Revenue Payment definition

Revenue Payment means a payment in discharge of revenue expenditure and is, therefore, a payment other than a capital payment or an extraordinary payment;

Revenue Payment has the meaning set forth in Section 4.2(a). “Revenue Payment Amount” has the meaning set forth in Section 4.2.1.

Revenue Payment means for each Calendar Quarter occurring (in whole or in part) during the Revenue Payment Term, an amount payable to the Buyer equal to the product of (i) Net Sales during such Calendar Quarter (or, for any Calendar Quarter occurring in part during the Revenue Payment Term, Net Sales for the calendar days falling within the Revenue Payment Term during such Calendar Quarter) and (ii) the Applicable Tiered Percentage.

Examples of Revenue Payment in a sentence

• The anticipated Utility Shared Revenue Payment amounts compare favorably to the current property tax revenues generated from the land used for the Project.

• For federal income tax purposes, the Revenue Payment Amount is allocated as set forth in Part C of Exhibit 7.

• The Company shall pay the Gross Revenue Payments in cash, provided that, if the Board of Directors makes a good faith determination that there is insufficient cash to pay any Gross Revenue Payment, the Company may pay any Gross Revenue Payment in the Company’s Common Stock based on a price per share equal to the average closing bid price based on the ten (10) trading days prior to the date of the payment.

• As rent for the Premises, Developer shall pay to TxDOT the Revenue Payment Amount, as set forth in Section 5.1 of the Agreement and Part A of Exhibit 7 to the Agreement.

• If the Executive’s employment is terminated by the Company for Cause, as provided in Section 3.1.12 above, the Company will pay to the Executive, less standard deductions and withholdings, (i) the Executive’s Base Salary through the date of termination at the rate in effect at the time, (ii) accrued and unused Sick Time / Personal Time Off earned through the date of termination and (iii) the amount of Gross Revenue Payment set forth in Section 2.3 earned through the date of termination.

More Definitions of Revenue Payment

Revenue Payment has the meaning set forth in Section 4.1.

Revenue Payment means an amount in cash equal to the product of (a) (i) the number of customers of the Business on the Closing Date determined by reference to the Revenue Statement multiplied by (ii) the average annual revenue per customer of the Business for the System, exclusive of Revenues from the sale or leasing of equipment by Comp-Est, determined by reference to the Revenue Statement and (b) 1.66. The Revenue Payment under this Agreement shall equal the amount of the Revenue Payment calculated under the Option and Acquisition Agreement.

Revenue Payment has the meaning set forth in Section 4 hereto.

Revenue Payment has the meaning ascribed to it in Section 10.6(a).

Revenue Payment and “Revenue Payments,” as used herein, mean the prescribed-herein periodic payments to Seller, calculated as a percentage of Third-Party Revenue and/or as a percentage of Direct Revenue, as the case may be.

Revenue Payment means any payment prescribed by regulations made under section 77(1) to be a revenue payment for the purposes of section 9B;

Revenue Payment means the percentage payment due to the Company in respect of the Compete Revenues of the Shareholders, calculated in accordance with clauses 26.1(B)(ii) (Covenants), and clauses 26.4(G), (H) and (I) (Scope and exceptions), as relevant;