NRR definition
Examples of NRR in a sentence
GTT shall invoice Client via electronic delivery, and Client shall pay in advance on a monthly basis for all Services, the charges at the monthly recurring rate (“MRRs”) set forth in the SOF, any unpaid NRR charge, and all applicable excise, sales, use, VAT, customs and import taxes or other taxes, fees, surcharges, and/or recovery charges, however designated, imposed upon or authorized as a result of GTT’s sale of the Services (collectively, “Taxes”).
GTT may invoice Client for a NRR charge(s) for Services prior to the Start of Service Date.
GTT shall invoice Client via electronic delivery, and Client shall pay in advance on a monthly basis for all Services, the MRR charge(s) set forth in the SOF, any unpaid NRR charge(s), and all applicable excise, sales, use, VAT, customs and import taxes or other taxes, fees, surcharges, and/or recovery charges, however designated, imposed upon or authorized as a result of GTT’s sale of the Services (collectively, “Taxes”).
The Actual NRR for a period less than a year will be calculated in a consistent manner.
Within 30 days after the close of each quarter, the Contractor may submit to the City invoices based on the accounting of the quarterly activity, including a comparison of Net Revenues Retained (NRR) and Retained Revenues Estimate (RRE) as defined in Exhibit B, Fees and Payment – and an invoice for the payment, if applicable.