Monthly Recurring Revenue definition

Monthly Recurring Revenue means with respect to any measurement period GAAP revenue recognized during such period from Contracts.

Monthly Recurring Revenue means, for any month as at any date of determination, the sum of the aggregate value of Recurring Revenue for such month taken as a single accounting period under GAAP, minus Recurring Revenue of Borrower that was lost during the month ended as of such date of determination.

Monthly Recurring Revenue means, for any period as at any date of determination, the sum of the aggregate value of all (a) billed Accounts of Borrower for such period taken as a single accounting period under GAAP, plus (b) monthly services performed by the Borrower on all service contracts for billed Accounts, as reported by Borrower in its Monthly Financial Statements delivered to the Bank pursuant to Section 6.2(c), minus (c) Closed Accounts, minus (d) one-time credits applied to any of Borrower’s Accounts.

Examples of Monthly Recurring Revenue in a sentence

• This is calculated by multiplying the MRR (Monthly Recurring Revenue) in the final month of the quarter by 12.

• The indicator that best reflects the development of our business is MRR (Monthly Recurring Revenue).

• Notwithstanding the foregoing, commencing with the month ending January 31, 2013, Borrower’s minimum Monthly Recurring Revenue is subject to change based on Borrower’s annual financial projections approved by Borrower’s Board of Directors for the December 31, 2013 and December 31, 2014 fiscal years, which shall be equal to or greater than seventy-five percent (75%) of Borrower’s projected performance for each such month, as determined by Bank in its sole discretion (the “2013/2014 MRR Covenant”).

• Notwithstanding the foregoing, commencing with the month ending January 31, 2012, Borrower’s Monthly Recurring Revenue is subject to change based on Borrower’s annual financial projections approved by Borrower’s Board of Directors for the December 31, 2012 fiscal year, which shall be equal to or greater than seventy-five percent (75%) of Borrower’s projected performance for such month, as determined by Bank in its sole discretion (the “2012 MMR Covenant”).

• Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are Eligible Customer Accounts in any Monthly Recurring Revenue calculation.

More Definitions of Monthly Recurring Revenue

Monthly Recurring Revenue means, for any applicable period, the gross revenue received by Borrower during such period on a recurring basis (and not extraordinary gains or other payments outside the ordinary course of business), including subscription and usage revenue.

Monthly Recurring Revenue or “MRR” means the base revenue invoiced each month to Wholesaler’s Subscriber(s). MRR is comprised of all “quoted,” itemized one-time and monthly recurring charges, including one-time and monthly recurring hardware charges, bundled and line item quoted services, voice, and software applications, encompassing Sangoma’s Products and Services. MRR excludes all Wholesaler added Margin, non-quoted revenue attributed to Taxes and Fees (as defined herein), service usage, service overages (such as long-distance or toll-free in excess of total purchased minutes or bursting charges), increases to any quoted or invoice line item resulting from changes in the CPI(U) Index, any revenue not specifically attributable to Wholesaler’s direct sales and Wholesaler’s Resellers’ sales, and any revenue not specifically stated as being included in MRR.

Monthly Recurring Revenue means, with respect to any measurement period, Borrowers’ monthly software as a service revenue and maintenance and support revenue recognized in accordance with GAAP during such period from Contracts.

Monthly Recurring Revenue means, with respect to any month, (i) all recurring subscription revenue attributable to software sold or licensed by Borrower and all recurring revenue relating to services delivered by Borrower (including revenue under software maintenance and service contracts regardless of whether services are required to be actually delivered) and (ii) 50% of all revenue attributable to Borrower’s “Sxxxx” product lines.

Monthly Recurring Revenue means, with respect to any month, (i) all recurring subscription revenue attributable to software sold or licensed by Borrower and all recurring revenue relating to services delivered by Borrower (including revenue under software maintenance and service contracts regardless of whether services are required to be actually delivered), (ii) all revenue attributable to Borrower’s “Arcade” and “Xxxxx” product lines, and (iii) 50% of all revenues attributable to the sale or leasing of hardware to an account debtor in connection with the revenues described in clauses (i) or (ii) of this definition, in each case which have been earned during such period and calculated on a basis consistent with the financial statements delivered to Bank prior to the Closing Date.

Monthly Recurring Revenue for any calendar month, Recurring Revenue recognized in such calendar month.

Monthly Recurring Revenue is the sum of Borrower’s monthly revenue attributable to subscription fees, monthly minimums, usage and account management or other related fees earned during the prior month pursuant to a binding, written agreement which has a minimum term of twelve (12) months and which arise in the ordinary course of Borrower’s business that (i) meet all of Borrower’s representations and warranties described in Clause 5.15 and (ii) are or may be due and owing from Account Debtors deemed acceptable to Bank in its reasonable discretion minus any discounts, credits, reserves for bad debt, customer adjustments, or other offsets; provided that Bank reserves the right at any time and from time to time to exclude and/or remove any Account, or portion thereof, from the definition of Monthly Recurring Revenue, in its reasonable discretion.