Deferred Revenues definition
Deferred Revenues. For purposes of the above quick asset ratio, deferred revenues shall not be counted as current liabilities. For purposes of the above debt to tangible net worth ratio, deferred revenues shall not be counted in determining total liabilities but shall be counted in determining tangible net worth for purposes of such ratio. For all other purposes deferred revenues shall be counted as liabilities in accordance with generally accepted accounting principles.
Deferred Revenues means that portion of subscription and membership revenues, product and services revenues and publication revenues carried as a liability by any of the Credit Parties on the balance sheet of that Person, which will be recognized as revenue on that Person's statement of operations in future periods, all as determined in accordance with GAAP.
Deferred Revenues means, with respect to the Borrower and its Consolidated Subsidiaries, for any fiscal period, the amount of revenue received but not recognized (in accordance with GAAP) during such fiscal period minus the amount of revenue recognized (in accordance with GAAP) but not received during such fiscal period.
Examples of Deferred Revenues in a sentence
A ratio of Quick Assets to Current Liabilities minus Deferred Revenues of at least 0.80 to 1.0.
The Buyer will also verify the amount of Cash and Cash Equivalents, Current Accounts Receivable, Deferred Revenues and Other Liabilities as of the Closing Date.
A ratio of Quick Assets to Current Liabilities minus Deferred Revenues of at least 1.75 to 1.0.
The Purchased Accounts Receivable (i) are valid and existing, (ii) represent monies due for goods sold or services rendered by Seller, or, in the case of Deferred Revenues, goods to be sold or services to be rendered, in any case pursuant to the Purchased Agreements, (iii) are not subject to any defenses, rights of set-off, assignment, restrictions or Liens and (iv) do not include any amounts owed to Seller by an Owner or any director, officer or employee of Seller or any relative of any such Person.
If the excess of Deferred Revenues has increased, the Purchase Price shall be reduced by the amount of the increase.
More Definitions of Deferred Revenues
Deferred Revenues means that portion of subscription and membership revenues, product and services revenues and publication revenues carried as a liability by any of the Credit Parties on the balance sheet of that Person, which will be recognized as revenue on that Person’s statement of operations in future periods, all as determined in accordance with GAAP.
Deferred Revenues means deferred revenues recognized by Purchaser or the Company any of their Affiliates in Purchaser’s consolidated financial statements in accordance with GAAP with respect to an ApiFix System, but only to the extent that Purchaser or the Company or the applicable Affiliate has received non-refundable payment in full and the purchaser has no right of return (except on account of claims that the ApiFix System did not conform to required specifications or was subject to warranty return or replacement).
Deferred Revenues means revenues accruing on account of actual energy savings achieved by new chillers purchased partly out of the proceeds of Financial Incentives, as described in Schedule 2, Section 1.C Paragraph 1 (b) to this Agreement.
Deferred Revenues means all deferred revenue of the types set forth on Schedule 1.1(y) calculated in accordance with GAAP consistently applied in accordance with the Reference Accounting Principles resulting from (i) liabilities related to the receipt of cash prior to the delivery of service to customers, (ii) deferred revenue recognized in connection with the Centennial Lease, and (iii) liabilities resulting from the receipt of cash in connection with Launch Incentives and/or repositioning incentives which have been amortized into revenue in subsequent periods.
Deferred Revenues means the amount shown as Deferred Maintenance - Current and Long-Term on a consolidated balance sheet of the Borrower and its Subsidiaries prepared in accordance with GAAP.
Deferred Revenues means amounts billed for goods or services that have yet to be provided. For the avoidance of doubt, Deferred Revenues does not include (i) any amounts that would be deferred if revenues for project management services had been recognized on a straight-line basis over the duration of the contract rather than the Business’ historical practice of revenue recognition, which has been based on the Business’ estimate of labor hours expected to be spent on such services over the duration of the contract (provided that such remaining billings on open contracts for project management services reasonably represent the cost plus representative profit for the remaining services required to be undertaken by the project management group in order to complete the projects as required under the contracts) or (ii) any amounts deferred on goods that have been delivered but for which no revenues have been recognized due to the absence of a signed contract.
Deferred Revenues means all deferred revenues that would be accrued on a Closing Date Statement for commissions that have been prepaid to Sellers or their Affiliates under the Acquired Contracts, such amounts to be calculated in accordance with GAAP, consistent with the Accounting Principles.