Quality Booking definition
Quality Booking means a transaction with a Person identified in the Schedule of Potential Bookings (as defined below) in which all of the following conditions are satisfied in the reasonable judgment of the Chief Executive Officer of Acquirer: (a) all elements of the transaction shall be made pursuant to one or more written agreements signed by all parties thereto and delivered to Acquirer between the Agreement Date and 7:00 p.m. (Pacific Time) on the Hold Back Release Date; (b) the transaction shall be entered into only between Acquirer (or Surviving Corporation) and any of the Persons identified in the Schedule of Potential Bookings; (c) no fee set forth in the transaction shall be discounted more than (i) 40% off of Company's list pricing therefor as set forth in Company's pricing models in effect as of July 1, 2002, with respect to license fees, (ii) 35% off of Company's list pricing therefor as set forth in Company's pricing models in effect as of July 1, 2002, with respect to fees for company ASP services, (iii) 10% off of Company's list pricing therefor as set forth in Company's pricing models in effect as of July 1, 2002, with respect to fees for professional services, and (iv) 10% off of Company's list pricing therefor as set forth in Company's pricing models in effect as of July 1, 2002, with respect to other fees; (d) the transaction is negotiated by or on behalf of Acquirer (or Surviving Corporation) only by such individuals as approved in advance and in writing by the Chief Executive Officer of Acquirer; and (e) all other terms of the transaction must be reasonably acceptable to the Chief Executive Officer of Acquirer.
Examples of Quality Booking in a sentence
In the event of a disagreement regarding whether a contract qualifies as a Quality Booking (as defined below), the Chief Executive Officer of Acquirer and ▇▇.