Recurring Revenue. Recurring revenue represents renewal revenue up to the value of the BOTS plus increase over and above the BOTS.
Recurring Revenue. Within thirty (30) days after the last day of each month, a recurring revenue report in form reasonably satisfactory to Bank (provided, however, that after the Qualified IPO, this section shall be of no further force or effect);
Recurring Revenue. (a) For any Eligible Customer Account in any RR calculation, all statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing such Eligible Customer Accounts are and shall be true and correct in all material respects and all such invoices, instruments and other documents, and all of the Borrower’s books and records are genuine and in all material respects what they purport to be.
Recurring Revenue. Maintain Recurring Revenue for Borrower’s fiscal quarter ending (i) December 31, 2010 of at least $28,500,000.00, (ii) March 31, 2011 of at least $37,938,000, (iii) June 30, 2011 of at least $42,381,000, (iv) September 30, 2011 of at least $45,662,000.00, and (v) December 31, 2011 of at least $48,463,000.00. In addition, commencing with Borrower’s fiscal quarter ending on March 31, 2012, and for each fiscal quarter thereafter, Borrower shall maintain at all times, to be tested as of the last day of each fiscal quarter, minimum Recurring Revenue of greater than or equal to the greater of: (i) ninety (90%) of the Recurring Revenue projected for each fiscal quarter pursuant to Borrower’s Board of Directors’ approved projections, which projections shall be acceptable to Bank in its reasonable discretion, and (ii) the minimum Recurring Revenue required for the previous fiscal quarter.
Recurring Revenue. Indicative revenue costs are shown in table FC03 with further detail attached (Appendix FC03). They include an assumed £750,000 investment in community care staff across all three change options. Table FC03 – Indicative recurring revenue costs Costs in £millions Option 1 Option 2 Option 3 Option 3a Pay Costs Secondary Care Staff Community Care Staff £12.8m £10.9m £12.6m £11.6m £12.6m £11.6m £12.6m £11.6m Non Pay Costs Direct Clinical/Care Costs Non Direct Clinical/Care Costs £12.0m £1.0m £12.0m £1.0m £12.0m £1.0m £12.0m £1.0m Building Occupancy / Running Costs £0.9m £1.1m £1.2m £1.1m Income Contribution / Costs (£0.4m) (£0.6m) (£0.6m) (£0.6m) Total Recurring Costs £37.2m22 £37.7m £37.8m £37.7m Depreciation Costs £0.6m £2.2m £2.3m £2.2m To provide the above indicative costs at this Initial Agreement stage, the following assumptions have been made: • An optimum bias of 26.9% has been applied to each option. This has been calculated in accordance with Scottish Capital Investment Manual guidance; • Land purchases are included where relevant but any proceeds from disposals are assumed to be returned to Scottish Government in line with guidance rather than being offset against capital requirements; • Demolitions costs have been included where appropriate; • External advisors’ costs (included within capital cost figures) are based on estimates from similar recent projects undertaken in NHS Highland; • Discounted cash flow (used to calculate NPV figures) use a discount rate of 3.5% to 30 years adjusting to 3% thereafter in line with guidance; • Capital cost options are based on the accommodation schedules, feasibility sketches and assumptions outlined in the site option appraisal using Building Cost Information Service (BCIS) Tender Price Indices from 2025, as detailed in Appendices EC10 to EC14; and • Revenue and capital costs for Option 1 are in line with current activity and bed numbers.
Recurring Revenue. Permit the RR Growth Rate for any period of 12 months set forth below to be less than RR Growth Rate set forth opposite such period. Trailing Twelve Month Period Ended Minimum RR Growth Rate April 30, 2019 40 % July 31, 2019 40 % October 31, 2019 40 % January 31, 2020 35 % April 30, 2020 35 % July 31, 2020 35 % October 31, 2020 35 % January 31, 2021 30 % April 30, 2021 30 % July 31, 2021 30 % October 31, 2021 30 % January 31, 2022 30 %
Recurring Revenue. A. Subscription (platform) revenue of the Borrower from Eligible Customer Accounts received from the execution of monthly, quarterly, and annual customer contracts in the ordinary course of the Borrower’s business, in each case determined in accordance with GAAP and specifically excluding revenue or accounts received based on (a) sales of inventory, goods, or equipment, (b) transaction revenue not received in the ordinary course of business, (c) sales of services not in the ordinary course of business, (d) revenue received due to one-time, non-recurring transactions, installation and/or set-up fees, (e) add-on purchases by the Borrower’s existing clients not resulting in a continuing stream of revenue and (f) such other exclusions as the Administrative Agent shall determine, in its reasonable discretion, for the twelve month period ending as of the Statement Date: $
Recurring Revenue. Maintain Recurring Revenue for Borrower’s fiscal quarter ending December 31, 2010 of at least $28,500,000,00. In addition, commencing with Borrower’s fiscal quarter ending on March 31, 2011, and for each fiscal quarter thereafter, Borrower shall maintain at all times, to be tested as of the last day of each fiscal quarter, minimum Recurring Revenue of greater than or equal to the greater of: (i) ninety (90%) of the Recurring Revenue projected for each fiscal quarter pursuant to Borrower’s Board of Directors’ approved projections, which projections shall be acceptable to Bank in its reasonable discretion, and (ii) the minimum Recurring Revenue required for the previous fiscal quarter.
Recurring Revenue. During a Covenant Testing Period, permit the RR Growth Rate for any trailing 4 fiscal quarter period ending on the last day of each fiscal quarter of the Borrower to be less than 205%.
Recurring Revenue a. (i) The Recurring Revenues for the most recent 12-month period for which Agent received (i) Borrowing Base Certificate and (ii) monthly financial statements $ ________ (ii) Multiple 0.30
