Minimum Revenue Target definition

Minimum Revenue Target has the meaning set forth in Schedule 1.3(a)
Sample 1
Minimum Revenue Target means 90% of the Annual Revenue Target for the Annual Contingent Consideration Period ending December 31, 2008, and 85% of the Annual Revenue Target for each of the Annual Contingent Consideration Periods ending December 31, 2009 and December 31, 2010.
Sample 1
Minimum Revenue Target. An amount equal to 75% of the total revenue recorded for calendar year 2015. The revenues for both 2015 and the Earnout Period shall be determined on an accrual basis of accounting in accordance with GAAP (including an appropriate allowance for doubtful accounts receivable).
Sample 1

Examples of Minimum Revenue Target in a sentence

  • In respect of the twelve calendar month period following the Second Earn-Out Period (the "Third Earn-Out Period"), one dollar ($1.00) for each one dollar and five cents ($1.05) of ArtToday Revenue in excess of seven million three hundred thousand dollars ($7,300,000) (the "Third Minimum Revenue Target"), up to a maximum payment in respect of such period of two million dollars ($2,000,000).

  • If the Actual Revenue is less than the Minimum Revenue Target then the principal amount of the Note shall be reduced by such amount on a dollar-for-dollar basis (“Downward Adjustment Amount”) and the balance of the Note shall be paid by Buyer to the Shareholders within five (5) days following such determination, in full satisfaction of the Note.

  • If Earnout Revenue is less than or equal to the Minimum Revenue Target, no amounts will be due to the Company pursuant to this Section 2.4.4. During the Earnout Period, Purchaser shall operate the Business in the Ordinary Course of Business and shall not take any action (or cause the Business to take any action) that would, or would reasonably be expected to, reduce the Earnout Revenue.

  • If Xxxxx.xxx fails to achieve the Aggregate Minimum Revenue Target within seven (7) years from the Effective Date, then the Royalty Term shall be extended until the earlier of (A) the last day of the month in which the Aggregate Minimum Revenue Target is achieved or (B) ten (10) years from the Effective Date.

  • In respect of the six calendar month period following the First Earn-Out Period (the "Second Earn-Out Period"), one dollar ($1.00) for each one dollar and forty cents ($1.40) of ArtToday Revenue in excess of two million six hundred thousand dollars ($2,600,000) (the "Second Minimum Revenue Target"), up to a maximum payment in respect of such period of one million dollars ($1,000,000).

  • No payment shall be made if ArtToday Revenue for the First Earn-Out Period is below the First Minimum Revenue Target, and in such case the right to any Earn-Out Payment for such period shall terminate.

  • The Participant shall vest in 50% of the [Insert 50% of options] Revenue Related Shares if Net Revenue for the Corporation’s fiscal year ending June 30, 2010 or any prior fiscal year equals or exceeds the Minimum Revenue Target.

  • In addition to the Initial Purchase Price, if the gross revenue (the “Earnout Revenue”) of the Business for the period beginning September 1, 2021 and ending August 31, 2022 (the “Earnout Period”) is greater than Seven Million Dollars ($7,000,000) (the “Minimum Revenue Target”), then on or before September 23, 2022, Purchaser shall pay to the Company an amount equal to (a) the Earnout Revenue less (b) the Minimum Revenue Target, but in no event greater than $2,000,000.

  • No payment shall be made if ArtToday Revenue for the Third Earn-Out Period is below the Third Minimum Revenue Target, and in such case the right to any Earn-Out Payment for such period shall terminate.

  • No payment shall be made if ArtToday Revenue for the Second Earn-Out Period is below the Second Minimum Revenue Target, and in such case the right to any Earn-Out Payment for such period shall terminate.


More Definitions of Minimum Revenue Target

Minimum Revenue Target has the meaning set forth in Section 2.4(b).
Sample 1

Related to Minimum Revenue Target

  • 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.

  • 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 Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

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

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 94.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • M2 Target Amount For any Distribution Date, an amount equal to the lesser of (a) the product of (1) 75.40% and (2) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • 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.

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

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

  • M4 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 95.30% and (ii) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Loan Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) 0.50% of the Cut-off Date Balance.

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • 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.

  • Payout Period means the time frame during which certain benefits payable hereunder shall be distributed. Payments shall be made in monthly installments commencing on the first day of the month following the occurrence of the event which triggers distribution and continuing for a period of one hundred eighty (180) months. Should the Executive make a Timely Election to receive a lump sum benefit payment, the Executive's Payout Period shall be deemed to be one (1) month.

  • 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;

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • 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.