Material Customer Contract definition
Material Customer Contract means any contract or other arrangement to which Company, any of its Subsidiaries, or any Managed Company is a party with any Payor Counterparty to the extent that the Related System Contract Revenue from such Payor Counterparty and its Affiliates exceeds fifteen percent (15%) of Consolidated Recurring Revenue measured as of the last day of the most recently ended six consecutive fiscal month period for which financial statements have been delivered, including all amendments, exhibits, addenda, appendices, provider manuals, and policies and procedures that are incorporated by reference into such contracts.
Material Customer Contract means any contract, agreement or arrangement entered into by any Group Company, which is in force and effect as of the date hereof, with, or for providing services for the benefit of, any of the top three customers of the Group Companies ranked based on the aggregate revenue contribution associated with such customer as disclosed in the Company’s annual reports on Form 20-F for the fiscal year ended December 31, 2020 or as contemplated to be disclosed in such annual report for the fiscal year ended December 31, 2021.
Material Customer Contract means any Master Services Agreement or other agreement of any Loan Party with any customer that, together with all other such agreements with such customer and its Affiliates, involves aggregate consideration payable (or projected to be payable) to such Loan Party during any fiscal year in excess of 7.5% of the Loan Parties’ aggregate gross revenue for such period.
Examples of Material Customer Contract in a sentence
Promptly after execution thereof, the Asset Entities shall deliver electronically to the Servicer executed copies of each Material Customer Contract entered into after the Initial Closing Date.
More Definitions of Material Customer Contract
Material Customer Contract shall have the meaning set forth in Section 3.21(a)(ii).
Material Customer Contract means a Contract with a customer for one or more Pivotal Products (whether such Contract is between Pivotal or one of its Subsidiaries and a customer or is an EMC-Pivotal Customer Contract) pursuant to which Pivotal and its Subsidiaries receives revenue in excess of $5,000,000 (or, with respect to Current Government Contracts, $3,000,000) in any fiscal year and the period of performance of which has not yet expired or terminated or for which final payment has not yet been received, excluding any Table of Contents purchase orders or statements of work that do not contain material terms that have not been superseded by the Contract to which such purchase order or statement relates;
Material Customer Contract means each Customer Contract, or series of related Customer Contracts, by any Customer of space, power and/or services at one or more of the Data Centers which (x)(a) provides for monthly recurring fees or other monthly payments in an amount equal to or greater than $500,000, and (b) may not be cancelled by the applicable Customer on 30 days’ notice without payment of a termination fee, penalty or other cancellation fee, or (y) obligates any of the Asset Entities to make any improvements to the Data Centers either directly or through cash allowances (including, without limitation, free rent, customer improvement allowances, or landlord’s construction work) to the applicable Customer in excess of $1,000,000.
Material Customer Contract means any Master Services Agreement or other agreement of any Loan Party with any customer that, together with all other such agreements with such customer and its Affiliates, involves aggregate consideration payable (or projected to be payable) to such Loan Party during any fiscal year in excess of 15% of the Loan Parties’ aggregate gross revenue for such period.
Material Customer Contract means any Customer Contract which provides for fees and other payments in an aggregate amount equal to or greater than $2,500,000 per annum.
Material Customer Contract means the agreements regulating the relationship between the relevant members of the Target Group and the Key Customers, descriptions of which are set out in Parts A and B of Schedule 16 to this Agreement.
Material Customer Contract means each contact specified in part 1 of Schedule 9.