Examples of Qualifying Revenue in a sentence
Sections 311 through 319 carefully describe the requirements of and mechanism for review.
If, at the end of the second quarter of this Agreement, Qualifying Revenue is in excess of the quarterly Minimum Guaranteed Revenue ($[****]) then TNSI shall pay such excess to GFOL in cash (except to the extent that such excess is related to Qualifying Revenue defined in Subsections 7.1.3(b) and (c)) together with the first Monthly Prepayment of the third quarter's Minimum Guaranteed Revenue.
Notwithstanding any other provision of this Agreement, Buyer retains the right, in its sole discretion, to refuse to enter into any agreement, understanding or arrangement that might or would lead to Qualifying Revenue if it determines in its good faith business judgment that it is not in Buyer’s interest to do so.
Net cost of related party reinsurance is excluded.Non-QI adm inistrative expense rate: Non-QI Administrative Expenses divided by Qualifying Revenue.
Within sixty (60) Business Days after the end of Year One, Buyer shall deliver to Seller a statement of the Qualifying Revenue (the “Preliminary Statement”).