Annual Revenue definition
Examples of Annual Revenue in a sentence
The Concessionaire must maintain full and accurate books of accounts and records from which Gross Annual Revenue, in respect of each Concession Year or part-year (where relevant), can be ascertained.
Starting with the 2027 Index-Based Rate Adjustment, the difference between the Franchisee’s annual Total Cost Projection and the Franchisee’s actual annual total ▇▇▇▇▇▇▇▇ to Customers in the District shall be included in the annual Index-Based Rate Adjustment as an Annual Revenue Reconciliation.
Calculation of Annual Revenue Reconciliation shall be calculated in accordance with Section 2.D, above, for the applicable year as appropriate.
This Index-Based Rate Adjustment calculation described herein shall repeat in 2027, 2028, and 2029, with the addition of the Annual Revenue Reconciliation amounts calculated pursuant to Section 2.D of this Exhibit.
Indexed Rate Adjustment 5.69% 6.01% 5.01% 5.01% Indexed Rate Adjustment 5.69% 3.99% 4.99% 5.01% Significant, unexpected increases or decreases in revenue may be included or excluded from the Annual Revenue Reconciliation if deemed reasonable by the parties.