Net Revenue definition
Examples of Net Revenue in a sentence
Prior to the Net Revenue Conversion Date, the Installment Payments shall be secured by a first pledge of and lien on all of the Gross Revenues.
In the event the amount of Gross Revenues in any Fiscal Year following the Net Revenue Conversion Date fails to meet the Coverage Test, amounts due and owing hereunder shall nevertheless remain secured by a pledge of the Net Revenues.
From and after the Net Revenue Conversion Date, the Installment Payments shall be secured by a first pledge of and lien on all of the Net Revenues.
As provided in Section 3.10(a), prior to the Net Revenue Conversion Date the Gross Revenues shall be applied to make payments of Installment Payments and any Parity Obligations in any Fiscal Year prior to the payment of Maintenance and Operation Costs coming due in such Fiscal Year.
VIT covenants to require all of its Subsidiaries (including but not limited to HRCP) to distribute ultimately to VIT, on a monthly basis on or before each VIT Payment Date, all Net Revenue for the immediately preceding Measurement Period.