PGPM definition
Examples of PGPM in a sentence
Requests for new projects and/or relevant to retirement of an application will follow Provider’s established policies and procedures for project intake (PGPM) and prioritization by Provider.
If the actual gross profit margin ("AGPM") on completion of a project exceeds the PGPM 2.5%, but less than 5.0%, then the Company shall pay to Independent Contractor an ROFR Payment equal to two percent (2%) of the original base purchase price of the lots.
If the AGPM on completion of a project exceeds the PGPM by 5%, then the Company shall pay to the Independent Contractor an ROFR Payment equal to three percent (3%) of the original base purchase price of the lots.
AS AN EXAMPLE OF THE PAYMENT STRUCTION, IF THE PGPM OF A PROJECT IS 21.4% AND THE AGPM IS 23%, NO ROFR PAYMENT SHALL BE DUE.
Such Proforma shall specify a projected gross profit margin ("PGPM") reflected in a percentage anticipated for the project.
IF THE PGPM IS 21.4% AND THE AGPM IS 26.8%, THEN INDEPENDENT CONTRACTOR SHALL BE ENTITLED TO AN ROFR PAYMENT OF 3% OF THE ORIGINAL BASE PURCHASE PRICE OF THE LOTS.
IF THE PGPM IS 21.4% AND THE AGPM IS 24% THEN INDEPENDENT CONTRACTOR SHALL BE ENTITLED TO AN ROFR PAYMENT OF 2% OF THE ORIGINAL BASE PURCHASE PRICE OF THE LOTS.