TTM Recurring Revenue definition

TTM Recurring Revenue means, with respect to any Obligor and any date, the Recurring Revenue for such Obligor for the trailing twelve months ending on such date, as calculated by the Servicer in good faith in accordance with the Servicing Standard using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the Related Documents.

TTM Recurring Revenue means, at any time the same is to be determined with respect to any Obligor, the Dollar Equivalent of the trailing twelve-month Recurring Revenue of such Obligor calculated in accordance with the corresponding amount or ratio in the underlying Related Documents for such loan utilizing the most recently delivered financial results of the related Obligor.

TTM Recurring Revenue means, with respect to any Obligor and any date, the Recurring Revenue for such Obligor for the trailing twelve months ending on such date, as calculated by the Collateral Manager in good faith in accordance with the Collateral Manager Standard using information from and calculations consistent with the relevant compliance statements and financial reporting packages provided by the relevant Obligor as per the requirements of the Related Documents.

Examples of TTM Recurring Revenue in a sentence

• TTM Recurring Revenue measured on a fiscal quarter-end basis for each fiscal quarter ending from and after the fiscal quarter ending March 31, 2015, of at least $4,500,000.

• TTM Recurring Revenue for the period ending (the month for which financial statements have been most recently delivered pursuant to Section 5.1) $ b.

• TTM Recurring Revenue, measured on a quarter-end basis of at least $5,000,000 for each quarter other than the quarter ending June 30, 2014, and TTM Recurring Revenue of at least $4,500,000 for the quarter ending June 30, 2014.

• The governing body, head teacher and school leadership team, in support of the designated staff member, agree that: • The designated teacher and operational member of staff have appropriate seniority and professional experience to provide leadership, training, information, challenge and advice to others that will influence decisions about the teaching and learning needs of looked after and previously looked after children.

• TTM Recurring Revenue for the quarter ending September 30, 2014 of at least $4,500,000, and TTM Recurring Revenue, measured on a quarter-end basis for each quarter ending from and after the quarter ending December 31, 2014, of at least $5,000,000.

More Definitions of TTM Recurring Revenue

TTM Recurring Revenue means, as of any date of determination, the Recurring Revenues of Borrower determined on a consolidated basis, for the 12 month period most recently ended.

TTM Recurring Revenue means all annually recurring software as a service, recurring hardware as a service, and cloud (all as determined by Borrower’s accountants and satisfactory to Agent) subscription revenue and maintenance support revenue attributable to Borrower or any of its Subsidiaries earned during such period, calculated on a basis consistent with the financial statements delivered to Agent prior to the Closing Date, for the 12 month period most recently ended.

TTM Recurring Revenue means, as of any date of determination, Recurring Revenue of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period month recently ended.

TTM Recurring Revenue means, as of any date of determination, Recurring Revenue for the 12 calendar month period ending immediately prior to such date of determination.

TTM Recurring Revenue means, as of any date of determination, Recurring Revenue of Borrowers and their Subsidiaries determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended for which financial statements have been delivered to Agent pursuant to the terms of this Agreement. For the purposes of calculating TTM Recurring Revenue for any period, if at any time during such period (and after the Closing Date), any Borrower or any of its Subsidiaries shall have made a Permitted Acquisition, or shall have consummated a Permitted Disposition described in clause (u) of the definition thereof TTM Recurring Revenue for such period shall be calculated after giving pro forma effect thereto.

TTM Recurring Revenue means, as of any date of determination, Recurring Revenue of Parent determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

TTM Recurring Revenue means, with respect to any Obligor for which twelve full fiscal months (or such other periodic increments totaling no less than one consecutive year) of relevant financial data are available, as of any date of determination, Recurring Revenue for such Obligor for the trailing twelve-month period ending on such date, as calculated by the Servicer in good faith in accordance with the Servicing Standard using information from and calculations consistent with the applicable Collateral Reporting Package and, with respect to any Loan Asset with respect to which the Obligor has undergone a material acquisition, merger or other similar material corporate event within the Relevant Test Period, calculated on a pro forma basis as if such event had occurred at the beginning of the Relevant Test Period so long as such pro forma calculation is provided for in the related Loan Agreement.