Revenue Payment Clause Examples
The Revenue Payment clause defines the terms under which one party is obligated to pay a portion of its revenue to another party. Typically, this clause specifies the percentage or amount of revenue to be paid, the calculation method, and the payment schedule, such as monthly or quarterly remittances. By clearly outlining these payment obligations, the clause ensures both parties understand how and when revenue sharing will occur, thereby reducing disputes and providing financial predictability.
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Revenue Payment. For purposes of this Agreement, "Revenue Payment" means an amount in cash equal to the product of (a) (i) the number of customers of the Business on the Closing Date determined by reference to the Revenue Statement multiplied by (ii) the average annual revenue per customer of the Business for the System, exclusive of Revenues from the sale or leasing of equipment by Comp-Est, determined by reference to the Revenue Statement and (b) 1.66. The Revenue Payment under this Agreement shall equal the amount of the Revenue Payment calculated under the Option and Acquisition Agreement.
Revenue Payment. (1) If the quotient of (A) the Actual Revenue for the Second Calculation Period divided by (B) the Annual Revenue Target is less than 0.90, then no payment is due; or
(2) If the quotient of (A) the Actual Revenue for the Second Calculation Period divided by (B) the Annual Revenue Target is equal to or greater than 0.90, then the payment will be calculated as follows: (w) (i) the Actual Revenue for the Second Calculation Period divided by the Annual Revenue Target, minus (ii) 0.90, multiplied by (x) 10, multiplied by (y) $375,000 plus (z) $125,000; provided, that the foregoing payment shall be capped at $500,000 (i.e. if the Actual Revenue for the Second Calculation Period is equal to or greater than the Annual Revenue Target, the payment amount shall be $500,000).
Revenue Payment. (1) If the quotient of (A) the Actual Revenue for the First Calculation Period divided by (B) the LTM Revenue Target is equal to or less than 0.900, then no payment is due; or
(2) If the quotient of (A) the Actual Revenue for the First Calculation Period divided by (B) the LTM Revenue Target is greater than 0.900, but not greater than 1.000, then the payment will be calculated as follows: (x) (i) the Actual Revenue for the First Calculation Period divided by the LTM Revenue Target, minus (ii) 0.900, multiplied by (y) 10, multiplied by (z) $562,500; or
(3) If the quotient of (A) the Actual Revenue for the First Calculation Period divided by (B) the LTM Revenue Target is greater than 1.000, then the payment will be calculated as follows: (x) $562,500 plus (y) $2,312,500 multiplied by a fraction, (i) the numerator of which is the Actual Revenue for the First Calculation Period minus the LTM Revenue Target and (ii) the denominator of which is the 2014 Projected Revenue Target minus the LTM Revenue Target; provided, that the foregoing payment shall be capped at $2,875,000 (i.e. if the Actual Revenue for the First Calculation Period is equal to or greater than the 2014 Projected Revenue Target, the payment amount shall be $2,875,000).
Revenue Payment. If, and only if, there is (i) a Year One Revenue Shortfall (and Actual Revenue for the First Calculation Period is at least 95% of the Annual Revenue Target) and (ii) a Year Two Revenue Overachievement, then an additional payment in respect of the First Calculation Period will be paid to the Stockholders following the Second Calculation Period. Such payment will be calculated as follows: (x) the quotient of (A) the Year Two Revenue Overachievement divided by (B) the Year One Revenue Shortfall (but in no event greater than 1.0), multiplied by (y) (A) $500,000 minus (B) any payment previously made pursuant Section 1.04(a)(i) above. The sum of the foregoing payment and any payments made pursuant to Section 1.04(a)(i) and Section 1.04(b)(i) above shall in no event be more than $1,000,000 in the aggregate.
Revenue Payment. Provider shall remit to Partner five percent (5%) of the Net Revenues (“Net Revenues”) generated by the Equipment (“Revenue Payment”). Upon Provider’s return on investment, Partner sharing increases to twenty-five percent (25%).
Revenue Payment. Provider shall remit to Client forty percent (40%) of the Net Revenues generated by the Equipment (“Revenue Payment”).
Revenue Payment. 3.1 During the Term, Partner will be paid the percentage of Adjusted Gross Revenue indicated on the Partner Enrollment Form. Outbrain shall make such payments within a certain number of days (as indicated on the Partner Enrollment Form) after the end of any calendar month during which Outbrain collects Revenue. For the avoidance of doubt, Revenue is net of, inter alia, fees for third-party data services integrated into Outbrain’s platform, invalid clicks/impressions, and advertiser and agency discounts/rebates.
3.2 Partner must promptly provide Outbrain completed and accurate tax forms and all other similar materials Outbrain requires, which may include tax form W-8BEN, W-8BEN-E or W-9 if applicable (collectively all such forms and materials, “Tax Materials”). Notwithstanding anything set forth to the contrary in this Agreement, Outbrain may (a) withhold payments owed to Partner hereunder without penalty or late fee until Outbrain has received Partner’s Tax Materials, and (b) deduct any applicable withholding taxes payable by Outbrain from payments owed to Partner by Outbrain hereunder as required by law. Once Outbrain has received the Tax Materials, Outbrain will use commercially reasonable efforts to pay any amounts not paid to Partner pursuant to the foregoing subsection (a) as soon as reasonably practicable. All payments to Partner shall be subject to withholding for income taxes and similar deductions, as required by applicable law.
3.3 To ensure proper payment, Partner is responsible for notifying Outbrain of accurate contact and payment information. Partner is also responsible for any charges assessed by Partner’s bank or payment provider. If the amount owed to Partner is less than US$50, then the amount owed will be accrued if and until the calendar month in which the balance of the payments due to Partner exceeds US$50. Any dispute regarding a payment from Outbrain must be submitted to Outbrain in writing within thirty (30) days of postage or wire transfer date of such payment or it shall be deemed waived.
3.4 Outbrain may withhold, set off, charge or credit back payments to Partner, if Outbrain, in its sole reasonable discretion, determines that any activity related to them is fraudulent or invalid in nature or if Outbrain was charged, credited back or not paid for any reason by the advertiser. Invalid activity is determined by Outbrain in all cases and may include, but is not limited to, (i) invalid clicks on or impressions of Advertiser Recs ge...
Revenue Payment. 4.1 The Revenue Payment payable to the Company shall be calculated as 50% of the Net Sales Revenue. No revenue share shall apply to any data charges or time based charges for browsing in the FON area.
Revenue Payment. The Purchaser shall pay to the Company an amount equal to one percent (1%) of Commissionable Sales (as hereinafter defined) of the Purchaser for the one-year period commencing on the date of Closing and ending on the first anniversary thereof (the "REVENUE PAYMENT"). "COMMISSIONABLE SALES" means the total sales which the Purchaser uses to calculate commissions to its distributors.
Revenue Payment. Licensee shall remit to Licensor twenty percent (20%) of the Net Revenues generated by the Equipment (“Revenue Payment”) on a quarterly basis. Licensee shall remit payment by no later than thirty (30) days after the date of Licensor’s invoice. Invoices not timely paid may be subject to a basic penalty of ten percent (10%) of the amount invoiced plus an additional penalty of one and one-half percent (1.5%) per month of the outstanding balance for non-payment of the charge and basic penalty.