Revenue Amount definition
Examples of Revenue Amount in a sentence
Once the Amortization Amount has been paid on each Amortization Date, the balance of the Net Revenue Amount relating to the Oil and Gas Properties for the calendar month immediately preceding the applicable Amortization Date shall be available to ICF and/or TNEC.
In each fiscal year during the Employment Period, commencing with Fiscal 1997, in which the Company's Gross Revenues equal or exceed the Base Revenue Amount, the Company hereby agrees to issue to Executive 8,333 Incentive Shares, subject to adjustment as provided in Section 4.3 hereof, for each $100,000 increment of such excess; provided, however, that the aggregate number of Incentive Shares to be issued pursuant to this Section 4.1(a) shall not exceed 400,000 Shares.
For purposes of this Agreement, the "Base Revenue Amount" shall mean $1,116,000, the amount of the Company's gross revenues over the nine-month period ended June 30, 1997, annualized to September 30, 1997, based on financial statements prepared by the Company's independent public accountants (the "Company Accountants") in accordance with generally accepted accounting principles ("GAAP") applied consistently with the practices of the Company (the "Gross Revenue Bonus").
Interest on the Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes and the Class X Revenue Amount is payable by reference to the successive Interest Periods.
Seller shall pursue, and shall cause its Affiliates (including the Companies) to pursue, on behalf of and for the benefit of the Companies, any recovery under any such insurance policy with respect to any event or occurrence during the Interim Period, and any such recovery shall increase the Interim Revenue Amount; provided that if such recovery occurs subsequent to the Closing, Seller shall pay to Buyer the amount of such recovery upon receipt thereof by Seller or one of its Affiliates.