Aggregate Revenues definition
Examples of Aggregate Revenues in a sentence
As used in the preceding sentence, Minimum Revenue Targets shall mean: (i) in the first (1st) year of the Term, Aggregate Revenues of not less than Nine Million Dollars ($9,000,000) and (ii) in the second (2nd) year of the Term, Aggregate Revenues of not less than Twelve Million Dollars ($12,000,000).
The Parties agree that for the first $40,000,000.00 of Aggregate Revenues generated in an Annual Period, WebMD shall receive eighty percent (80%) of the Aggregate Revenues and AOL shall receive twenty percent (20%) of the Aggregate Revenues.
The Parties further agree that for any Aggregate Revenues generated over $40,000,000.00 in an Annual Period, WebMD shall receive sixty percent (60%) of the Aggregate Revenues and AOL shall receive forty percent (40%) of the Aggregate Revenues.
During the WebMD Renewal Term, the Parties agree that (i) the definition of Aggregate Revenues shall be extended to include revenues from all AOL online and offline healthcare related activities, including, but not limited to, advertising sales from AOL and AOL Time Warner, Inc.
If a Party possesses a greater percentage of the Aggregate Revenues for the prior quarter than is allotted pursuant to this Section 5.2.2, the Party shall wire, within ten (10) business days, to the other Party, pursuant to the instructions below, funds sufficient to ensure that each Party possesses their allotted share of the Aggregate Revenues.
AOL shall retain one hundred percent (100%) of Aggregate Revenues from $15,000,001 to $20,000,000 generated during each Renewal Term Year.
As promptly as practical but no later than thirty (30) days following the end of each fiscal quarter, AOL and WebMD will exchange data sufficient to detail and describe the Aggregate Revenues that each Party generated in the prior quarter (“Revenue Data”).
Aggregate Revenues of more than twenty million dollars ($20,000,000) generated during each Renewal Term Year shall be shared forty percent (40%) to AOL and sixty percent (60%) to WebMD.
WebMD hereby certifies that Schedule 1 includes all Aggregate Revenues (defined in Section 5.2.1) accrued during the first Renewal Term Year.
WebMD shall provide a certification with its reporting at the end of each Renewal Term year certifying that such reporting includes all Aggregate Revenues for such Renewal Term Year.