Software Revenues definition
Software Revenues means, as the case may be, and without duplication of clause 1(c) below, for the applicable year of the Approved Contract, the monthly user fee set forth in the applicable Approved Contract multiplied by the minimum number of monthly users set forth in such Approved Contract multiplied by 12 months, or if there is no minimum monthly user fee, then the minimum annual fee (for the applicable year of such Approved Contract) attributable to the licensing of Cornerstone OnDemand Software Modules.
Software Revenues greater than $1,011,000 each year (12 month period) will earn an incentive of 30% of the excess in revenue for each 12 month period for the next three years from the Effective Date, up to a maximum payment of $1,200,000 in aggregate.
Software Revenues means gross receipts received by, credited to, or otherwise recognized by the Lectra Group, in accordance with United States generally accepted accounting practices, consistently applied, from whatever source, whether now known or hereafter devised, resulting from sales, licenses, sublicenses and other transfers to third parties of the 3D Visual Merchant product, less only (i) credits, refunds and discounts actually offered and made by the Lectra Group member concerned in the ordinary course of business, and (ii) any sales, use or excise taxes and shipping charges actually included in those revenues; provided, however, that "Software Revenues" shall not include revenues in respect of general business third-party software, hardware, software services, hardware services, consulting, training and rental services related to or provided in connection with the 3D Visual Merchant Product. In the event the 3D Visual Merchant product is bundled with other products and sold for a single price, the portion of such price allocated to the 3D Visual Merchant product shall be determined by multiplying the total price by a fraction, the numerator of which is Buyer's then current price for the 3D Visual Merchant product in the country in which the bundled product is sold, and the denominator of which is the sum of Buyer's then current price for each of the products included in the bundled product in the country in which the bundled product is sold.
Examples of Software Revenues in a sentence
Aggregate Software Revenues for the Quarter Period Ending , 20 : $ .
As of the Closing Date, Schedule 5.15 accurately sets forth the aggregate amount of license revenues, Recurring Software Revenues, and revenues from consulting services for the fiscal year 2008 for the software that comprises the Required Library.
More Definitions of Software Revenues
Software Revenues means monies collected and earned from Customers for Software for which they have contracted to license the use of the Software, excluding “Maintenance Revenues” per Canadian GAAP.