Booked Revenues definition
Booked Revenues means amounts that customers of Purchaser are obligated to pay to Purchaser for the purchase or license of Purchaser’s “Covered Products” (as defined below) pursuant to signed binding definitive written contracts signed by Purchaser and its customers, and binding purchase or sales orders submitted by Purchaser’s customers and accepted by Purchaser, during the “Measuring Period” and in accordance with Purchaser’s internal controls for acceptance and approval of contracts, purchaser orders and sales orders. Notwithstanding the foregoing, the term “Booked Revenues” shall not include any revenues earned from any contracts or purchase or sales orders, the substantially final terms of which been agreed upon by Purchaser and its customers prior to the commencement of the Measuring Period.