Turnover definition
Examples of Turnover in a sentence
As a consequence, if no Turnover Objection Notice is served within such term, then the Target Turnover shall be deemed to have been definitively achieved, and the Investor shall proceed with the subscription and full payment of the Second Tranche of the Capital Increase within the following 10 (ten) Business Days.
If the clarifications and/or additional documentation requested under Paragraph 6.2(c) are not provided within the required timeframe, the Turnover Objection Notice shall be deemed duly submitted.
It remains understood that, for the purpose of this Paragraph 6.3 and the following Paragraphs 6.4 and 6.5, the scope of the mandate given by the Parties to the Independent Auditor shall exclusively consist in quantifying the Turnover generated by the Company in the Turnover Period (to be determined by applying the definition of “Turnover” provided by this Agreement), for the purpose to ascertain whether such Turnover is at least equal to the Target Turnover.