Earnout Target definition

Earnout Target has the meaning set forth in Section 2.8(c).
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Earnout Target means the milestones as set forth on Schedule 1.3.
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Earnout Target means, for any Initial Earnout Year, the Net Profit set forth opposite such Initial Earnout Year in the table below: Initial Earnout Year (as adjusted pursuant to Section 4) Earnout Target Year ended December 31, 2015 $17,210,000 Year ended December 31, 2016 $25,610,000 Year ended December 31, 2017 $34,090,000 Year ended December 31, 2018 $40,060,000 Total $116,970,000 “Earnout Period” means the period beginning on the Closing Date and ending on December 31, 2018, as extended by the Extended Earnout Years pursuant to Section 4.
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Examples of Earnout Target in a sentence

  • Earnout Shares”) and shall not have any economic or voting rights until the Stock Earnout Target is met.

  • In addition, if actual Revenue recorded during the Earnout Period is equal to or less than seventy-five percent (75%) of the Earnout Target, no Earnout Payment shall be payable.

  • No increase to the Principal Amount by virtue of the First Earn-out Target or Second Earn-out Target, as applicable, being satisfied shall occur until the date that Issuer receives the Noteholder’s unequivocal acceptance of the applicable Earn-out Statement.

  • General Earnout, Target Earnout, and Both Earnout are associated with lower CAR for warrants also when adding control variables.

  • For example, if actual Revenue during the applicable Earnout Period is ninety percent (90%) of the Earnout Target, the Earnout Payment will be decreased proportionally by ten percent (10%).


More Definitions of Earnout Target

Earnout Target means any of the performance targets set forth in Section 1.14.
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Earnout Target means $1,018,300,000, subject to any adjustment required to be made pursuant to Section 2.13(b).
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Earnout Target means the Monthly Earnout Target or the Revenue Earnout Target, as applicable.
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Earnout Target means the number of Qualifying New Contracts set forth on Schedule 1.1(a) under the column “Maximum Earnout Target” with respect to the applicable period.
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Earnout Target means an amount equal to One Hundred Forty Million U.S. Dollars ($140,000,000).
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Earnout Target shall have the meaning set forth in Section 1.5(f).
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Earnout Target means Cumulative Revenue of $86,000,000.
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