Revenue Liabilities definition

Revenue Liabilities means amounts prepaid to Internet Now by it's Customers for Internet services, such service which have not yet been delivered to said Customers at the time of Closing. These Amounts shall be calculated as follows: The amount paid by the Customer for prepaid service shall be divided by the number of full Customer Months of service remaining for such Customer at the Closing. For purposes of this subsection, a "Customer Month" shall be determined based on a particular Customer's next scheduled rebilling date. A "Customer" is as defined in Section 4 (bb). Thus, if a Customer is scheduled to be re-billed on the 3rd of a given month, the Customer Month, for this example Customer, shall be from the 3rd of a given month to the 2nd of the following month. For example, if on November 3, 1999 a Customer is scheduled to be re-billed $204 for one year's service and the merger Closing Date is November 20, 1998, the prepaid revenue liability for this example Customer shall be $187 (11/12 of $204 = $17, $17 x 11 full Customer Months remaining = $187).
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Examples of Revenue Liabilities in a sentence

  • No later than three Business Days prior to the anticipated Closing Date, the Seller Parties shall deliver to the Attractions Purchaser an updated version of this schedule, which shall provide the Seller Parties’ best estimates of the Deferred Revenue Liabilities as of the Closing Date.

  • The Attractions Purchaser Closing Cash Consideration shall be decreased by the aggregate amount of all Deferred Revenue Liabilities.

  • The Purchase Price Allocation shall be prepared in a manner that is in accordance with the treatment of Deferred Revenue Liabilities set forth in Section 8.3(c)(iv).

  • As at the end of any fiscal quarter of the Borrower through and including the fiscal quarter ended April 30, 1999, permit the ratio of (a) Consolidated Quick Assets to (b) the sum of (i) Consolidated Current Liabilities (excluding any Deferred Revenue Liabilities) plus (ii) the aggregate principal amount of outstanding Revolving Loans to be less than 1.20 to 1.00.

  • However, no adjustment of the Purchase Price shall be made, if the French Revenue Liabilities turns out to be of a higher or lower amount (or not payable at all).

  • For purposes of this subsection, "Deferred Revenue Liabilities" shall mean amounts prepaid to Internet Now by it's Customers for Internet services, such service which have not yet been delivered to said Customers at the time of Closing.

  • The Buyer expects from a commercial perspective to have to satisfy all the Seller’s French Revenue Liabilities to enable the Buyer to continue French Early Access Compassionate Use Program.

  • On this basis, it has been a requirement of the Buyer to take over from the Seller and pay the French Revenue Liabilities directly to the receiver.

  • The French Revenue Liabilities are expected to amount to a maximum of $5,200,000 per Closing.

  • As at the end of any fiscal quarter of the Borrower, permit the ratio of (a) Consolidated Quick Assets to (b) the sum of (i) Consolidated Current Liabilities (excluding any Deferred Revenue Liabilities) plus (ii) the aggregate principal amount of outstanding Revolving Loans to be less than 2.00 to 1.00.