Direct Margin definition

Direct Margin means a percentage calculated by dividing (a) net revenues (NR) minus Distributor Markup (DM) minus COGS by (b) net revenues (NR) minus Distributor Markup (DM). (Direct Margin = (NR – DM - COGS)/(NR – DM)).

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Direct Margin means the amount calculated in the manner described in Section 2.8(a).

Direct Margin is defined as a percent and is calculated as: Revenues (in accordance with U.S. Generally Accepted Accounting Principles [“GAAP”] as determined by Buyer’s CFO) as shown by Buyer’s ▇▇▇▇▇▇ accounting software system, minus all direct expenses for staff salary and travel & entertainment, outside consultant expenses, direct event costs, royalty payments, commissions, draws, direct marketing and other direct expenses, all divided by Revenues.

Examples of Direct Margin in a sentence

• The marking to market of ISA Direct Margin shall be made in accordance with the Collateral Management Service Agreements.

• The delivery of additional securities as ISA Direct Margin or the return of Relevant Pledged Assets shall be operated by CBL pursuant to the Collateral Management Service Agreements, and shall solely be based on instructions given by Eurex Clearing AG to CBL.

• At the same time, the Redelivery Claims of the Interim Participant against Eurex Clearing AG with respect to Direct Margin or Direct Variation Margin shall cease to exist.

• At the same time, the Redelivery Claims of the ICM Client against Eurex Clearing AG with respect to Direct Margin or Direct Variation Margin, shall cease to exist.

• The parties further acknowledge and agree that for purposes of determining Direct Margin, such incremental costs of the employee benefits available to the employees of Surviving Corporation will be treated as costs and expenses directly controllable by Surviving Corporation.

• The actual amount of the annual cash bonus, if any, payable to Executive in respect of any fiscal year during the Term shall be based on the Executive’s achievement of Direct Margin to Annual Operating Plan (as determined by the Board or the Compensation Committee of the Board) and shall be payable quarterly based on such performance criteria.

• As of the Transfer Time, any Direct Margin or Direct Variation Margin constitutes Segregated Margin or Segregated Variation Margin, and corresponding Redelivery Claims between Eurex Clearing AG and the Replacement Clearing Member shall arise, and the Replacement Clearing Member and the ICM Client agree that Credit Support Margin and Credit Support Variation Margin shall have been provided under the terms of their Client Clearing Agreement accordingly.

• If in any CY period ▇▇▇▇▇ fails to achieve a minimum of 95% of Direct Margin Targets, ▇▇▇▇▇ shall receive zero Earn Out for that CY period.

• As of the Transfer Time, any Direct Margin or Direct Variation Margin constitutes Segregated Margin or Segregated Variation Margin, and corresponding Redelivery Claims between Eurex Clearing AG and the Replacement Clearing Member as well as between the Replacement Clearing Member and the ICM Client shall arise.

• Assume ▇▇▇▇▇’▇ ▇▇ Consulting Direct Margin achieved is 54%, the corresponding number in the column under “Adjustment to 50% of the Consideration to be Paid based on MM Consulting Direct Margin achieved” in Table 3 below is 80% (B).

More Definitions of Direct Margin

Direct Margin means Revenue minus Cost To Provider;