Carryback Amount definition
Examples of Carryback Amount in a sentence
As of the end of each Quarter remaining in the Operation Period, the Operator shall periodically reassess any Carryback Amount that has not yet been recovered as provided below and shall, if necessary, adjust the remaining Carryback Amount accordingly.
If not, then the Operator shall calculate an amount equal to the excess of the Shortfall Amount over the sum of the projected CF(q) amounts for all such remaining Quarters (such excess, the "Carryback Amount").
If the Carryback Amount is not sufficient to allow ▇▇▇▇▇ Division to hit the Contingent Payment Target in the prior year, the Carryback Amount will be paid to Seller; provided, however, the Payback Amount shall be discounted at an 8% annual rate and in no event shall such Carryback Amount payment along with the Contingent Consideration payments in the prior year exceed $1,500,000.
If the prior year's Net Revenue combined with the Carryback Amount exceeds the Contingent Payment Target for such prior year, the Reduction Amount shall be paid back to the Seller (the "Payback Amount"); provided, however, the Payback Amount shall be discounted at an 8% annual rate.
If a Reduction Amount exists with respect to 2005 and Net Revenue for the twelve-month period ending December 31, 2006 exceeds $4,600,000 by an amount sufficient such that the Net Revenue for 2005 plus the applicable Carryback Amount exceeds the Contingent Payment Target for 2005, the Payback Amount shall be paid at the end of 2006 after appropriate discounting in accordance herewith.
Net Revenue which exceeds the Contingent Payment Target in a year immediately following a year in which the Contingent Payment Target was not met is eligible to be carried back for purposes of recalculating the Net Revenue for such prior year (the "Carryback Amount").