Minimum Revenue Target definition

Minimum Revenue Target shall have the meaning set forth in Schedule 1.7.
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Minimum Revenue Target means 90% of the Annual Revenue Target for the Annual Contingent Consideration Period ending December 31, 2008, and 85% of the Annual Revenue Target for each of the Annual Contingent Consideration Periods ending December 31, 2009 and December 31, 2010.
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Minimum Revenue Target. An amount equal to 75% of the total revenue recorded for calendar year 2015. The revenues for both 2015 and the Earnout Period shall be determined on an accrual basis of accounting in accordance with GAAP (including an appropriate allowance for doubtful accounts receivable).
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Examples of Minimum Revenue Target in a sentence

  • The Minimum Revenue Target shall be prorated to adjust for any partial years occurring during the Test Period.

  • If ▇▇▇▇▇.▇▇▇ fails to achieve the Aggregate Minimum Revenue Target within seven (7) years from the Effective Date, then the Royalty Term shall be extended until the earlier of (A) the last day of the month in which the Aggregate Minimum Revenue Target is achieved or (B) ten (10) years from the Effective Date.

  • No payment shall be made if ArtToday Revenue for the Third Earn-Out Period is below the Third Minimum Revenue Target, and in such case the right to any Earn-Out Payment for such period shall terminate.

  • In addition to the Initial Purchase Price, if the gross revenue (the “Earnout Revenue”) of the Business for the period beginning September 1, 2021 and ending August 31, 2022 (the “Earnout Period”) is greater than Seven Million Dollars ($7,000,000) (the “Minimum Revenue Target”), then on or before September 23, 2022, Purchaser shall pay to the Company an amount equal to (a) the Earnout Revenue less (b) the Minimum Revenue Target, but in no event greater than $2,000,000.

  • If the Actual Revenue is less than the Minimum Revenue Target then the principal amount of the Note shall be reduced by such amount on a dollar-for-dollar basis (“Downward Adjustment Amount”) and the balance of the Note shall be paid by Buyer to the Shareholders within five (5) days following such determination, in full satisfaction of the Note.

  • If Earnout Revenue is less than or equal to the Minimum Revenue Target, no amounts will be due to the Company pursuant to this Section 2.4.4. During the Earnout Period, Purchaser shall operate the Business in the Ordinary Course of Business and shall not take any action (or cause the Business to take any action) that would, or would reasonably be expected to, reduce the Earnout Revenue.

  • The Participant shall vest in 50% of the [Insert 50% of options] Revenue Related Shares if Net Revenue for the Corporation’s fiscal year ending June 30, 2010 or any prior fiscal year equals or exceeds the Minimum Revenue Target.

  • No payment shall be made if ArtToday Revenue for the First Earn-Out Period is below the First Minimum Revenue Target, and in such case the right to any Earn-Out Payment for such period shall terminate.

  • No payment shall be made if ArtToday Revenue for the Second Earn-Out Period is below the Second Minimum Revenue Target, and in such case the right to any Earn-Out Payment for such period shall terminate.


More Definitions of Minimum Revenue Target

Minimum Revenue Target has the meaning set forth in Section 2.4(b).
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Related to Minimum Revenue Target

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • First Year means the intake group of Students for the most junior class or year in a school.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.