Acquisition Milestone definition

Acquisition Milestone means the Company’s recognition on or prior to December 31, 2003, of more than $20 million in cumulative Net Revenues (as determined in accordance with generally accepted accounting principles, “GAAP” and consistent with the Company’s past practices) or more than $2.0 million in cumulative Operating Income on a pro forma basis (consistent with the Company’s past practices) derived from the operating results of one or more entities acquired in a Buy-Side Event or series of Buy-Side Events occurring during the Employment Term and before December 31, 2003.

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Acquisition Milestone means the acquisition by the Grant Recipient of a Secure Legal Interest in a Named Project; Acquisition Tranche Grant means, where the GLA has accepted an Acquisition Milestone on OPS (in its absolute discretion) and subject to Condition 6.3, such sum as is equivalent to the percentage of the Named Project Grant recorded on and agreed by the GLA through OPS; Acquisition Tranche Payment Date means in relation to a Named Project such date as the GLA may have accepted in OPS as the date on which a claim for Acquisition Tranche Grant may be made; Actual Development Costs means in respect of each Named Project the amount of Development Costs actually incurred by the Grant Recipient in acquiring, developing, and/or Rehabilitating (as applicable) that Named Project as such amount is warranted and certified by the Grant Recipient pursuant to Condition 14.4.4 and Condition 14.6.3; Additional Affordable Housing Dwelling means a house, flat or maisonette to be provided by the Grant Recipient as Affordable Housing in London during the period from 1 April 2021 to 31 March 2026 in respect of which the Grant Recipient did not seek grant funding from the GLA under any GLA programme (including any Previous AHP Programme) or utilise any RCGF Funds;

Acquisition Milestone has the meaning given to it in the section headed “Principal terms of the Receiver’s Borrowings Facility Agreement – Sale approval”; “Approved Cash Flow Forecast” weekly cash flow forecast in respect of the Receiver’s exercise of powers and duties as receiver of the Property to and including 30 May 2018 prepared by the Receiver and approved by Sonicfield; “Asset Purchase Agreement” has the meaning given to it in the section headed “Principal terms of the Receiver’s Borrowings Facility Agreement – Sale approval”;

Examples of Acquisition Milestone in a sentence

• Any such Acquisition Bonus shall be paid within thirty days of the date the Audit Committee (or an external consultant to the Audit Committee) determines that an Acquisition Milestone has been met in accordance herewith.

• The terms of the Receiver’s Borrowings Facility Agreement (including but not limited to the timetable on the Acquisition Milestone) also facilitates the completion of the Acquisition on terms satisfactory to the Company.

• Such annual bonuses shall be measured and include but not limited to the following metrics: Acquisition Milestone - $40,000 per completed acquisition payable the following quarter after the completion of the acquisition, Revenue Milestone - $40,000 for achieved annual revenue growth plan, Net Income Milestone - $60,000 for achieved annual net income growth plan.