Revenues Adjustment Amount definition

Revenues Adjustment Amount shall equal the product obtained by multiplying (i) $1,100 by (ii) the quotient obtained by dividing (X) the Annualized Recurring Revenues Deficiency, by (Y) one thousand dollars ($1,000). For purposes hereof, "Recurring Revenues" shall mean revenues of Seller from recurring sources, calculated by multiplying the number of Subscribers as of February 28, 1999 by the average monthly rate in effect for such Subscribers, by type, excluding one-time set-up fees and other ancillary charges. For purposes hereof, the term "Annualized Recurring Revenues Deficiency" shall equal the product of (i) the difference between (A) the Target Revenues and (B) Recurring Revenues, multiplied by (ii) twelve (12).
Sample 1
Revenues Adjustment Amount shall equal the product obtained by multiplying (i) $1,667 by (ii) the quotient obtained by dividing (X) the Annualized Recurring Revenues Deficiency (as defined herein), by (Y) one thousand dollars ($1,000). For purposes hereof, "Recurring Revenues" shall mean revenues of Seller from Subscribers (determined on an accrual basis), calculated by multiplying the number of Subscribers as of the Closing Date by the average monthly rate in effect for such Subscribers, by type, excluding one-time set-up fees and other ancillary charges. For purposes hereof, the term "Annualized Recurring Revenues Deficiency" shall equal the product of (i) the difference between (A) the Target Revenues and (B) Recurring Revenues (ii) multiplied by twelve (12).
Sample 1
Revenues Adjustment Amount shall equal the product obtained by multiplying (i) $1,780 by (ii) the quotient obtained by dividing (X) the Annualized Revenues Deficiency (as defined herein), by (Y) one thousand dollars ($1,000). For purposes hereof, "Revenues" shall mean the sum of (i) the total recurring revenues of Seller, and (ii) the average non-recurring revenues for the prior four (4) months of Seller, as set forth on Schedule 1.6(b). For purposes hereof, the term "Annualized Revenues Deficiency" shall equal the product of (i) the difference between (A) the Target Revenues and (B) Revenues, multiplied by (ii) twelve (12).
Sample 1

Examples of Revenues Adjustment Amount in a sentence

  • The Purchase Price payable at the Closing Date shall be decreased on a dollar-for-dollar basis by the amount of the Estimated Revenues Adjustment Amount.

  • Prior to the Closing, Buyer and Seller shall prepare a statement to be attached hereto as Schedule 1.6(c) (the "Estimated Adjustment Statement") which sets forth (x) the estimated amount of the Net Working Capital as of the Closing Date (the "Estimated Net Working Capital") and (y) the estimated Revenues Adjustment Amount (the "Estimated Revenues Adjustment Amount").

  • For purposes hereof, the term "Revenues Adjustment Amount" shall equal the product obtained by multiplying (i) $2,000 by (ii) the quotient obtained by dividing (X) the Annualized Recurring Revenues Deficiency (as defined herein), by (Y) one thousand dollars ($1,000).

  • Prior to the Closing, Buyer and Seller shall prepare a statement to be attached hereto as Schedule 1.6(c) (the "Estimated Adjustment Statement") which sets forth (x) the estimated amount of the Net Working Capital of the Business as of the Closing Date (the "Estimated Net Working Capital") and (y) the Estimated Revenues Adjustment Amount (the "Estimated Revenues Adjustment Amount").

  • The Purchase Price shall be decreased, on a dollar-for-dollar basis, by the Revenues Adjustment Amount (as defined herein) in the event Revenues (as defined herein) for the 31 calendar days prior to the Closing are less than $74,000 (annualized at $888,000) (the "Target Revenues").

  • The Payroll Revenues Adjustment Amount as so adjusted in accordance with this Section 2.03(c) shall be referred to herein as the "Purchase Price Adjustment Amount." If the Purchase Price Adjustment Amount is zero or greater, the excess of the Estimated Purchase Price Amount over the Purchase Price Adjustment Amount shall be the Purchase Price.

  • The Purchase Price shall be decreased, on a dollar-for-dollar basis, by the Revenues Adjustment Amount (as defined herein) in the event Recurring Revenues (as defined herein) are less than $88,000 (the "Target Revenues").

  • In case of unavailability of the President, his functions are assumed by the secretary, and, if the latter is also not available, they are transferred to the oldest of the present administrators.

  • The cash and stock portion of the Purchase Price as set forth in Sections 1.5(b) and (c) above shall be decreased on a pro-rata, dollar-for-dollar basis, by the Revenues Adjustment Amount (as defined herein) in the event Recurring Revenues (as defined herein) for the 31 calendar days prior to the Closing are less than $340,000 (the "Target Revenues").

  • The Purchase Price shall be decreased, on a dollar-for-dollar basis, by (i) the Revenues Adjustment Amount (as defined herein) in the event Recurring Revenues (as defined herein) for the 31 calendar days prior to the Closing are less than $157,000 (annualized at $1,884,000) (the "Target Revenues").


More Definitions of Revenues Adjustment Amount

Revenues Adjustment Amount shall equal the product obtained by multiplying (i) $1,750 by (ii) the quotient obtained by dividing (X) the Annualized Actual Revenues Deficiency, by (Y) one thousand dollars ($1,000). For purposes hereof, "Actual Revenues" shall mean gross monthly revenues, without adjustment for deferred revenues, of Seller as of March 31, 1999; provided, however, that "Actual Revenues" shall exclude (x) revenue
Sample 1
Revenues Adjustment Amount shall equal the product obtained by multiplying (i) $2,000 by (ii) the quotient obtained by dividing (X) the Annualized Recurring Revenues Deficiency (as defined herein), by (Y) one thousand dollars ($1,000). For purposes hereof, "Recurring Revenues" shall mean revenues of Sellers from Subscribers (determined on an accrual basis), calculated by multiplying the number of Subscribers as of the Closing Date by the average monthly rate in effect as of the Closing Date for such Subscribers, by type, excluding one-time set-up fees and other ancillary charges. For purposes hereof, the term "Annualized Recurring Revenues Deficiency" shall equal the product of the difference between (A) the Target Revenues and (B) Recurring Revenues (or Average Recurring Revenues (as defined herein), as the case may be) multiplied by twelve (12). Notwithstanding anything to the contrary in this Section 1.6(b), (1) in the event that Recurring Revenues for the 31 calendar days prior to the Closing are less than $155,000, Recurring Revenues shall mean revenues of Sellers from Subscribers (determined on an accrual basis), calculated by multiplying the average number of Subscribers for during the 90-calendar day period immediately preceding the Closing by the average monthly rate in effect for such Subscribers during such period, by type, excluding one-time set-up fees and other ancillary charges (as calculated, the "Average Recurring Revenues"), and (2) in the event that Average Recurring Revenues are equal to or greater than $157,000, the Revenues Adjustment Amount shall be deemed to be zero ($0).
Sample 1
Revenues Adjustment Amount shall have the meaning set forth in Section 1.6(b).
Sample 1
Revenues Adjustment Amount shall equal the product obtained by multiplying (i) $1,818 by (ii) the quotient obtained by dividing (X) the Annualized Recurring Revenues Deficiency, by (Y) one thousand dollars ($1,000). For purposes hereof, the term "Recurring Revenues" shall mean and include all of Seller's revenues derived from Dial-up Subscribers (including e-mail only accounts), Dedicated Subscribers and Web- hosting/Domain-hosting Subscribers (as each such term is defined in Section 2.16 hereof) of Seller's Business, including, without limitation, deferred revenues (or earned income) and any other recurring revenue sources, but which shall specifically exclude any revenues derived by Seller from sales taxes, one-time sign-up fees, one-time contract revenues, and any other revenues which are the result of extraordinary promotions sponsored by or extraordinary marketing expenses incurred by Seller outside the ordinary course of Seller's Business and not consistent with Seller's past business practices, in each case determined on a monthly basis as of the end of the last completed calendar month prior to Closing. For purposes hereof, the term "Annualized Recurring Revenues Deficiency" shall equal the product of (i) the difference between (A) the Target Revenues and (B) Recurring Revenues, multiplied by (ii) twelve (12).
Sample 1

Related to Revenues Adjustment Amount

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Estimated Adjustment Amount has the meaning set forth in Section 2.5(a).

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Net Working Capital Adjustment Amount means an amount (which may be a positive or negative number) equal to (a) the Closing Date Net Working Capital minus (b) the Target Net Working Capital.

  • Working Capital Adjustment Amount means an amount, which may be positive or negative, calculated in accordance with Schedule C, equal to the difference of (a) the Closing Date Adjusted Working Capital minus (b) the Preliminary Adjusted Working Capital.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).

  • Spread Adjustment means 100 basis points.

  • Contract Adjustment Payments means the payments payable by the Company on the Special Payment Date or the Payment Dates in respect of each Purchase Contract, at a rate per year of [•]% of the Stated Amount per Purchase Contract.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Adjustment Escrow Amount means $1,000,000.

  • Financing Costs Adjustment Date means each of the following days:

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Unadjusted Principal Distribution Amount As defined in the definition of “Principal Distribution Amount.”

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • Net Working Capital Adjustment means (a) the amount by which Net Working Capital as of immediately prior to the Closing exceeds Target Net Working Capital or (b) the amount by which Net Working Capital as of immediately prior to the Closing is less than Target Net Working Capital, in each case, if applicable; provided, that any amount which is calculated pursuant to clause (b) above shall be deemed to be a negative number.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of Three Hundred Thousand Dollars ($300,000), excluding any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.