Benchmark Revenue definition

Benchmark Revenue means all Route-related revenue including but not limited to passenger, ancillary and cargo revenue that the Contract parties negotiated upon during the Tender Procedures in accordance with Tenderer’s anticipated Route-related operation costs, profit margins, traffic, cash flows and other issues considered relevant by the Contract parties and is provided for in the Joint Business Plan. Once negotiated, Benchmark Revenue shall not be adjusted throughout the entire Contract performance period, therefore any differences between negotiated and actual Route-related operation costs, profit margins, traffic, cash flows and other issues considered relevant shall be bearded as the risk which the Contract parties accept to take by concluding the Contract.
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Benchmark Revenue means the Borrower’s gross revenues for the applicable period from all sources, less any “Permissible Offsets,” defined herein, driver-member payouts, sales taxes, Black Car Fund fees, regulatory surcharges (e.g., congestion surcharge, airport fees), and credit card payment processing fees, all as calculated according to generally accepted accounting principles in the U.S.
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Benchmark Revenue means the estimated revenue from petroleum activities expected by the Government for the corresponding fiscal year;
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Examples of Benchmark Revenue in a sentence

  • Farm ACRE Benchmark Revenue (Farm’s Expected Yield times ACRE Guarantee Price plus producer paid crop insurance premium)must exceed the Actual Farm Revenue (Actual Farm Yield times the higher of National average market price or 70% of National loan rate.) ACRE (cont.)Once both triggers are met, payment acres will be computed on 83.3% of the eligible commodities planted on the farm (85% for 2012), not to exceed the total base acreage of the farm.

  • The ratio of the Annual Lease Payment to Benchmark Revenue multiplied by the Final Compensation determines the Vessel Owner Share of Final Compensation.

  • Benchmark Revenue Per Customer targets under the EGMA RDM shall be updated to reflect EGMA’s updated base distribution revenue inclusive of the revenue requirement for the First Rate Base Reset.

  • On November 1, 2021, EGMA shall adjust the Benchmark Revenue Per Customer targets for the EGMA Revenue Decoupling Mechanism (“RDM”) to move all customers in existence as of December 31, 2017 into the RDM and to reflect the revenue target established by Section 2.4.2.1. On November 1, 2022, EGMA shall adjust the Benchmark Revenue Per Customer targets for the EGMA RDM to reflect the revenue requirement established by Section 2.4.2.4.

  • Benchmark Revenue Per Customer targets under the EGMA RDM shall be updated to reflect EGMA’s updated base distribution revenue inclusive of the revenue requirement for the Second Rate Base Reset.

  • Several development efforts seem to contribute to maintaining a high animal population in Borana.

  • This brings the Benchmark Revenue to US$360.36 million (down from US$541.24 million based on the BR price of US$86.02 per barrel) to be distributed between the Annual Budget Funding Amount (US$252.25 million) and the Ghana Petroleum Funds (US$108.11 million).

  • Civil society engagement and gender responsiveness will be vital for such an endeavour.

  • The under-performance of petroleum revenues for the period stemmed from the decline in crude oil prices (as shown in Figure 5) and the rigid nature of the Benchmark Revenue (BR) estimation, using the formula set out in the PRMA, which did not allow for a revision to the BR once estimated.

  • The Committee did not find any evidence that the requirement for the opinion of an international expert to be consulted was followed in the determination of the 2011 Benchmark Revenue.


More Definitions of Benchmark Revenue

Benchmark Revenue means the amount set forth in the “Value” column on Line “C” of Appendix O.
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Benchmark Revenue means the estimated revenue from petroleum operations expected by the Government for the corresponding financial year.
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Benchmark Revenue means $8,655,662, representing the net revenue of the Company and BCGS, calculated in accordance with Exhibit G, for the twelve-month period ending on the Benchmark Date. “Earn-Out End Date” means the third (3rd) anniversary of the Earn-Out Start Date. “Earn-Out Start Date” means the first day of the first month following the Closing Date. “Total Net Revenue” means the net revenue of the Company and BCGS for the twelve- month period ending on the Earn-Out End Date, calculated in accordance with Exhibit G. For the avoidance of doubt, (i) Total Net Revenue shall include net revenue of business acquired on account of acquisitions, mergers, stock purchases, or asset purchases that occur after the Closing Date and prior to the Earn-Out End Date to the extent made by the Company or BCGS, as mutually agreed by the parties hereto, and (ii) Total Net Revenue shall exclude the revenue generated from the business converted from the Buyer’s “Retirement Advantage” platform to the platform of the Company. (b) If the condition in Section 2.6(a)(ii) is satisfied, Buyer shall give the Sellers written notice of Buyer’s calculation of the following amount (the “Earn-Out Payment”) within ninety (90) days following the Earn-Out End Date: (i) if the Total Net Revenue exceeds the Benchmark Revenue by fifteen percent (15%) or more but less than nineteen percent (19%), the respective Seller’s Pro Rata Share of $1,250,000.00; -21- 40733748.21
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Benchmark Revenue has the meaning given to it in Clause 9.1.
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Related to Benchmark Revenue

  • Total Revenue bears the same meaning assigned to this expression in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act and promulgated in the Government Gazette on 9 February 2007;

  • Benchmark Review means a review of the Services carried out in accordance with paragraphs 2.1 to 2.3 of Schedule 7 (Value for Money) of this Framework Agreement to determine whether those Services represent Good Value;

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Gross Revenue means:

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

  • Benchmark Rate means, with respect to any Redemption Date, the rate per annum equal to the annual equivalent yield to maturity or interpolated maturity of the Comparable Benchmark Issue (as defined below), assuming a price for the Comparable Benchmark Issue (expressed as a percentage of its principal amount) equal to the Comparable Benchmark Price for such Redemption Date.

  • Benchmark Gilt means, in respect of a Reset Period, such United Kingdom government security having a maturity date on or about the last day of such Reset Period as the Calculation Agent, with the advice of the Reference Banks, may determine to be appropriate;

  • Total Revenues means revenues from all taxes and fees, excluding revenue from funds managed by local government on behalf of a specific third party, and does not include the proceeds from borrowing or asset sales.

  • Unadjusted Benchmark Replacement means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

  • Recurring Revenue means, with respect to any period and any Asset, the meaning of “Recurring Revenue”, “Adjusted Recurring Revenue” or any comparable definition in the Investment Documents or if there is no such term in the Investment Documents all recurring subscription, service, support or maintenance revenue for such period for such Asset.

  • future net revenue means a forecast of revenue, estimated using forecast prices and costs or constant prices and costs, arising from the anticipated development and production of resources, net of the associated royalties, operating costs, development costs, and abandonment and reclamation costs;

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • TIF Revenues means incremental ad valorem taxes generated by the Project which are allocated to and paid to the Authority pursuant to the Act.

  • Project Revenue means all net rents, proceeds, revenue and other income derived by the City by virtue of any lease, sale, conveyance or other disposition of any part of the Project, plus all sums received by the City as a result of damage to or destruction or condemnation of the Project, but shall not mean any part of the Tax Revenue.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Sublicense Revenue means any payments or other consideration that CTI actually receives from a Sublicensee as consideration for the grant of a Sublicense, including, without limitation, milestone payments, license fees, license maintenance fees and equity. Sublicense Revenue excludes (i) purchases of equity or debt of TGTX, (ii) payments made for GTX’s performance of any research, Development, or Commercialization of any Licensed Product, (iii) (b) royalties on Net Sales (or, in the case of a profit sharing deal structure, shares of net profits) which are covered in Section 5.9, and (iv) any payment or reimbursement of any costs or expenses incurred by TGTX for filing, prosecution, maintenance, or defense of any DFCI Patents. In the event such consideration received from a Sublicensee is not cash, Sublicense Revenue shall be calculated by TGTX based on the fair market value of such consideration, at the time of the transaction, assuming an arm’s length transaction made in the odinary course of business.

  • Adjusted gross receipts means the gross receipts less winnings paid to wagerers.

  • CAISO Revenues means the net amount resulting from (a) the credits and other payments received by Buyer, as Seller’s Scheduling Coordinator, as a result of test energy from the Project delivered by Seller during the Test Period, including revenues associated with CAISO dispatches and (b) the debits, costs, penalties and interest that are directly assigned by the CAISO to the CAISO Global Resource ID for the Project for, or attributable to, scheduling and deliveries from the Project under this Agreement, which amount may result in a negative or positive value.

  • Annual Revenue means the Company’s or a business unit’s net sales for the Fiscal Year, determined in accordance with generally accepted accounting principles; provided, however, that prior to the Fiscal Year, the Committee shall determine whether any significant item(s) shall be excluded or included from the calculation of Annual Revenue with respect to one or more Participants.

  • System Revenues means all rates, rents, fees, charges,

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Benchmark Replacement Adjustment means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (a) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (b) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities at such time.

  • Net Revenues means the difference between:

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.