Free Cash Flow. To be tested as of the last day of each calendar quarter, on a consolidated basis with respect to Borrower and its Subsidiaries, Free Cash Flow for the following periods of at least (i) ($9,000,000.00) for the three (3) month period ending Xxxxx 00, 0000, (xx) ($11,000,000.00) for the six (6) month period ending June 30, 2016, (iii) ($12,000,000.00) for the nine (9) month period ending September 30, 2016, (iv) ($4,000,000.00) for the twelve (12) month period ending December 31, 2016, (v) ($4,000,000.00) for the twelve (12) month period ending March 31, 2017, (vi) ($6,500,000.00) for the twelve (12) month period ending June 30, 2017, (vii) ($8,000,000.00) for the twelve (12) month period ending September 30, 2017 (viii) ($2,000,000.00) for the twelve (12) month period ending December 31, 2017 and (ix) ($1,000,000.00) for the twelve (12) month period ending March 31, 2018.
Appears in 2 contracts
Samples: Loan and Security Agreement (Basis Global Technologies, Inc.), Loan and Security Agreement (Basis Global Technologies, Inc.)
Free Cash Flow. To be tested as of the last day of each calendar quarter, on a consolidated basis with respect to Borrower and its Subsidiaries, Free Cash Flow for the following periods of at least (i) ($9,000,000.00) for the three (3) month period ending Xxxxx 00, 0000, (xx) ($11,000,000.00) for the six (6) month period ending June 30, 2016, (iii) ($12,000,000.00) for the nine (9) month period ending September 30, 2016, (iv) ($4,000,000.00) for the twelve (12) month period ending December 31, 2016, (v) ($4,000,000.003,000,000.00) for the twelve (12) month period ending March 31, 2017, (vi) ($6,500,000.00500,000.00) for the twelve (12) month period ending June 30, 2017, (vii) ($8,000,000.001,000,000.00) for the twelve (12) month period ending September 30, 2017 and (viii) ($2,000,000.00) 2,500,000.00 for the twelve (12) month period ending December 31, 2017 and (ix) ($1,000,000.00) for the twelve (12) month period ending March 31, 2018on the last day of each calendar quarter thereafter.
Appears in 1 contract
Samples: Loan and Security Agreement (Basis Global Technologies, Inc.)
Free Cash Flow. To be tested as of the last day of each calendar quarter, on a consolidated basis with respect to Borrower and its Subsidiaries, Free Cash Flow for the following periods of at least (i) ($9,000,000.00) for the three (3) month period ending Xxxxx 00, 0000, (xx) ($11,000,000.00) for the six (6) month period ending June 30, 2016, (iii) ($12,000,000.00) for the nine (9) month period ending September 30, 2016, (iv) ($4,000,000.00) for the twelve (12) month period ending December 31, 2016, (v) ($4,000,000.003,000,000.00) for the twelve (12) month period ending March 31, 201731,2017, (vi) ($6,500,000.00500,000.00) for the twelve (12) month period ending June 30, 201730,2017, (vii) ($8,000,000.001,000,000.00) for the twelve (12) month period ending September 30, 2017 and (viii) ($2,000,000.00) 2,500,000.00 for the twelve (12) month period ending December 31, 2017 and (ix) ($1,000,000.00) for the twelve (12) month period ending March 31, 2018on the last day of each calendar quarter thereafter.
Appears in 1 contract
Samples: Loan and Security Agreement (Basis Global Technologies, Inc.)