Deferred Revenue Adjustment definition

Deferred Revenue Adjustment means, as to any applicable period, an aggregate net amount determined by the Borrower in good faith equal to the difference between the amount of revenue recognized with respect to all contractual performance obligations and the amount of consideration received with respect to all contractual performance obligations. Upon the reasonable request of the Administrative Agent, the Borrower shall provide the Administrative Agent with supporting documentation for its calculation of the Deferred Revenue Adjustment.

Deferred Revenue Adjustment means, for any period, the amount (which may be a negative number) by which the current and long-term portions of deferred revenue of Holdco and its Restricted Subsidiaries attributable to software as a service products and solutions as of the end of such period exceeds (or is less than) such deferred revenue of Holdco and its Restricted Subsidiaries attributable to software as a service products and solutions as of the beginning of such period, in each case as reflected on the consolidated cash flow statement of Holdco.

Deferred Revenue Adjustment means, with respect to the Merger or any Permitted Acquisition, the reduction in the deferred revenue reflected on the most recent balance sheet of, with respect to the Merger, Seller or, with respect to any Permitted Acquisition, the Person acquired resulting from fair valuing such deferred revenue under the purchase method of accounting for the Merger or such Permitted Acquisition.

Examples of Deferred Revenue Adjustment in a sentence

• If, within 15 days after these deliveries, Stockholder Agent has not given Buyer notice of its objection to the computation of the Net Book Value Adjustment or the Deferred Revenue Adjustment containing a reasonably detailed statement of the basis for the objection, the computation of the Net Book Value Adjustment and the Deferred Revenue Adjustment will be binding on the Parties.

• THE ADJUSTMENT AMOUNT (which may be a positive or negative number) will be equal to the sum of the net worth of the Company as of July 31, 2000 determined in accordance with GAAP and the Enterprise Deferred Revenue Adjustment Amount.

• In addition, the Estimated Closing Statement shall also set forth (x) the Additional Deferred Revenue Adjustment (as defined below), calculated in accordance with GAAP and estimated as of the Closing, and (y) the Additional Adjustments (as defined below), based upon the Estimated Working Capital and estimated as of the Closing.

• The determination of whether a Net Book Value Adjustment or Deferred Revenue Adjustment exists shall be made without regard to the effect of Excluded Losses on any component of such determination.

• The aggregate consideration payable by Purchaser for the Shares and the Acquired Assets shall be (i) $112,500,000, minus (ii) the amount of Closing Date Funded Indebtedness (if any), plus (iii) the Net Working Capital Adjustment, as calculated pursuant to Section 2.04, minus (iv) the Special Adjustments, minus (v) the Deferred Revenue Adjustment and plus (vi) the amount of Cash (if any) (the “Aggregate Consideration”).

More Definitions of Deferred Revenue Adjustment

Deferred Revenue Adjustment means, for any period, the amount (which may be a negative number) by which the current and long-term portions of deferred revenue of the Borrower and its Restricted Subsidiaries as of the end of such period exceeds (or is less than) such deferred revenue of the Borrower and its Restricted Subsidiaries as of the beginning of such period, in each case as reflected on the consolidated cash flow statement of the Borrower; provided that the Deferred Revenue Adjustment for the fiscal quarter ended September 30, 2011 shall be such amount as reflected on the consolidated cash flow statement of the Borrower increased by $33,000,000.

Deferred Revenue Adjustment means the reduction in the amount of $83,000,000 in deferred revenue and customer deposits reflected on the June 30, 2002, balance sheet of the Acquired Business referred to in Section 3.04(a) resulting from fair valuing such deferred revenue and customer deposits under the purchase method of accounting for the Acquisition and (ii) `Deferred Directory Cost Adjustment' means the reduction in the amount of $22,000,000 in deferred directory costs reflected on such June 30, 2002, balance sheet resulting from fair valuing such deferred directory costs under the purchase method of accounting for the Acquisition.

Deferred Revenue Adjustment means an amount equal to 35% of the average Xxxxxx University month-end deferred revenue balance for the 12 month period ending on the most recent month-end prior to the Effective Date.

Deferred Revenue Adjustment means the reduction in the amount of deferred revenue and customer deposits reflected on the Effective Date Balance Sheet resulting from fair valuing such deferred revenue and customer deposits under the purchase method of accounting for the Acquisition and (ii) "Deferred Directory Cost Adjustment" means the reduction in deferred directory costs reflected on the Effective Date Balance Sheet resulting from fair valuing such deferred directory costs under the purchase method of accounting for the Acquisition.

Deferred Revenue Adjustment means, as to any applicable period, an aggregate net amount determined by the Borrower in good faith equal to the difference between the amount of revenue recognized with respect to

Deferred Revenue Adjustment means the amount of deferred revenue, determined in accordance with the Accounting Principles, of the Acquired Companies as of the Determination Time determined as follows: (i) with respect to the Franchise Agreements set forth in Section DRA(i) of the Seller Disclosure Letter, the lesser of $5,000 per Franchise Agreement and the actual deferred revenue with respect to that Franchise Agreement as of the Determination Time, (ii) with respect to each Franchise Agreement set forth in Section DRA(ii) of the Seller Disclosure Letter, the amount indicated as applicable to that Franchise Agreement in such Section of the Seller Disclosure Letter, (iii) with respect to each Franchise Agreement included in the deferred revenue of the Acquired Companies or the Asset Sellers governing a United States location, other than Franchise Agreements covered by clauses (i) or (ii), the lesser of $16,125 per Franchise Agreement and the actual deferred revenue with respect to that Franchise Agreement as of the Determination Time, and (iv) with respect to each Franchise Agreement included in the deferred revenue of the Acquired Companies or the Asset Sellers governing a non-United States location, other than Franchise Agreements covered by clauses (i) or (ii), the lesser of $18,000 per Franchise Agreement and the actual deferred revenue with respect to that Franchise Agreement as of the Determination Time.

Deferred Revenue Adjustment is defined in Section 1.6.