QRR definition

QRR is defined as the gross monthly recurring revenue of the Written Alarm Accounts, as such term is defined herein, under valid Contracts, as such term is defined in Section 5.16, and of the Oral Alarm Accounts, as such term is also defined herein, under any valid contracts the Company has in effect for the Oral Alarm Accounts (the "Other Contracts") for the leasing, monitoring and servicing of alarm systems which are in full force and effect as of the Closing Date, do not contain restrictions or limitations against assignment to Buyer and which have receivable balances which are current or no more than ninety (90) days past due. QRR is reduced by: (i) the total monthly charge paid to third party response agencies for patrol or alarm response; and (ii) a deduction for leased alarm accounts if ownership of the alarm system passes to the Subscriber at the end of the lease. QRR does not include any amounts derived from or which are expected to be derived from: (a) services to be provided under any Contract or Other Contract which by its terms is terminable and has been terminated by a Subscriber as a result of the consummation of the transaction contemplated hereby; (b) services to be provided under any Contract or Other Contract as to which verbal or written notice of cancellation, termination or non-renewal has been received prior to the Closing; (c) time and materials charges or any other like charges for non-recurring, non-regular services;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

QRR means the estimated monthly recurring revenue for an Approved Acquisition that closes five (5) Business days prior to, on, or after the last day of the Measurement Period.

QRR means the Office of Refugee Resettlement.

Examples of QRR in a sentence

• The QRR as of the Closing Date shall have equaled at least Ninety Thousand Dollars ($90,000).

• Additionally, you are permitting DPP to post the results of your Qualistar Quality Rating Report (QRR), CLASS™ rating, DPP classroom rating and your preschool program’s demographic information on the DPP website.

• Under the new allocation methodology, PJM will replace retired units or units whose ICAP is less than their historical capacity with QRRs. A QRR will be a unit, or combination of units, whose ICAP value can meet the historically allocated MW quantity that was allocated based on the retired resource.

• Within sixty (60) days after the end of the Guaranty Period, Buyer shall determine the Net Lost QRR by subtracting the QRR of Replacement Accounts from all Lost QRR.

• As of the Adjustment Date hereunder there is aggregate QRR of $100 (the "Deducted QRR") related to this Acquisition Contract which pursuant to Section 1.6(a) hereof is to be deducted from the Estimated QRR in calculating the Closing QRR.

• For purposes of calculating the number of shares of Pro One Stock which from which the QRR Guaranty Payment will be deducted, each share of Pro One Stock will be valued at the Closing Value, rather than the current market value or trading price at the end of the Guaranty Period.

• The Supplier shall ensure that the range of Reception Packs are reviewed on a quarterly basis and shall make any recommendations for rationalisation or alternative products to the Authority at the QRR or as justified due to an increase in RRP or Government duty.

• In the event the Closing QRR, Sequence's Third Party Indebtedness and the Unearned Income set forth on the schedule is more or less than the QRR, Sequence's Third Party Indebtedness and the Unearned Income used to calculate the Exchange Price at Closing, and in such event, the Exchange Price, the Closing Exchange Payment and the Deferred Exchange Payment shall be adjusted upward or downward accordingly.

• Invoices will be sent to the Authority for processing and payment; each Additional User shall maintain its own Local Product List in line with the QRR Process; and such further adjustments as the Authority may notify to the Supplier from time to time.

• An amount equal to the QRR of such New Accounts, multiplied by forty-three (43) and then multiplied by ten percent (10%), shall be added to the Deferred Exchange Payment.

More Definitions of QRR

QRR is defined as the gross monthly recurring revenue of the Alarm Accounts under valid Contracts, as such term is defined in Section 5.12, for the leasing, monitoring and servicing of alarm systems which are in full force and effect as of the Closing Date, do not contain restrictions or limitations against assignment to Monitoring, have a minimum initial contract term of one (1) year and which have receivable balances which are current or in arrears no more than sixty (60) days from their due dates. QRR is reduced by: (i) the total monthly charges paid to third-party response agencies for patrol or alarm response; (ii) any costs associated with the provision of supervised monitoring, opening and closing reports or of inspection services or associated with cellular, derived channel or long range radio monitoring facilities; (iii) a deduction for leased Alarm Accounts if ownership of the alarm system passes to the Subscriber at the end of the lease; and (iv) a deduction for any Contract that is not automatically renewable. QRR does not include any amounts derived from or which are expected to be derived from: (a) services to be provided under any Contract which by its terms is terminable and has been terminated by a Subscriber as a result of the consummation of the transaction contemplated hereby; (b) services to be provided under any Contract as to which verbal or written notice of cancellation, termination or non-renewal has been received prior to the Closing; (c) time and materials charges or any other like charges for non-recurring, non-regular services and charges relating to maintenance services, extended warranty or fire inspection services; (d) reimbursement for or prepayment of leased telephone line charges associated with the Alarm Accounts; (e) reimbursement for or prepayment of any false alarm assessments; (f) reimbursement for or prepayment of any taxes, fees, increased monitoring charges or other charges imposed by any governmental authority with respect to the furnishing of alarm services; and (g) charges paid to third party response agencies on all Alarm Accounts. Quarterly, semi-annual and annual bill▇▇▇▇ ▇▇▇ll be divided by three (3), six (6) and twelve (12), respectively, to determine the monthly recurring revenue amount.

QRR. The term "QRR" is defined as the gross monthly recurring revenue of the Written Alarm Accounts, as such term is defined herein, under valid Contracts, as such term is defined in Section 5.16, and of the Oral Alarm Accounts, as such term is also defined herein, under any valid contracts the Company has in effect for the Oral Alarm Accounts (the "Other Contracts") for the leasing, monitoring and servicing of alarm systems which are in full force and effect as of the Closing Date, do not contain restrictions or limitations against assignment to Buyer and which have receivable balances which are current or no more than ninety (90) days past due. QRR is reduced by: (i) the total monthly charge paid to third party response agencies for patrol or alarm response; and (ii) a deduction for leased alarm accounts if ownership of the alarm system passes to the Subscriber at the end of the lease. QRR does not include any amounts derived from or which are expected to be derived from: (a) services to be provided under any Contract or Other Contract which by its terms is terminable and has been terminated by a Subscriber as a result of the consummation of the transaction contemplated hereby; (b) services to be provided under any Contract or Other Contract as to which verbal or written notice of cancellation, termination or non-renewal has been received prior to the Closing; (c) time and materials charges or any other like charges for non-recurring, non-regular services;

QRR is defined as the gross monthly recurring revenue of the Qualified Accounts, as such term is defined herein, under valid Contracts, as such term is defined in Section 5.18, and including the Alarm Accounts without written Contracts listed in Schedule 4.4.3, for the leasing, monitoring and servicing of alarm systems which are in full force and effect as of the Closing Date, do not contain restrictions or limitations against assignment to Buyer and which have receivable balances which are current or no more than one hundred twenty (120) days past due; provided however, that certain regular slow paying Alarm Accounts with receivables balances which are more than one hundred twenty (120) days past due shall be acceptable to Buyer for inclusion in QRR and shall be identified in Schedule 4.4.4 (the "Slow Pay Accounts"). QRR does not include any amounts derived from or which are expected to be derived from: (a) services to be provided under any Contract or oral agreement which by its terms is terminable and has been terminated by a Subscriber as a result of the consummation of the transaction contemplated hereby; (b) services to be provided under any Contract or oral agreement as to which verbal or written notice of cancellation, termination or non-renewal has been received prior to the Closing; (c) time and materials charges or any other like charges for non-recurring, non-regular services;