ACV Bookings definition
ACV Bookings means the total contract value in United States Dollars at the foreign
ACV Bookings means the annual contract value of new incremental bookings based on the estimated subscription revenue and other revenue for a customer contract executed in a given fiscal quarter, actual growth in the account beyond the original booking, and any contractually committed future growth, in each case measured in a manner consistent with the methodology used by Borrower in its public filings as of the Closing Date or as otherwise agreed in writing by Agent.
Examples of ACV Bookings in a sentence
Part 2.25 of the Disclosure Schedule also sets forth an accurate and complete list of each customer of any Acquired Company which generated in the aggregate more than $150,000 in ACV Bookings for the Acquired Companies from January 1, 2016 through December 31, 2016 (the “Major Customers”), together with the amount of such ACV Bookings generated by each Major Customer during such period.
ACV Bookings are recorded in accordance with the Acquired Companies’ bookings policy in the Acquired Companies’ system of recordation.
In addition, the Company has Made Available each representative ordering documents and/or the underlying Company Government Contract as of the date hereof which has resulted in ACV Bookings during 2016 in excess of $150,000.