ACV Booking definition

ACV Booking means the annual contract value of a Customer Contract to provide Company Products in exchange for cash. For a Company Contract with a term of one year or less, the ACV Booking is equal to the full cash consideration of that Customer Contract. For a term of greater than one year, ACV Booking represents the value of all Company Products, net of discounts, that are made available to the customer pursuant to the Customer Contract in the relevant year. For example, if a customer has a three-year contract beginning in 2015, the ACV Booking in 2016 would be the contractual value ascribed to the second year of the contract term.
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Related to ACV Booking

  • Bookings has the meaning set forth in Section 2.1.16.

  • Booking means the booking You have made with Us for the Tour.

  • Cannabis production establishment means a cannabis cultivation facility, a

  • Adult bookstore or “adult video store” means a commercial establishment that, as one of its principal business purposes, offers for sale or rental for any form of consideration any one or more of the following:

  • POPI means the Protection of Personal Information Act, 4 of 2013;