Actual Gross Profit definition

Actual Gross Profit is the gross profit of the Company during the applicable Calculation Period, as set forth on the Company’s financial statements for such period, which shall be prepared in accordance with GAAP as in effect on the Closing Date consistent with the Company’s past practice and the principles of preparation and sample calculations set forth on Schedule 1.05(c)(viii).
Sample 1
Actual Gross Profit has the meaning set forth in Section 1.05(c).
Sample 1
Actual Gross Profit means the actual Gross Profit of the Companies for calendar year 2005.
Sample 1

Examples of Actual Gross Profit in a sentence

  • On or before April 15th of the calendar year following the applicable Earnout Year, Buyer shall provide Appointed Agent with an unaudited income statement of Buyer with respect to such Earnout Year, together with a calculation of the Earnout Actual Gross Sales, Earnout Actual Gross Profit and Earnout Payment Ratio for such Earnout Year (the “Preliminary Earnout Statement”).

  • On or before April 15th of the calendar year following the applicable Earnout Year, Buyer shall provide Appointed Agent with an unaudited income statement of Buyer with respect to such applicable Earnout Year, together with a calculation of the Earnout Actual Net Sales, Earnout Actual Gross Profit, Earnout Actual Factor, Earnout Annual Ratio for such applicable Earnout Year and, in the case of the third Earnout Year, the Earnout Aggregate Ratio (the “Preliminary Earnout Statement”).

  • If the ratio of the applicable Actual Gross Profit over the applicable Target Gross Profit is below 0.75 on the relevant Earnout Determination Date, Sellers will not be entitled to any additional cash consideration for the applicable period.

  • The Parties agree that such income statement shall be prepared in accordance with GAAP as applied by Buyer on a consistent basis except (i) for the absence of footnote disclosure and (ii) expenses historically treated by Sellers as operating expenses that, under GAAP, are included in cost of sales (e.g., freight) shall be added to Earnout Actual Gross Profit for purposes of calculating the Annual Earnout Payments to which the Sellers are entitled, if any.

  • If, and only if, there is (i) a Year One Gross Profit Shortfall (and Actual Gross Profit for the First Calculation Period is at least 95% of the Annual Gross Profit Target) and (ii) a Year Two Gross Profit Overachievement, then an additional payment in respect of the First Calculation Period will be paid to the Stockholders following the Second Calculation Period.

  • In the event that the ratio of the applicable Actual Gross Profit over the applicable Target Gross Profit is above 1.25 on the relevant Earnout Determination Date, Sellers will not be entitled to any additional cash consideration, calculated on a cumulative basis over the course of the three-year period in which Earnout Amounts are paid, that is above the Maximum Earnout Amount.

  • In the event that the Company collects any amounts in respect of the Closing Date Contractual Allowances, then (i) such amounts shall be disregarded for purposes of calculating Actual Revenue and Actual Gross Profit during the Calculation Periods and (ii) the Annual Revenue Target and the Annual Gross Profit Target shall be increased, on a dollar for dollar basis, in the amount of such collections.


More Definitions of Actual Gross Profit

Actual Gross Profit means (i) product sales revenue generated from the sale of fuel, additives and diesel exhaust fluid to Energy Sector Customers, plus (ii) Field Service Fee Revenue, minus (iii) the cost of fuel sold to Energy Sector Customers which shall be capped based on a comparison with OPIS Low prices (as described on Schedule 1.1(i)), minus (iv) the cost of additives and diesel exhaust fluid sold to Energy Sector Customers, minus (v) Field Service Direct Labor Cost, minus (vi) a capital charge for any Actual Gross Profit generated in Texas based on the capital expenditures, in accordance with Xxxxxxx’x capital expenditure policies, directly used to support the Texas operations and amortized over an eight year period. For the avoidance of doubt, there shall be no indirect or direct overhead costs or any capital charges included in the calculation of Actual Gross Profit other than those listed above. “Affiliate” has the meaning set forth in Section 9.11(a). “Agreement” has the meaning set forth in the preamble of this Agreement. “Antitrust Laws” means the Xxxxxxx Antitrust Act, as amended; the Xxxxxxx Antitrust Act of 1914, as amended; the HSR Act; the Federal Trade Commission Act of 1914, as amended; and all other federal, state and foreign statutes, rules, regulations, orders, decrees, administrative and judicial doctrines, and other laws that are designed or intended to prohibit, restrict or regulate actions having the purpose or effect of monopolization or restraint of trade. “APKS” has the meaning set forth in Section 5.12. “Applicable Law” has the meaning set forth in Section 3.5. “Arbiter” has the meaning set forth in Section 2.7(e)(i). “Asset Sale” has the meaning set forth in Section 2.1(b). “Assignment and Assumption of Lease” has the meaning 2.5(c)(iv). “Assumed Liabilities” has the meaning set forth in Section 2.3. “Xxxxx” has the meaning set forth in Section 5.12. “Base Purchase Price” means $33.75 million. “Basket Amount” has the meaning set forth in Section 8.4(a). “Xxxx of Sale” has the meaning set forth in Section 2.5(c)(i).
Sample 1
Actual Gross Profit means (i) product sales revenue generated from the sale of fuel, additives and diesel exhaust fluid to Energy Sector Customers, plus (ii) Field Service Fee Revenue, minus (iii) the cost of fuel sold to Energy Sector Customers which shall be capped based on a comparison with OPIS Low prices (as described on Schedule 1.1(i)), minus (iv) the cost of additives and diesel exhaust fluid sold to Energy Sector Customers, minus (v) Field Service Direct Labor Cost, minus (vi) a capital charge for any Actual Gross Profit generated in Texas based on the capital expenditures, in accordance with Xxxxxxx’x capital expenditure policies, directly used to support the Texas operations and amortized over an eight year period. For the avoidance of doubt, there shall be no indirect or direct overhead costs or any capital charges included in the calculation of Actual Gross Profit other than those listed above.
Sample 1
Actual Gross Profit means the total compensation actually received by the Company from projects for clients/agencies directed by Service Provider, less all direct costs of production (including, without limitation, the costs of talent and subcontracts, editorial, insurance per bid where the Company provides the insurance, Director’s Fees, DGA contributions, treatment, presentation and pitch costs for the Project and costs paid in connection with a Project that are not otherwise set forth in the budget for the Project, and all costs that fall within or that are listed as Items A-K (including any A-K broken out below the line on the then-applicable AICP bid form) (“Actualized Costs”), and less sales and overhead costs equal to eight percent (8%) of those items that fall within the budget categories identified as Items A-K of the awarded bid including any A-K items broken out below the line on the then applicable AICP bid form (“Overhead Fee”).
Sample 1
Actual Gross Profit means (i) product sales revenue generated from the sale of fuel, additives and diesel exhaust fluid to Energy Sector Customers, plus (ii) Field Service Fee Revenue, minus (iii) the cost of fuel sold to Energy Sector Customers which shall be capped based on a comparison with OPIS Low prices (as described on Schedule 1.1(i)), minus (iv) the cost of additives and diesel exhaust fluid sold to Energy Sector Customers, minus (v) Field Service Direct Labor Cost, minus (vi) a capital charge for any Actual Gross Profit generated in Texas based on the capital expenditures, in accordance with Sprague’s capital expenditure policies, directly used to support the Texas operations and amortized over an eight year period. For the avoidance of doubt, there shall be no indirect or direct overhead costs or any capital charges included in the calculation of Actual Gross Profit other than those listed above.
Sample 1

Related to Actual Gross Profit

  • Actual Uptime means, of the Total Operation Hours, the aggregate number of hours in any month during which each equipment is actually available for use.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Actual/360 means that interest is calculated on the basis of the actual number of days elapsed in a year of 360 days.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Gross laden weight means the actual weight of a vehicle or combination of

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Net Revenues means the difference between:

  • Actual weight means the actual unladen weight of a vehicle or combination of

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Actual miles means the actual distance a vehicle has traveled while in operation.

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Net Sales means [***].

  • own-source revenue means adjusted underlying revenue other than revenue that is not under the control of council (including government grants)