Minimum Gross Profit Margin Sample Clauses

Minimum Gross Profit Margin. Cumulative revenue for any particular period that is counted for purposes of calculating a Benchmark-related payment shall have a minimum Gross Profit Margin of Sixty Five Percent (65%). Gross Profit Margin is calculated by subtracting the cost of goods from the revenue being booked (pursuant to GAAP); provided, however, that no overhead charges or allocations shall be included in such calculation except for the amortized portion of any Message Logic software development costs (pursuant to GAAP). If the Gross Profit Margin is less than Sixty Five Percent (65%), then the Benchmark-related payment (i.e., both cash and shares) for the period in question shall be reduced as follows: Gross Profit Margin Percentage Reduction in Cash and Shares 65% 0% 60% to 64.99% 5% 55% to 59.99% 10% 50% to 54.99% 15% 45% to 49.99% 20% 40% to 44.99% 25% Less than 40% 100%
Sample 1Sample 2
AutoNDA by SimpleDocs
Minimum Gross Profit Margin. Supplier and Distributor agree that Distributor’s gross profit margin on the sale of all Products must be set to meet the cost associated with that individual state. Margin will be reviewed on a blended basis for all Products, and Supplier will price and support the Products accordingly. Supplier acknowledges that Distributor is legally required to independently set its own prices for the sale of the Products under state and federal antitrust laws.
Sample 1
Minimum Gross Profit Margin. A Gross Profit Margin of not less than the below indicated percentages during the corresponding below indicated fiscal quarters periods: ------------------------------------------------------- PERIOD GROSS PROFIT MARGIN ------------------------------------------------------- 12/31/01 thru 9/30/02 44% ------------------------------------------------------- 10/1/02 thru 3/31/03 42% ------------------------------------------------------- 4/1/03 thru 12/31/03 40% ------------------------------------------------------- 1/1/04 thru 12/31/04 38% ------------------------------------------------------- As of and After 37% 1/1/05 -------------------------------------------------------
Sample 1
Minimum Gross Profit Margin. Gross Profit Margin for the fiscal quarter then ended of at least the following:
Sample 1
Minimum Gross Profit Margin. Prior to the Line Effective Date, a Gross Profit Margin of not less than 36.0% during any two consecutive fiscal quarters beginning with fiscal quarter ending December 31, 2000 and continuing through fiscal quarter ending December 31, 2001, and as of and after the Line Effective Date, a Gross Profit Margin of not less than 37.5% during any two consecutive fiscal quarters beginning with fiscal quarter ending December 31, 2000 and continuing through fiscal quarter ending December 31, 2001.
Sample 1
Minimum Gross Profit Margin. Gross Profit Margin (as defined and calculated in accordance with GAAP) of AT LEAST the following percentages during each of the following months (WHICH covenant shall be measured as of the last day of each month and shall be reported monthly under Section 4.2.1): ----------------------------------------------------- PERIOD PERCENTAGE ----------------------------------------------------- January 2002 46% ----------------------------------------------------- February 2002 46% ----------------------------------------------------- March 2002 47% ----------------------------------------------------- April 2002 47% ----------------------------------------------------- May 2002 49% ----------------------------------------------------- June 2002 49% ----------------------------------------------------- July 2002 50% ----------------------------------------------------- August 2002 50% ----------------------------------------------------- September 2002 51% ----------------------------------------------------- October 2002 51% ----------------------------------------------------- November 2002 52% ----------------------------------------------------- December 2002 53% ----------------------------------------------------- January 2003 53% ----------------------------------------------------- February 2003 54% -----------------------------------------------------
Sample 1
Minimum Gross Profit Margin. Permit Gross Profit Margin to be less than the percentage hereinbelow specified as of the last day of each month:
Sample 1
AutoNDA by SimpleDocs

Related to Minimum Gross Profit Margin

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Gross Margin 13 Independent...................................................................................13

  • Minimum Net Income The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) "

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • 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

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

Time is Money Join Law Insider Premium to draft better contracts faster.