Earnout B Revenue definition

Earnout B Revenue means, for an Applicable Period, the sum of, without duplication, (A) the revenue for such Applicable Period in respect of commercial recovery audit services provided by PRGX Parent or its subsidiaries to BSI Prospects, (B) the revenue for such Applicable Period in respect of PRGX Analytics/Advisory Services provided by PRGX Parent or its subsidiaries to BSI New Service Clients, and (C) the revenue for such Applicable Period in respect of commercial recovery audit services provided by PRGX Parent or its subsidiaries to PRGX Clients where the aggregate time and effort (based on hours worked) of BSI Legacy Employees involved in the performance of such services during such Applicable Period represents a majority of the aggregate time and effort of all employees, independent contractors and/or subcontractors of PRGX Parent or its subsidiaries (including BSI Legacy Employees) involved in the performance of such services. With respect to the foregoing clause (C), for the avoidance of doubt, the assignment of BSI Legacy Employees to engagements for PRGX Clients shall be made in the sole and absolute discretion of PRGX Parent; provided, however, that the PRGX Parties shall not assign or fail to assign any BSI Legacy Employees to any engagements with the intent to reduce, eliminate or avoid making Earnout Payments under this Agreement. For purposes of clause (A) of this definition of “Earnout B Revenue,” revenue shall be determined in accordance with the Accounting Principles. For purposes of clauses (B) and (C) of this definition of “Earnout B Revenue,” revenue shall be determined in accordance with GAAP in effect as of the Closing Date, and to the extent not in conflict with GAAP in effect as of the Closing Date, consistent with the accounting policies used in the preparation of PRGX Parent’s financial statements included in the PRGX SEC Reports.
Sample 1

Related to Earnout B Revenue

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

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Earnout has the meaning set forth in Section 2.9(a).

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).

  • New M&O Revenue means, with respect to any school year, the total State and local Maintenance and Operations Revenue that the District received, after all adjustments have been made to such Maintenance and Operations Revenue in accordance with the provisions of the Applicable School Finance Law for such school year.

  • Earnout Payments has the meaning specified in Section 2.7.

  • Adjusted Revenue means revenue less Digital Platform Fulfilment Revenue.

  • Earnout Amount has the meaning set forth in Section 2.7(a).

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.

  • 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.

  • Estimated revenue means the amount of revenue estimated to be received from all sources during the budget year in each fund for which a budget is being prepared.

  • 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;

  • Gross Revenue means:

  • Consolidated Revenue means for any period the total revenues of the Company and its Subsidiaries, determined in accordance with GAAP.

  • net non-operating income means the difference between:

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Net Revenues means the difference between:

  • LTM Fee Revenue has the meaning set forth in Section 7.2.2(c).

  • Earn-Out Amount has the meaning set forth in Section 2.07(a).

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • EBITDA means earnings before interest, taxes, depreciation and amortization.

  • Tax Revenues means the Personal Income Taxes and such other revenues, including Alternative Revenues (but excluding Building Aid), as the Authority may derive directly from the State from taxes imposed by the City or the State and collected by the State.

  • Gross Profits means the gross profits calculated under section 4;

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.