Common use of Minimum Cash Velocity Clause in Contracts

Minimum Cash Velocity. For each Test Period, measured as of the last day of each calendar month ending after March 31, 2010, Collections of Accounts of Borrowers collectively shall not be less than 87.5% of Borrowers’ net revenue for the Revenue Period less the bad debt expense recognized on the income statement for such Revenue Period. For purposes of the covenants set forth in this Annex I, the terms listed below shall have the following meanings:

Minimum Cash Velocity. For each Test Period, measured as of the last day of each calendar month ending on or after March December 31, 20102012, Collections of Accounts of Borrowers collectively shall not be less than 87.5% the Cash Velocity Percentage of Borrowers’ net revenue for the Revenue Period less the bad debt expense recognized on the income statement for such Revenue Period. For purposes of . (b) adding the covenants following definition to the definitions set forth in this such Annex I, in the terms listed below shall have the following meaningsappropriate alphabetical order: