Annual Threshold Amount definition
Examples of Annual Threshold Amount in a sentence
For each Earnout Year, the Earnout Payment calculation shall be: Where: FCF = Free Cash Flow for such Earnout Year ATA = Annual Threshold Amount for such Earnout Year SA = Cumulative Shortfall Amount (if any) from the immediately preceding Earnout Year.
Each of the parties will use his or its best ------- efforts to take all action and to do all things necessary in order to consummate and make effective the transactions contemplated by this Agreement (including satisfaction, but not waiver, of the closing conditions set forth in Articles -------- VII and VIII below).
The Annual Threshold shall be the amount in effect for the immediately prior Agreement Year, which will be adjusted proportionately with the change in the percentage of passenger traffic at ONT; provided, however, that in no event shall the Annual Threshold Amount for a given adjustment year be decreased as the result of such adjustment.
SAFE acknowledges that it is Seller's intent to refer to SAFE a sufficient number of Qualified Referral Accounts from Qualified Dealers during the initial period as are necessary to generate the Annual Threshold Amount of Commissions for that period.
Subject to the provisions of this Section 2.6, following the Closing, Seller shall be entitled to receive additional payments (each, an “Earnout Payment”) from PRE based on PRE’s generation of Free Cash Flow in any Earnout Year in excess of the applicable Annual Threshold Amount for such Earnout Year.
Tenant shall also be responsible for removal of all telephone cables and wires that did not exist upon possession of the Premises, CRT, data and telephone equipment, and any other form of cabling that exists in Tenant’s space that did not exist upon possession of the Premises.