RUO Revenue definition
RUO Revenue means revenue (as determined in accordance with GAAP) generated by Borrower solely from (i) customer purchases of the HTG EdgeSeq instrument and related RUO assay kits, (ii) development by Borrower of custom RUO assay kits for customers, or (iii) the use of the HTG EdgeSeq instrument and RUO assay kits by Borrower to process samples on behalf of its customers, in each case, in the ordinary course of business. For the avoidance of doubt, RUO revenue shall not include any revenue from collaborative MidCap / HTG / Amendment No. 2 (Term Loan) development services for companion diagnostic development programs for biopharmaceutical companies.”
RUO Revenue means revenue (as determined in accordance with GAAP) generated by Borrower solely from (i) customer purchases of the HTG EdgeSeq instrument and related RUO assay kits, (ii) development by Borrower of custom RUO assay kits for customers, or (iii) the use of the HTG EdgeSeq instrument and RUO assay kits by Borrower to process MidCap / HTG / Amendment No. 3 (Revolving Loan) samples on behalf of its customers, in each case, in the ordinary course of business. For the avoidance of doubt, RUO revenue shall not include any revenue from collaborative development services for companion diagnostic development programs for biopharmaceutical companies.”