Common use of Recurring Subscription Revenue Clause in Contracts

Recurring Subscription Revenue. Measured quarterly on a trailing three (3) month basis, revenue derived from Subscription Contracts (excluding revenue derived from the sale of Services) of at least the following amounts as set forth in the table below for the corresponding measuring periods; Measuring Period Ending Minimum Recurring Subscription Revenue September 30, 2015 $ 27,971,000 December 31, 2015 $ 30,046,000 March 31, 2016 $ 40,000,000 June 30, 2016 $ 45,000,000 September 30, 2016 $ 50,000,000 December 31, 2016 $ 55,000,000 March 31, 2017 and each quarter thereafter $ 60,000,000”

Recurring Subscription Revenue. Measured quarterly on a trailing three (3) month basis, revenue derived from Subscription Contracts (excluding revenue derived from the sale of Services) of at least the following amounts as set forth in the table below for the corresponding measuring periods; Measuring Period Ending Minimum Recurring Subscription Revenue December 31, 2014 $ 23,068,000 March 31, 2015 $ 24,243,000 June 30, 2015 $ 26,039,000 September 30, 2015 $ 27,971,000 December 31, 2015 $ 30,046,000 March 31, 2016 $ 40,000,000 June 30, 2016 $ 45,000,000 September 30, 2016 $ 50,000,000 December 31, 2016 $ 55,000,000 March 31, 2017 and each quarter thereafter $ 60,000,00031,000,000 .”

Recurring Subscription Revenue. Measured quarterly on a trailing three (3) month basis, revenue derived from Subscription Contracts (excluding revenue derived from the sale of Services) of at least the following amounts as set forth in the table below for the corresponding measuring periods; Measuring Period Ending Minimum Recurring Subscription Revenue December 31, 2014 $ 23,068,000 March 31, 2015 $ 24,243,000 June 30, 2015 $ 26,039,000 September 30, 2015 $ 27,971,000 December 31, 2015 $ 30,046,000 March 31, 2016 $ 40,000,000 June 30, 2016 $ 45,000,000 September 30, 2016 $ 50,000,000 December 31, 2016 $ 55,000,000 March 31, 2017 and each quarter thereafter $ 60,000,00031,000,000 ”