Minimum Consolidated Revenues Sample Clauses

Minimum Consolidated Revenues. Permit Consolidated Revenues, for any fiscal quarter of the Borrower, to be less than (i) $20,000,000, for any fiscal quarter ending during the period from the Closing Date through and including June 30, 2015, (ii) $17,000,000, for any fiscal quarter ending during the period from July 1, 2015 through and including Xxxxxxxx 00, 0000, (xxx) $15,300,000, for the fiscal quarter ending March 31, 2016, (iv) $17,200,000, for the fiscal quarter ending June 30, 2016, (v) $18,200,000, for the fiscal quarter ending September 30, 2016, (vi) $19,700,000, for the fiscal quarter ending December 31, 2016, (vii) $18,400,000, for the fiscal quarter ending March 31, 2017, (viii) $20,900,000, for the fiscal quarter ending June 30, 2017, (ix) $22,800,000, for the fiscal quarter ending September 30, 2017, (x) $24,200,000, for the fiscal quarter ending December 31, 2017 and (xi) $25,000,000, for any fiscal quarter ending thereafter.
Sample 1
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Minimum Consolidated Revenues. Permit the Consolidated Revenues for each fiscal quarter of the Parent to be less than the corresponding amount set forth below opposite such fiscal quarter: Fiscal Quarter Ending Minimum Consolidated Revenues March 31, 2012 and June 30, 2012 $ 12,000,000 September 30, 2012 and December 31, 2012 $ 13,000,000 March 31, 2013 and each fiscal quarter ending thereafter $ 14,000,000
Sample 1
Minimum Consolidated Revenues. Borrower shall maintain minimum Consolidated Revenues on a rolling three-month basis (the first such three-month period being 10/1/03 - 12/31/03), measured by the Bank each month commencing on December 31, 2003, in the following amounts: (i) $18,000,000.00 for each month through June 30, 2004; and (ii) $18,500,000.00 for each month thereafter. For purposes of this covenant, "Consolidated Revenues" shall mean the revenues of Borrower and its subsidiaries as reported to the Bank on a consolidated basis in Borrower's monthly financial statements."
Sample 1
Minimum Consolidated Revenues. Permit Consolidated Revenues, for any fiscal quarter of the Borrower, to be less than (a) $20,000,000, for any fiscal quarter ending during the period from the Closing Date through and including June 30, 2015, (b) $22,000,000, for any fiscal quarter ending during the period from July 1, 2015 through and including December 31, 2015, and (c) $25,000,000, for any fiscal quarter ending thereafter.
Sample 1
Minimum Consolidated Revenues. The Consolidated Revenues of Borrower and its Subsidiaries for each successive fiscal period of three (3) consecutive calendar months ending on the last day of each of each calendar month, beginning November 30, 2002, shall not be less than ninety percent (90%) of the projections of such Consolidated Revenues for each such fiscal period that have been approved by Borrower's Board of Directors and delivered to Bank by a Responsible Officer of Borrower prior to the Closing Date.
Sample 1
Minimum Consolidated Revenues. Permit Consolidated Revenues to be less than (i) $105,000,000 with respect to the fiscal quarter of Premiere ending December 31, 1998, (ii) $111,000,000 with respect to the fiscal quarter of Premiere ending Xxxxx 00, 0000, (xxx) $117,000,000 with respect to the fiscal quarter of Premiere ending June 30, 1999, and (iv) $125,000,000 with respect to the fiscal quarter of Premiere ending September 30, 1999.
Sample 1
Minimum Consolidated Revenues. Permit the Consolidated Revenues for each fiscal quarter of the Parent to be less than the corresponding amount set forth below opposite such fiscal quarter: December 31, 2013 $ 16,000,000 March 31, 2014, June 30, 2014, September 30, 2014, December 31, 2014 and March 31, 2015 $ 15,000,000 June 30, 2015 and each fiscal quarter ending thereafter $ 16,000,000 (h) The penultimate paragraph in Section 8.03 of the Credit Agreement is hereby amended to add the following sentence at the end of such paragraph to read as follows: Excluded Swap Obligations with respect to any Guarantor shall not be paid with amounts received from such Guarantor or such Guarantor’s assets, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Obligations otherwise set forth above in this Section. (i) A new Section 10.20 is hereby added to the Credit Agreement immediately following Section 10.19 of the Credit Agreement to read as follows:
Sample 1
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Minimum Consolidated Revenues. Borrower shall maintain minimum Consolidated Revenues on a rolling three-month basis (the first such three-month period being 10/1/03—12/31/03), measured by the Bank each month commencing on December 31, 2003, in the following amounts: (i) $16,500,000.00 for the period commencing on February 29, 2004 through June 30, 2004; and (ii) $18,500,000.00 for each three-month period thereafter through the Maturity Date. For purposes of this covenant, “Consolidated Revenues” shall mean the revenues of Borrower and its subsidiaries as reported to the Bank on a consolidated basis in Borrower’s monthly financial statements.”
Sample 1
Minimum Consolidated Revenues. Borrower shall not permit its consolidated revenues in any period set forth below to be less than the amount set forth opposite such period below: April 1, 2012 through June 30, 2012 $ 315,000 July 1, 2012 through September 30, 2012 $ 520,000 October 1, 2012 through December 31, 2012 $ 950,000 January 1, 2013 through March 31, 2013 $ 1,300,000 April 1, 2013 through June 30, 2013 $ 1,800,000 July 1, 2013 through September 30, 2013 $ 2,500,000 October 1, 2013 through December 31, 2013 $ 3,300,000 January 1, 2014 through March 31, 2014 $ 4,200,000 April 1, 2014 through June 30, 2014 $ 6,500,000 July 1, 2014 through September 30, 2014 $ 8,000,000 October 1, 2014 through December 31, 2014 $ 9,500,000 January 1, 2015 through March 31, 2015 $ 10,000,000 April 1, 2015 through June 30, 2015 $ 10,000,000 July 1, 2015 through September 30, 2015 $ 10,000,000 October 1, 2015 through December 31, 2015 $ 10,000,000 January 1, 2016 through March 31, 2016 $ 10,000,000 April 1, 2016 through June 30, 2016 $ 10,000,000 July 1, 2016 through September 30, 2016 $ 10,000,000 October 1, 2016 through December 31, 2016 $ 10,000,000 January 1, 2017 through Due Date $ 10,000,000
Sample 1

Related to Minimum Consolidated Revenues

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Minimum Consolidated Tangible Net Worth Borrower shall not permit Consolidated Tangible Net Worth to be less than $600,000,000 plus eighty-five percent (85%) of the Net Proceeds of any Equity Issuance received after the Agreement Execution Date.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Consolidated Excess Cash Flow Subject to Section 2.14(g), if there shall be Consolidated Excess Cash Flow for any Fiscal Year beginning with the Fiscal Year ending December 31, 2018, the Borrowers shall, within ten Business Days of the date on which the Borrowers are required to deliver the financial statements of Holdings and its Restricted Subsidiaries pursuant to Section 5.1(b), prepay the Loans and/or certain other Obligations as set forth in Section 2.15(b) in an aggregate amount equal to (i) 50% of such Consolidated Excess Cash Flow minus (ii) voluntary prepayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)); provided, if, as of the last day of the most recently ended Fiscal Year, the Consolidated Total Net Leverage Ratio (determined for such Fiscal Year by reference to the Compliance Certificate delivered pursuant to Section 5.1(c) calculating the Consolidated Total Net Leverage Ratio as of the last day of such Fiscal Year) shall be (A) less than or equal to 4.50:1.00 but greater than 4.00:1.00, the Borrowers shall only be required to make the prepayments and/or reductions otherwise required hereby in an amount equal to (1) 25% of such Consolidated Excess Cash Flow minus (2) voluntary repayments of the Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) made during such Fiscal Year (excluding repayments of revolving First Lien or Refinanced Debt (as defined in the First Lien Credit Agreement) except to the extent the applicable revolving credit commitments are permanently reduced in connection with such repayments) paid from Internally Generated Cash (provided that such reduction as a result of prepayments made pursuant to Section 10.6(k) shall be limited to the actual amount of cash used to prepay principal of Term Loans, First Lien Loans or Refinanced Debt (as defined in the First Lien Credit Agreement) (as opposed to the face amount thereof)) and (B) less than or equal to 4.00:1.00, the Borrowers shall not be required to make the prepayments and/or reductions otherwise required by this Section 2.14(e).

  • Consolidated Capital Expenditures (i) Company will not, and will not permit any of its Subsidiaries to, make or commit to make Consolidated Capital Expenditures in any Fiscal Year, beginning with the Fiscal Year ending December 31, 2003, except Consolidated Capital Expenditures which do not aggregate in excess of the corresponding amount set forth below opposite such Fiscal Year: Fiscal Year ending December 31, 2003 $ 5,000,000 Fiscal Year ending December 31, 2004 $ 5,000,000 Fiscal Year ending December 31, 2005 and each Fiscal Year thereafter $ 7,000,000 provided that (a) if the aggregate amount of Consolidated Capital Expenditures actually made in any such Fiscal Year shall be less than the limit with respect thereto set forth above (before giving effect to any increase therein pursuant to this proviso) (the “Base Amount”), then the amount of such shortfall (up to an amount equal to 50% of the Base Amount for such Fiscal Year, without giving effect to this proviso) may be added to the amount of such Consolidated Capital Expenditures permitted for the immediately succeeding Fiscal Year and any such amount carried forward to a succeeding Fiscal Year shall be deemed to be used prior to Company and its Subsidiaries using the amount of capital expenditures permitted by this section in such succeeding Fiscal Year, without giving effect to such carryforward and (b) for any Fiscal Year (or portion thereof) following any acquisition of a business (whether through the purchase of assets or of shares of capital stock) permitted under subsection 6.7, the Base Amount for such Fiscal Year (or portion) shall be increased, for each such acquisition, by an amount equal to the product of (A) the lesser of (x) $5,000,000 and (y) 4% of revenues of the business acquired in such acquisition for the period of four Fiscal Quarters most recently ended on or prior to the date of such business acquisition multiplied by (B) (x) in the case of any partial Fiscal Year, a fraction, the numerator of which is the number of days remaining in such Fiscal Year after the date of such business acquisition and the denominator of which is 365 (or 366 in a leap year), and (y) in the case of any full Fiscal Year, 1. (ii) The parties acknowledge and agree that the permitted Consolidated Capital Expenditure level set forth in clause (i) above shall be exclusive of the amount of Consolidated Capital Expenditures actually made with the proceeds of a cash capital contribution to Company (including the proceeds of issuance of equity securities) made by Parent from the issuance by Parent of its equity Securities after the Closing Date and specifically identified in a certificate delivered by an Authorized Officer of Company to Administrative Agent on or about the time such capital contribution is made; provided that, to the extent any such cash capital contributions constitute Net Securities Proceeds after the Closing Date, only that portion of such Net Securities Proceeds which is not required to be applied as a prepayment pursuant to Section 2.4B(ii)(c) (or pursuant to the First Lien Credit Agreement) may be used for Consolidated Capital Expenditures pursuant to this clause (ii).

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

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