Revenue Floor definition
Examples of Revenue Floor in a sentence
Where any of paragraphs (a) and (c) of the definition of Support Year apply, the Annual Revenue Floor and Annual Revenue Ceiling will be adjusted proportionally, having regard to the number of days in the relevant partial year as a percentage of the total number of days in a full calendar year.
The “Annual Revenue Floor” in respect of the Financial Year is calculated as follows: where: ARFFY = the Annual Revenue Floor for the Financial Year; ∑NQTI = the sum of the Notional Quantity for all Trading Intervals in the Financial Year calculated in accordance with item 3.9 (“Calculation of Notional Quantity”); and AFFY = the Annual Floor for the Financial Year applicable to the Financial Year.
If the Quarterly Net Operational Revenue is equal to or greater than the Quarterly Revenue Floor and equal to or less than the Quarterly Revenue Ceiling, then the “Quarterly Payment Amount” payable in respect of the quarter is deemed to be zero.
Subject at all times to the exclusivity obligations of the Agreement and the Annual Effective Revenue Floor requirements set forth in Section 4 of this Sixth Amendment, AMD and FoundryCo agree to use commercially reasonable efforts to agree within [****] following execution of this Sixth Amendment on 2017 pricing, and by [****] of each of 2017, 2018 and 2019 on the pricing for the annual period following December 31 of such year.
An example of the calculation showing the effect of the Revenue Floor upon the Annual Contingent Payments is shown in Example B on Schedule 2.3(e).
It is also required to provide this information in MC5 Returnable Schedule.] The Annual Revenue Floor in respect of a Support Year is: (a) for the first Support Year $[insert]; (b) for the second Support Year $[insert]; (c) for the third Support Year $[insert]; (d) for the fourth Support Year $[insert]; and (e) [insert further rows to reflect the Support Period] $[insert].
In order to assist FoundryCo in confirming AMD’s compliance with its Annual Revenue Floor as set forth in the Agreement and any applicable Mitigation Payments, AMD agrees to provide the following written reports, which AMD represents [****] = Certain confidential information contained in this document, marked by brackets, has been omitted and filed separately with the Securities and Exchange Commission pursuant to Rule 24b-2 of the Securities Exchange Act of 1934, as amended.
Notwithstanding Appendix 3, Section (1) and subject to Appendix 3, Section (3), for any calendar year in which CME’s Equity Index Complex Revenue is less than $***** (as adjusted pursuant to the next sentence, the “Annual Net Revenue Floor”), the license fees payable by CME to S&P hereunder shall be ***** and will remain at ***** until such time, if any, that CME’s Equity Index Complex Revenue for a calendar year exceeds the Annual Net Revenue Floor in such year.
Each year beginning in 2012, the Annual Net Revenue Floor will be increased or decreased, as applicable, *****.
Where: Bq = the Quarterly Payment for the relevant Quarter; NSY = the Annual Revenue Floor; Iq = the Adjusted Net Operational Revenue for the relevant Quarter; and HSY = the Annual Payment Cap for the relevant Support Year; and KSY = the Annual Revenue Ceiling.