Minimum Revenues definition

Minimum Revenues means the Borrower's total consolidated revenues for the fiscal quarter ending on the date of measurement.
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Minimum Revenues. Borrower shall have monthly Revenues by March 31, 2015 of not less than $1,500,000.
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Minimum Revenues means the fixed amounts set forth on Exhibit A for each Calendar Year. For purposes of the Quarterly Shortfall calculation, Minimum Revenues shall be prorated among the Calendar Quarters, or any portion thereof, according to a projected quarterly forecast agreed upon by the parties.
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Examples of Minimum Revenues in a sentence

  • The first calendar year in which Minimum Revenues shall be guaranteed, shall begin on the earlier of (a) the January 1 immediately following Regulatory Approval or (b) January 1, 2004, unless the parties agree otherwise.

  • ACTII shall be responsible for payment of all costs and expenses related to construction of the Project, including the design of and engineering services related to the Project, subject to the Guarantee and Minimum Revenues (each as defined in Sections 3.2 and 3.4, respectively).

  • GT agrees to provide in-depth training and support, at least as detailed as GT's internal training of GT's sales and support personnel, to a reasonable number of AXP personnel prior to any release on all GT product functionality in a timely and comprehensive manner and for all new releases, including on-site training at GT to ensure AXP has the requisite expertise to meet its Minimum Revenues hereunder.

  • The provision regarding Minimum Revenues in this Addendum shall supersede the provisions for minimum number of Product to be purchased by Xxxxxxx pursuant to Section 2.11 of the Supply Agreement for the ten (10) calendar years following Regulatory Approval of Product.

  • Hyundai shall pay UDW the Minimum Revenues Adjustment (if any) within thirty (30) days of Hyundai's receipt of UDW's written notice requesting such payment.

  • Xxxxxxx and ACTII shall amend the Guarantee Cap and the Minimum Revenues to take into account such additional cost, taking into consideration the assumptions set forth in Section 3.4 (including the subsections) and the subsections below.

  • Minimum Revenues......................................................

  • If the Minimum Revenues Adjustment is zero or a negative number, no additional payment is due.

  • Commencing on the third anniversary of the Closing, for each $1,000,000 that Net Annualized Sales exceed the Minimum Revenues on a quarterly basis, Logistics shall issue an option to Y2 to purchase One Million (1,000,000) shares of Logistics' Common Stock at an exercise price equal to the closing bid price of the Common Stock on the date of issuance of such option.

  • Notwithstanding any increase in Minimum Revenues pursuant to the preceding sentence, the Minimum Revenues shall not be increased for the purposes of Section 11(d) hereof.


More Definitions of Minimum Revenues

Minimum Revenues. On a consolidated basis with its Subsidiaries, Borrower shall maintain minimum calendar quarterly Revenues of at least the amounts set forth below for the periods specified. For future periods, the required Revenue thresholds shall be set by PFG each year in consultation with Borrower and shall, assuming quarterly period measurement is continued, be based upon Borrower’s Plan for corresponding periods in each of Borrower’s future fiscal year(s) and in no event shall such future thresholds be less than Q4-2015 (period ending March 28, 2015) period. For example, the threshold for the quarterly period ending June 28, 2015 would be set by PFG in consultation with Borrower based on Borrower’s 2016 Plan, but would in no event be less than $4,000,000. Partners for Growth Schedule to Loan and Security Agreement Quarterly Period Minimum Threshold Q4-2014 (March 29, 2014) $2,300,000 Q1-2015 (June 28, 2014) $3,000,000 Q2 (9/27/14) $3,500,000 Q3 (12/27/14) $3,500,000 FY-2015 (ending March 28, 2015) $4,000,000
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Related to Minimum Revenues

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Net Revenues means the difference between:

  • CAISO Revenues means the credits, fees, payments, revenues, interest or similar benefits, including imbalance energy payments, that are directly assigned by the CAISO to the CAISO Global Resource ID for the Generating Facility for, or attributable to, Scheduling or deliveries from the Generating Facility under this Agreement.

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • 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.

  • Gross Revenue means:

  • 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 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.

  • System Revenues means all rates, rents, fees, charges,

  • 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;

  • 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.

  • Gross Operating Revenues means, for any period of time for any Hotel Property, without duplication, all income and proceeds of sales of every kind (whether in cash or on credit and computed on an accrual basis) received by the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property or the applicable Operating Lessee or Manager for the use, occupancy or enjoyment of such Hotel Property or the sale of any goods, services or other items sold on or provided from such Hotel Property in the ordinary course of operation of such Hotel Property, including, without limitation, all income received from tenants, transient guests, lessees, licensees and concessionaires and other services to guests at such Hotel Property, and the proceeds from business interruption insurance, but excluding the following: (i) any excise, sales or use taxes or similar governmental charges collected directly from patrons or guests, or as a part of the sales price of any goods, services or displays, such as gross receipts, admission, cabaret or similar or equivalent taxes; (ii) receipts from condemnation awards or sales in lieu of or under threat of condemnation; (iii) proceeds of insurance (other than business interruption insurance); (iv) other allowances and deductions as provided by the Uniform System in determining the sum contemplated by this definition, by whatever name, it may be called; (v) proceeds of sales, whether dispositions of capital assets, FF&E or equipment (other than sales of Inventory in the ordinary course of business); (vi) gross receipts received by tenants, lessees (other than Operating Lessees), licensees or concessionaires of the owner (or, if such Hotel Property is ground leased, the ground lessee) of such Hotel Property; (vii) consideration received at such Hotel Property for hotel accommodations, goods and services to be provided at other hotels although arranged by, for or on behalf of, and paid over to, the applicable Manager; (viii) tips, service charges and gratuities collected for the benefit of employees; (ix) proceeds of any financing; (x) working capital provided by the Parent Guarantor or any Subsidiary of the Parent Guarantor or the applicable Operating Lessee; (xi) amounts collected from guests or patrons of such Hotel Property on behalf of tenants of such Hotel Property and other third parties; (xii) the value of any goods or services in excess of actual amounts paid (in cash or services) provided by the applicable Manager on a complimentary or discounted basis; and (xiii) other income or proceeds resulting other than from the use or occupancy of such Hotel Property, or any part thereof, or other than from the sale of goods, services or other items sold on or provided from such Hotel Property in the ordinary course of business. Gross Operating Revenues shall be reduced by credits or refunds to guests at such Hotel Property.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • 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.

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

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Consolidated Revenues means, for any period, the consolidated net revenue of the Company and the Restricted Entities for such period determined in accordance with GAAP.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • 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.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • 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.

  • Advertising Revenues means revenues derived from sales of advertising that are made available to Grantee’s Cable System subscribers within the City and shall be allocated on a pro rata basis using total Cable Service subscribers reached by the advertising. Additionally, Grantee agrees that Gross Revenues subject to franchise fees shall include all commissions, rep fees, Affiliated Entity fees, or rebates paid to National Cable Communications (“NCC”) and Comcast Spotlight (“Spotlight”) or their successors associated with sales of advertising on the Cable System within the City allocated according to this paragraph using total Cable Service subscribers reached by the advertising.

  • Gross receipts means the total revenue derived from sales, work done, or service rendered.