Average Turnover definition
Average Turnover means one minus the quotient obtained by dividing (x) the sum of (A) the number of AOLB/Itau Subscribers who registered pursuant to the in-branch subscription efforts of this Section 2 during the first Contract Month of the Prior Quarter and who remain AOLB/Itau Subscribers as of the last day of such Contract Month and (B) the number of AOLB/Itau Subscribers who register pursuant to the in-branch subscription efforts of this Section 2 during the second Contract Month of the Prior Quarter and who remain AOLB/Itau Subscribers as of the last day of such Contract Month, by (y) the sum of (A) the number of AOLB/Itau Subscribers who registered pursuant to the in-branch subscription efforts of this Section 2 during the first Contract Month of the Prior Quarter (regardless of whether or not they remain AOLB/Itau Subscribers as of the last day of such Contract Month) and (B) the number of AOLB/Itau Subscribers who register pursuant to the in-branch subscription efforts of this Section 2 during the second Contract Month of the Prior Quarter (regardless of whether they remain AOLB/Itau Subscribers as of the last day of such Contract Month).
Average Turnover means one minus the quotient obtained by dividing (x) the sum of (A) the number of AOLB/Itaú Subscribers who registered pursuant to the in-branch subscription efforts of this Section 2 during the first Contract Month of the Prior Quarter and who remain AOLB/Itaú Subscribers as of the last day of such Contract Month and (B) the number of AOLB/Itaú Subscribers who register pursuant to the in-branch subscription efforts of this Section 2 during the second Contract Month of the Prior Quarter and who remain AOLB/Itaú Subscribers as of the last day of such Contract Month, by (y) the sum of (A) the number of AOLB/Itaú Subscribers who registered pursuant to the in-branch subscription efforts of this Section 2 during the first Contract Month of the Prior Quarter (regardless of whether or not they remain AOLB/Itaú Subscribers as of the last day of such Contract Month) and (B) the number of AOLB/Itaú Subscribers who register pursuant to the in-branch subscription efforts of this Section 2 during the second Contract Month of the Prior Quarter (regardless of whether they remain AOLB/Itaú Subscribers as of the last day of such Contract Month)
Examples of Average Turnover in a sentence
Minimum Average Turnover (with respect to freight revenue only) for the last three financial years shall be Rs. 5 Crores (Rs. Five Crores).