Examples of Revenue Amount in a sentence
Once the Amortization Amount has been paid on each Amortization Date, the balance of the Net Revenue Amount relating to the Oil and Gas Properties for the calendar month immediately preceding the applicable Amortization Date shall be available to ICF and/or TNEC.
For purposes of this Agreement, the "Base Revenue Amount" shall mean $1,116,000, the amount of the Company's gross revenues over the nine-month period ended June 30, 1997, annualized to September 30, 1997, based on financial statements prepared by the Company's independent public accountants (the "Company Accountants") in accordance with generally accepted accounting principles ("GAAP") applied consistently with the practices of the Company (the "Gross Revenue Bonus").
In each fiscal year during the Employment Period, commencing with Fiscal 1997, in which the Company's Gross Revenues equal or exceed the Base Revenue Amount, the Company hereby agrees to issue to Executive 8,333 Incentive Shares, subject to adjustment as provided in Section 4.3 hereof, for each $100,000 increment of such excess; provided, however, that the aggregate number of Incentive Shares to be issued pursuant to this Section 4.1(a) shall not exceed 400,000 Shares.
The “Date of Grant” of any option granted pursuant to this Section 3.2 (a), shall be deemed the last business day of the calendar month in which the revenues from a product exceed the Target Revenue Amount.
If Owner does not receive the Base Revenue Amount for any such 12-month period, Charterer agrees to pay Owner any deficiency within 30 days following the applicable anniversary of the Commencement Date.