Sales Turnover definition

Sales Turnover means- “The aggregate amount for which sales are effected. The ‘gross turnover’ & ‘net turnover’ (or ‘gross sales’ and ‘net sales’) are sometimes used to distinguish the sales aggregate before and after deduction of returns and trade discounts.” For the purpose of Section 44AB, turnover shall be construed taking into consideration the following:
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Sales Turnover means- “The aggregate amount for which sale8s are effected. The ‘gross turnover’ & ‘net turnover’ (or ‘gross sales’ and ‘net
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Sales Turnover the total amount of revenues actually received by the Company in respect of a certain Sales Transactions.
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Examples of Sales Turnover in a sentence

  • By way of illumination, if the Sales Turnover is $20,000,000, then Infinity shall receive 320,000 Additional Shares (i.e. 270,000 Additional Shares for the first $15,000,000 in Sales Turnover and an 50,000 Additional Shares for the remaining $5,000,000 in Sales Turnover).

  • If the amount of twelve percent (12%) of the monthly Gross Sales Turnover does not exceed the Monthly Base Rent of that month, no Turnover Rent shall be payable for that month but any deficit (if any) shall not be carried over to the succeeding months.

  • By way of illumination, if the Sales Turnover equals $500,000, then Infinity shall receive 5,000 Additional Shares and if the Sales Turnover is $100, then Infinity shall receive 1 Additional Share.

  • No construction warranties available 7-22-2019 Holiday Inn ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇-▇▇▇-▇▇ Legal Loyens & Loeff Lease Please confirm that the tenant complied with its obligation to pay 3% of the Sales Turnover into the FF&E reserve fund.

  • On or before each of June 30, 2004, December 31, 2004, December 31, 2005 and July 1, 2006 Intercomp shall deliver to Infinity and BPHX, an interim report (each an "INTERIM REPORT") specifying in reasonable detail the eligible revenues generated by it from Intercomp Tools and calculation of the relevant portion of the Sales Turnover for the period commencing on the previous April 1 or January 1 and ending on December 31 or March 31 of such year, as applicable.

  • A final report specifying in reasonable detail the eligible revenues generated by Intercomp from Intercomp Tools and calculation of the Sales Turnover for the period commencing on April 1, 2003 and Concluding on March 31, 2006 ("FINAL REPORT") shall be delivered by Intercomp to Infinity and BPHX on or before July 1, 2006.

  • By way of illumination, if the Sales Turnover is $10,000,000, then Infinity shall receive 170,000 Additional Shares (i.e. 30,000 Additional Shares for the first $3,000,000 in Sales Turnover and 140,000 Additional Shares for the remaining $7,000,000 in Sales Turnover).

  • Yours faithfully, (Signature of the Bidder) Name & Designation: Seal DIN/Membership No.: Date: Business Address: Format 6 – Annual Sales Turnover Statement Date: / / This is to certify that we M/s are the statutory Auditors of M/s and that the below mentioned calculations are true as per the Audited Financial Statements of M/s for the below mentioned years.

  • Management Fees Management Fees in the sum up to three percent (3%) of the Monthly Consolidated Gross Sales Turnover of the Restaurants are payable by the Group.

  • The entire cost of such inspection shall be borne by Infinity PROVIDED, HOWEVER, that if the Interim Report of Final Report is determined by the Parties or competent tribunal to underreport the Sales Turnover by twelve and a half percent (12.5%) or more, then the cost of such audit shall be borne by BPHX.

Related to Sales Turnover

  • Annual Turnover means the actual turnover achieved during your first year of operations, from the commencement of your business to the date of the damage, converted to a 12-month equivalent figure.

  • Turnover means the aggregate value of the realisation of amount made from the sale, supply or distribution of goods or on account of services rendered, or both, by the company during a financial year;

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Standard Turnover means the turnover achieved between the date of commencement of your business and the date of the damage, converted to the selected indemnity period.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as