Common use of Conditional Minimum Aggregate Revenue Clause in Contracts

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. Minimum LTM Aggregate Revenue as of the end of: 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 Q4 2022 and each Fiscal Quarter thereafter $40,000,000 -57- [Biolase] Credit Agreement #61304369

Appears in 1 contract

Samples: Credit Agreement (Biolase, Inc)

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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. Minimum LTM Aggregate Revenue as of the end of: 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 Q4 2022 20221 2023 and each Fiscal Quarter thereafter $40,000,000 -57- [Biolase] Credit Agreement #61304369$ 40,000,000

Appears in 1 contract

Samples: Credit Agreement (Biolase, Inc)

Conditional Minimum Aggregate Revenue. To the extent that the Consolidated Unencumbered Liquid Assets are less than $5,500,000 7,500,000 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. Minimum LTM Aggregate Revenue as of the end of: 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 Q4 2022 and each Fiscal Quarter thereafter $40,000,000 -57- [Biolase] Credit Agreement #6130436940,000,000

Appears in 1 contract

Samples: Credit Agreement (Biolase, Inc)

Conditional Minimum Aggregate Revenue. To the extent that the Consolidated Unencumbered Liquid Assets are less than $5,500,000 75,500,000 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. Minimum LTM Aggregate Revenue as of the end of: 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 Q4 2022 and each Fiscal Quarter thereafter $40,000,000 -57- - 56 - [Biolase] Credit Agreement #61304369

Appears in 1 contract

Samples: Credit Agreement (Biolase, Inc)

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Conditional Minimum Aggregate Revenue. To the extent that the Consolidated Unencumbered Liquid Assets are less than $5,500,000 15,000,000 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. [Biolase] Seventh Amendment #81632644 Minimum LTM Aggregate Revenue as of the end of: Three (3) month period ending Q1 2021 $5,000,000 Three (3) month period ending Q2 2021 $5,000,000 Three (3) month period ending Q3 2021 $9,000,000 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 Q4 2022 and each Fiscal Quarter thereafter $40,000,000 -57- [Biolase] Credit Agreement #6130436940,000,000

Appears in 1 contract

Samples: Credit Agreement (Biolase, Inc)

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. Minimum LTM Aggregate Revenue as of the end of: 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 Q4 2022 Q1 2023 and each Fiscal Quarter thereafter $40,000,000 -57- [Biolase] Credit Agreement #61304369$ 40,000,000

Appears in 1 contract

Samples: Credit Agreement (Biolase, Inc)

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