Benchmark Revenue definition

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;

Benchmark Revenue means the amount set forth in the “Value” column on Line “C” of Appendix O.

Examples of Benchmark Revenue in a sentence

Total Offering or Aggregate Loan Amount: $1,070,000 Target Return on Investment: (Benchmark Revenue) x 2.5% x (Subscriber’s Note/$1,070,000 or the total amount at closing of the total offering, whichever is greater) up to 2.5X the amount of the Subscriber’s Note, as further defined in the Note and Subscription Agreement.
BENCHMARK TABLE Benchmark Revenues Number of Benchmark Shares $1,200,000 40000 $1,300,000 40000 $1,400,000 40000 $1,500,000 40000 $1,600,000 40000 The number of Benchmark Shares issued pursuant to this Section 7.1 shall be cumulative; provided, however, that the Company must meet or exceed a Benchmark Revenue before any portion of the Benchmark Shares associated with such Benchmark Revenue may be released.
Ensure the trial batch mixture is also in compliance with the Hamburg Wheel requirement in Table 10.
Regardless of whether Benchmark Revenue or Benchmark Income is attained, the percentage of the Escrow Shares released from escrow on the Release Date to which each individual Seller is entitled is set forth on Schedule 1.1(a)(ii).
In addition, in the event one or more of the APA’s is not earned as a result of a failure to meet Benchmark Revenue and/or Gross Profit Margins as set forth above, and Benchmark Revenue in the amount of $30,000,000 and a Gross Profit Margin of 15% or more is achieved for the fiscal year ending December 31, 2008, then, and in that event, Buyer shall pay to Sellers any APA’s not previously earned.
The Parties will enter into supplemental agreements in connection with the allocation of the total Benchmark Revenue to each year of the Initial Term.

More Definitions of Benchmark Revenue

Benchmark Revenue means the estimated revenue from petroleum operations expected by the Government for the corresponding financial year.

Benchmark Revenue has the meaning given to it in Clause 9.1.

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.