Earnout Revenue definition

Earnout Revenue means, for an Applicable Period, the sum of, without duplication,

Earnout Revenue means all Included Revenue booked by Buyer during the Earnout Period.

Earnout Revenue means all revenue recognized by the Buyer or any of its Affiliates in respect of the Company Products during the Earnout Period, determined in accordance with the methodology set forth on Exhibit C; provided that, for any revenue recognized by Buyer or any of its Affiliates with respect to any Company Product bundled or sold in connection with any products or services of Buyer that are not Company Products, the revenue recognized shall be deemed equal to the prevailing rates for such Company Product assuming it was sold on a standalone basis.

Examples of Earnout Revenue in a sentence

• The Subordinated Note – Earn-out Revenue for any calendar year during the Subordinated Note – Earn-out Period shall be the gross revenue generated by the centres related to the Tampa Acquisition during such calendar year.

• The Subordinated Note – Earn-out for any given calendar year during the Subordinated Note – Earn-out Period shall be equal to 50% of any positive difference calculated by subtracting the Base Revenue ($16,000,000) for such calendar year from the Subordinated Note – Earn-out Revenue (defined below) for such calendar year.

• If Subordinated Note – Earn-out Revenue for any calendar year of the Subordinated Note – Earn-out Period is less than or equal to $16,000,000, no Subordinated Note – Earn-out shall be payable for such calendar year.

• Management estimated the fair value of Subordinated Note – Earn-out as at May 11, 2018 of $160,790 based on a discount rate of 8.75% and management’s estimated probability-weighted range of Subordinated Note – Earn-out Revenue during the Subordinated Note – Earn-out Period (it is considered a Level 3 liability as described in note 14).

• The Parties shall enter into a customary engagement letter with the Independent Firm at or prior to the time the Earnout Revenue Threshold Reduction Disputed Items are submitted to the Independent Firm.

More Definitions of Earnout Revenue

Earnout Revenue means net revenue of the Surviving Corporation, its Subsidiaries, Parent, and Parent’s direct or indirect Subsidiaries and Affiliates derived from (i) the sale or license of products and services of the Surviving Corporation that are currently marketed and sold by the Company, (ii) the sale or license of products and services of the Surviving Corporation that will be marketed and sold by the Surviving Corporation during the period beginning on the Effective Time and ending on December 31, 2013, to the extent that such products and services are demonstrably within the technology roadmap of the Company prior to the Effective Time, and (iii) IP License Activity, which net revenue is, in the case of clauses (i), (ii) and (iii) earned during the fiscal year ending on December 31, 2013 and determined in accordance with GAAP, as applied historically and described on Schedule 1.01; provided, that for the avoidance of doubt, Earnout Revenue shall not be deemed to include any revenue derived from products or services of Parent or any direct or indirect Subsidiary thereof, other than the Surviving Corporation and its Subsidiaries; provided, further, Earnout Revenue shall not be deemed to include any rental, lease or sale revenue or any other pass-through revenue; provided, further, Earnout Revenue derived from IP License Activity shall be (i) calculated on an annual recurring basis, (ii) subject to a maximum amount to be included on an annual basis of $1,000,000, (iii) determined net of legal costs incurred with respect to IP License Activity from the date hereof through the date of final determination of Earnout Revenue, including prosecution and defense of Company Registered IP, and (iv) not less than zero.

Earnout Revenue gross revenue, determined in accordance with GAAP, attributable to the post-Closing Business as a standalone entity in accordance with the Operating Plan, but excluding revenue from sales of Assets not contemplated by the Operating Plan, except as otherwise approved by Buyer.

Earnout Revenue has the meaning set forth in Section 3.6(a).

Earnout Revenue is the gross revenue derived from the Earnout Business during the Earnout Period, as determined in accordance with GAAP as consistently applied in connection with the operation of the Earnout Business in the twelve month (12) period prior to the Closing.

Earnout Revenue means Actual Earnout Revenue; provided, however, that in the event that Base Period Revenue is less than Fifty-Eight Million Eight Hundred Thousand Dollars, Earnout Revenue shall be reduced by an amount equal to the remainder of (A) Fifty-Eight Million Eight Hundred Thousand Dollars ($58,800,000) minus (B) Base Period Revenue.

Earnout Revenue means [*] of gross revenues actually received by Buyer, as a result of sales of Approved Products by or on behalf of Buyer, during the Earnout Period (but solely the amount of gross revenues actually attributable to such Approved Products) from [*].

Earnout Revenue means, for an applicable period, an amount equal to (A) the interest income of the Company during such period, less (B) the Adjusted Provision for Loss Expense for such period, plus (C) the Non-Interest Income of the Company during period, less (D) Adjusted G&A Expense, all determined in accordance with the policies, practices and methodologies applied in the preparation of the historical financial information set forth on Exhibit A attached hereto.