Net Revenue Target definition

Net Revenue Target means, for each Measuring Period, the amount set forth on Exhibit C.

Net Revenue Target means $41,200,000, less the amount of actual fees charged by Parent to the Company Group for purchases of inventory through Parent’s exchange during the fiscal year ending December 31, 2015, up to a maximum amount of $3,000,000 (which, for the avoidance of doubt, shall not include: (A) any seller fees charged by Parent to a third-party for the Company Group’s inventory; or (B) any fees charged to the Company Group for purchases of inventory through an exchange other than Parent’s exchange), calculated in accordance with GAAP (as modified by the Company’s accounting practices disclosed in Section 3.6(b) of the Disclosure Schedule).

Net Revenue Target means (i) if the Closing Date occurs on or prior to September 28, 2018, an amount equal to $84,475,922 or (ii) if the Closing Date occurs on or after September 29, 2018, an amount equal to $90,080,000.

Examples of Net Revenue Target in a sentence

• At target, 100% of the 50% weighted Bonus Percentage is attained if the Net Revenue Target is also achieved.

• 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.

• Notwithstanding the foregoing, the portion of the Bonus Percentage derived from achieving the Net Revenue Target will be limited as necessary to prevent the Company from falling below certain Post Bonus Adjusted EBITDA Minimums upon payment of the Bonus Amounts.

• 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.

• The arbitrators shall agree, no later than thirty (30) days from the date the second arbitrator has been engaged upon the amount of Post Closing Date Payment, if any, to be paid by or credited to CNC, taking into account the principles and objectives set forth in Exhibit C and the definitions of Net Revenue and Net Revenue Target contained in this Agreement.

More Definitions of Net Revenue Target

Net Revenue Target means $ *** .

Net Revenue Target means the amount set forth in clause “(yy)” of Schedule 1.1. (zz) “Plan” shall have the meaning set forth in Section 4.7.

Net Revenue Target means (i) if the Closing Date occurs on or prior to September 28, 2018, an amount equal to

Net Revenue Target means the sum of the dollar amounts listed on Schedule 2.5 as the “Net Revenue Target” for each corresponding full calendar month during the Earn-Out Period.

Net Revenue Target means each of the Year 1 Net Revenue Target, Year 2 Net Revenue Target and Year 3 Net Revenue Target.

Net Revenue Target has the meaning set forth in Section 2.7(a).

Net Revenue Target means an amount equal to $4,200,000.