Examples of Net Revenue Target in a sentence
Each year the Management Company shall consider the budget for O&M expenses and the annual Net Revenue Target from the reports submitted to the Fund by BTSC.
Consequently, achieving certain relatively higher percentages of the Net Revenue Target than the achieved percentage of the Adjusted EBITDA Target will result in the Bonus Percentage and resulting Bonus Amounts that are paid out being limited to the maximum eligible bonus payout possible without falling below the adjusted EBITDA minimum determined by the Board at the achieved level of the Adjusted EBITDA Target.
At target, 100% of the 50% weighted Bonus Percentage is attained if the Net Revenue Target is also achieved.
In the event of (i) a disposition of the Surviving Corporation or any of its material assets during the Earnout Period that materially and negatively impacts the achievement of the Earnout Amount or (ii) a Purchaser Change of Control, the Earnout Amount shall be deemed to be accelerated in full, deemed to equal $20,000,000, and paid on the date of the closing of such transaction, whether or not the Net Revenue was, or was likely to be, greater than the Net Revenue Target.
APPENDIX A See Table A1 for Writing Group disclosures and Table A2 for Peer Reviewer disclosures.