In Revenue definition

In Revenue means the commercial operation of any PCS System and/or PCS Sub-System, or a portion thereof, exclusive of operation for purposes of conducting Acceptance Tests; provided that In Revenue Service or In Revenue will not by itself constitute acceptance in accordance with the terms of this Contract of any such PCS System and/or PCS Sub-System or any portion thereof.
View Source
In Revenue means, with respect to a System, the commercial operation of such System, exclusive of operation for purposes of determining compliance with this Contract or beta testing, whether or not revenue is actually being generated.
View Source

Examples of In Revenue in a sentence

  • The Parties expressly understand and agree that this subsection 6.8 will only be effective in the event that the Owner chooses, in its sole discretion, to place a PCS System, PCS Sub-System or a portion thereof In Revenue during a Microwave Delay Period or Site Acquisition Delay Period, as applicable to such In Revenue PCS System or In Revenue portion of such PCS System or PCS Sub-System, as the case may be.

  • Nothing contained herein to the contrary will in any way modify the Vendor's obligations as to the completion and testing of the remaining incomplete non-In Revenue portion of any such PCS System or PCS Sub-System, as the case may be, which is otherwise partially In Revenue pursuant to and in accordance with the terms of this Contract, including but not limited to the Project Milestones set forth on Exhibit A1.

  • At any time during the Site Acquisition Delay Period or the Microwave Delay Period, as the case may be, the Owner may, in its sole discretion, decide to place the PCS System or PCS Sub-System, as the case may be, or any portion thereof which is subject to such delay into In Revenue Service.

  • If, as a result of the Defect and Deficiency, the Product fails to operate in accordance with the Specifications which causes the System to fail to materially operate in accordance with its Specifications, a refund shall be paid to the Owner on account of the purchase price for the total System, less a pro-rata discount calculated with regard to the period of time during the Warranty Period that Owner operated the System in In Revenue Service.

  • If, as a result of the Defect and Deficiency, the Software fails to operate in accordance with the Specifications which causes the System to fail to materially operate in accordance with its Specifications, a refund shall be paid to Owner on account of the purchase price for the total System, less a pro rata discount calculated with regard to the period of time during the Warranty Period that Owner operated the System in In Revenue Service.

  • Such placement into In Revenue Service shall constitute Substantial Completion only for purposes of the payment obligations above, but shall not in any way relieve the Vendor of any of its obligations under this Contract, including without limitation achieving a Guaranteed Substantial Completion Date nor shall such In Revenue Service trigger the commencement of the Initial Period.

  • At any time during a period of delay the Owner may, in its sole discretion, decide to place a System which is subject to such delay into In Revenue Service.

  • For purposes of calculating such pro rata discount, the period of time the Owner would have been able to operate the System within In Revenue Service shall be: (i) ten (10) years from Substantial Completion for the AXE switch; and (ii) seven (7) years from Substantial Completion for all other Products.

  • In Revenue Ruling 76-385, the Service found a reduction from .0001118% to .0001081% to be a meaningful reduction.

  • For purposes of calculating such pro rata discount, the period of time the Owner would have been able to operate the System in In Revenue Service shall be: (i) ten (10) years from Substantial Completion for the AXE switch; and (ii) seven (7) years from Substantial Completion for all other Products.

Related to In Revenue

  • Operating Revenue means in any single fiscal year during the effective term of this Agreement, the total revenue generated by Party B in its daily operation of business of that year as recorded under the “Revenue of Principal Business” in the audited balance sheet prepared in accordance with the PRC accounting standards.

  • TIF Revenues means incremental ad valorem taxes generated on the Redevelopment Project Property by the Project which are to be allocated to and paid to the Authority pursuant to the Act.

  • Operating Revenues means, for any, period, the gross revenues arising from the ownership and operation of the Properties during such period, including proceeds of any business interruption or rental loss insurance and amounts released from reserves, but specifically excluding Capital Proceeds, Capital Contributions and proceeds of Indebtedness.

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

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.