Performance Evaluation Period definition
Examples of Performance Evaluation Period in a sentence
For purposes of this Section 3.4, “Net Profit” and “Net Loss” refer to line items as reflected in the Company’s audited and consolidated financial statements of the relevant Performance Evaluation Period prepared in accordance with GAAP or CAS, or unaudited consolidated financial statements prepared in accordance with GAAP or CAS and reviewed by an auditor jointly appointed by the Purchaser and the Company, as applicable.
In the event that the Audited Operating Cash Inflows of the Company during any of the Performance Evaluation Period are less than RMB 12,000,000, the Make-Good Obligors shall be required to compensate for the shortfall in cash payable to the Company within fifteen (15) business days upon the issuance of the Performance Certificate pursuant to Section 3.4(d).