Revenue Margin definition
Examples of Revenue Margin in a sentence
Within ninety (90) days after the end of each calendar quarter, the Management Company will reconcile the amounts retained by the Management Company as draws under subsection (c) above with the actual Net Clinic Revenues attributable to the gross production for such quarter, and shall determine the actual Revenue Margin.
Operational Expenses for such month shall then be subtracted from such estimated Net Clinic Revenues for such month, resulting in an estimated Revenue Margin, as defined herein.
In the event that the draws paid under subsection (c) above are in excess of sixty percent (60%) of the actual Revenue Margin for such quarter, the Management Company shall remit to the P.C. the overdraft.
In the event that the amounts retained by the Management Company as draws under subsection (c) above are less than sixty percent (60%) of the actual Revenue Margin for such quarter, the Partnership shall pay to the Management Company the shortfall.
In the event that the amounts retained by the Management Company as draws under subsection (c) above are less than sixty percent (60%) of the actual Revenue Margin for such quarter, the P.C. shall pay to the Management Company the shortfall.
The Management Company shall remit to the Partnership forty percent (40%) of such estimated Revenue Margin by the fifteenth (15th) day of the following month and shall retain any remaining amounts as a draw on its Management Fee.
As compensation for services rendered under this Agreement, the Partnership shall pay to the Management Company sixty percent (60%) of the Revenue Margin, as defined herein, per calendar year (the "Management Fee").
The Management Company shall remit to the P.C. forty percent (40%) of such estimated Revenue Margin by the fifteenth (15th) day of the following month and shall retain any remaining amounts as a draw on its Management Fee.
In the event that the Management Cap is reached in any year of this Agreement, the Management Company shall remit to the Partnership any remaining Revenue Margin.
In the event that the draws paid under subsection (c) above are in excess of sixty percent (60%) of the actual Revenue Margin for such quarter, the Management Company shall remit to the Partnership the overdraft.