Recurring Revenues definition
Recurring Revenues means, with respect to any period, all recurring transactional maintenance and subscription revenues, and recurring revenues attributable to software licensed or sold by the Holdings or any of 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.
Recurring Revenues means revenues of Seller from recurring sources, calculated by multiplying the number of Subscribers as of the Closing Date by the average monthly rate in effect for such Subscribers, by type, excluding any one-time set-up fees and other ancillary charges.
Recurring Revenues means, with respect to any period, all recurring maintenance and subscription and recurring support revenues, and recurring revenues attributable to software licensed or sold by the Holdings or any of 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. Notwithstanding anything to the contrary, it is agreed, that for the purpose of calculating the LQA Recurring Revenue Leverage Ratio for any period that includes the fiscal quarter ended on September 30, 2017, Recurring Revenues shall be deemed to be $21,694,000.
Examples of Recurring Revenues in a sentence
For purposes hereof, "Recurring Revenues" shall mean revenues of Seller from recurring sources, calculated by multiplying the number of Subscribers as of the Closing Date by the average monthly rate in effect for such Subscribers, by type, excluding any one-time set-up fees and other ancillary charges.
Recurring Revenues for the Three Month Period set forth in the Final Report shall not be less than the amount set forth in Schedule 9.1(p).
Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are customer Accounts that generate Monthly Recurring Revenues.
Distributor will be entitled to the 25% commissions on Recurring Revenues for all internet sales made within the Territory to Teliphone Subscribers whose principal address is within the Territory.
For clarity, “Additional Revenue” shall not include: (i) sales prior to the date of these Master Terms; (ii) sales on your website unrelated to such Extension; (iii) the sale of support or installation services; and (iv) any Initial and Recurring Revenues.
More Definitions of Recurring Revenues
Recurring Revenues means, with respect to any period, all customer license-based or usage-based revenue attributable to the software owned, licensed or maintained by Borrower or its Subsidiaries which shall include, for the avoidance of doubt, all minute-based charges, text messaging revenue, call-based charges, local caller ID packages, agent-leg minutes, agent recurring charges, call recording charges, telco charges and any similar recurring fees from the Applicable Affiliate Transaction Documents.
Recurring Revenues means Revenues earned in the ordinary course of the Transferred Business, consistent with past practice, but shall exclude the portion of each termination fee payable by a customer upon early termination of its contract commitment equal to the Pro Rata Fraction multiplied by the aggregate of such termination fees, any fees related to termination of options or any similar non-recurring Revenue items; provided that the Revenues from occasional, month-to-month and part-time use shall be deemed to be Recurring Revenues.
Recurring Revenues means, with respect to any period, the sum of (a) all recurring monthly transaction related fees comprised of credit and debit card fees charged to merchants, as well as certain service charges and convenience fees for payment processing services, including authorization, capture, clearing, settlement and information reporting of electronic transactions and related fees minus (b) interchange fees and chargebacks with respect to “wholesale residual revenue” for such period and for any prior period to the extent not deducted in calculating Recurring Revenues for such prior period.
Recurring Revenues means the recurring maintenance and subscription revenues of Borrower, Pivotal, Catalyst, Saratoga Systems and IMI US.”
Recurring Revenues means total gross revenues earned by the Company and the Foreign Affiliates from recurring revenue sources (including, without limitation, interconnect fees, monthly fees, usage fees, roaming fees, air time charges, value-added services, each adjusted for inflation in accordance with GAAP, and additional service charges, less the bad debt expense for that period indicated on the income statement of the Company and the Foreign Affiliates). Recurring Revenues shall not include equipment sales or leases of iDEN or other subscriber units.
Recurring Revenues means [*]
Recurring Revenues means, with respect to any period, the revenue of Active Borrowers for such period that is derived from providing software hosting, business process outsourcing, IT outsourcing, and software maintenance services to their customers pursuant to written contracts (acceptable to Agent), all as reflected on a report prepared in accordance with Active Borrowers’ historic practices and which report is to be otherwise satisfactory to Agent.