Qualified Revenue definition

Qualified Revenue means, on any date, except as provided below, the sum of (a) all League Pledged Revenue Receipts for the period of four consecutive fiscal quarters of the Borrower for which financial statements have been (or were required to be) delivered pursuant to Section 5.02(c), (b) all Local Pledged Revenue Receipts for the period of four consecutive fiscal quarters of the Borrower for which financial statements have been (or were required to be) delivered pursuant to Section 5.02(c), and (c) the amount of cash deposits made by Parent or its Affiliates (other than the Borrower or any Subsidiary of the Borrower) into the Collection Account during the period of four consecutive fiscal quarters of the Borrower for which financial statements have been (or were required to be) delivered pursuant to Section 5.02(c) (the amount set forth in this clause (c), “Supplemental Revenue”); provided however that if the aggregate amount of Supplemental Revenue exceeds an amount equal to 25% of the aggregate amount of Qualified Revenue for any two consecutive four fiscal quarter periods, then for each subsequent four fiscal quarter period until such time as the aggregate amount of Supplemental Revenue does not exceed an amount equal to 25% of the aggregate amount of Qualified Revenue for such four fiscal quarter period, the amount of Supplemental Revenue included in the determination of Qualified Revenue for each four fiscal quarter period shall be reduced to an amount such that it does not exceed an amount equal to 25% of Qualified Revenue for such period.

Qualified Revenue means actual gross revenue attributable to ATI’s Customer Agreements, as determined by GAAP, (i) excluding any revenue derived from the Company, (ii) prior to any taxes and (iii) after any credits, discounts or disputed amounts. In addition, to be considered Qualified Revenue, revenue generated from an ATI Customer Agreement must return a Gross Profit of at least fifteen percent (15%), subject to adjustment by the mutual written consent of Singer and the Company. For purposes of this Agreement, Gross Profit is net revenue calculated pursuant to GAAP, net of all direct costs including but not limited to commissions.

Qualified Revenue means the license fee revenue received by VERITAS (net of any discounts) for Solutions Provider’s purchases of Qualified Product from source(s) authorized by VERITAS under Solutions Provider’s LSA or DSA, as applicable.

Examples of Qualified Revenue in a sentence

• Prior to the receipt by the Borrower of any Expansion Revenues in respect of any Expansion, the Borrower shall furnish to the Agent, on behalf of each Lender, an officer’s certificate executed by a Financial Officer setting forth reasonably detailed projections (after giving pro forma effect to such Expansion) of Qualified Revenue for the then current fiscal year (collectively, “Expansion Projections”).

• The Purchase Price will be increased by up to an additional $500,000 as follows: Within 60 days after the end of each of the first eight full fiscal quarters after the Closing (the “Transaction Quarters”), the Company will pay to the Seller in cash an amount (provided that it is a positive number) equal to 10% multiplied by Qualified Revenue for the most recent Transaction Quarter minus Qualified Revenue for the prior Transaction Quarter which had the highest Qualified Revenue.

• Minimum Contract Year Qualified as defined in 13.06 Revenues -------------------- ------------------- 1st [ *** ] 2nd $[ *** ] 3rd $[ *** ] 4th $[ *** ] 5th and thereafter $[ *** ] provided, however, that Distributor may permit the Qualified Revenues to be less than the Minimum Qualified Revenue in any Contract Year and in lieu thereof pay to Diamond an amount equal to the difference between such Minimum Qualified Revenue and the actual Qualified Revenues for such Contract Year (the "Additional Payment").

• Only those Enterprise products which Solutions Provider obtains from the authorized sources indicated on Solutions Provider’s LSA or DSA, as applicable, are Qualified Products for purposes of determining the Qualified Revenue counting towards Solutions Provider’s Annual Sales Target, as further described in Exhibit B, Section 2(b)(Annual Sales Target).

• Distributor shall pay all registration costs associated with obtaining and maintaining any License required outside the United States and said costs shall be included in Qualified Revenue requirements as set forth in Section 1.04(ii) of the Distribution Agreement.

More Definitions of Qualified Revenue

Qualified Revenue means, for any Contract Year, an amount equal to (i) the Purchase Price of Products ordered for shipment in such Contract Year by Distributor, plus (ii) any amounts paid by Distributor to Diamond in such Contract Year for Registration Costs and Support Costs, plus (iii) any other amounts paid or advanced by Distributor to Diamond in such Contact Year for research and development or other services not contemplated by this Agreement, as adjusted for (iv) all other adjustments to Minimum Qualified Revenue expressly as provided in this Agreement.

Qualified Revenue means, without duplication, (1) revenue of the Company (and not, for the avoidance of doubt, the Purchaser) generated directly from the sale of the Company’s products and services (including the sale of such products and services into the Purchaser’s existing customer base), which revenue is properly booked by the Company in accordance with GAAP applied on a basis consistent with the Company’s historical accounting practices and methodology (including treatment of installation fees) (but solely to the extent such practices and methodology are consistent with GAAP) and is calculated net of any write-offs, discounts or rebates and excluding revenue associated with any notes or accounts receivable that are past due more than 90 days or are otherwise subject to contest, claim, defense or right of setoff; (2) Commuter Revenue generated following the Closing from an exclusive customer of the Company (i.e., a customer of the Company that is using a product or service of the Company and not a commuter customer of the Purchaser, in each case determined at the time of sale); and (3) Commuter Revenue generated following the Closing from a new or renewed commuter customer of the Purchaser (i.e., a commuter customer of the Purchaser that became or renewed as a customer of the Purchaser following the Closing), if such new or renewed customer is Company-Sourced;. For purposes of clause (3) above, a customer will be deemed to be “Company-Sourced” if such customer (a) is reflected in the Purchaser’s customer relationship management software program (e.g., Salesforce) as having been first introduced to the Purchaser by a Continuing Employee or (b) is a customer of both the Purchaser and the Company prior to the Closing and a Continuing Employee, individually or together with other Continuing Employees, makes a material contribution to or provides material assistance with the renewal of such customer.

Qualified Revenue means all Net Sales Revenue derived by Purchaser from:

Qualified Revenue means, on any date, except as provided below, the sum of (a) all League Pledged Revenue Receipts for the period of four consecutive fiscal quarters of the Borrower for which financial statements have been (or were required to be) delivered pursuant to Section 5.02(c), (b) all Local Pledged Revenue Receipts for the period of four consecutive fiscal quarters of the Borrower for which financial statements have been (or were required to be) delivered pursuant to Section 5.02(c) and

Qualified Revenue means the cumulative total State revenue directly or indirectly generated as a result of the Project. A failure of Applicant to provide the information to the State required by this Section 6.5 shall result in a revocation of Applicant’s Eligibility Certificate.

Qualified Revenue means any payments actually received by Inxeption from a Qualified Lead based on Gross Revenue for its first 6-month subscription, excluding any taxes, third party charges, taxes, duties, or subsequently credited charges, write-offs, refunds or charge backs. For the avoidance of doubt, Lead Referral Revenue does not include any amounts received in connection with follow-up orders, additional sales, renewals after the first 6 months, or for professional services, support services, training services or third-party software products purchased by a Qualified Lead.

Qualified Revenue means revenue derived from the goods and services of Purchaser or the Company from such customers or prospects of Purchaser or the Company who were contacted in connection with, or who were otherwise the object or recipient of, the Integrated Activities, calculated as follows: