Common use of Covenant Requirement Actual Compliance Clause in Contracts

Covenant Requirement Actual Compliance. Minimum Revenues (trailing six months) Trailing 6-month period ending 10/31/2018 11/30/2018 12/31/2018 [Thereafter, at least 80% of projections] Minimum trailing 6 months revenue ([***]% of plan) $[_______] $[_______] $[_______] [__%] Yes No [$_________] [$________] Liquidity Ratio* for Prior [***] Months [***] ________:1.00 Yes No

Covenant Requirement Actual Compliance. Minimum Revenues (trailing six three months) Trailing 6trailing 3-month revenue period ending 10/31/2018 11/30/2018 12/31/2018 [Thereafter, at least 80% of projections] Minimum trailing 6 3 months revenue ([***]% of plan) 5/31/2019 6/30/2019 7/31/2019 $[_______] $[_______] $[_______] [__%] Yes No [Thereafter, at least [***]% of projections] [$_________] [$________] Liquidity Ratio* for Prior [***] Months [***] ________:1.00 Yes No]