Borrowing Milestone. Borrower shall have achieved minimum Revenue from the sale of the Product of at least $15,000,000 during any consecutive twelve (12) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than March 31, 2016.”
Borrowing Milestone. Borrower shall have achieved minimum Revenue of at least $12,000,000 during any consecutive twelve (12) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than March 31, 2017. For the avoidance of doubt, the conditions of this Section 6.03(c) and Section 6.02(c) may be satisfied with the same twelve (12) month period.
Borrowing Milestone. Administrative Agent shall have received evidence in form and substance reasonably satisfactory to Administrative Agent demonstrating that consolidated Revenues for Borrower and its Subsidiaries for any three (3) consecutive month period ending after the Closing Date but on or prior to December 31, 2021 were greater than or equal to $15,000,000.
Borrowing Milestone. Either (i) a Qualifying IPO has occurred, or (ii) Borrower shall have achieved minimum Revenue from the sale of the Product of at least $25,000,000 during any consecutive twelve (12) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than March 31, 2016.
Borrowing Milestone. The Obligors shall have achieved (i) Revenue from the sale of the Product of at least $18,000,000 during any consecutive three (3) month period after the date hereof or (ii) an Average Market Capitalization of at least $700,000,000 for any consecutive three (3) month period after the date hereof; provided, however, in each case, that the applicable consecutive three (3) month period ends on or prior to June 30, 2017.
Borrowing Milestone. On or prior to December 31, 2016, Borrower shall have consummated a Qualified Financing resulting in net cash proceeds to Borrower of at least $5,000,000 (the “Second Draw Milestone”).
Borrowing Milestone. Borrower shall have achieved minimum Revenue of (i) at least $4,000,000 during any consecutive three (3) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than December 31, 2015, or (ii) if Borrower fails to meet the minimum Revenue during the time period set forth in Section 6.02(c)(i), at least $7,000,000 during any consecutive three (3) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than June 30, 2016. For the avoidance of doubt, the conditions of this Section 6.02(c)(ii) and Section 6.03(c) may be satisfied with the same three (3) month period.
Borrowing Milestone. The Second Draw Milestone shall have occurred.
Borrowing Milestone. Borrower shall have achieved, by a date not later than March 31, 2015, Revenue of not less than $40,000,000 (the “Borrowing Milestone”) during the twelve-month period prior to such date.
Borrowing Milestone. Borrower shall have achieved the LOGICS Positive Data Milestone.
