First Year Revenue definition

First Year Revenue means (A) all revenue recognized by Parent, the Surviving Corporation or any of their respective affiliates, in accordance with generally accepted accounting principles, applied on a basis consistent with the Company's financial statements, with respect to the Business, during the period commencing on 180 day anniversary of the Closing Date and ending on the eighteen month anniversary of the Closing Date (such period the “First Year” and such anniversary, the "Eighteen Month Anniversary") (the "First Year Gross Revenue"), minus (B) any First Year Bad Debt Expense (as defined herein). "First Year Bad Debt Expense" means, subject to the immediately following sentence, an amount equal to the product of (X) (1) the amount recorded by Parent or the Surviving Corporation as actual write-offs of revenue of the Business during the First Year divided by First Year Gross Revenue minus (2) 0.01 multiplied by (Y) First Year Gross Revenue, but only to the extent such product exceeds one percent (1.0%) of the First Year Gross Revenue. Notwithstanding anything in this Agreement to the contrary, in the event the amount recorded by Parent or the Surviving Corporation as actual write-offs of revenue of the Business during the First Year exceeds nine percent (9.0%) of the First Year Gross Revenue, First Year Bad Debt expense shall be deemed to equal eight percent (8.0%) of the First Year Gross Revenue.
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First Year Revenue means (A) all revenue recognized by Parent, the Surviving Corporation or any of their respective affiliates, in accordance with generally accepted accounting principles, applied on a basis consistent with the Company's financial statements, with respect to the Business, during the period commencing on the Closing Date and ending on the one year anniversary of the Closing Date (such period the “First Year” and such anniversary, the "Twelve Month Anniversary") (the "First Year Gross Revenue"), minus (B) any First Year Bad Debt Expense (as defined herein). "First Year Bad Debt Expense" means, subject to the immediately following sentence, an amount equal to the product of (X) (1) the amount recorded by Parent or the Surviving Corporation as actual write-offs of revenue of the Business during the First Year divided by First Year Gross Revenue (such quotient expressed as a percent) minus (2) one percent multiplied by (Y) First Year Gross Revenue, but only to the extent such product exceeds one percent (1.0%) of the First Year Gross Revenue. Notwithstanding anything in this Agreement to the contrary, in the event First Year Bad Debt Expense exceeds nine percent (9.0%) of the First Year Gross Revenue, First Year Bad Debt expense shall be deemed to equal eight percent (8.0%) of the First Year Gross Revenue.
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First Year Revenue means the sum of (i) the aggregate Adjusted Client Revenues during the First Year Measurement Period in respect of Clients other than XxXX Clients and XxXX Parties with respect to which Fee Revenues had been included in the calculation of Closing Total Revenue; (ii) the product of (A) the aggregate annualized Fee Revenue during the First Year Measurement Period attributable to contracts that were Non-Transferred XxXX Contracts as of the first anniversary of the Closing and (B) the Adjustment Ratio; (iii) the Adjusted Migrated Revenues during the First Year Measurement Period; (iv) the Terminated Revenues; (v) the Restructuring Revenues as of the first anniversary of the Closing; and (vi) the Referral Revenues. For the purpose of this definition, neither sub-clause (i) nor sub-clause (ii) shall include any revenue that is Excluded Revenue during the First Year Measurement Period in respect of contracts that are Excluded Contracts as of first anniversary of the Closing Date or the Adjusted Contract Revenue during the First Year Measurement Period in respect of a Client Contract (or an extension, replacement or renewal thereof) that, as of the first anniversary of the Closing Date, is an RFP Contract, and there shall be no duplication of revenues among sub-clauses (i), (ii), (iii), (iv), (v), and (vi).
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Examples of First Year Revenue in a sentence

  • The total Earn-Out Payment due the Selling Members will be the sum of the amounts (reading left to right) located on the horizontal axis, adjacent to the EBITDA margin earned for the Second Year, beginning with the Revenue Attained column immediately to the right of the column corresponding to the First Year Revenue attainment, and extending to the right up to and including the intersection with the vertical axis corresponding to the Revenue amount attained by the Company for the Second Year.

  • In the event Company does not achieve its First Year Revenue goal of $24 million, Company may make up the shortfall in Second Year but at the 22% EBITDA rate.

  • For example, if 80% of the First Year Revenue Target is met in the First Year (i.e., if Recurring Revenue is $19.2 million), the amount of the First Earn-Out Payment will be $5,200,000.

  • When and in the event the gross sales reflected on the Gross Sales Statement (as defined herein) is less than $832,000, representing +- 85% of the First Year Revenue, the parties agree to adjust the Purchase Price as follows: Gross Sales equal to or greater than $832,000 - No adjustment Gross Sales less than $832,000 - An adjustment equal to $1.30 of every dollar of Gross Sales less than $832,000; provided however, that the maximum total adjustment shall, in no event, exceed $250,000.00.

  • Encompass-Flowood projects gross patient revenue cost (Project Only) to third- party payors as follows: Payor MixUtilization Percentage (%) First Year Revenue ($)Medicare79.00%$ 5,979,856.00Medicaid5.00%371,187.00Commercial14.00%1,073,189.00Self Pay0.50%4,584.00Charity Care0.50%21,073.00Other1.00%91,527.00Total*100.00%$ 7,541,416.00*Totals differ from Applicant’s by 1%.

  • North Meridian Cancer Center projects gross patient revenue cost (project only) to third party payors as follows: Payor MixUtilization Percentage (%) First Year Revenue ($)Medicare40.21%$ 1,500,000.00Medicaid12.06%450,000.00Commercial40.21%1,500,000.00Self Pay5.36%200,000.00Charity Care2.15%80,000.00Other0.00%0.00Total*99.99%$ 3,730,000.00Note: Staff’s calculation of utilization % differs from the Applicant’s.

  • The applicant projects the cost to third party payors as follows: Payor MixUtilization Percentage (%)*First Year Revenue ($)Medicare71.39%6,084,422Medicaid3.03%258,198Commercial20.36%1,735,432Self Pay0.22%18,855Charity Care0.0%0Other35.0%425,596Total100%$8,522,505* Applicant’s percentages were off due to rounding.

  • The applicant projects the cost to third party payors as follows: Payor MixUtilization Percentage (%)*First Year Revenue ($)Medicare64.54%3,787,116Medicaid1.59%93,521Commercial30.40%1,784,065Self Pay0.05%2,927Charity Care0.07%4,012Other3.35%196,610Total100%$5,868,251* Applicant’s percentages were off due to rounding.

  • The revenue target for sales people new to the channel will be prorated as follows: Hired During First Year Revenue Target First quarter 17,000 Second quarter 12,750 Third quarter 8,500 Fourth quarter 4,250 This agreement will expire with our current contract on October 14, 2006 or when it is superseded by a new agreement, which ever is sooner.

  • Central projects gross patient revenue cost (Project Only) to third party payors as follows: Payor MixUtilization Percentage (%) First Year Revenue ($)Medicare67.00%$ 6,142,704.00Medicaid9.00%825,139.00Commercial7.00%641,775.00Self Pay6.00%550,093.00Charity Care2.00%183,364.00Other9.00%825,139.00Total100.00%$ 9,168,215.00Totals off by $1.00 due to rounding.


More Definitions of First Year Revenue

First Year Revenue shall have the meaning set forth in Section 1.4(a).
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First Year Revenue means the Gross Sales (as
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First Year Revenue means gross revenues of the Company for the period beginning on 1st September 2006 and ending on the First Anniversary, determined in accordance with UK GAAP.
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Related to First Year Revenue

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Earnings Per Share means as to any Fiscal Year, the Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted accounting principles.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • Relevant Year t means the Financial Year for the purposes of which any calculation falls to be made; "Relevant Year t-1" means the Financial Year preceding Relevant Year t, and similar expressions shall be construed accordingly;

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • M&O Revenue means (i) those revenues which the District receives from the levy of its annual ad valorem maintenance and operations tax pursuant to Section 45.002 of the TEXAS EDUCATION CODE, or other lawful authority, and Article VII § 3 of the TEXAS CONSTITUTION, plus (ii) all State revenues to which the District is or may be entitled under the applicable provisions of the TEXAS EDUCATION CODE or any other statutory provision as well as any amendment or successor statute to these provisions, as applicable, less

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • EBITA means for any period, operating profit (loss) plus (i) amortization, including goodwill impairment, (ii) amortization of non-cash distribution and marketing expense and non-cash compensation expense, (iii) restructuring charges, (iv) non-cash write-downs of assets or goodwill, (v) charges relating to disposal of lines of business, (vi) litigation settlement amounts and (vii) costs incurred for proposed and completed acquisitions.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Earnout Period has the meaning specified in Section 2.03(a).

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Operating Revenue Cash Flows means the Company’s cash flow from ownership and/or operation of (i) Properties, (ii) Loans, (iii) Permitted Investments, (iv) short-term investments, and (v) interests in Properties, Loans and Permitted Investments owned by any Joint Venture or any partnership in which the Company or the Partnership is, directly or indirectly, a co-venturer or partner.

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Recurring Revenue With respect to any Recurring Revenue Loan, the meaning of “Recurring Revenue” or any comparable definition in the related Underlying Instruments relating to recurring maintenance or support revenues, subscription revenues, and recurring revenues attributable to software licensed or sold (excluding one-time license revenues) in the Underlying Instruments for such Loan.

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Gross Profits means the gross profits calculated under section 4;

  • Annual Revenue means the Company’s or a business unit’s net sales for the Fiscal Year, determined in accordance with generally accepted accounting principles; provided, however, that prior to the Fiscal Year, the Committee shall determine whether any significant item(s) shall be excluded or included from the calculation of Annual Revenue with respect to one or more Participants.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.