Lost Customer Accounts are, as of any date of determination, as applicable, the total gross number of Existing Customer Accounts that were lost, cancelled or not renewed in the period ended as of such date of determination.
Lost Customer Accounts is, as of any date of determination, the total number of Customer Accounts of Borrower in which each such Account (i) previously generated trailing 12-month Recurring Revenues for Borrower of at least One Thousand Dollars ($1,000) and (ii) became an Inactive Customer Account in the period being measured.
Lost Customer Accounts accounts whereby the BHC Correspondent Customer shall have (a) closed or indicated an intention to close that account (other than in connection with a transfer to the Books and Records of Buyer) or (b) transferred, withdrawn, or otherwise removed or indicated an intention to transfer, withdraw or otherwise remove from such account (other than to the Books and Records of Buyer), in one or more transactions, assets (net of deposits or additions, if any) that represented or would represent 50% or more of the Net Account Asset Value of the Customer Account as set forth opposite such name of such Customer Account under the column headed “Net Account Asset Value per Customer Account as of December 14, 2004” of the Customer Account Schedule; provided, that with respect to clauses (a) and (b) any Customer Account of a BHC Correspondent Customer transferred to the Books and Records of Buyer between the date of this Agreement and the end of Year One shall not be deemed to be a “Lost Customer Account” as a result of such transfer in determining the Contingent Payment.
More Definitions of Lost Customer Accounts
Lost Customer Accounts is, as of any date of determination, the total number of subscription Accounts of Borrower that were lost in the trailing three (3) month period ended as of such date of determination.