Sales Target. 15.2.1 If the Seller does not succeed in securing bankable pre-sales of 54 Units of the Units in the Scheme by no later than 1 December 2022 (“the target date”), the Seller shall have the right to cancel this agreement by giving written notice of the Seller’s election to cancel, which notice shall be given within 30 (thirty) calendar days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be limited to):
Sales Target. The annul selling amount shall be increased by 5% from that of year 2005. Within the validity period of this agreement, if Party B’s sale drops by 20% in a single month or dropped by 10% for three consecutive months without valid reasons, Party A has the right to terminate this agreement.
Sales Target. 4.1 The sales target should be fulfilled by Party B within the term shall be RMB7.1 million, which shall be calculated as the payment made to Party A to Party B for the products purchased.
4.2 Any or all preferential policies of Party A shall be applied to Party B if such sales target has been fulfilled.
Sales Target. 2.2.1 If the Seller does not succeed in securing bankable pre-sales of 90% (ninety percent) of the total number of Units in the Scheme by no later than 1 June 2015 (“the target date”), the Seller shall have the right to cancel this agreement by giving the Purchaser written notice of the Seller’s election to cancel, which notice shall be given within 5 (five) days after the expiry of the target date. For the sake of clarity it is recorded that a bankable pre-sale shall be a sale which is compliant with the requirements of the financial institution granting a development loan to the Seller as contained in the terms and conditions of the grant of such loan. Pre-sale requirements shall include (but not be restricted to): a fully signed Agreement of Sale; deposit paid to the Transferring Attorneys; and payment of the balance of the purchase price fully secured by approval of a mortgage loan and/or cash paid to the Transferring Attorneys.
2.2.2 If the Seller elects to cancel the sale as contemplated in 2.2.1 above, the deposit together with interest earned thereon shall be refunded to the Purchaser and the Purchaser shall have no claim of any nature against the Seller arising from the cancellation of this agreement or the sale contained therein.
Sales Target. On or before November 1 of each calendar year during the term hereof, the Parties shall agree to non-binding annual sales targets for the Products in each Territory (the “Sales Target”) to be used by the Parties to estimate volumes and as factor in determining the pricing of the Products. Each Party shall use its commercially reasonable best efforts in order to achieve the Sales Target.
Sales Target. The net sales generated by the Business ("Net Sales") for the twelve months ended December 31, 1998, were at least $1,478,752, and for the three months ended March 31, 1999 were at least $485,376.
Sales Target. 8.1 No sales target is imposed on Licensee.
Sales Target. Both parties determined the sales target that stated within this agreement. The sale target is only for the references propose and it is nothing related to the terms of reward and penalty. Upon bilateral agreement, the sales target for the term of this agreement should be a 5% increase of sales from the previous period. In order to protect both parties’ interests, Party A shall promise to continuously improve the quality of magazines, adopt the effective methods of promotion. During the term of this agreement, Party A shall inform Party B if it intends to adjust the magazine prices and design, publish additional editions and consolidating editions. Both parties should evaluate the market impacts of these changes and reach a bilateral agreement. If there is any substantial impact, an adjustment of sales target will be appropriate.
Sales Target. During the term of this Agreement, IFN will meet with ETC on a semi-annual basis during the months of October and April and provide ETC with monthly revenue projections for the subsequent six (6) month period, beginning in January and July of the projection year. Upon agreement between IFN and ETC, these projections will become IFN’s monthly Sales Target for the applicable six (6) month periods.
Sales Target. Encore's sales for the nine (9)-month period ended September 27, 1996 shall have been at least $11,400,000 and Encore shall have delivered to HCAC an unaudited income statement reflecting same, certified as true by the President of Encore and reviewed by Price Waterhouse L.L.P.
