Average Monthly Revenue Sample Clauses

Average Monthly Revenue. Beginning with the reporting period ending April 30, 2012 and measured on a rolling three months basis, Borrowers shall achieve at least the levels of average Revenues set forth in the table immediately below. Period Revenue January 2012 $ 2,891,866 February 2012 $ 3,018,075 March 2012 $ 3,302,673 April 2012 $ 3,442,604 May 2012 $ 3,614,587 June 2012 $ 3,810,783 July 2012 $ 4,015,056 August 2012 $ 4,229,079 September 2012 $ 4,449,482 October 2012 $ 4,676,584 November 2012 $ 4,902,278 December 2012 $ 5,128,470 Average Monthly Revenue levels for reporting periods following December 31, 2012 will be set by Bank based upon the board approved, fully-funded operating plan to be provided by Borrower pursuant to Section 6.2(viii).
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Average Monthly Revenue. Beginning with the reporting period ending April 30, 2012 and measured on a rolling three months basis, Borrowers shall achieve at least the levels of average Revenues set forth in the table immediately below. Period Revenue November 2012 $ 4,538,904 December 2012 $ 4,631,283 Average Monthly Revenue levels for reporting periods following December 31, 2012 will be set by Bank based upon the board approved, fully-funded operating plan to be provided by Borrower pursuant to Section 6.2(viii).
Sample 1Sample 2
Average Monthly Revenue. Measured on a rolling three months basis, Borrowers shall achieve at least the levels of average Revenues set forth in the table immediately below. Reporting Period Ending Revenue January 31, 2014 $ 6,509,000 February 28, 2014 $ 6,669,000 March 31, 2014 $ 6,953,000 April 30, 2014 $ 7,172,000 May 31, 2014 $ 7,346,000 June 30, 2014 $ 7,515,000 July 31, 2014 $ 7,665,000 August 31, 2014 $ 7,846,000 September 30, 2014 $ 8,035,000 October 31, 2014 $ 8,237,000 November 30, 2014 $ 8,419,000 December 31, 2014 $ 8,596,000 Trupanion, Inc. -6th Amendment to A&R LSA Average Revenue levels for subsequent reporting periods will be set by Bank based upon the board approved, fully-funded operating plan to be provided by Borrowers pursuant to Section 6.2(viii).
Sample 1
Average Monthly Revenue. Three Months. The average monthly revenue of the Stores, calculated for the months of September 2002, October 2002 and November 2002 under the accounting methods set forth in the Profit and Loss Statements, is no less than $10,062,311 per month. On the Closing Date, the average monthly revenue of the Stores, calculated for the three full calendar months immediately prior to the Closing Date and calculated under the accounting methods set forth in the Profit and Loss Statements (the "Closing Three Month Revenue"), will be no less than $10,200,000 per month (the "Closing Three Month Revenue Target"); provided, however, that Acquiror's sole remedy in the event that such representation is not true as of the Closing Date will be the Purchase Price Reduction provided for in Section 1.3(b), except that if the Closing Three Month Revenue is equal to or less than $10,000,000 (the "Closing Three Month Revenue Minimum"), then Acquiror may, at its election, terminate this Agreement pursuant to the terms set forth in Section 1.3(c).
Sample 1
Average Monthly Revenue. Measured on a rolling three months basis, Borrowers shall achieve at least the levels of average Revenues set forth in the table immediately below. Reporting Period Ending Revenue January 31, 2016 $12,750,000 February 29, 2016 $12,100,000 March 31, 2016 $11,520,000 April 30, 2016 $11,780,000 May 31, 2016 $12,090,000 June 30, 2016 $12,390,000 July 31, 2016 $12,730,000 August 31, 2016 $13,090,000 September 30, 2016 $13,450,000 October 31, 2016 $13,810,000 November 30, 2016 $14, 150,000 December 31, 2016 $14,500,000 January 31, 2017 $14,990,000 February 28, 2017 $15,510,000 March 31, 2017 $16,110,000 April 30, 2017 $16,630,000 May 31, 2017 $17, 190,000 June 30, 2017 $17,440,000 July 31, 2017 $18,380,000 Average Revenue levels for subsequent reporting periods will be set by Bank, acting reasonably and based upon the board approved, fully-funded operating plan to be provided by Borrowers pursuant to Section 6.2(viii).
Sample 1

Related to Average Monthly Revenue

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

  • Monthly Debt Service Payments Borrower shall pay to Lender (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Period and (b) on September 1, 2010, and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied first to accrued and unpaid interest and the balance to principal.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

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