Annual Contract Value definition

Annual Contract Value or “ACV” means the net subscription fee for one (1) year as defined in the Order Form for a specific Customer.

Annual Contract Value means an amount equal to the product of the Annual Quantity and the Purchase Price (as each is specified in Table 1 of the REC Contract).” The following is added as Section 1.3.2:

Annual Contract Value means the maximum monetary amount that can be paid to Seller for eligible RECs Delivered in a Delivery Year and shall be equal to one- fifteenth (1/15) of the Maximum Contract Value.” The definition of “Bankrupt” in Section 1.7 is amended by replacing “30 days” in clause (ii) with “60 days.” The following is added as Section 1.7.1:

Examples of Annual Contract Value in a sentence

• The contractor shall deposit a sum of 5% of accepted Annual Contract Value as Security Deposit (SD) with the Bank for due fulfilment and performance of the contract.

• In the case of the occurrence of Events of Default as mentioned in Clause 9.5a ,9.5 b WBMDTCL shall take reasoned decision to seek Liquidated Damages calculated at 1% of the Annual Contract Value for per week delay subject to a maximum of 10% of the Annual Contract Value of Reserve.

• In the case of the occurrence of Events of Default as mentioned in Clause 9.5a ,9.5 b WBMDTCL shall seek Liquidated Damages calculated at 1% of the Annual Contract Value for per week delay subject to a maximum of 10% of the Annual Contract Value of Reserve.

• Where a reasonable estimate of the expected impact of a change can be made in advance, the parties should make a provisional neutralising adjustment, at the start of the Contract Year, to the Expected Annual Contract Value.

• Security Deposit equal to 10% of the Annual Contract Value (refundable without interest after two months of termination of contract) in the form of Pay Order / Demand Draft or Bank Guarantee shall be furnished by the ‘Tenderer’ at the time of signing of the Agreement.

More Definitions of Annual Contract Value

Annual Contract Value means the amount payable by the Board for the Services in any given Contract Year as such amount is adjusted in accordance with the provisions of this Agreement, and which is for the first Contract Year the pro-rated amount stated in Schedule 2 the amount stated in Schedule 2 such sum being the annualised amount which would have been payable had the Agreement commenced on 1st April and been in force for the full Contract Year;

Annual Contract Value of a Contract means all Revenue (except One-time Service Revenue), divided by the term (in years or partial years).

Annual Contract Value means the figure set out in Section 2.2.1 (Summary of Activity, Finance and Payment) as the expected annual contract value of the Services for the Commissioner;

Annual Contract Value means as to any Performance Period, the contribution to annual revenue from the contracts signed by the Company or business unit once they are fully implemented.

Annual Contract Value means expected annual revenue from all closed and signed customer contracts (including such annual revenue from Limeade GmbH), as measured once billing commences. “Annual Contract Value” shall be exclusive of cancelled or not renewed contracts.

Annual Contract Value means the aggregate dollar value of the Service(s) set out in the applicable Service Schedule that the Customer has committed to for each year of the Initial Term and any renewal term.

Annual Contract Value means the aggregate of the last twelve months’ Contract revenue.