Annualized Recurring Revenue means, with respect to any measurement period, Borrowers’ trailing one (1) month of Monthly Recurring Revenue as of the last day of the most recently completed month, multiplied by twelve (12).
Annualized Recurring Revenue means, for any given calendar quarter, the amount of Recurring Revenue the Loan Parties receive during such quarter multiplied by 4, less the annual contract value of Churned Customer Contracts from the beginning of such quarter until the financial reporting date, plus the annual contract value of existing customer contract increases from the beginning of such quarter until the financial reporting date.
Annualized Recurring Revenue. Monthly Recurring Revenue recognized for the fiscal month most recently ended for which financial statements have been delivered to the Administrative Agent pursuant to Section 6.1, multiplied by twelve (12).
Examples of Annualized Recurring Revenue in a sentence
Annualized Recurring Revenue (ARR) is the quarterly recurring revenue multiplied by 4.
Software and Digital Services grew +15% organic in Q2.• AVEVA delivered strong growth in Annualized Recurring Revenue (ARR), up +15.1%1 as at 30 June 2023, with growth comprising both upsell to the existing customer base, and the addition of new logos.
ForgeRock also uses the key metric Annualized Recurring Revenue (“ARR”), to evaluate its operations.
The performance criteria for the performance stock units are based on Annualized Recurring Revenue ("ARR") and free cash flow per share goals adopted by the Compensation and Human Resource Committee, as well as total stockholder return compared against companies in the S&P Computer Software Select Index or the S&P North American Technology Software Index (“Relative TSR”).
AVEVA was impacted by lower perpetual license revenue and the timing of closing some contracts but continued their focus on Annualized Recurring Revenue (ARR).
More Definitions of Annualized Recurring Revenue
Annualized Recurring Revenue is defined as the first (1st) year of annualized contract value from all of Borrower’s customers under contract at the end of the preceding period.
Annualized Recurring Revenue means the product of (a) Recurring Revenue for the fiscal quarter most recently ended multiplied by (b) four (4).
Annualized Recurring Revenue means, on a pro forma basis, four (4) times (i) the gross recurring revenue from SMR operations of the Business based on actual billing for the full three-month period immediately prior to the Closing (the "Test Period"), adjusted with respect to all customers who are not billed monthly as if they were billed monthly, decreased by (ii)
Annualized Recurring Revenue means, as to any fiscal year, the gross amount of recurring revenue recognized that a company expects to generate solely from the sale of products and services to its contracted subscription customer base in the 12 months after the end of that fiscal year, expected revenue determined in accordance with GAAP.
Annualized Recurring Revenue means, at any time, an amount equal to the product of (x) the Recurring Revenue for the most recently ended month for which financial statements have been delivered pursuant to Section 9.9 multiplied by (y) twelve (12).
Annualized Recurring Revenue as of any date, is the product of (a) Recurring Revenue for the most recently ended monthly period as of such date, multiplied by (b) twelve. “Applicable Margin”: initially, the rates per annum corresponding to Level I in the table below; provided that commencing on the date on which the Administrative Agent receives copies of the consolidated financial statements in respect of the fiscal quarter ending June 30, 2022, together with a Compliance Certificate in respect thereof as contemplated by Section 6.2(b), “Applicable Margin” shall mean (a) at any time prior to the Financial Covenant Trigger Date, the rate per annum set forth under the relevant column heading in the first grid below and (b) at any time on or after the Financial Covenant Trigger Date, the rate per annum set forth under the relevant column heading in the second grid below: Prior to the Financial Covenant Trigger Date 3.00% SOFR Loans 2.00% 0.25% ABR Loans II Commitment Fee Rate > 0.50:1.00 Level 3.50% 2.50% 0.35% I On or After the Financial Covenant Trigger Date Recurring Revenue Leverage Ratio
Annualized Recurring Revenue. Monthly Recurring Revenue recognized for the fiscal month most recently ended for which financial statements have been delivered to the Administrative Agent pursuant to Section 6.1, multiplied by twelve (12). “Applicable Foreign Obligor Documents”: is defined in Section 4.30(a). “Applicable Margin”: (a) for SOFR Loans, a rate per annum equal to 3.502.50% and (b) for ABR Loans, a rate per annum equal to 2.501.50%. “Application”: an application, in such form as the Issuing Lender may specify from time to time, requesting the Issuing Lender to issue a Letter of Credit. “Approved Fund”: any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender, or (c) an entity or an Affiliate of an entity that administers or manages a Lender. “Article 55 BRRD”: Article 55 of Directive 2014/59/EU (as amended or re-enacted) of the European Parliament and the Council of the European Union, establishing a framework for the recovery and resolution of credit institutions and investment firms. “Asset Sale”: any Disposition of property or series of related Dispositions of property (excluding any such Disposition of property permitted by clauses (a) through (m) of Section 7.5) that yields gross proceeds to any Group Member (valued at the initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at fair market value in the case of other non-cash proceeds) in excess of $500,000. “Assignment and Assumption”: an assignment and assumption entered into by a Xxxxxx and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.6), and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form approved by the Administrative Agent. “Available Revolving Commitment”: at any time, an amount equal to (a) the lesser of (i) the Total Revolving Commitments in effect at such time and (ii) the Borrowing Base in effect at such time, minus (b) the aggregate undrawn amount of all outstanding Letters of Credit at such time, minus (c) the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into