BOOKED REVENUE definition
BOOKED REVENUE means (i) amounts payable pursuant to purchase orders placed by customers after the date hereof and prior to December 31, 2007 in connection with the Public Safety Business or the TDtv Business, (ii) up-front or fixed license fees payable to the Company in connection with licenses granted to third parties after the date hereof and prior to December 31, 2007 that enable such third parties to engage in the Public Safety Business or the TDtv Business, and (iii) proceeds from the sale of the Public Safety Business or TDtv Business, where the agreement for such sale was entered into after the date hereof and prior to December 31, 2007; provided, however, that Booked Revenue shall exclude nonrecurring engineering expense payments associated with the TDtv business, as well as amounts payable in connection with the Company's Northrop Grumman purchase order number PG10452, dated October 16, 2006 - October 24, 2006, and any replacements, extensions or modifications of such purchase order; and provided further that any new business or increase to the size of such purchase order shall constitute Booked Revenue. Booked Revenue shall include Booked Revenue of the Company, the Successor Corporation or any successor to the relevant Public Safety Business or TDtv Business, so long as such business is owned by Parent or any affiliate of Parent, plus (i) Booked Revenue of licensees of the Company who are licensees of the Company as of the date hereof, (ii) Booked Revenue of licensees of the Company who become licensees of the Company after the date hereof but prior to Closing (provided that Parent has consented thereto), and (iii) Booked Revenue of licensees of the Successor Corporation (or any successor to the relevant Public Safety Business or TDtv Business so long as such business is owned by Parent or any affiliate of Parent) who become licensees after the Closing; provided that Booked Revenue of any of such licensees shall only include the portion of the amount payable that is used to determine the royalty or license fee that the licensee pays to the Company. No amounts included in Booked Revenue shall be included in Shipped Revenue.
BOOKED REVENUE means income generated by the Company, including any amounts that customers of the Company are obligated to pay to the Company pursuant to any agreed terms, invoice, contracts, or sales orders that have performed by the Company and for the avoidance of doubt must be consistent with US GAAP (Generally Accepted Accounting Principles).