Minimum Revenue has the meaning set forth in the Letter Agreement.
Minimum Revenue means, with respect to each product of Borrower, the gross invoiced amount on sales of, and distribution income, stocking orders, transfer payments and other consideration received, directly or indirectly, by Borrower and its Subsidiaries in respect of any such product in any applicable territory from any Account Debtor after deduction of: (i) normal and customary trade, quantity or prompt settlement discounts (including chargebacks, shelf stock adjustments and allowances) with respect to customers actually allowed; (ii) amounts repaid or credited by reason of rejection, returns or recalls of goods, rebates or bona fide price reductions; (iii) rebates and similar payments actually made with respect to sales paid for by Federal or state Medicaid, Medicare or similar programs in the territory; and (iv) excise taxes, customs duties, customs levies and import fees imposed on the sale, importation, use or distribution of such product (to the extent included in the gross invoiced amount), in each case as calculated (x) in a manner consistent with the Borrower’s customary practice for its products and (y) consistent with GAAP.
Minimum Revenue means the amounts specified on Exhibit "C".
Examples of Minimum Revenue in a sentence
The amount charged to the revenue budget for the repayment of debt is known as Minimum Revenue Provision (MRP), although there has been no statutory minimum since 2008.
The Council is required to make an annual revenue charge, called the Minimum Revenue Provision (MRP), to reduce the CFR.
Guidance on Minimum Revenue Provision has been issued by the Secretary of State and local authorities are required to “have regard” to such Guidance under section 21(1A) of the Local Government Act 2003.
The borrowing element of the table increases the underlying indebtedness of the Council by way of the Capital Financing Requirement (CFR), although this will be reduced in part by revenue charges for the repayment of debt (the Minimum Revenue Provision).
The Council is required to make an annual revenue charge, called the Minimum Revenue Provision – MRP, to reduce the CFR.
More Definitions of Minimum Revenue
Minimum Revenue. AXP agrees to pay the following revenue guarantees against Net ----------------- Transaction Fees from the Small Business, Corporate, International and Middle Market Sites on an annual basis during the Initial Term as follows: Year 1 $ 750,000 Year 2 $1,500,000 Year 3 $2,500,000 "Sixteen Quarterly Payments" ---------------------------- In addition AXP shall pay fixed fees to GT in sixteen quarterly payments, in the following order, beginning on the Effective Date: Fees for Integration and Development for Hosting Corporate Sites $270,000 Quarter 1 324,000 Quarter 2 [*]=CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. Fees for Ongoing Maintenance and Support for Consumer and Small Business Sites (commencing during the first quarter after the Release Date) 389,000 Quarter 3 467,000 Quarter 4 560,000 Quarter 5 672,000 Quarter 6 806,000 Quarter 7 967,000 Quarter 8 1,113,000 Quarter 9 1,279,000 Quarter 10 1,471,000 Quarter 11 1,692,000 Quarter 12 1,692,000 Quarter 13 1,777,000 Quarter 14 1,866,000 Quarter 15 1,866,000 Quarter 16 If the number of unique registered users delivered by GT to AXP, in addition to those described in Section 14.3, coming from xxx.xxx and xxx.xxx do not exceed 897,400 -("Targeted Registered User Number") within 36 months from the Effective Date, and AXP believes that the registered users coming from xxx.xxx and xxx.xxx by the end of the proceeding 12 months will in aggregate not exceed Targeted Registered User Number, then GT will reimburse AXP at fifteen dollars ($15) per registered user for any shortage of Targeted Register User Number. If GT is unable or unwilling to so reimburse AXP, then AXP may choose to deduct the payment from the remaining Sixteen Quarterly Payments. If AXP changes the process, location or level of information for obtaining a registered user which would negatively impact GT's ability to achieve the Targeted Registered User Number, then GT may at its sole discretion change to a targeted visitor model. The targeted visitor model will look at the previous three months visitor to registered user ratio ("Visitor Ratio"). Going forward, registered users will equal the number of visitors divided by the Visitor Ratio. GT has the right to generate visitors to xxx.xxx, xxx.xxx and AXP's consumer travel site home page through traditional customer acquisition methods such as advertising and direct mail a...
Minimum Revenue means revenue received by Borrower and Included Subsidiaries on a consolidated basis from Revenue Licenses.
Minimum Revenue means the amount of Net Revenue of the business consisting of the UPI Mobile Assets, Obligations, and Rights accrued in the same six (6) month period of 2019 preceding the month in which the Closing occurs, calculated in accordance with the monthly revenue of UPI Mobile Assets as presented in Exhibit 3.7. For the avoidance of doubt, if the Closing occurs on October 31, 2021, the Minimum Revenue should correspond to the aggregate amount of Net Revenue earned during April, May, June, July, August, and September of 2019.
Minimum Revenue means, with respect to any period, the minimum revenue for such period as set forth on Schedule 3.
Minimum Revenue shall be determined in accordance with GAAP.
Minimum Revenue shall have the meaning set forth in the Fee Letter.
Minimum Revenue. Borrower shall maintain, as of the end of each fiscal quarter, beginning with the fiscal quarter ending March 31, 2018, consolidated revenue equal to no less than 80% of the Plan for such period. As used herein, “revenue” shall have the meaning ascribed thereto in accordance with GAAP. As used herein, the “Plan” shall refer to the annual operating plan and budget approved by the Borrower’s board of directors, and shared with Lender on January 26, 2018 Eastern Standard Time (Excel Document AOP18), or pursuant to Section 6(f) below. Any subsequent changes to the Plan after it has been delivered to Lender will not affect or alter the financial covenant unless agreed to in writing by Lender. Without limiting the foregoing, in the event that Borrower’s Cash Plus Availability equals less than $15,000,000 at any time, the Minimum Revenue covenant set forth above may be replaced, at Lender’s option, with a covenant based upon Borrower’s EBITDA, as follows: (i) Lender shall send written notice to Borrower of Lender’s intention to so replace the Minimum Revenue covenant, (ii) Lender and Borrower shall then attempt to agree in writing on the minimum amounts of Borrower’s EBITDA to be maintained for each reporting period, and (iii) if for any reason Borrower and Lender are not able to agree in writing on the same, within 30 days of the date of the written notice referenced in subparagraph (i) hereof, then such minimum amounts of Borrower’s EBITDA for each such reporting period shall be determined by Lender in its Good Faith Business Judgment.