Monthly Net Revenue definition
Examples of Monthly Net Revenue in a sentence
Once AIL has received the Monthly Net Revenue Statement from GGO, AIL will invoice GGO monthly for Ongoing Fees payable by GGO.
Within 25 (twenty five) days of the end of each calendar month, GGO shall provide AIL with a written statement showing the Monthly Net Revenue for that calendar month and showing a breakdown of all Monthly Permissible Deductions for the calendar month (the “Monthly Net Revenue Statement”).
In consideration of the rights granted herein in respect of the Game Platform, GGO shall pay to AIL each calendar month, [***]% ([***] per cent) of Monthly Net Revenue (the “Ongoing Fees”).
The Capital Contribution will be adjusted each 12 (twelve) month period by the same percentage that the Monthly Net Revenue amount for such 12 (twelve) month period deviated from the Monthly Net Revenue amount in respect of the previous 12 (twelve) month period.
Such criteria may include, but is not limited to, the following: Revenue per Call (Net Sales per Call); Monthly Net Revenue; Calls per Hour; Average Handle Time; Availability; Quality (including Supervisory Observations), Customer Satisfaction, and Schedule Adherence.
TAR shall, for a period of two years after the end of the calendar year in which such Services were provided (the “Audit Period”), maintain records and other evidence sufficient to accurately and properly reflect the performance of the Services and each Monthly Net Revenue Statement.
In consideration of the rights granted herein, Apricot shall pay to Games Global the following Services Fees for all Games which are supplied to the Operator other than Third Party Games, a sum of [***]% ([***] per cent) of the Monthly Net Revenue generated by such Games; and for Third Party Games which are supplied by Apricot to the Operator in accordance with this Agreement, a sum of [***]% ([***] per cent) of the Monthly Net Revenue generated by such Third Party Games.
Commencing upon Commercialization, and thereafter promptly when available and in any event within 30 days after the end of each calendar month, a Monthly Net Revenue Report, together with a certificate of the Borrower signed by the chief financial officer of the Borrower certifying that the foregoing report is true, correct and accurate in all material respects as of such date.
The Monthly Net Revenue Requirement shall be an amount equal to [****].
Additionally, each Monthly Net Revenue Statement shall include TAR’s calculation of the Service Consideration for such month.