Revenue Tracking Clause Samples
The Revenue – Tracking clause establishes the requirement for monitoring and recording all income generated under the agreement. It typically outlines the methods and frequency for reporting revenue, such as through periodic financial statements or access to accounting records, and may specify the types of revenue to be tracked, including direct sales or royalties. This clause ensures transparency and accountability in financial dealings, helping both parties verify that payments and obligations are accurately calculated and fulfilled.
Revenue Tracking. Prior to the occurrence of the Initial Public Offering, beginning June 30, 2004, Borrower shall maintain quarterly revenues within thirty (30.0%) of the operating budget approved by the Board of Directors of the Borrower, and accepted by the Bank, tested as of the last day of each quarter for the preceding six (6) month period.
Revenue Tracking. Beginning January 1, 2003, and for each month thereafter, Borrower shall maintain monthly revenues within 25% of the operating budget approved by the Board of Directors of Borrower and accepted by Bank, which acceptance shall not be unreasonably withheld.
Revenue Tracking
