Conditional Minimum Aggregate Revenue Sample Clauses
The Conditional Minimum Aggregate Revenue clause sets a baseline amount of revenue that must be achieved, but only if certain specified conditions are met. In practice, this means that the obligation to reach a minimum revenue target is triggered by events such as regulatory approvals, market launches, or other defined milestones. For example, if a product receives government approval, the minimum revenue requirement becomes enforceable; otherwise, it may not apply. This clause ensures that parties are only held to revenue commitments when key conditions are satisfied, thereby balancing risk and providing flexibility in uncertain or evolving business environments.
Conditional Minimum Aggregate Revenue. To the extent that the Consolidated Unencumbered Liquid Assets are less than $5,500,000 as of the last day of any Fiscal Quarter set forth in the table below (designated by “Q” in the table below), not permit Aggregate Revenue for the consecutive month period ending on the last Business Day of such Fiscal Quarter to be less than the applicable amount set forth in the table below for such period. Six (6) month period ending Q4 2021 $ 19,000,000 Nine (9) month period ending Q1 2022 $ 30,000,000 Twelve (12) month period ending Q2 2022 $ 37,000,000 Twelve (12) month period ending Q3 2022 $ 38,000,000 Twelve (12) month period ending Q1 2023 and each Fiscal Quarter thereafter $ 40,000,000
Conditional Minimum Aggregate Revenue. To the extent that the Consolidated Unencumbered Liquid Assets are less than $5,500,000 as of the last day of any Fiscal Quarter set forth in the table below (designated by “Q” in the table below), not permit Aggregate Revenue for the consecutive month period ending on the last Business Day of such Fiscal Quarter to be less than the applicable amount set forth in the table below for such period. -57- [Biolase] Credit Agreement #61304369