Net New ARR definition

Net New ARR means the calendar year- to-date aggregate of new Net ARR, excluding any renewing subscribers, as well as (i) the annual recurring revenue value of any newly contracted Subscriber under any applicable agreement for the purchase of any new connector(s) not already included in a Qualified Contract, and (ii) the Net ARR of any Subscriber contracted by iCIMS due to Partner Advocacy not already included in an otherwise Qualified Contract.

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Examples of Net New ARR in a sentence

• Partner must maintain its Tier Status to continue to receive the associated benefits with that tier by referring Qualified Opportunities that convert into Qualified Contracts that contribute the necessary Net New ARR before the end of each calendar year.

• At the end of each calendar year, Partner’s Tier Status will be increased or decreased depending on the Net New ARR Threshold the Partner achieves and, Partner's Tier Status will be adjusted to the appropriate tier based on the Net New ARR contributed in the prior calendar year.

• At the end of each calendar year, Partner’s Tier Status will be increased or decreased if Partner does not achieve the Net New ARR threshold, Partner's Tier Status will be adjusted to the appropriate tier based on the Net New ARR contributed in the prior calendar year.

• Notwithstanding anything to the contrary in this Agreement, calculations of Net New ARR are subject to Roots Softwares’ final determination and sole discretion.