A client has entered into a contract for the sale of shares. An amount has been received up front and a further amount is to be received in 12 months time based on revenue. The contract states:
If the Company’s Revenue for the Warranted Revenue Period is or exceeds £640,000, the Deferred Consideration shall be £80,000.
If the Company’s Revenue for the Warranted Revenue Period is less than £640,000, the Deferred Consideration of £80,000 shall be reduced by £1 (one pound) for every £1 (one pound) of that shortfall. Revenue below £560,001 will generate a Deferred Consideration payment of £0.
I am undecided if that makes it ascertainable or unascertainable. I know the maximum and the minimum but have 80,000 permitations inbetween. I appreciate there have already been numerous discussions as to what is and is not ascertainable previously but I am still undecided.
Any help would be appreciated thank you.