Unrecognized Revenue Amount definition

Unrecognized Revenue Amount means an aggregate amount equal to the sum of the deferred revenue of the Seller plus the sum of the customer deposits of the Seller, in each case calculated as of immediately prior to the Closing in accordance with GAAP.
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Examples of Unrecognized Revenue Amount in a sentence

  • Within 120 days after the Closing Date, the Purchaser will deliver to the Seller Representative a certificate (the “Closing Purchase Price Certificate”), executed by the Purchaser, setting forth the Purchaser’s calculation of (i) the Closing Working Capital, the Unrecognized Revenue Amount, and the Assumed Indebtedness, and (ii) the Acquisition Consideration and the Closing Purchase Price based thereon.

  • If the Seller Representative delivers a Dispute Notice in accordance with Section 1.7(b), the Seller Representative and the Purchaser will attempt in good faith to resolve the dispute over the calculation of the Closing Working Capital, the Unrecognized Revenue Amount or the Assumed Indebtedness, whichever is being disputed, and the Acquisition Consideration and the Closing Purchase Price based thereon.