Common use of Free Cash Flow Clause in Contracts

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.)

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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.)

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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.)

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