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
Monthly Recurring Revenue, or MRR, is calculated by multiplying the number of merchants by the average monthly subscription plan fee in effect on the last day of that period and is used by management as a directional indicator of subscription solutions revenue going forward assuming merchants maintain their subscription plan the following month.
Monthly Recurring Revenue (MRR) The Company calculates MRR as monthly contractual revenue under signed leases as of a particular date, which includes revenue from its C1, C2 and C3 rental and cloud and managed services activities, but excludes customer recoveries, deferred set-up fees, variable related revenues, non-cash revenues and other one-time revenues.
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”).
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.
Monthly Recurring Revenue We calculate MRR at the end of each period by multiplying the number of merchants who have subscription plans with us at the period end date by the average monthly subscription plan fee, which excludes variable platform fees, in effect on the last day of that period, assuming they maintain their subscription plans the following month.
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 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), and (ii) 50% of all revenue attributable to Borrower’s “Arcade” and “Sxxxx” 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 means the amount equal to the average monthly recurring revenue of the Business for the three full calendar months immediately preceding the Measurement Date that is revenue (a) (i) generated at network locations of the Business as of the Closing Date (irrespective of the customer), including any new network locations (other than network locations of the Buyer or acquired by the Buyer from a third party) that connect to any network location of the Business as of the Closing Date provided that any capital expenditure of the Business to build any such new network location after the Closing Date is applied against the Clarity Budget or (ii) generated from customers of the Business as of the Closing Date (irrespective of whether or not the revenue is generated on the Business’ network as of the Closing Date), including in cases of both subclauses (i) and (ii), revenue of the type described in Exhibit D, and (b) the collectability of which, as determined in good faith by the Buyer and the Seller Representative, is reasonably assured; provided, however, that if capital is expended by the Buyer or its Affiliates for the retention and expansion of the Business during the two-year period between the Closing Date and the Measurement Date in excess of the Clarity Budget (but specifically excluding capital provided by the Buyer for the purposes of items (a)-(c) in the definition of “Clarity Budget”), then for every $50,000 increment of such excess capital expenditure, the Monthly Recurring Revenue calculated as of the Measurement Date will be reduced by $3,500. For purposes of clarifying Monthly Recurring Revenue, Annex D-1 summarizes the composition of the Monthly Recurring Revenue of the Business during September 2016 and is the basis for the $500,000 amount reflected in Section 2.7. The updated Annex D-1 that is required pursuant to the attached Annex D-1 to be produced by the Buyer and the Sellers within 15 days after the Closing Date shall replace and supersede the attached Annex D-1.
Monthly Recurring Revenue or “MRR” means the recurring amounts from your referred Customers pursuant to their respective Customer Contract for Space and Services implemented by QTS, exclusive of any and all (i) taxes, regulatory fees or other third-party charges, (ii) non- recurring fees or one-time charges including without limitation setup fees, hardware charges, late fees, disconnect fees, change of services fees, or any similar fees, (iii) any fees or charges for Space or Services not implemented, discontinued (for whatever reason to be determined at QTS’ sole discretion) and/or not billed to Customers, (iv) amounts received from Customers for Space or Services purchased under discounted promotional pricing other than those specifically agreed to in writing by QTS, (v) any Customer fees or charges due for Space or Services, but not received by QTS, (vii) any separate fees for power or infrastructure charges or (viii) Services provided on a trial or evaluation basis to the extent that QTS waives or refunds (including by way of a credit against future service payments) the amounts paid or to be paid by the Customer with respect to such trial or evaluation services.
Monthly Recurring Revenue means, for each calendar month, such month’s Gross Billed Revenue expressed on an accrual basis instead of a cash basis. This is done by apportioning the Gross Billed Revenue over the length of the subscription. Monthly Recurring Revenue shall be calculated in accordance with the standard reporting practice, meaning what a professional reporting platform such as ChartMogul would do.2 DEFERRED CONSIDERATION SHARES 2.1 Annual Payments (a) Any Deferred Consideration Entitlement payable under clause 1 will be satisfied by the issue of such number of Shares calculated in accordance with the following formula: Where: Shares = means the number of Shares rounded up to the nearest whole number. DCE = means the relevant amount of the Deferred Consideration Entitlement expressed in US$ that is payable in accordance with clause 1 on either the First Payment Date or Second Payment Date (as applicable). WR = the dollar amount of any successful warranty and indemnity claims in accordance with the Unit Purchase Agreement that have not already been settled. Share Price = the 30 Trading Day VWAP of Shares immediately prior to the relevant Payment Date (converted into US$), subject to a maximum share price of US$0.429 and a minimum share price of US$0.305. 2.2 Acceleration Event (a) Following the occurrence of an Acceleration Event, the relevant Founder will be issued such number of Shares calculated in accordance with the following: Where: Shares = means the number of Shares rounded up to the nearest whole number. Unpaid Amount = the unpaid Deferred Consideration Entitlement expressed in US$. Share Price = the 30 Trading Day VWAP of Shares immediately prior to the Acceleration Event (converted into US$), subject to a maximum share price of US$0.429 and a minimum share price of US$0.305. Each of the following will constitute an Acceleration Event: (a) if the relevant Founder is employed by Qustodio, a Change of Control of the Company. Change of Control means: