Examples of Total Revenue in a sentence
Year Ended December 31, 2022 Year Ended December 31, 2021 (in thousands) Xxxxxx Other Acquisitions Total Xxxxxx Other Acquisitions Total Revenue $ 373,738 $ 151,217 $ 524,955 $ — $ 10,847 $ 10,847 Net Income $ 15,283 $ 8,670 $ 23,953 $ — $ (391) $ (391) Note 4 – Revenue Recognition Under the definition of a contract as defined by ASC 606, the Company considers contracts to be created at the time an order to purchase product and services is agreed upon regardless of whether there is a written contract.
If such audit discloses that the calculation of Net Revenue previously provided to District by Lessee is understated (either intentionally or unintentionally) by a greater margin than one percent (1%) of Lessee’s Total Revenue for the period of review, then Lessee will immediately pay to District the cost of such audit; otherwise the cost of the audit will be paid by District.
Such payments shall be accompanied by a written statement setting forth in detail the sources and amount of Total Revenue received for the preceding month and allowable deductions for the Net Revenue calculation.
Should there be insufficient monthly cash flow to support a Rent payment, Lessee shall submit to District a monthly written statement setting forth in detail the sources and amount of Total Revenue received for the preceding month and allowable deductions for the Net Revenue calculation.
Based on such annual accounting, any amounts in the Capital Replacement Reserve in excess of the reserve amounts required by the Leasehold Mortgagee, by the most recent Study, and by the current Annual Operating Budget shall be included in Total Revenue.