Minimum Revenue. Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):
Minimum Revenue. (a) Borrower and its Subsidiaries shall have Revenue:
Minimum Revenue. As of the last day of each fiscal quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues of the Borrower and its Subsidiaries for the trailing twelve month period ending on the last day of such fiscal quarter to be less than the amount set forth below of each applicable period: Fiscal Quarter End Minimum Consolidated Revenues December 31, 2022 $ 226,500,000.00 March 31, 2023 $ 253,100,000.00 June 30, 2023 $ 283,500,000.00 September 30, 2023 $ 312,900,000.00 December 31, 2023 $ 342,700,000.00 March 31, 2024 $ 371,600,000.00 June 30, 2024 $ 408,300,000.00 September 30, 2024 $ 443,000,000.00 December 31, 2024 $ 459,100,000.00 March 31, 2025 $ 487,900,000.00 June 30, 2025 $ 521,900,000.00 September 30, 2025 $ 556,700,000.00 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.00
Minimum Revenue. As of the last day of each fiscal quarter set forth below (each, a “Calculation Date”), Holdings and its Subsidiaries shall have received Revenue, for the trailing twelve (12) month consecutive period ending on such Calculation Date, in an aggregate amount not less than the corresponding amount set forth opposite such Calculation Date: Calculation Date Revenue March 31, 2022 $5,750,000 June 30, 2022 $7,750,000 September 30, 2022 $11,000,000 December 31, 2022 $18,000,000 March 31, 2023 $26,000,000 79 Calculation Date Revenue June 30, 2023 $44,000,000 September 30, 2023 $69,000,000 December 31, 2023 $100,000,000 March 31, 2024 $125,000,000 June 30, 2024 $125,000,000 September 30, 2024 $125,000,000 December 31, 2024 $125,000,000 March 31, 2025 $125,000,000
Minimum Revenue. On each date set forth below (a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net Revenue for the trailing twelve-month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: Calculation Date Net Revenue December 31, 2018 $ 11,337,000 March 31, 2019 $ 11,430,000 June 30, 2019 $ 10,822,000 September 30, 2019 $ 10,777,000 December 31, 2019 $ 10,836,000 March 31, 2020 $ 11,256,000 June 30, 2020 $ 12,112,000 September 30, 2020 $ 12,604,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,000
Minimum Revenue. Not permit the revenue of Holdings and its Subsidiaries (as recognized in accordance with GAAP) as of the last day of any Test Period set forth in the table below, to be less than the amount set forth opposite such Test Period for such Test Period then ended: Test Period Ended Minimum Revenue December 31, 2023 $46,183,000 March 31, 2024 $34,302,000 June 30, 2024 $35,794,000 September 30, 2024 $38,777,000
Minimum Revenue. Minimum Revenue, based on the most recent quarterly financial statement delivered to Bank pursuant to Section 6.2 of this Agreement of not less than the following amounts for the following periods: $15,600,000 for the quarter ending March 31, 2003; $17,700,000 for the quarter ending June 30, 2003; $19,200,000 for the quarter ending September 30, 2003; $20,400,000 for the quarter ending December 31, 2003; and $20,400,000 for the quarter ending March 31, 2004.
Minimum Revenue. As of the last day of each fiscal quarter concluding on and after September 30, 2022, Parent and its consolidated entities shall have revenue (determined in accordance with GAAP) of not less than Minimum Revenue for the preceding 12 months.
Minimum Revenue. The Company and its Subsidiaries shall not permit the Revenue of the Company and its Subsidiaries on a consolidated basis in accordance with GAAP, as of the last day of any fiscal quarter ending on the dates set forth below and calculated for the period of the last twelve months ending on such date, to be less than the amount set forth below for such date. Fiscal Quarter ending on Minimum Revenue 12/31/2022 $ 15,385,000 3/31/2023 $ 17,474,000 6/30/2023 $ 20,261,000 9/30/2023 $ 24,334,000 12/31/2023 $ 29,662,000 3/31/2024 $ 34,060,000 6/30/2024 $ 39,812,000 9/30/2024 $ 46,934,000 12/31/2024 $ 55,306,000 3/31/2025 $ 61,884,000 6/30/2025 $ 70,336,000 9/30/2025 $ 81,222,000 12/31/2025 and thereafter $ 94,612,000 58
Minimum Revenue. As of the last day of each fiscal quarter concluding on and after the Closing Date, the Borrower and its consolidated entities shall have revenue (determined in accordance with GAAP) of not less than $150,000,000 on a trailing 12 month basis.
