LQA Recurring Revenue definition
LQA Recurring Revenue means, at any date of determination, the product of (i) Recurring Revenue of the Borrower and its Restricted Subsidiaries for the fiscal quarter most recently ended for which financial statements have been (or were required to be) delivered to the Administrative Agent pursuant to Section 6.01(a) or 6.01(b), multiplied by (ii) four (4). Notwithstanding anything to the contrary, it is agreed that LQA Recurring Revenue for the fiscal quarter ended October 31, 2022 shall be deemed to be $471,248,000, as adjusted on a Pro Forma Basis.
LQA Recurring Revenue means with respect to any Test Period, all recurring transactional, maintenance and subscription revenues, and recurring revenues attributable to software licensed or sold by Holdings or any of its restricted subsidiaries, which recurring revenues are earned during such period net of any discounts, calculated on a basis consistent with the financial statements delivered to the Administrative Agent prior to the Closing Date other than one-time implementation or services revenue or any other revenue that is otherwise one-time in nature or not reasonably expected to recur, which recurring revenues are earned during the last Fiscal Quarter of such Test Period, multiplied by four. LQA Recurring Revenue includes a pro forma adjustment for the run-rate impact of the change in terms from the most recent vendor contract with Stripe, Inc. for the Fiscal Year beginning in 2019 (the “Stripe Adjustment”). The Stripe Adjustment is calculated as 1.19% multiplied by the total dollar volume processed by SimplePractice, LLC in the most recent Fiscal Quarter, less the actual payment processing revenue earned from Stripe, Inc. in the most recent Fiscal Quarter, multiplied by four.
LQA Recurring Revenue means, on any date of determination, the product of (a) Consolidated Recurring Revenue for the most recently ended fiscal quarter for which financial statements have been, or were required to have been, delivered to the Administrative Agent pursuant to Section 5.01(a) or (b), multiplied by (b) four (4).