Excess Revenue definition

Excess Revenue means [***].

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Excess Revenue means, [***].

Excess Revenue means the amount of general fund revenue, including transfers in, for the most recently completed fiscal year minus adjusted revenue.

Examples of Excess Revenue in a sentence

• In addition to Fixed Ground Rent and Performance-Based Rent, for each year in which the Stadium Authority has Excess Revenues after contribution to the Stadium Capital Expenditure Reserve as provided in clause (a) of Article 15 of the Term Sheet, Ground Rent will include the amount of the Stadium Authority’s payment to the City of such Excess Revenues in accordance with the priorities for payment set forth in clause (b) of Article 15 of the Term Sheet (“SA Excess Revenue Payment”).

• Fixed Ground Rent will be payable by the Stadium Authority to the City and will not be reduced by any payment of Performance-Based Rent or any SA Excess Revenue Payment as described below.

• Upon such request, the Administrative Agent shall distribute such amount from the cash available in the Excess Revenue Account to the Company's Excess Cash Flow Account.

• The Company and its Subsidiaries shall deposit amounts into the Excess Revenue Account from amounts on deposit in the Revenue Account or the Sales and Issuances Proceeds Account as specified in Section 8.12(b) or Section 8.17(a), as applicable.

• As additional consideration for the sale and transfer of the Acquired Assets, following the Closing, (i) for each Post-Closing Period, the Buyer shall make the applicable Additional Purchase Price Payment, if any, in respect of such Post-Closing Period and (ii) for each of the Second Post-Closing Period and the Third Post-Closing Period, the Buyer shall make the Applicable Excess Revenue Payment, if any, in respect of such Post-Closing Period.

More Definitions of Excess Revenue

Excess Revenue means the difference between (i) the revenue which the Dominant Provider earned in the Relevant Period from providing the services specified in the Annex to this Condition 10A, and (ii) the revenue the Dominant Provider would have earned in the Relevant Period from providing the services specified in the Annex to this Condition 10A if it had complied with the requirements set out in Condition 10A.2;

Excess Revenue means the amount by which a district board’s revenue exceeds the limit under this subsection.

Excess Revenue for a fiscal year means the excess, if any, of actual revenue for that fiscal year over the target revenue for that fiscal year.

Excess Revenue means the total revenue achieved by such acquisition target during any applicable measuring period, less the Baseline Revenue (as defined below). As used herein, “Baseline Revenue” means the aggregate revenue of an acquisition target generated, in the good faith determination of Parent, during the twelve months immediately prior to and ending on the date of such acquisition (the “Baseline Measurement Period”). In the event an Earnout Measurement Period is shorter than twelve months, then the Excess Revenue shall be calculated based upon the revenue of the acquisition target for such shorter period, less the portion of Baseline Revenue earned by the acquisition target during the comparable portion of the Baseline Measurement Period.

Excess Revenue means the amount of general fund revenue, including transfers in, for the most

Excess Revenue means the difference between: (i) the revenue which the Dominant Provider earned in the Relevant Year from providing the services listed in Conditions 12B.1, and 12B.3; and (ii) the revenue the Dominant Provider would have earned in the Relevant Year from providing the services listed in Conditions 12B.1 and 12B.3 if it had complied with Conditions 12B.1 or 12B.3 as applicable;

Excess Revenue has the meaning set forth in Section 2.2(b).