SaaS Transaction definition

SaaS Transaction means a transaction whereby an Eligible Lead agrees to pay Hexagon a recurring subscription fee to access an Hexagon software product offered on a Software as a Service basis (a “SaaS Product”), as designated by Hexagon.
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SaaS Transaction means a transaction whereby an ▇▇▇▇▇▇▇▇ Lead agrees to pay Infor a recurring subscription fee to access an Infor software product offered on a software-as-a-service basis (a “SaaS Product”), as designated by Infor.
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Examples of SaaS Transaction in a sentence

  • Additionally, only SaaS Transaction subscription fees that are contractually committed under the Order are eligible for payment hereunder (i.e., fees from subsequent orders, changes in scope or amendments are excluded).

  • If Referring Company meets the eligibility requirements specified herein and an Eligible Lead referred by Referring Company enters into an Order for a SaaS Transaction, the referral fee payable to Referring Company is 15% of the ACV received by Infor under the first year of such Order.

  • For avoidance of doubt, no referral fee will be payable for any fees other than SaaS Transaction subscription fees that Infor has collected and recognized in accordance with Infor’s then-current revenue recognition policies.

  • Any referral fee payable hereunder in connection with an Order for a SaaS Transaction will be paid after Infor’s receipt of the first year of such Order.