Revenue Plan definition

Revenue Plan means: (a) in respect of any fiscal quarter of the Borrower ending at any time on or prior to January 31, 2018, the projections (however designated) approved by the board of directors of the Borrower and delivered by the Borrower to the Administrative Agent on or about March 11, 2016 and (b) in respect of any fiscal quarter of the Borrower ending after January 31, 2018, the Projections for such fiscal quarter delivered by the Borrower to the Administrative Agent pursuant to Section 6.2(c). *** Pursuant to Section 7.1(b) of the Credit Agreement, the covenant level percentage to be used for purposes of testing compliance with Section 7.1(b) as of any Statement Date, and with respect to any fiscal quarter of the Borrower ending on such Statement Date, shall be a percentage equal to: (i) with respect to any such fiscal quarter of the Borrower ending on or prior to January 31, 2018, 80% of the amount of consolidated revenues forecasted by the Borrower in the Revenue Plan delivered by the Borrower to the Administrative Agent in respect of such fiscal quarter pursuant to Section 6.2(c), and (ii) with respect to any such fiscal quarter of the Borrower ending at any time after January 31, 2018, the percentage (of the amount of consolidated revenues forecasted by the Borrower in the Revenue Plan delivered by the Borrower to the Administrative Agent in respect of such fiscal quarter pursuant to Section 6.2(c)) determined by the Required Lenders in their sole discretion based on their review of the Revenue Plan delivered by the Borrower pursuant to Section 6.2(c) in respect of such fiscal quarter.
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Revenue Plan is the consolidated revenue generation projections plan prepared by the Borrower and delivered to the Administrative Agent on or about September 22, 2014, which consolidated revenue generation projections plan provides the Borrower’s forecast of the consolidated revenues to be generated by the Borrower and its consolidated Subsidiaries during each fiscal quarter occurring during the term of this Agreement.
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Revenue Plan is (a) in respect of any fiscal quarter of the Borrower ending at any time on or prior to January 31, 2018, the projections (however designated) approved by the board of directors of the Borrower and delivered by the Borrower to the Administrative Agent on or about March 11, 2016 and (b) in respect of any fiscal quarter of the Borrower ending after January 31, 2018, the Projections for such fiscal quarter delivered by the Borrower to the Administrative Agent pursuant to Section 6.2(c).
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Examples of Revenue Plan in a sentence

  • The Borrower and its Subsidiaries shall maintain at all times, to be tested quarterly as of the last day of each fiscal quarter, Total Net Revenue of at least seventy-five percent (75%) of the Total Net Revenue set forth in the Total Revenue Plan for each test date.

  • The inclusion of these services will be addressed through a future amendment to the Revenue Plan, at a time when these services become available and Customer desires these services.

  • Additionally, United shall receive incentive compensation that is based, for the year in question, on Total Revenue versus the Revenue Plan and on Financial Assistance spending versus the FA Budget.

  • The county service area(s) outlined in Annex I 4.2 Revenue Plan and Units/Persons Served obligate the CONTRACTOR to serve all clients referred by the CRC in such area regardless of where the client lives within the county.

  • CONTRACTOR acknowledges that all non-AAA funding contributed to the programs must be enumerated on the 4.2 Revenue Plan and Units/Persons Served form.

  • The Service Commitment Period for each Circuit comprising Qualifying IXC Service of the Revenue Plan is twelve (12) months, unless the aforementioned Circuit is upgraded to a Service of equal or greater monthly recurring charge and such Circuit has been installed for no less than a six (6) month period.

  • Executive shall primarily be responsible for meeting revenue and sales cost objectives (Revenue Plan), an initial such Revenue Plan is hereby attached for reference, and for developing and maintaining sales personnel meeting such Plan goals.

  • Annual Period Total Time Accrued ------ ------- Year-1 1-Month Year-2 2-Months Year-3 3-Months Year-4 4-Months Year-5 5-Months Year-6 & above 6-Months % Sale Performance to Revenue Plan versus % Severance Compensation Earned 0-79% = 0%.

  • Permit the aggregate amount of revenues generated by the Borrower and its consolidated Subsidiaries during any fiscal quarter of the Borrower (as determined as of the last day of any such fiscal quarter) to be less than an amount equal to 80% of the amount of consolidated revenues forecasted by the Borrower in the Revenue Plan in respect of such fiscal quarter.

  • This calculation shall be based on the cost of service and shall meet the requirements of the Final Revenue Plan approved by the State and Federal governments, unless City and County mutually agree on any other basis for apportionment of operating and maintenance cost which is not in violation of State requirements on fairness and equitability.


More Definitions of Revenue Plan

Revenue Plan is the revenue plan provided by Borrower to Collateral Agent and attached hereto as Exhibit E, as updated annually in accordance with Section 6.10.
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Revenue Plan means the projected revenue recognized in accordance generally accepted accounting principles for hospital contracts entered into after August 1, 1998, (including extensions or renewals of current hospital contracts) as agreed upon by the Company and GNYHA and attached hereto as Exhibit 4.
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Revenue Plan is, in respect of any fiscal year the Borrower ending after June 30, 2016, (a) the Projections for such fiscal year delivered by the Borrower to the Administrative Agent pursuant to Section 6.2(c), or (b) as applicable, any other projections (however designated) that are approved by the board of directors of the Borrower, delivered by the Borrower to the Administrative Agent (including after the Borrower has already delivered Projections in respect of such fiscal year to the Administrative Agent) and otherwise approved by the Administrative Agent and the Required Lenders in their sole discretion for use in determining what covenant level percentages will apply under Section 7.1(e)(ii) with respect to the fiscal quarters occurring during such fiscal year.
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Related to Revenue Plan

  • HACCP plan means a written document that delineates the formal procedures for following the Hazard Analysis Critical Control Point principles developed by The National Advisory Committee on Microbiological Criteria for Foods.

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • capital accumulation plan means a tax assisted investment or savings plan, including a defined contribution registered pension plan, a group registered retirement savings plan, a group registered education savings plan, or a deferred profit-sharing plan, that permits a plan member to make investment decisions among two or more investment options offered within the plan, and in Québec and Manitoba, includes a simplified pension plan;

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.