Core Revenue definition

Core Revenue means the Company's commission revenue net of any commissions paid to any third party producing agent or agency, or to any third party broker, but shall not include contingent commissions, override commissions, first year life insurance commissions or any income item (such as interest and countersignature fees) other than earned commissions and fees earned in lieu of commissions. Revenues generated from any one account shall not be included more than once in any twelve-month period in determining Core Revenue for such period. Core Revenue will be determined in accordance with generally accepted accounting principles. Specifically, direct ▇▇▇▇ revenue is recognized when received (cash basis) and agency ▇▇▇▇ revenue is recognized on the later of the effective date of the policy installment or the date the installment is billed to the customer.

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Core Revenue all Commissions and Service Fees earned from the Total Book of Business of the Earn-Out Locations, including Contingent Revenues (subject to the limitations set forth below).

Core Revenue means Target's commission revenue net of any commissions paid to any third party producing agent or agency, or to any third party broker, but shall not include contingent commissions, override commissions, first year life insurance commissions, or any income item (such as interest and countersignature fees) other than earned commissions and fees earned in

Examples of Core Revenue in a sentence

Buyer shall be satisfied that the Company, on a consolidated basis, have Tangible Net Worth (as defined herein) as of the Closing Date of at least ten percent (10%) of the Company's consolidated Core Revenue for the twelve (12) month period ended July 31, 2000.
For greater certainty, where the Shopify Core Revenue Share is applicable under this RSA, the Shopify Core Revenue Share will supersede and replace any other Fees owing under the Partner Terms with respect to the applicable Shopify Core Merchant’s use of the Exempt App.
Buyer shall be satisfied that the Company has a tangible net worth, after purchasing an errors & omissions tail policy pursuant to Section 6.8 and after all distributions to the Shareholders, of at least ten percent (10%) of the Company's Core Revenue for the twelve (12) month period ended as of the Closing Date.
All of the following (if any) that, due to the appointment requirements of Carriers of Employee Benefits Products or Services, may be held or paid in the name of an employee or independent contractor of any Seller: (i) Client Accounts and related Records within the Total Book of Business, (ii) Contracts with Carriers, and/or (iii) any Core Revenue.
Buyer shall be satisfied that the Company has a Tangible Net Worth (as defined below), as of the Closing Date, of at least ten percent (10%) of the Company's Core Revenue (defined below) for the twelve (12) month period ending as of the Closing Date.
The Shopify Core Revenue Share will be paid to Shopify in US dollars by method of wire transfer and such payments will be made on a monthly basis.
This Agreement shall terminate on June 30, 2022, with an annual option to renew for up to four years, which must be requested one month prior to the termination date, unless terminated pursuant to paragraph 4 (Termination), or paragraph 5 (Appropriations).
Notwithstanding anything in the foregoing to the contrary, the accounting for any account for purposes of determining Year 1, Year 2 or Year 3 Agency Core Revenue shall be done in such a manner as to prevent any commissions which are earned in one year from being counted in two years and in such a manner as to prevent two years of commissions from any such account as being earned in any one year.
The Warranting Persons represent and warrant, jointly and severally as if such representation and warranty were made a part of Section 6 of this Agreement, that the Core Accounts and Agency Core Revenue determined as of December 31, 1995 have been determined in accordance with HRH GAAP Policy and are true, accurate and complete as of that date.
As used herein, the term "Agency Core Revenue" shall mean the net commissions and fees recognized by the Surviving Corporation from the fifteen (15) largest accounts of the Agency, which accounts shall initially be determined as of December 31,1995 and shall be set forth in Schedule 3.2 (and which accounts shall be referred to herein as the Core Accounts ), and for each of the twelve (12) month periods beginning March 1, 1996 ("Year 1"), March 1, 1997 ("Year 2"), and March 1, 1998 ("Year 3").

More Definitions of Core Revenue

Core Revenue as determined in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) and reported in the Company’s publicly filed financial statements, excluding ▇▇▇▇.▇▇▇ and SEMplest LLC.

Core Revenue means commission revenue net of any commissions paid to any third party producing agent or agency, or to any third party broker, but shall not include contingent commissions, first year life insurance commissions or any income item (such as interest and countersignature fees) other than earned commissions and fees earned in lieu of commissions. Revenues generated from any one account shall not be included more than once in any twelve-month period in determining Core Revenue for such period. Core Revenue will be determined in accordance with generally accepted accounting principles. Specifically, direct bil▇ ▇▇venue is recognized when received (cash basis) and agency bil▇ ▇▇venue is recognized on the later of the effective date of the policy installment or the date the installment is billed to the customer.

Core Revenue means commission revenue net of any commissions paid to any third party producing agent or agency, or to any third party broker (plus as interest income equal to one percent (1%) of such actual commission revenue), but shall not include contingent commissions, override commissions, first year life insurance commissions or any income item (such as countersignature fees) other than earned commissions and fees earned in lieu of commissions. Revenues generated from any one account shall not be included more than once in any twelve-month period in determining Core Revenue for such period. Core Revenue will be determined in accordance with generally accepted accounting principles. Specifically, direct bill revenue is recognized when received (cash basis) and agency bill ▇▇▇enue is recognized on the later of the effective date of the ▇▇▇▇cy installment or the date the installment is billed to the customer; and

Core Revenue means commission revenue net of any commissions paid to any third party producing agent or agency, or to any third party broker, but shall not include late fees charged to clients, contingent commissions, override commissions, first year life insurance commissions, any life insurance commissions for policies written on the lives of any director, officer or key employee of the Company, the Shareholder, Parent, NAICO, or any other Affiliate of any of the foregoing entities, or any family member of any director, officer or key employee of the Company, the Shareholder, Parent, NAICO, or any other Affiliate of any of the foregoing entities, or any income item (such as interest and countersignature fees) other than earned commissions and fees earned in lieu of commissions. Revenues generated from any one account shall not be included more than once in any twelve (12)-month period in determining Core Revenue for such period. Core Revenue shall be determined in accordance with generally accepted accounting principles and in any event in accordance with Buyer's standard accounting methodology and procedures. Specifically, direct bill revenue is recognized when received (cash basis) and agency bill re▇▇▇▇e is recognized on the later of the effective date of the pol▇▇▇ installment or the date the installment is billed to the customer.