Annual Recurring Revenue definition
Annual Recurring Revenue means, as to any month, (a) contractually recurring revenue to be recognized in the next twelve (12) months, inclusive of At-Risk Recurring Revenue, but exclusive of (b) any revenue that is non-recurring, (including, without limitation, one-time installation fees, perpetual license fees, and non-recurring professional services fees).
Annual Recurring Revenue means, as of any date of determination, the sum of annualized contractually obligated revenues due to Borrower and its Subsidiaries from Recurring Revenue Contracts.
Annual Recurring Revenue means for any calendar quarter, the Borrower’s recurring revenue, annualized in the manner set forth on Schedule 1.
Examples of Annual Recurring Revenue in a sentence
Annual Recurring Revenue * $_________ Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.
Upon the occurrence of the Testing Event and at all times thereafter (regardless of the outstanding balance of Advances), achieve as of the last day of each month set forth below (for such periods after the occurrence of the Testing Event), computed with respect to Health Catalyst only, and not on a consolidated basis, minimum Annual Recurring Revenue, determined in accordance with GAAP, in an amount not less than the following:” • Section 6.12(b) (Online Banking).
Performance Goal The performance goal for the Annual Performance Period, as determined by the Board, is Annual Recurring Revenue attributable to the cloud back-up business acquired from CloudAlly, Ltd.
The “Earnout Amount” means an amount equal to: (1) the product of (A) three and one-half (3.5) multiplied by (B) Ending Annual Recurring Revenue, minus (2) the Enterprise Value.
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More Definitions of Annual Recurring Revenue
Annual Recurring Revenue is, as of any date of determination, with respect to each of Borrower’s Specified Price Plans, an amount equal to product of (a) the number of active customers with respect to each such Specified Price Plan, multiplied by (b) ARPU with respect to each such Specified Price Plan.
Annual Recurring Revenue or “ARR” means, for a Sale with a duration of: (A) one (1) year or longer, total Recurring Revenue, divided by the number of days in the Sale, multiplied by three hundred sixty-five (365); (B) shorter than one (1) year, total Recurring Revenue.
Annual Recurring Revenue is, for any date of determination, the sum of (a) for the Borrower’s Enterprise Channel, the total of the annualized recurring fee recognized in accordance with GAAP under each active Contract at the date of determination, plus (b) for the Borrower’s Partner and Marketplace Channel, the annual or monthly recurring fee (annualized) recognized in accordance with GAAP for all active customers as of the day of determination, in each case assuming no changes to the subscription.
Annual Recurring Revenue means gross annual revenue of the Technology Business attributable to customer contracts of greater than one year duration, which is to be calculated in accordance with Exhibit H.
Annual Recurring Revenue means, as of a given time, the annual value of revenue contracted as of such time pursuant to written subscription agreements that are as of such time in effect (i.e., such written subscription agreements have not been terminated) by and between the Buyer and/or the Surviving Entity, on one hand, and the counterparty thereto, on the other hand, that provides for the license by the Buyer and/or Surviving Entity to such counterparty of the Company’s existing software, data or service products as of the date hereof, including the cross-sell component of revenue to the extent derived from upgrades to the Company’s currently existing software, data or service products as of the date hereof that is received from the Buyer’s and its Affiliates’ customers; provided, however, that such written agreements either contain (y) a minimum, non-cancelable one-year term or, (z) a cancelable month-to-month term (the “Short-Term Subscriptions”), but in each case shall exclude, for purposes of clarification, any revenue from one-time implementation and training fees (it being understood that any recurring training fees that are not one-time in nature will be included in Annual Recurring Revenue), custom development work, any “pass through” items or other similar fees or costs (including any Taxes), consulting fees, commissions, reseller fees and any other fees that are one-time in nature; provided, further, that for purposes of the calculating Annual Recurring Revenue, all Short-Term Subscriptions will be annualized as if such Short-Term Subscriptions were entered into for a non-cancelable one-year period and then discounted by the Applicable ARR Discount Percentage. The term “Ending Annual Recurring Revenue” means the value of the Annual Recurring Revenue calculated as of 11:59 p.m. Eastern Time on the date that is eighteen (18) months following the Closing Date (the “Measurement Time”) and that, for all invoices issued prior to the end of the Measurement Time, is either (i) collected by the Buyer (or any Affiliate thereof, including the Surviving Entity after the Closing) before the First Earnout Payment Date, or (ii) relates to a customer that is a business (rather than a consumer) and that is subject to a binding Contract with the Company, the Surviving Entity and/or the Buyer to pay the invoiced amounts. For illustrative purposes only, Exhibit 2.14(a) sets forth example calculations of the Earnout Amount based on certain assumptions set forth therein. Each of the Buyer a...
Annual Recurring Revenue means the Recurring Revenue for the month most recently ended, multiplied by twelve (12).
Exhibit 10.1 f.
Annual Recurring Revenue is a company performance metric calculated as the aggregation of annualized subscription fees from all of DMRC’s commercial contracts as of the measurement date, as reported in DMRC’s audited financial statements.