Existing Business definition
Examples of Existing Business in a sentence
For the avoidance of doubt, Lease Payments under the Lease Agreement apply only to the Existing Business and are separate from the Management Fee.
The Management Fee compensates Newco for management of both the Existing Business and any New Business.
Any new business, clients, contracts, or revenue streams developed by Newco after the Closing Date (“New Business”), which are not derived from or directly related to the Existing Business, shall not be subject to this Lease Agreement or included in the calculation of Lease Payments.
The Management Fee shall apply to the management of both the Existing Business and any New Business developed by Newco after the Closing Date.
The purchase price for the Leased Assets shall be calculated as eight (8) times the trailing twelve-month EBITDA of the Existing Business as of the date of exercise of the option, or such other formula as may be set forth in Exhibit C.