Total Net Revenue definition
Examples of Total Net Revenue in a sentence
Total Net Revenue will be calculated on a cumulative basis between all products resulting in the total Net Revenue derived from the sum of both positive and or negative Net Revenue from each product for any calendar month (or part thereof).
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 Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has achieved Total Net Revenue of at least Eighteen Million Dollars ($18,000,000) for the second fiscal quarter of 2022, i.e., from April 1, 2022 to June 30, 2022.
Total Net Revenue (“TNR”) is Net Revenue – Vetericyn (NRV) plus Net Revenue – Puracyn (NRP).
If Manager succeeds in increasing Total Net Revenues, which for this purpose include Total Net Revenue from any other Facility managed by Manager under this Agreement or any other management agreement between Manager and the Tribes, above $28 million in any fiscal year, the Manager will earn an additional Management Fee equal to an additional 15% of Total Net Revenue, but only on Total Net Revenue in excess of $28 million from all Gaming Operations of the Tribes managed by Manager.