Run Rate Revenue definition
Run Rate Revenue means the Company’s Revenue attributable to Contracts associated with the relevant Other Vertical(s) or Vistio that have been in Revenue-producing operations over the entirety of the relevant time period plus Revenue (on a pro-forma, annualized basis) for each Contract associated with the relevant Other Vertical(s) or Vistio that was not in Revenue-producing operations over the entirety of the relevant time period assuming it has been effective for the full twelve (12)-month period.
Run Rate Revenue means that certain run rate revenue of the Company or GREC Corp from the sum of (a) third party management fees calculated at the close of each quarter during the Earnout Period, in accordance with the following: (i) the Net Annualized Management Fees for each of (1) Greenbacker Development Opportunities Fund I, L.P., Greenbacker Renewable Opportunity Zone Fund LLC, and Greenbacker Renewable Energy Company II, LLC (in each case to the extent resulting from additional fundraising after December 31, 2021), and (2) from any other funds formed or created after the date hereof for which the Company or its applicable subsidiaries are entitled to receive management and incentive fees (each an “Eligible Fund”), plus (ii) the last 12 months net incentive fees realized for each Eligible Fund’s actual incentive fees earned following the closing of the Internalization and (b) an amount equal to the product of (i) additional capital raised following the Closing of the Internalization (excluding proceeds from any initial public offering of GREC Corp (or its successor), but including additional net proceeds from equity capital raised by GREC Corp (or its successor) following such initial public offering) and (ii) 1.5% per annum.
Run Rate Revenue means the revenue generated from the Company’s advisory client contracts calculated by excluding management fees on the Company’s funds business; excluding one-time and non-recurring revenues unrelated to existing clients; and adjusted for revenue associated with notified contract additions or terminations as of the date of this Agreement and adjusted for the period between the date of this Agreement and the Closing Date. A calculation of Run-Rate Revenue as of the date hereof is set forth on Exhibit C annexed hereto.
Examples of Run Rate Revenue in a sentence
The Run Rate Revenue specified in Schedule 2.1(a) will be used as the basis for the calculations of the Purchase Price pursuant to Section 2.5(a) and that such Run Rate Revenues will not be further adjusted as contemplated by Section 2.6(j).
Any Retained Collections Contributions will be part of Aggregate Annualized Run Rate Revenue for up to ninety (90) days from the related deposit date.
Any Retained Collections Contributions will be part of Aggregate Annualized Run Rate Revenue for one year from the related deposit date.
The Company shall use its commercially reasonable efforts to obtain the affirmative written consent to assignment of their Investment Contracts to the Company prior to Closing on terms at least as favorable to the Company as the terms of such Investment Contracts on the date hereof from the Company’s ten largest clients measured by Client Run Rate Revenue as of the date hereof (excluding El Paso Natural Gas Retirement Trust 1230).
Completion Run Rate Revenue ...........................................................................................................
More Definitions of Run Rate Revenue
Run Rate Revenue means, as applicable depending on the amount of time the Seller Correspondent has been a customer of Seller, (a) an amount equal to the product of the Net Revenue recognized from any Seller Correspondent during a Reference Period multiplied by two, or (b) an amount equal to the greater of (i) the Net Revenue recognized from any Seller Correspondent during a Stub Reference Period multiplied by a number that will annualize such revenue and (ii) the monthly minimum contractual Net Revenue for such Seller Correspondent during the Stub Reference Period multiplied by twelve each as set forth in Schedule 2.1(a), as the same may be modified and amended in accordance with the terms of this Agreement; provided, however, the Run Rate Revenue of each Seller Correspondent shall be adjusted (A) to include any Once Yearly Revenue not included in the calculations in clauses (a) or (b) above because of its recognition during the portion of the year outside the applicable Reference Period or Stub Reference Period , (B) to exclude any multiple-counting of Once Yearly Revenue included in the calculations in clauses (a) or (b) above because of its recognition during the applicable Reference Period and (C) to exclude any Run-Rate Revenue with respect to a Restricted Contract. For purposes herein, “Once Yearly Revenue” shall mean any type of revenue recognized once annually per contract and shall specifically include, but not be limited to, annual ▇▇▇ fees, excess SIPC ▇▇▇ account fees, excess SIPC fees with respect to all other accounts and annual inactive account fees. For the avoidance of doubt, the calculation of Run-Rate Revenue shall be calculated in good faith to avoid the multiple-counting of any Once Yearly Revenue, to exclude any Non-Recurring Revenues recognized within a Reference Period, to exclude Termination Fees and to exclude any Run-Rate Revenue with respect to Restricted Contracts.
Run Rate Revenue means the product of (x) and (y), where (x) equals the Revenue for the three-month period ending August 31, 2004, and (y) equals four (4). Examples of calculations of the Earnout Consideration payments are set forth on Exhibit C hereto.
Run Rate Revenue as determined as of any given Measurement Date, the sum of (x) Aggregate Annualized Base Fee Revenues determined as of such date and (y) Aggregate Annualized Performance Fee Revenues determined as of such date. SEC: the Securities and Exchange Commission.
Run Rate Revenue means the trailing 3-month Revenue multiplied by four (4).
Run Rate Revenue means, for the purposes of calculating the Contingent Consideration with respect to a Bank Contract, the annualized sum of (x) gross revenues earned by Buyer (i.e., fee payments or fund trailer payments earned by Buyer) during the Contingent Consideration Period with respect to such Bank Contract (or any successor or replacement contract), less (y) fund revenue payments made by Buyer (i.e., fund trailer payments earned by Buyer and remitted or otherwise credited) to the applicable customer during the Contingent Consideration Period with respect to such Bank Contract (or any successor or replacement contract) (the sum of (x) minus (y) being hereinafter referred to as the “Net Revenues”). For purposes of calculating the Contingent Consideration, the annualized sum of the Net Revenues with respect to a Bank Contract will be calculated by adding the Net Revenues during the Contingent Period and multiplying that sum by four (4).
Run Rate Revenue with respect to any Tower, monthly revenues for all customer leases executed or currently in effect for such Tower, including (a) site rental revenue and license fees, including space reservation payments that are paid to lease, sublease or retain space on such Tower, (b) management fees that are directly attributable to such Tower, and (c) real estate lease and similar payments, whether or not related to Tower sites, to the extent included as site rental revenue for such Tower, (d) utility charges, whether bundled with the lease payments or billed separately, and (e) site accommodation and other fees (but excluding engineering and similar fees billed only on a one-time basis). For purposes of calculating Run Rate Revenue for any relevant period consisting of more than one month, monthly Run Rate Revenue shall be multiplied by the number of months for the relevant period.
Run Rate Revenue means revenue, annualized irrespective of the length of the applicable period.