Common use of Minimum Core Bookings Clause in Contracts

Minimum Core Bookings. Not permit the sum of Core Bookings as of the last day of any Computation Period to be less than $10,000,000 for such Computation Period. For the purpose of calculating such Core Bookings, Core Bookings shall be reduced by the aggregate amount of any reversals and negative adjustments affecting Core Bookings in such Computation Period.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Qumu Corp), Term Loan Credit Agreement

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Minimum Core Bookings. Not Beginning with the Computation Period ending September 30, 2018, not permit the sum of Core Bookings as of the last day of any Computation Period to be less than $10,000,000 8,000,000 for such Computation Period. For the purpose of calculating such Core Bookings, Core Bookings shall be reduced by the aggregate amount of any reversals and negative adjustments affecting Core Bookings in such Computation Period.

Appears in 2 contracts

Samples: Term Loan Credit Agreement (Qumu Corp), Term Loan Credit Agreement

Minimum Core Bookings. Not permit the sum of Core Bookings as of the last day of any Computation Period to be less than $10,000,000 8,000,000 for such Computation Period. For the purpose of calculating such Core Bookings, Core Bookings shall be reduced by the aggregate amount of any reversals and negative adjustments affecting Core Bookings in such Computation Period.

Appears in 2 contracts

Samples: Credit Agreement (Qumu Corp), Term Loan Credit Agreement

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Minimum Core Bookings. Not permit the sum of Core Bookings as of the last day of any Computation Period to be less than (i) with respect to Computation Periods ending prior to June 30, 2018, $10,000,000 8,000,000 for such Computation Period, and (ii) with respect to Computation Periods ending on and after June 30, 2018, $10,000,000. For the purpose of calculating such Core Bookings, Core Bookings shall be reduced by the aggregate amount of any reversals and negative adjustments affecting Core Bookings in such Computation Period.

Appears in 2 contracts

Samples: Credit Agreement (Qumu Corp), Term Loan Credit Agreement

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