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 Credit Agreement – Domo, Inc. annual contract value of existing customer contract increases from the beginning of such quarter until the financial reporting date.
Annualized Recurring Revenue means, as of the last day of any fiscal month, the product of (a) Contracted Recurring Revenue for such month multiplied by (b) twelve; provided that Annualized Recurring Revenue calculated pursuant to this Agreement shall not exceed the amount of annual recurring revenue reported by the Administrative Borrower in its publicly filed financial statements for such period.
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).
Examples of Annualized Recurring Revenue in a sentence
Loan Parties’ Debt Ratio shall not Annualized Recurring Revenue shall equal or exceed the amount listed below for the time period provided below, measured as of the last day of the applicable time period: Fiscal Quarter Ending Annualized Recurring Revenue 4/30/2024 $[***] 7/31/2024 $[***] 10/31/2024 $[***] 1/31/2025 $[***] 4/30/2025 $[***] 7/31/2025 $[***] 10/31/2025 $[***] Amended and Restated Loan and Security Agreement – Domo, Inc.
More Definitions of Annualized Recurring Revenue
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).
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. 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
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 means the product of (a) Recurring Revenue for the fiscal quarter most recently ended multiplied by (b) four (4).
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).