Target Gross Margin definition
Examples of Target Gross Margin in a sentence
Unless the Shareholder Representative gives notice of its disagreement (a “Dispute Notice”) with Acquiror’s calculations of such Target Revenues, Target Gross Margin, Target Operating Income and Target Gross Profit and the resulting Aggregate Earn-Out Consideration or Earn-Out Payment, as applicable, detailing the amount, nature and detailed basis of such dispute within 20 days after the delivery of the Acquiror Report, Acquiror’s calculations shall be final, conclusive and binding for all purposes.
From the Closing Date and during the Performance Period, Buyer will use its reasonable best efforts, together with the efforts of the continuing Company personnel who are engaged in the lubricants sales program, to achieve the Target Gross Margin.
In the event that the Accelerated Second Earnout Gross Margin is greater than the Target Gross Margin (the “Accelerated Second Earnout Payment”), the Stockholders’ Agent shall have the right, exercisable in her sole discretion, to accelerate payment of the Second Earnout Payment by delivering to Parent, within ten (10) business days following receipt by the Stockholders’ Agent from Parent of the Accelerated Second Earnout Statement, of written notice of her election to so accelerate such payment.