Base Case Revenue definition
Examples of Base Case Revenue in a sentence
Subject to the provisions of this Section 2.4, following the Closing, each Seller shall be entitled to receive additional payments (each, an “Earnout Payment”) from the applicable UTP based on the Actual Revenue received in any Earnout Year in excess of the applicable Base Case Revenue for such Earnout Year.
A = Actual Revenue received for such Earnout Year B = Base Case Revenue for such Earnout Year O = The applicable Ownership Share If such calculation produces a positive amount, such amount shall be the amount of the Earnout Payment for such Earnout Year.
The Excess Base Case Revenue Thresholds set forth in (i) through (vii) above shall be adjusted downward for CDO Agreements that are not sold, assigned and transferred pursuant to this Agreement as of the applicable Measurement Period, and the adjustment shall be equal to the dollar amount allocated to such CDO Agreements on Schedule 3(b).
Schedule 3(b) sets forth an allocation of the Excess Base Case Revenue Thresholds among the CDO Agreements.