Churn Rate is, as of any date of determination, the percentage obtained by (i) subtracting (a) the number of Retained Customer Accounts (measured on a trailing three (3) month basis) from (b) the number of Existing Customer Accounts with which Borrower began the applicable trailing three (3) month period divided by (ii) the number of Existing Customer Accounts with which Borrower began the applicable trailing three (3) month period.
Churn Rate means a percentage of numbers that have discontinued accessing or receiving services of a licensee within a given timeframe.”
Churn Rate means, with respect to any month, the quotient of (a) (i) Monthly Net Revenue Change calculated with respect to such month, divided by (b) Borrower’s monthly revenue from subscriptions, as reflected in (i) of the definition of Monthly Recurring Revenue for the month of such date of determination.
Examples of Churn Rate in a sentence
Xxxxxxxx has requested that Bank amend the Loan Agreement to (i) revise the Annualized Churn Rate calculation and related definitions, and (ii) make certain other revisions to the Loan Agreement as more specifically set forth herein.
More Definitions of Churn Rate
Churn Rate means, for any period as at any date of determination, the sum of the Monthly Recurring Revenue lost as a result of Closed Accounts divided by the aggregate Monthly Recurring Revenue for such period.
Churn Rate is, as of any date of determination, the Lost Revenue Percentage multiplied by twelve (12).
Churn Rate shall be calculated by (a) taking the total number of Disconnections during the relevant Quarter and dividing that sum by the Average Base; and (b) multiplying the result by 100.
Churn Rate means, as of the date of determination, the ratio, expressed as a percentage, of (x) the total monthly Recurring Revenue from Eligible Recurring Revenue Contracts for the twelve (12) month period ending on such date of determination that were cancelled or not renewed, divided by (y) the total monthly Recurring Revenue from all Eligible Recurring Revenue Contracts that were eligible to be renewed for the twelve (12) month period ending on such date.
Churn Rate means a percentage of numbers of a licensee that have discontinued accessing or receiving services within a given timeframe in relation to the total number of active numbers at the start of the timeframe.”
Churn Rate is greater than a number determined pursuant to this Agreement ("Maximum Churn"), Qwest may reduce Usage Commissions upon written notice to TechWave, provided however that any such change may not be effected any more frequently than every six (6) months and that no such individual reduction in Usage Commission shall be greater than [ * ] of the then existing Usage Commission. "Churn Rate" shall be defined as the number of Residential Service Customers changing its PIC from Qwest within thirty (30) days of PIC confirmation of service divided by the number of Residential Service Customers confirmed during a Measuring Period. A Measuring Period is any defined interval of time not less than thirty (30) days. Upon receipt of written notice from Qwest, TechWave shall have thirty (30) days to "cure" by maintaining, during such 30 day cure period, the Churn Rate equivalent to or less than the Maximum Churn and achieving a Churn Rate for all new Residential Service Customers in a Measuring Period during such 30 day cure period equivalent to or less than the Maximum Churn. Upon 30 days prior written notice to TechWave, Qwest may change the Maximum Churn, provided however that Qwest may make such a change no more frequently than every six (6) months and further provided that no such change shall reduce the Maximum * CONFIDENTIAL TREATMENT REQUESTED. EXHIBIT 2(b) Churn by more than [ * ]. The Maximum Churn as of the date of this Agreement shall be [ * ].
Churn Rate shall be defined as the number of Residential Service Customers changing its PIC from Qwest within thirty (30) days of PIC confirmation of service divided by the number of Residential Service Customers confirmed during a Measuring Period. A Measuring Period is any defined interval of time not less than thirty (30) days. Upon receipt of written notice from Qwest, TechWave shall have thirty (30) days to "cure" by maintaining, during such 30 day cure period, the Churn Rate equivalent to or less than the Maximum Churn and achieving a Churn Rate for all new Residential Service Customers in a Measuring Period during such 30 day cure period equivalent to or less than the Maximum Churn. Upon 30 days prior written notice to TechWave, Qwest may change the Maximum Churn, provided however that Qwest may make such a change no more frequently than every six (6) months and further provided that no such change shall reduce the Maximum * CONFIDENTIAL TREATMENT REQUESTED. EXHIBIT 2(b) Churn by more than [ * ]. The Maximum Churn as of the date of this Agreement shall be [ * ].