Average Monthly Revenue definition

Average Monthly Revenue is defined as the most current information regarding the Assets’ average monthly revenue made available on the Broker’s website;

Average Monthly Revenue means for any period the average monthly gross revenue during such period of the business of the Company derived from clients who were clients of the Company as of the Closing Date; provided that Average Monthly Revenue shall exclude any revenue derived from the Company’s biotechnology business.

Average Monthly Revenue means the amount equal to the True-Up Revenue divided by three.

Examples of Average Monthly Revenue in a sentence

• A premium-only-plan is described in paragraph (a)(5) in § 1.125–1.

• November 2012 $ 4,538,904 December 2012 $ 4,631,283 Average Monthly Revenue levels for reporting periods following December 31, 2012 will be set by Bank based upon the board approved, fully-funded operating plan to be provided by Borrower pursuant to Section 6.2(viii).

• If the Average Monthly Revenue is less than such amount, the difference will be multiplied by twelve and the resulting amount will be subtracted from the Holdback Funds.

• January 2012 $ 2,891,866 February 2012 $ 3,018,075 March 2012 $ 3,302,673 April 2012 $ 3,442,604 May 2012 $ 3,614,587 June 2012 $ 3,810,783 July 2012 $ 4,015,056 August 2012 $ 4,229,079 September 2012 $ 4,449,482 October 2012 $ 4,676,584 November 2012 $ 4,902,278 December 2012 $ 5,128,470 Average Monthly Revenue levels for reporting periods following December 31, 2012 will be set by Bank based upon the board approved, fully-funded operating plan to be provided by Borrower pursuant to Section 6.2(viii).

• For purposes of this Agreement, a Franchisee's "Average Monthly Revenue" shall mean the average monthly total revenue of the Franchisee (exclusive of sales tax) from the sale, lease or rental of Inventory and other customary fees, calculated in accordance with generally accepted accounting principles applied on a consistent basis, for the three calendar months preceding the most recent periodic review of such Franchisee's Receivable(s).

More Definitions of Average Monthly Revenue

Average Monthly Revenue means the average monthly total revenue of the Franchisee (excluding sales tax and excluding revenues from Stores open for business less than one year) from the sale, lease or rental of Inventory and other customary fees, calculated in accordance with generally accepted accounting principles applied on a consistent basis, for the three calendar months preceding the most recent periodic review of such Franchisee’s Receivable. Notwithstanding anything in this section to the contrary, if the Advance Limit established pursuant to this section for Stores that have been open for business for one (1) year or more would otherwise be an amount that is less than the then outstanding balance of such Receivable for such Stores (each such Receivable is referred to herein as an “Overline Receivable”), the Advance Limit for such Overline Receivable will be set at the then outstanding balance thereof, and such Overline Receivable will continue to be administered as provided herein, unless Lender and ColorTyme agree otherwise. The Advance Limit for each Store that has not been open for business for one (1) year or more shall be the Credit Limit for such Store plus any Term Loan(s) related to such Store.”

Average Monthly Revenue means the average monthly total revenue of the Debtor from Stores that have been open for business for one (1) year or more (excluding sales tax and excluding revenues from Stores open less than one year) from the sale, lease or rental of inventory and other customary fees, calculated in accordance with generally accepted accounting principles applied on a consistent basis, for the three calendar months preceding the most recent periodic review of Debtor’s financial performance.

Average Monthly Revenue shall be calculated by dividing the total revenues generated from the Business for the twelve calendar months immediately preceding the date of this Agreement by twelve.

Average Monthly Revenue means the collected revenues attributable to the applicable PS Arrangements during the months of July and August, 1996 divided by two (2).

Average Monthly Revenue means an amount equal to the sum of (i) the 28 Day Cycle Average Monthly Xxxxxxxx (as defined below), plus (ii) the Average Monthly Xxxxxxxx (as defined below). The "28 Day Cycle Average Monthly Xxxxxxxx" shall mean an amount calculated by adding the amounts of the last three (3) 28 day cycle bills of each customer (as applicable), prior to the applicable measuring date, divided by three (3), multiplied by thirteen (13) and divided by twelve (12). The "Average Monthly Xxxxxxxx" shall mean an amount calculated by adding the last three (3) monthly bills of each customer (as applicable), prior to the applicable measuring date, divided by three (3). Any amounts attributable to sales tax and non-recurring revenue shall be excluded from the calculation.

Average Monthly Revenue means the average monthly total revenue (exclusive of sales tax and any fees or other income directly attributable to a PayDay Store) of the Franchisee from the sale, lease or rental of Inventory and other fees, calculated in accordance with generally accepted accounting principles applied on a consistent basis, for the three (3) calendar months preceding the most recent review of such Franchisee’s RTO Receivables. Notwithstanding anything in this section to the contrary, if the RTO Advance Limit established pursuant to this section would otherwise be an amount that is less than the then outstanding balance of such RTO Receivables (each such RTO Receivable is referred to herein as an “Overline Receivable”), the RTO Advance Limit for such Overline Receivable will be set at the then outstanding balance thereof, and such Overline Receivable will continue to be administered as provided herein, unless Bank and ColorTyme agree otherwise. The provisions of this section shall not apply to any RTO Receivable until the RTO Store for which the financing was provided under the RTO Receivable has been open for business for one (1) year.

Average Monthly Revenue means the average monthly revenue of the Business (which shall include, for the avoidance of doubt, the revenues achieved from the Domain Names and the Business Contract) determined in accordance with Schedule 6 (Determination of the Average Monthly Revenue) paragraph 1(c).