Common use of Minimum Collections Clause in Contracts

Minimum Collections. Receive collections, based upon a rolling three-month average and tested as of the last day of each month, of not less than: (i) $2,000,000.00, for each month from November 1, 2007 through March 31, 2008; (ii) $3,500,000.00, for each month from April 1, 2008 through June 30, 2008, and (iii) $4,500,000.00, for each month from July 31, 2008, and thereafter.”

Minimum Collections. Receive collections, based upon a rolling three-month average and tested as of the last day of each month, of not less than: (i) $2,000,000.00, for each month from November 1, 2007 through March 31, 2008; (ii) $3,500,000.00, for each month from April 1, 2008 through June 30, 2008, and (iii) $4,500,000.00, for each month from July 31, 2008, and thereafter.”” and inserting in lieu thereof the following: