Monthly Recurring Revenue means with respect to any measurement period GAAP revenue recognized during such period from Contracts.
Monthly Recurring Revenue means, for any month as at any date of determination, the sum of the aggregate value of Recurring Revenue for such month taken as a single accounting period under GAAP, minus Recurring Revenue of Borrower that was lost during the month ended as of such date of determination.
Monthly Recurring Revenue means, with respect to any measurement period, Borrowers’ monthly software as a service revenue and maintenance and support revenue recognized in accordance with GAAP during such period from Contracts.
Examples of Monthly Recurring Revenue in a sentence
Upon QTS’ receipt of the first payment for Monthly Recurring Revenue by the customer, QTS will pay you a one- time referral payment equal to two percent (2%) of the Monthly Recurring Revenue over the initial term of the Customer Contract.
More Definitions of Monthly Recurring Revenue
Monthly Recurring Revenue means, for any period as at any date of determination, the sum of the aggregate value of all (a) billed Accounts of Borrower for such period taken as a single accounting period under GAAP, plus (b) monthly services performed by the Borrower on all service contracts for billed Accounts, as reported by Borrower in its Monthly Financial Statements delivered to the Bank pursuant to Section 6.2(c), minus (c) Closed Accounts, minus (d) one-time credits applied to any of Borrower’s Accounts.
Monthly Recurring Revenue means, with respect to any month, (i) all recurring subscription revenue attributable to software sold or licensed by Borrower and all recurring revenue relating to services delivered by Borrower (including revenue under software maintenance and service contracts regardless of whether services are required to be actually delivered) and (ii) 50% of all revenue attributable to Borrower’s “Sxxxx” product lines.
Monthly Recurring Revenue. Monthly Recurring Revenue” means, with respect to any month, (i) all recurring subscription revenue attributable to software sold or licensed by Borrower and all recurring revenue relating to services delivered by Borrower (including revenue under software maintenance and service contracts regardless of whether services are required to be actually delivered), (ii) all revenue attributable to Borrower’s “Arcade” and “Xxxxx” product lines, and (iii) 50% of all revenues attributable to the sale or leasing of hardware to an account debtor in connection with the revenues described in clauses (i) or (ii) of this definition, in each case which have been earned during such period and calculated on a basis consistent with the financial statements delivered to Bank prior to the Closing Date.
Monthly Recurring Revenue means, for any applicable period, the gross revenue received by Borrower during such period on a recurring basis (and not extraordinary gains or other payments outside the ordinary course of business), including subscription and usage revenue.
Monthly Recurring Revenue means, for any applicable period, the gross revenue received by Borrower during such period on a recurring basis (and not extraordinary gains or other payments outside the ordinary course of business), including subscription and usage revenue, as such revenue terms are defined in accordance with GAAP.
Monthly Recurring Revenue means, for each calendar month, such month’s Gross Billed Revenue expressed on an accrual basis instead of a cash basis. This is done by apportioning the Gross Billed Revenue over the length of the subscription. Monthly Recurring Revenue shall be calculated in accordance with the standard reporting practice, meaning what a professional reporting platform such as ChartMogul would do.2 DEFERRED CONSIDERATION SHARES 2.1 Annual Payments (a) Any Deferred Consideration Entitlement payable under clause 1 will be satisfied by the issue of such number of Shares calculated in accordance with the following formula: Where: Shares = means the number of Shares rounded up to the nearest whole number. DCE = means the relevant amount of the Deferred Consideration Entitlement expressed in US$ that is payable in accordance with clause 1 on either the First Payment Date or Second Payment Date (as applicable). WR = the dollar amount of any successful warranty and indemnity claims in accordance with the Unit Purchase Agreement that have not already been settled. Share Price = the 30 Trading Day VWAP of Shares immediately prior to the relevant Payment Date (converted into US$), subject to a maximum share price of US$0.429 and a minimum share price of US$0.305. 2.2 Acceleration Event (a) Following the occurrence of an Acceleration Event, the relevant Founder will be issued such number of Shares calculated in accordance with the following: Where: Shares = means the number of Shares rounded up to the nearest whole number. Unpaid Amount = the unpaid Deferred Consideration Entitlement expressed in US$. Share Price = the 30 Trading Day VWAP of Shares immediately prior to the Acceleration Event (converted into US$), subject to a maximum share price of US$0.429 and a minimum share price of US$0.305. Each of the following will constitute an Acceleration Event: (a) if the relevant Founder is employed by Qustodio, a Change of Control of the Company. Change of Control means:
Monthly Recurring Revenue for any calendar month, Recurring Revenue recognized in such calendar month.