January 31, 1997, Seller achieved net revenues actual receipts of approximately Six Million Six Hundred Fifteen Thousand Dollars ($6,615,000.00), of which no less than Three Million Four Hundred Ten Thousand ($3,410,000.00) shall be derived from combined long-term care pharmacy and IV therapy Net Revenues.
Sample 1
Operating Targets. 24 7.9 Approval of Board of Directors......................... 24 7.10 Exhibits............................................... 24 ARTICLE VIII. OBLIGATIONS OF COMPANY AND SHAREHOLDER AT CLOSING................................................ 24 8.1
Sample 1
Operating Targets. As of the date of Closing, Company and the Business ------------------ will meet the following minimum operating thresholds: (i) for the twelve (12) month period ended December 31, 1996, Company will have suffered a loss, before interest and taxes, of no more than Eight Thousand and No/100 Dollars ($8,000.00) and revenues, net of contractual adjustments, bad debt reserves, bad debt write-offs and billing adjustments of at least One Million One Hundred Nineteen Thousand and No/100 Dollars ($1,119,000.00); and (ii) as of the date of Closing, the Assets will have an aggregate book value of at least One Hundred Ten Thousand and No/100 Dollars ($1 10,000.00). The Assets will be free and clear of all liabilities and encumbrances whatsoever other than the Continuing Liabilities.
Sample 1
Operating Targets. As of the date of Closing, Company and the Business shall meet the following minimum operating thresholds: (i) for the seven (7) month period ended July 31, 1996, Company shall have achieved annualized earnings before interest and taxes (adjusted for owner related and non-recurring expenses) of no less than One Million Three Hundred Thousand and No/100 Dollars ($1,300,000.00) (including an appropriate credit for earnings related to unrecorded nutrition revenues, estimated to be $200,000 on an annual basis); (ii) for the seven (7) month period ended July 31, 1996, Company shall have achieved annualized net revenues of no less than Ten Million Five Hundred Thousand and No/100 Dollars ($10,500,000.00); and (iii) that since December 31, 1995 and except as required in the ordinary and usual course of the Business, no assets have been removed, distributed, assigned or paid by or from Company or Shareholders. As of the date of Closing, the Assets shall have an aggregate net book value of no less than Three Million Five Hundred Thousand and No/100 Dollars ($3,500,000.00). The Asset shall be free and clear of all liabilities and encumbrances whatsoever other than the Assumed Liabilities.
Sample 1
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Operating Targets. This section is not applicable.
Sample 1
Operating Targets. Not applicable to this Agreement.
Sample 1

Related to Operating Targets

  • Targets a) Seller’s supplier diversity spending target for Work supporting the construction of the Project prior to the Commercial Operation Date is ____ percent (___%) as measured relative to Seller’s total expenditures on construction of the Project prior to the Commercial Operation Date, and;

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

  • Milestones Subject to the provisions of the SGIP, the Parties shall agree on milestones for which each Party is responsible and list them in Attachment 4 of this Agreement. A Party’s obligations under this provision may be extended by agreement. If a Party anticipates that it will be unable to meet a milestone for any reason other than a Force Majeure event, it shall immediately notify the other Parties of the reason(s) for not meeting the milestone and (1) propose the earliest reasonable alternate date by which it can attain this and future milestones, and (2) requesting appropriate amendments to Attachment 4. The Party affected by the failure to meet a milestone shall not unreasonably withhold agreement to such an amendment unless it will suffer significant uncompensated economic or operational harm from the delay, (1) attainment of the same milestone has previously been delayed, or (2) it has reason to believe that the delay in meeting the milestone is intentional or unwarranted notwithstanding the circumstances explained by the Party proposing the amendment.

  • Project Plan Development of Project Plan Upon the Authorized User’s request, the Contractor must develop a Project Plan. This Project Plan may include Implementation personnel, installation timeframes, escalation procedures and an acceptance plan as appropriate for the Services requested. Specific requirements of the plan will be defined in the RFQ. In response to the RFQ, the Contractor must agree to furnish all labor and supervision necessary to successfully perform Services procured from this Lot. Project Plan Document The Contractor will provide to the Authorized User, a Project Plan that may contain the following items: • Name of the Project Manager, Contact Phone Numbers and E-Mail Address; • Names of the Project Team Members, Contact Phone Numbers and E-Mail Address; • A list of Implementation milestones based on the Authorized User’s desired installation date; • A list of responsibilities of the Authorized User during system Implementation; • A list of designated Contractor Authorized Personnel; • Escalation procedures including management personnel contact numbers; • Full and complete documentation of all Implementation work; • Samples of knowledge transfer documentation; and • When applicable, a list of all materials and supplies required to complete the Implementation described in the RFQ. Materials and Supplies Required to Complete Implementation In the event that there are items required to complete an Implementation, the Contractor may request the items be added to its Contract if the items meet the scope of the Contract. Negotiation of Final Project Plan If the Authorized User chooses to require a full Project Plan, the State further reserves the right for Authorized Users to negotiate the final Project Plan with the apparent RFQ awardee. Such negotiation must not substantively change the scope of the RFQ plan, but can alter timeframes or other incidental factors of the final Project Plan. The Authorized User will provide the Contractor a minimum of five (5) business days’ notice of the final negotiation date. The Authorized User reserves the right to move to the next responsible and responsive bidder if Contractor negotiations are unsuccessful.

  • Acquisition Target Not Selected Prior to the date hereof, the Company has not selected any business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

  • Operating Plan To Agent and Lenders, as soon as available, but not later than thirty (30) days after the end of each Fiscal Year, an annual combined operating plan (the "Operating Plan") for Parent and its Subsidiaries, approved by the Board of Directors of Parent, for the following Fiscal Year, which (i) includes a statement of all of the material assumptions on which such plan is based, (ii) includes projected monthly income statement, balance sheets and source and use of funds for the following year and (iii) Borrowing Availability projections, all prepared on the same basis and in similar detail as that on which operating results are reported (and in the case of cash flow projections, representing management's good faith estimates of future financial performance based on historical performance), and including plans for personnel, Capital Expenditures and facilities.

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Development Schedule The Project shall substantially comply with the specific timetables and triggers for action set forth in Article 5 of this Agreement. The parties acknowledge that, as provided in G.S. 160A-400.25(b), the failure to meet a commencement or completion date shall not, in and of itself, constitute a material breach of this Agreement pursuant to G.S. 160A-400.27 but must be judged based upon the totality of the circumstances.

  • Project Team To accomplish Owner’s objectives, Owner intends to employ a team concept in connection with the construction of the Project. The basic roles and general responsibilities of team members are set forth in general terms below but are more fully set forth in the Design Professional Contract with respect to the Design Professional, in the Program Management Agreement with any Program Manager, and in this Contract with respect to the Contractor.

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