Covered Revenue definition

Covered Revenue means any fees, charges or other revenues that are (i) characterized as (x) Gross Revenues (without giving effect to clause (c) in the definition of Gross Revenues related to Allocated Other Revenue) or (y) Revenues Attributable to Lessee CapEx, in each case under this Agreement or any other Lease; (ii) Excluded Revenues under this Agreement or any other Lease or (iii) generated from the Rate Base of regulated assets owned or operated by a party other than Lessor or a subsidiary thereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Covered Revenue means Franchisee Covered Revenue or Owned Covered Revenue, as applicable.

Covered Revenue means the aggregate amount of revenue included on the income statement of a person from the sale by such person of Covered Products during a specified period, as determined in accordance with generally accepted accounting principles.

Examples of Covered Revenue in a sentence

• The parties acknowledge and agree that Fees shall be payable with respect to Covered Revenue Earned by the Licensee Group from the performance of Authorized Brokerage Services in the Option Countries pursuant to the terms and subject to the conditions contained in Article V of the License Agreement.

• With respect to Fees calculated on Covered Revenue Earned outside the United States upon exercise of the Option, payments shall be calculated based on currency exchange rates for the calendar quarter for which remittance is made for Fees.

• The Revenue Pool will be fifteen percent (15%) of the revenue actually received by the Employer directly in connection with the Covered Revenue.

• The sales and marketing agreement shall provide that NewsEdge has the right to sublicense Elogic Enterprise Technology in connections with distribution of the Products which generate Covered Revenue (as defined in Section B(2) below).

• The Revenue Pool is defined as twenty-percent (20%) of the revenue actually received by the Employer during the Plan Period (as defined below) directly in connection with the Covered Revenue minus twenty percent (20%) for cost of sales and production.

More Definitions of Covered Revenue

Covered Revenue has the meaning set forth in Section 2.2(d).

Covered Revenue means all Revenues booked, recognized or recorded in the period beginning on the Effective Date and continuing through the Termination Date.

Covered Revenue means any fees, charges or other revenues (a) that are characterized as Unadjusted Gross Revenues (or Gross Revenues) for purposes hereof or for purposes of any other similar lease (x) between Lessee and Lessor or an affiliate thereof or (y) between Lessee and any of its wholly-owned subsidiaries, (b) that are specifically excluded from the definition of “Gross Revenue” hereunder or under any similar lease, or (c) that are generated from the Rate Base of regulated assets owned or operated by a party other than Lessor or a subsidiary thereof.

Covered Revenue means, with respect to any period, the sum of all amounts payable to EVERTEC in connection with the Popular Parties’ receipt of Services or purchases from EVERTEC of other products or services under this Master Agreement; provided, however, that Covered Revenue shall be subject to adjustment as follows:

Covered Revenue means the amount actually paid to Parent or --------------- the Surviving Corporation by the Covered Accounts for products and software shipped to the Covered Accounts during the period commencing on the day after the date of this Agreement and ending on the second anniversary of the date of this Agreement, net of all discounts, concessions, allowances, product returns, warranty costs, and similar costs. In order to qualify as Covered Revenue, payments have to be received by Parent or the Surviving Corporation no later than thirty (30) days after the second anniversary of the date of this Agreement.

Covered Revenue is all Enterprise Revenue excluding professional services and installation revenue (which for purposes of deductions from Enterprise Revenue, shall not be deemed to exceed 5% of Enterprise Revenue). "Enterprise Revenue" is all NewsEdge revenue other than NewsEdge's segmented ▇▇▇▇▇▇▇▇▇▇.▇▇▇ revenue. All earned royalties will be first paid with the advance royalties described in Section B(1) above. Any excess royalties during the two (2) year development term shall be paid within forty-five (45) days after each calendar year end; upon exercise by NewsEdge of any optional extension pursuant to Section A(5) above, royalties shall be determined quarterly rather than on an annual comparative basis and shall be paid within thirty (30) days after the end of each of NewsEdge's fiscal quarters. For an illustration of how the royalties are computed, see below: In Millions of Dollars: Year Newz Growth Revenue Covered Royalty @ % of Total Revenue Rate Floor Revenue 7.50% Revenue --------------------------------------------------------------------------------------------------------- 1999 70.0 2000 80.5 15% 56.0 24.5 1.8 2.28% 2001 100.6 25% 64.4 36.2 2.7 2.70% 2002 130.8 30% 80.5 50.3 3.8 2.88% Royalty includes minimum guarantee of $1.5 million in year 2000 and 2001. The start date for the royalty calculation is January 1, 2000. In the event that the first product is not completed by June 30, 2000, NewsEdge may cancel this agreement with no further obligations.

Covered Revenue has the meaning set forth in Section 2.4(a) hereof.