Earnout Revenue definition

Earnout Revenue means, for an Applicable Period, the sum of, without duplication,

Earnout Revenue gross revenue, determined in accordance with GAAP, attributable to the post-Closing Business as a standalone entity in accordance with the Operating Plan, but excluding revenue from sales of Assets not contemplated by the Operating Plan, except as otherwise approved by Buyer.

Earnout Revenue means all Included Revenue booked by Buyer during the Earnout Period.

Examples of Earnout Revenue in a sentence

• The Subordinated Note – Earn-out for any given calendar year during the Subordinated Note – Earn-out Period shall be equal to 50% of any positive difference calculated by subtracting the Base Revenue ($16,000,000) for such calendar year from the Subordinated Note – Earn-out Revenue (defined below) for such calendar year.

• If Subordinated Note – Earn-out Revenue for any calendar year of the Subordinated Note – Earn-out Period is less than or equal to $16,000,000, no Subordinated Note – Earn-out shall be payable for such calendar year.

• The Subordinated Note – Earn-out Revenue for any calendar year during the Subordinated Note – Earn-out Period shall be the gross revenue generated by the centres related to the Tampa Acquisition during such calendar year.

• The Subordinated Note – Earn-out Revenue for any calendar year during the Subordinated Note – Earn- out Period shall be the gross revenue generated by the centres related to the Tampa Acquisition during such calendar year.

• Management estimated the fair value of Subordinated Note – Earn-out as at May 11, 2018 of $160,790 based on a discount rate of 8.75% and management’s estimated probability-weighted range of Subordinated Note – Earn-out Revenue during the Subordinated Note – Earn-out Period (it is considered a Level 3 liability as described in note 14).

More Definitions of Earnout Revenue

Earnout Revenue. As defined in Section 3.2(a).

Earnout Revenue means the amount equal to the greater of (a) the aggregate End User Revenue booked, during the period from January 1, 1999 to and including the Earnout Date, by any Person making sales to which End User Revenue is attributable, and (b) Company Revenue booked, during the same period, by the Company; provided, however, that the Earnout Revenue for the period from April 1, 2000 to and including the Earnout Date shall be adjusted for the effect of any abnormal activities by the Company, the Members or their respective Affiliates that reasonably appear to be intended to manipulate the timing of revenue.

Earnout Revenue means the revenue of Elite earned during the Earnout Period from the provision of medical services at the Centers, including any medical records or other operating income generated during the Earnout Period, as demonstrated by the working papers supporting the Measurement Financial Statements, all as calculated in accordance with the past practices of the Parent as reported in accordance with laws applicable to the Parent.

Earnout Revenue means either the 2015 Earnout Revenue or the 2016 Earnout Revenue, as the case may be.

Earnout Revenue means, for an applicable period, an amount equal to (A) the interest income of the Company during such period, less (B) the Adjusted Provision for Loss Expense for such period, plus (C) the Non-Interest Income of the Company during period, less (D) Adjusted G&A Expense, all determined in accordance with the policies, practices and methodologies applied in the preparation of the historical financial information set forth on Exhibit A attached hereto.

Earnout Revenue means all revenue recognized by the Buyer or any of its Affiliates in respect of the Company Products during the Earnout Period, determined in accordance with the methodology set forth on Exhibit C; provided that, for any revenue recognized by Buyer or any of its Affiliates with respect to any Company Product bundled or sold in connection with any products or services of Buyer that are not Company Products, the revenue recognized shall be deemed equal to the prevailing rates for such Company Product assuming it was sold on a standalone basis.

Earnout Revenue means the sum of (A) the total revenue attributable to the sale or license of Target Products during the 11th full calendar month following the month in which the Effective Time occurs plus (B) an amount equal to one-twelfth of the total revenue (exclusive of revenue included in part (A) above) attributable to the sale or license of Target Products on a one-time or installment basis pursuant to contracts that are executed during the twelve (12) month period following the Effective Time plus (C) an amount equal to one-twelfth of the total revenue (exclusive of revenue included in part (A) or part (B) above and net of any third party fees) attributable to Target’s provision of professional services or customizations pertaining to any of the Target Products. To the extent any Target Products are sold or licensed in a manner that constitutes any combination of (A), (B) and (C) above, the revenue generated from such sales or licenses shall be allocated to the most applicable revenue generation category based on the terms of the underlying contract. In the event Target Products are bundled with sales or licenses of Acquiror products, the Earnout Revenue for such sales or licenses shall be determined by multiplying (x) the average per unit revenue generated by the underlying Target Product as of the time of the applicable sale or license by (y) the number of units sold or licensed.