Relevant Turnover means annual turnover attributable to the provision of Publicly Available Telephone Services after the deduction of sales rebates, value added tax and other taxes directly related to turnover;
Relevant Turnover means annual turnover attributable to the provision (including any wholesale provision) of Publicly Available Telephone Services and/or Publicly Available Internet Access Services after the deduction of sales rebates, value added tax and other taxes directly related to turnover;
Relevant Turnover means the gross receipts in money or money’s worth of the licensee or any person in respect of whom an exemption determination has been made under section 17 attributable to:
Examples of Relevant Turnover in a sentence
Licensees who make a Qualifying Investment in any consecutive Year will then be eligible for a reduction in the Comms Licence Fee by the lower of that Investment or 1.5 percent of the Relevant Turnover.
For example, if a Licensee failed to make a Qualifying Investment in a given Year but makes a Qualifying Investment in the next Year, then a successful application by this Licensee in the following Year would result in reduction in its Comms Licence Fee equal to the lower of the Investment or 0.75 percent of the Relevant Turnover in the following Year.
As such, Licensees that make a Qualifying Investment in the first Year will be eligible for a reduction in their Comms Licence Fee of the lower of that Investment or 0.75 percent of the Relevant Turnover in the following Year.
More Definitions of Relevant Turnover
Relevant Turnover has the meaning given in Schedule 4.2 XX 0000: the Securities Xxx 0000 as administered by the United States Securities and Exchange Commission. Sale Shares: the 10,000 Ordinary shares of GBP1 each in the Company, all of which have been issued and are fully paid. Sellers’ Solicitors: Xxxxxxx Xxxxx & Xxxxxx LLP of Montague House, Xxxxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxxxxxxxxxx, XX00 0XX. Subsidiary: in relation to a company wherever incorporated (a holding company) means a “subsidiary” as defined in section 1159 of the Companies Xxx 0000 and any other company which is a subsidiary (as so defined) of a company which is itself a subsidiary of such holding company. Unless the context requires otherwise, the application of the definition of Subsidiary to any company at any time will apply to the company as it is at that time. Transaction: the transaction contemplated by this agreement or any part of that transaction. Warranties: the representations and warranties in clause 6.
Relevant Turnover in relation to any 12 month period ending on 30 June, the aggregate turnover of the Company and its Subsidiaries (if any) as shown in the audited management accounts of the Company and its Subsidiaries for that period.
Relevant Turnover means, for the purposes of calculating applicable fees under this Act, the portion of a licence holder’s total turnover minus payments to other COL holders, as specified by the Authority;
Relevant Turnover means, in relation to an applicable undertaking, the gross revenue, excluding value added tax, paid or payable, of the applicable under- taking in respect of the provision of postal services within the scope of universal postal service in its relevant financial year;
Relevant Turnover means the portion of an ICOL holder’s total turnover (i.e., the revenue that the ICOL holder receives from the provision of electronic communications services to end-users and other COLs in Bermuda) minus payments that the ICOL holder makes to other holders of communications operating licences for wholesale electronic communications services used to provide those services.
Relevant Turnover means such gross revenues as each holder of a licence may have generated from activities under that licence in the previous financial year;
Relevant Turnover means annual turnover attributable to the provision (including any wholesale provision) of Voice Communications Services and/or Internet Access Services after the deduction of sales rebates, value added tax and other taxes directly related to turnover;