Minimum Aggregate Revenue. Not permit the Aggregate Revenue for the twelve (12) consecutive month period ending on the last Business Day of any Fiscal Quarter (designated by “Q” in the table below) to be less than the applicable amount set forth in the table below for such period.
Minimum Aggregate Revenue. Not permit the Aggregate Revenue for the twelve (12) consecutive month period ending on the last Business Day of any Fiscal Quarter (designated by “Q” in the table below) to be less than the applicable amount set forth on the table below for such period. Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 and each Fiscal Quarter thereafter $ 16.65 $ 17.75 $ 18.5 $ 19.5 $ 20.0 $ 21.0 $ 22.0 $ 23.0 $ 24.0
Minimum Aggregate Revenue. Not permit the Aggregate Revenue for the applicable period of measure ending on the last Business Day of any Fiscal Quarter set forth in the table below (designated by “Q” in the table below) to be less than the applicable amount set forth in the table below for such period of measure; provided that, Borrower shall be deemed to be in compliance with this Section 7.13.2 as it relates to any period of measure if, as of the last Business Day of such period of measure, Borrower maintains (i) an average Market Capitalization equal to or greater than $150,000,000 and (ii) Consolidated Unencumbered Liquid Assets equal to or greater than the aggregate Operating Burn for the two (2) Fiscal Quarters ending on such date of determination. Three (3) month period ending Q4 2021 $ 2,000,000 Six (6) month period ending Q1 2022 $ 4,100,000 Nine (9) month period ending Q2 2022 $ 7,000,000 Twelve (12) month period ending Q3 2022 $ 10,000,000 Twelve (12) month period ending Q4 2022 $ 12,500,000 Twelve (12) month period ending Q1 2023 $ 15,000,000 Twelve (12) month period ending Q2 2023 $ 18,000,000 Twelve (12) month period ending Q3 2023 and each Fiscal Quarter thereafter $ 20,000,000
Minimum Aggregate Revenue. Not permit the Aggregate Revenue for the twelve (12) consecutive month period ending on the last Business Day of any Fiscal Quarter (commencing with the Fiscal Quarter in which the Closing Date occurs) to be less than $50,000,000. For purposes of clarification, if Aggregate Revenue is calculated for a period that includes any period prior the consummation of the Merger, Aggregate Revenue will include, without duplication, the combined aggregate of Net Sales, Royalties and any other income or revenue recognized by Parent and/or its Subsidiaries, on one hand, and by Current Borrower and/or its Subsidiaries, on the other hand, for such period. Notwithstanding the foregoing, any failure of Borrower to satisfy the requirements set forth in this Section 7.13.2 shall not otherwise constitute an Event of Default so long as Borrower maintains Consolidated Unencumbered Liquid Assets of at least the greater of (i) $7,500,000 or (ii) an amount equal to four hundred percent (400%) of the Operational Burn for the prior Fiscal Quarter at all times until the Borrower is otherwise in compliance with this Section 7.13.2.
Minimum Aggregate Revenue. Minimum LTM Aggregate Revenue (in millions of Dollars) as of the end of:
Minimum Aggregate Revenue. Not permit the Aggregate Revenue for the consecutive month period ending on the last Business Day of any Fiscal Quarter set forth in the table below to be less than the applicable amount set forth in the table below for such period. For purposes of clarification, if Aggregate Revenue is calculated for a period that includes any period prior the consummation of the Merger, Aggregate Revenue will include, without duplication, the combined aggregate of Net Sales, Royalties and any other income or revenue recognized by Parent and/or its Subsidiaries, on one hand, and by Current Borrower and/or its Subsidiaries, on the other hand, for such period.”
Minimum Aggregate Revenue. Have at all times, to be tested as of the last Business Day of each fiscal quarter, Aggregate Revenue for the following periods of at least: Trailing 12-month period ending September 30, 2021 and each 12-month period ending on the last day of each fiscal quarter thereafter [***] For purposes of clarification, if Aggregate Revenue is calculated for a period that includes any period prior the consummation of the transactions contemplated in the Merger Agreement, Aggregate Revenue will include, without duplication, the combined aggregate of Covenant Net Sales, Covenant Royalties and any other income or revenue recognized by Parent and/or its Subsidiaries, on one hand, and by Solsys and/or its Subsidiaries, on the other hand, for such period.
Minimum Aggregate Revenue. Not permit the Aggregate Revenue for the consecutive month period ending on the last Business Day of any Fiscal Quarter set forth [Biolase] Fourth Amendment #73333481 in the table below (designated by “Q” in the table below) 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:
Minimum Aggregate Revenue. Not permit the Aggregate Revenue for the twelve (12) month period ending on the last Business Day of any Fiscal Quarter set forth in the table below (designated by “Q” in the table below) to be less than the applicable amount set forth in the table below for such twelve (12) month period. Q1 2024 and each Fiscal Quarter thereafter $ 20,000,000 ; provided that, Borrower shall be deemed to be in compliance with this Section 7.13.2 as it relates to any period of measure if, as of the applicable date of determination, Borrower has Consolidated Unencumbered Liquid Assets greater than either (i) the outstanding principal balance of the Loan, or (ii) the aggregate Operating Burn for the twelve (12) month period ending on such date of determination.
Minimum Aggregate Revenue. Have at all times, to be tested as of the last Business Day of each fiscal quarter, Aggregate Revenue for the following periods of at least: Trailing 9-month period ending March 31, 2020 [***] Trailing 12-month period ending June 30, 2020 [***] Trailing 12-month period ending September 30, 2020 [***] Trailing 12-month period ending December 31, 2020 [***] Trailing 12-month period ending March 31, 2021 [***] Trailing 12-month period ending June 30, 2021 [***] Trailing 12-month period ending September 30, 2021 and each 12-month period ending on the last day of each fiscal quarter thereafter [***] For purposes of clarification, if Aggregate Revenue is calculated for a period that includes any period prior the consummation of the transactions contemplated in the Merger Agreement, Aggregate Revenue will include, without duplication, the combined aggregate of Covenant Net Sales, Covenant Royalties and any other income or revenue recognized by Parent and/or its Subsidiaries, on one hand, and by Solsys and/or its Subsidiaries, on the other hand, for such period.
