Gross Revenue Target definition

Gross Revenue Target has the meaning set forth in the Earn-Out Agreement A.
Sample 1
Gross Revenue Target means, during the Calculation Period, the Company shall have recognized Gross Revenue of Ten Million Dollars ($10,000,000).
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Gross Revenue Target means the Company’s gross revenues are at least either (i) Sixteen Million Five Hundred Thousand Dollars ($16,500,000) for the period beginning on the Closing Date and ending on the day prior to the first anniversary of the Closing Date; or (ii) Thirty Four Million Five Hundred Thousand Dollars ($34,500,000) for the period beginning on the Closing Date and ending on the day prior to the second anniversary of the Closing Date.
Sample 1

Examples of Gross Revenue Target in a sentence

  • The Gross Revenue Target is attained based on annual or quarterly determinations, as described below.

  • Achieve Date (1) Gross Revenue Target Shares Eligible to Vest for Art Massolo Number Percent (2) Commencement $ -0- 1,000,000 1.0% 1.

  • OR · $1,000,000 will be paid to the Shareholders in accordance with the Merger Consideration Certificate promptly after 2008 financial results are initially determined by Parent’s independent auditors (but in no event later than 90 days after the end of fiscal year 2008), provided the Surviving Corporation generates cumulative Gross Revenue of at least $22,000,000 in 2007 and 2008 (the “2008 Gross Revenue Target” and together with the 2007 Gross Revenue Target, the “Gross Revenue Targets”).

  • In the event Executive does not produce his Total Gross Revenue Target in any calendar year, the Board, at its sole discretion, shall determine the Incentive Bonus, if any.

  • In the event Executive exceeds his Total Gross Revenue Target, the Executive will receive an additional bonus (a bonus in excess of the 50% target bonus) equal to 10% of the amount in excess of the Total Gross Revenue Target.

  • In calendar year 2002 the Executive the Total Gross Revenue Target is $2.5 million.

  • To receive the Incentive Bonus target of 50%, the Executive must produce, as a performance measure, total gross revenue for Scottish Solutions, LLC designated by the Board (the "Total Gross Revenue Target").


More Definitions of Gross Revenue Target

Gross Revenue Target means the sum of (i) $20,000,000 minus (ii) the Gross Revenue for the two months ended February 28, 2010 minus (iii) the amount of deferred revenue as of February 28, 2010.
Sample 1
Gross Revenue Target means the gross revenue target for a specific calendar year prepared as set forth herein, which shall be, for calendar year ending December 31, 2007, as set forth in clause (i) above,
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Related to Gross Revenue Target

  • Gross Revenue means:

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

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • 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.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Gross Revenues means all amounts actually collected as rents or other charges for the use and occupancy of the Properties, but shall exclude interest and other investment income of Owner and proceeds received by Owner for a sale, exchange, condemnation, eminent domain taking, casualty or other disposition of assets of Owner.

  • 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.

  • Net Revenues means the difference between:

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

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • Property EBITDA means for any property owned by Ventas, Inc. or any of its Subsidiaries as of the date of determination, for any period of time, the net income (loss) derived from such property for such period, before deductions for (without duplication):

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • M2 Target Amount For any Distribution Date, an amount equal to the lesser of (a) the product of (1) 75.40% and (2) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (1) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (2) the Overcollateralization Floor.

  • M1 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 70.00% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • M5 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 94.50% and (ii) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period and (b) the amount, if any, by which (i) the Aggregate Pool Balance for such Distribution Date determined as of the last day of the related Collection Period exceeds (ii) the Targeted Overcollateralization Amount for such Distribution Date.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • M3 Target Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the product of (i) 85.50% and (ii) the Pool Balance for such Distribution Date and (b) the amount, if any, by which (i) the Pool Balance for such Distribution Date exceeds (ii) 0.50% of the Cut-off Date Balance.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Gross Rooms Revenue means all revenues derived from the sale or rental of Guest Rooms (both transient and permanent) of the Hotel, including revenue derived from the redemption of points or rewards under the loyalty programs in which the Hotel participates, amounts attributable to breakfast (where the guest room rate includes breakfast), Mandatory Guest Fees, late cancellation fees, and guaranteed no- show revenue and credit transactions, whether or not collected, at the actual rates charged, less allowances for any Guest Room rebates and overcharges, and will not include taxes collected directly from patrons or guests. Group booking rebates, if any, paid by you or on your behalf to third-party groups for group stays must be included in, and not deducted from, the calculation of Gross Rooms Revenue.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel: