Prepaid Revenue definition
Examples of Prepaid Revenue in a sentence
Lucent will provide a quarterly report of Prepaid Revenue calculations signed by a director-level manager or higher on a quarterly basis.
If, prior to the Closing, the Owners shall collect any sums on account of Overage Rent or fixed rent for a year or other period, or any portion of such year or other period, beginning prior to but ending on or after the Proration Date, the portion of such sum allocable to the period from and after the Proration Date shall be deemed to be a Prepaid Revenue.
That number will be compared to the actual Prepaid Revenue received by Lucent for the Prepaid Application and the greater number will be considered the Prepaid Revenue for that transaction.) The Floor Prices shall be set forth in Exhibit B.
If, prior to the Closing, the Partnership shall collect any sums on account of Overage Rent or fixed rent for a year or other period, or any portion of such year or other period, beginning prior to but ending on or after the Proration Date, the portion of such sum allocable to the period from and after the Proration Date shall be deemed to be a Prepaid Revenue.
Except as Seller has listed on Exhibit "F", Seller has not received any Prepaid Revenue.
However, nothing herein shall be construed as a guarantee or representation by Lucent that any minimum level of Prepaid Revenue will occur.
If Lucent fails to make a commercially reasonable effort to track Prepaid Revenue calculations, Lucent will pay all reasonable costs of the audit.
If an Objections Statement is not delivered to Buyer within thirty (30) days after delivery of the Prepaid Revenue Statement, the Prepaid Revenue Statement as prepared by Buyer will be final, binding and non-appealable by the parties.
The term "Prepaid Revenue" herein is defined as amounts invoiced and unearned as of the Closing by Seller related to Hardware Services to be performed by Buyer subsequent to the Closing.
For the purposes of determining the amount paid to Seller at the Closing, the Purchase Price shall be decreased by the amount, if any, of the Estimated Prepaid Revenue.