Revenue Adjustment. The Purchase Price shall be decreased if the product of four times the aggregate revenues from the Business, as reported on the monthly profit and loss statements for the Business for the three full consecutive calendar months most recently completed prior to the Closing Date, less any portion of such revenues attributable to the Excluded Assets (the "Adjusted Annualized Closing Revenues"), are less than $8,054,100. Any decrease in the Purchase Price in accordance with this Section 1.4.3(b) shall be equal to the difference between the Adjusted Annualized Closing Revenues and $8,054,100 multiplied by 400% (the "Revenue Adjustment"); provided, that the Purchase Price shall not be decreased pursuant to this Section 1.4.3(b) to the extent that the Maximum Adjustment Amount shall have been reached.
Revenue Adjustment. The Purchase Price shall be adjusted (a) downward by an amount equal to all revenues, proceeds, and other monies received by Seller attributable to the ownership or operation of the Subject Assets after November 1, 2009 and (b) upward by an amount equal to all revenues, proceeds and other monies received by Buyer attributable to the ownership or operation of the Subject Assets prior to the close of business on November 1, 2009.
Revenue Adjustment. In the event the revenue reported in the Company’s annual report for the year ended December 31, 2016, filed by March 31, 2017, is less than $20,000,000, then the Exercise Price will be reduced by a percentage equal to the percentage by which such reported revenue is less than $20,000,000. For example, if the Company reports revenue of $16,000,000 for fiscal year 2016, then the Exercise Price then in effect will be reduced by twenty percent (20%).
Revenue Adjustment. The Purchase Price shall be decreased if the product of four times the aggregate revenues from the Business, as reported on the monthly profit and loss statements for the Business for the three full consecutive calendar months most recently completed prior to the Closing Date, less any portion of such revenues attributable to the Excluded Assets (the "Adjusted Annualized Closing Revenues"), are less than $__________. Any decrease in the Purchase Price in accordance with this Section 1.4.3(b) shall be equal to the difference between the Adjusted Annualized Closing Revenues and $__________ multiplied by 400% (the "Revenue Adjustment"); provided, that the Purchase Price shall not be decreased pursuant to this Section 1.4.3(b) to the extent that the Maximum Adjustment Amount shall have been reached.
Revenue Adjustment. (a) Following Closing, Parent and the Shareholder Representative shall determine and agree on, following the procedures described in subsections (c), (d), (e) and (f) of this Section 7.5, the Company's Annualized Additional Revenues.
Revenue Adjustment. The Purchase Price shall be adjusted: (a) downward by an amount equal to all revenues, proceeds, and other monies received by Seller or any of its Affiliates and attributable to the ownership or operation of the Assets on and after the Effective Date, including any such amounts received under the C&O Agreement; and (b) upward by an amount equal to all revenues, proceeds, and other monies received by Buyer or any of its Affiliates and attributable to the ownership or operation of the Assets prior to Effective Date, including any such amounts received under the C&O Agreement.
Revenue Adjustment. 3B.3.1 Where a Revenue Adjustment Amount has been calculated under Clause 3B.1 of Part B the equivalent System Allowable Revenue to that used in the calculation of that Revenue Adjustment Amount for the relevant Individual Coal System Infrastructure for the Year after the Year in which that Revenue Adjustment Amount was calculated (“2nd Year System Allowable Revenue”) will be adjusted in accordance with this Clause 3B.3.
Revenue Adjustment. (i) The Purchase Price will be adjusted at Closing in the event that the revenue for the Company’s fiscal year ended December 31, 2005 determined in accordance with IFRS is less than US$8,000,000 or is more than US$8,800,000. The Purchase Price at Closing will be determined as follows depending on the Company’s unaudited fiscal year ended December 31, 2005 revenue (the “Unaudited 2005 Revenue”): If Unaudited 2005 Revenue is greater than or equal to: But less than: Purchase Price shall be adjusted at Closing to: $ 7,000,000 $ 7,200,000 $ 10,500,000 $ 7,200,000 $ 7,400,000 $ 10,600,000 $ 7,400,000 $ 7,600,000 $ 10,700,000 $ 7,600,000 $ 7,800,000 $ 10,800,000 $ 7,800,000 $ 8,000,000 $ 10,900,000 $ 8,000,000 $ 8,800,000 $ 11,000,000 $ 8,800,000 $ 9,000,000 $ 11,100,000 $ 9,000,000 $ 9,200,000 $ 11,200,000 $ 9,200,000 $ 9,400,000 $ 11,300,000 $ 9,400,000 $ 9,600,000 $ 11,400,000 $ 9,600,000 $ 9,800,000 $ 11,500,000 For the purpose of the aforementioned revenue adjustment, the revenue figures of the Company expressed in Hungarian Forints shall be translated into US dollars on the basis of the “Yearly Average” exchange rate with the US dollar during 2005, as published by the Hungarian National Bank.
Revenue Adjustment. If the Audited 2005 Revenue results in further adjustment to the Purchase Price based on the table contained in Section 2.2 (b), the Purchase Price shall be adjusted either upwards or downwards within fourteen (14) days following the delivery of the Audited 2005 Revenue. If Audited 2005 Revenue is less than the Unaudited 2005 Revenue then the difference shall be paid to the Purchaser from the Escrow Account within 3 (three) Business Days from the delivery of the audited 2005 financial statements in accordance with Section 2.3 (b) above. If the Audited 2005 Revenue is higher than the Unaudited 2005 Revenue then the difference shall be paid by the Purchaser to the Sellers in one installment, in immediately available funds to the Sellers’ Account within 3 (three) Business Days from the delivery of the audited 2005 financial statements in accordance with Section 2.3 (b) above. For the purpose of the aforementioned revenue adjustment, the revenue figures of the Company expressed in Hungarian Forints shall be translated into US dollars on the basis of the “Yearly Average” exchange rate with the US dollar during 2005, as published by the Hungarian National Bank.
Revenue Adjustment. The Purchase Price shall be adjusted downward by an amount equal to the sum of all proceeds received by Seller between the Effective Time and the Closing Time (the “Adjustment Period”) attributable to the Assets and that are, in accordance with GAAP, attributable to the period of time after the Effective Time including: (i) proceeds from the sale of Oil and Gas (net of any production royalties or other Burdens on Production, transportation costs and of any Taxes on production including severance, conservation, and ad valorem Taxes, not reimbursed to Seller by the purchaser of production) produced from such Assets during the Adjustment Period and proceeds attributable to prepayments, and (ii) subject to Article IX hereof, proceeds from the sale, salvage or other disposition during the Adjustment Period of any property, equipment or rights included in such Assets; provided that there shall be no downward adjustment of the Purchase Price for proceeds received by Seller after the Effective Time in the form of checks deposited to Seller’s lockbox and which are either: (A) delivered and endorsed over to Buyer, or (B) negotiated by Seller and remitted to Buyer as part of the Final Purchase Price.
