MRR Retention Rate definition
MRR Retention Rate means, as of the date of determination, the ratio, expressed as a percentage, of (x) the average monthly Recurring Revenue for the three (3) months ending on such date for all Eligible Recurring Revenue Contracts, to (y) the average monthly Recurring Revenue for the twelve (12) months ending on such date for all Contracts.
MRR Retention Rate means, as of the last day of a month, the ratio, expressed as a percentage, of (x) three (3) times the Eligible MRR for such month to (y) the Eligible MRR for the prior three (3) months.
MRR Retention Rate means, as of the date of determination, one hundred percent (100%) minus the Churn Rate.
Examples of MRR Retention Rate in a sentence
Borrowers shall maintain an MRR Retention Rate of at least ninety percent (90%), measured quarterly.
Borrowers shall maintain a minimum MRR Retention Rate of at least ninety percent (90%), measured on a monthly basis.
The Loan Parties shall maintain a MRR Retention Rate of at least ninety percent (90%), measured quarterly.
More Definitions of MRR Retention Rate
MRR Retention Rate means as of the last day of each month, the ratio, expressed as a percentage, of (a) (i) Monthly Recurring Revenue for the three (3) months ending on such date (the “Measurement Period”) minus (ii) Monthly Recurring Revenue for the Measurement Period derived from customers to Contracts that do not constitute an Eligible Recurring Revenue Contract to (b) Monthly Recurring Revenue for the Measurement Period for all Contracts; provided however that at no time shall the MRR Retention Rate be greater than one hundred percent (100%).
MRR Retention Rate means as of the last day of a month, the ratio, expressed as a percentage, of (a) Monthly Recurring Revenue from Eligible Recurring Revenue Contracts for the trailing three (3) month period ending on such date (such three month period, the “Measurement Date”), to (y) Borrower’s Monthly Recurring Revenue from all Contracts for the Measurement Date; provided, that, Bank has the right to decrease the MRR Retention Rate, in its good faith business judgment following each audit of the Collateral or as Bank deems reasonably necessary to mitigate the impact of events, conditions, contingencies, or risks which may adversely affect the Collateral or its value.