Future Revenue definition

Future Revenue means three (3) times the expected monthly revenue from customers for Telecommunications Services who, as of the month-end immediately preceding the Closing, have signed a contract for a minimum term of twelve (12) months, but which were not Subscriber Accounts included in Revenue in the full amount for the three full calendar months immediately preceding the Benchmark Date, less unpaid associated non-recurring provisioning and commissioning expenses; provided that (i) the pricings and gross margin for such customers is consistent with all like Subscriber Accounts, (ii) Buyer is provided the opportunity to verify the expected monthly revenue of such customers to its satisfaction, (iii) such customers have not been disconnected or become more than forty-five days past due from the invoice date as of Closing, and (iv) notwithstanding the foregoing, Future Revenue shall be capped at $600,000.
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Examples of Future Revenue in a sentence

  • Subsequent to 2017, Future Revenue Based Payments will be paid quarterly, 45 days in arrears.

  • Notwithstanding the foregoing or anything to the contrary, Borrower and the Lenders shall execute and deliver to each other an amendment to this Agreement which provides the terms of the Future Revenue Financial Covenant no later than February 28th of each year.

  • No Credit Extensions shall be made by any Lender until Borrower and the Lenders reach an agreement on the Future Revenue Financial Covenant.

  • Through 2017, all Future Revenue Based Payments will be paid within 90 days of the end of the calendar year in which Future Revenue Based Payments are earned.

  • Charges for obtaining Corporate Financial Statements, Audit Reports, Business Consultancies, Project Appraisals, Business Plan, Future Revenue Estimates, Technical and Financial Feasibilities by the national or international Chartered Accountants firm as desire from Banking Institution(s) or International Discount Houses to whom SBLC (MT760) shall be Monetized, Discounted / Re-Financed, Bank Mortgage Finance (RF) and Project Finance approval and disbursement whatsoever.

  • For Pathfinder TG - ▇▇▇▇▇▇▇’▇ esophagus:10% on annual Net Sales of Pathfinder TG - ▇▇▇▇▇▇▇’▇ Esophagus up to $30 million20% on annual Net Sales of Pathfinder TG - ▇▇▇▇▇▇▇’▇ Esophagus over $30 million(Example: $40 million on annual Net Sales of Pathfinder TG - ▇▇▇▇▇▇▇’▇ esophagus pays $5 million Future Revenue Based Payments).

  • In addition, upon Closing, Buyer agrees to use its best efforts to cause the Partnerships to execute and become a party to the Agreement concerning Consideration and Future Revenue Agreement in the forms attached as Exhibits D and E and cause the Partnerships to be bound by the terms thereof to the same extent as Buyer.

  • Buyer and Seller agree that Future Revenue shall be delivered by Seller with the Closing Statement.

  • NSAI Report Estimate of Reserves and Future Revenue to the Allied Energy Corporation Interest in Certain Oil Properties Located in the Oyo Field, Gulf of Guinea, Offshore Nigeria As of May 20, 2008, issued by Netherland, ▇▇▇▇▇▇ & Associates, Inc.

  • Estimate of Reserves and Future Revenue to the Kosmos Energy Interest in Jubilee Field Phase 1 Development Unit Area located in the West Cape Three Points and Deepwater Tano License Areas, offshore Ghana, as of December 31, 2012, dated January 28, 2013 (the “Reserves Report”).