Earnout Target has the meaning set forth in Section 2.8(c).
Earnout Target means, for any Initial Earnout Year, the Net Profit set forth opposite such Initial Earnout Year in the table below: Year ended December 31, 2015 $17,210,000 Year ended December 31, 2016 $25,610,000 Year ended December 31, 2017 $34,090,000 Year ended December 31, 2018 $40,060,000 Total $116,970,000 “Earnout Period” means the period beginning on the Closing Date and ending on December 31, 2018, as extended by the Extended Earnout Years pursuant to Section 4.
Earnout Target means $1,018,300,000, subject to any adjustment required to be made pursuant to Section 2.13(b).
Examples of Earnout Target in a sentence
Seller and the Purchaser Parties will request that the Accounting Referee render a determination as to whether the applicable Earnout Target has been achieved within thirty (30) calendar days after its retention.
This process, which will evolve from the initial process proposed in this document, is highly important for the legacy of this project.
The Earnout Payment shall be subject to a proportional reduction if actual Revenue as of the end of the Earnout Period fails to meet the Earnout Target.
If the Buyer shall fail to timely provide an Earnout Notice, then the Earnout EBITDA shall be finally and conclusively deemed to equal 100% of the Earnout Target for such Earnout Period.
Purpose of Report or Summary of Main Issues 1.1 Members will recall Committee consideration in February 2016 of a request to commence the formal and statutory pre- consultation for possible alleygates in Castle Arcade.
More Definitions of Earnout Target
Earnout Target means the milestones as set forth on Schedule 1.3.
Earnout Target means any of the performance targets set forth in Section 1.14.
Earnout Target means the Monthly Earnout Target or the Revenue Earnout Target, as applicable.
Earnout Target means either the First Earnout Target or the Second Earnout Target, as applicable. (x) “First Earnout Amount” shall have the following meaning: (1) if New Enrollments during the First Earnout Period are less than or equal to the First Earnout Threshold, then the “First Earnout Amount” shall mean an amount equal to zero; (2) if New Enrollments during the First Earnout Period are greater than the First Earnout Threshold but less than the First Earnout Target, then the “First Earnout Amount” shall mean an amount equal to $15,000,000, multiplied by a fraction, (x) the numerator of which is the New Enrollments during the First Earnout Period, and (y) the denominator of which is the First Earnout Target; and (3) if New Enrollments during the First Earnout Period are equal to or greater than the First Earnout Target, or if an Earnout Default Event is finally determined pursuant to Section 1.2 to have occurred during the First Earnout Period, then the “First Earnout Amount” shall mean an amount equal to $15,000,000; provided, however, notwithstanding anything else set forth herein, that the First Earnout Amount shall under no circumstances exceed $15,000,000. (xi) “First Earnout Cash Consideration” shall mean an amount of cash equal to (1) the First Earnout Amount multiplied by 66.67% minus (2) the Change in Control Payments payable in connection with the payment of the First Earnout Amount. (xii) “First Earnout Stock Consideration” shall mean a number of shares of Parent Common Stock equal to the quotient of (A) an amount equal to the First Earnout Amount multiplied by 33.33%, divided by (B) the Parent Trading Price. (xiii) “First Earnout Period” shall mean a period of time that commences at 12:01 AM Pacific Time on January 1, 2018 (regardless of whether the Closing should occur prior to or after January 1, 2018) and ends at 11:59 PM Pacific Time on December 31, 2018. (xiv) “First Earnout Target” shall have the meaning set forth in Schedule 1.2(a)(xiv). (xv) “First Earnout Threshold” shall have the meaning set forth in Schedule 1.2(a)(xv). (xvi) “New Enrollments” shall have the meaning set forth in Schedule 1.2(a)(xvi). (xvii) “Second Earnout Amount” shall have the following meaning: (1) if New Enrollments during the Second Earnout Period are less than or equal to the Second Earnout Threshold, then the “Second Earnout Amount” shall mean an amount equal to zero; (2) if New Enrollments during the Second Earnout Period are greater than the Second Earnout Threshold b...
Earnout Target shall be Two Million Six Hundred Thousand Dollars ($2,600,000) which is the Tentative Purchase Price minus the Secondary Cash Payment minus the Initial Cash Payment minus the Initial Stock Payment Amount, as may be adjusted pursuant to Section 2.09(a). “Earnout Recurring Revenue” shall be the total Recurring Revenue during a period excluding:
Earnout Target means an amount equal to One Hundred Forty Million U.S. Dollars ($140,000,000).
Earnout Target has the meaning set forth in Section 3.6(a).