Minimum Gross Revenue Sample Clauses

Minimum Gross Revenue. (a) The Borrower will not permit the consolidated revenue of the Borrower and the Subsidiary Loan Parties during any fiscal quarter ending on a date set forth below to be less than the amount set forth below opposite such date: ------------------------------------------------------------- Fiscal Quarter Ending Amount ------------------------------------------------------------- December 31, 1999 $ 1,330,000 ------------------------------------------------------------- March 31, 2000 $ 2,300,000 ------------------------------------------------------------- June 30, 2000 $ 4,900,000 ------------------------------------------------------------- September 30, 2000 $ 6,300,000 ------------------------------------------------------------- December 31, 2000 $ 17,100,000 ------------------------------------------------------------- March 31, 2001 $ 25,000,000 ------------------------------------------------------------- June 30, 2001 $ 40,000,000 ------------------------------------------------------------- September 30, 2001 $ 60,000,000 ------------------------------------------------------------- December 31, 2001 $100,000,000 ------------------------------------------------------------- March 31, 2002 $120,000,000 ------------------------------------------------------------- June 30, 2002 $140,000,000 ------------------------------------------------------------- September 30, 2002 $160,000,000 ------------------------------------------------------------- December 31, 2002 $180,000,000 ------------------------------------------------------------- March 31, 2003 $195,000,000 ------------------------------------------------------------- June 30, 2003 $210,000,000 ------------------------------------------------------------- September 30, 2003 $220,000,000 ------------------------------------------------------------- December 31, 2003 $240,000,000 -------------------------------------------------------------
Sample 1See All (4)
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Minimum Gross Revenue. (a) The Borrower will not ---------------------- permit the consolidated revenue of the Borrower and the Subsidiary Loan Parties during any fiscal quarter ending on a date set forth below to be less than the amount set forth below opposite such date: Fiscal Quarter Ending Amount --------------------- ------ December 31, 1999 $ 1,330,000 March 31, 2000 $ 2,300,000 June 30, 2000 $ 4,900,000 September 30, 2000 $ 6,300,000 December 31, 2000 $ 17,100,000 March 31, 2001 $ 25,000,000 June 30, 2001 $ 40,000,000 September 30, 2001 $ 70,000,000 December 31, 2001 $120,000,000 March 31, 2002 $130,000,000 June 30, 2002 $150,000,000 September 30, 2002 $170,000,000 December 31, 2002 $190,000,000 March 31, 2003 $205,000,000 June 30, 2003 $220,000,000 September 30, 2003 $230,000,000 December 31, 2003 $250,000,000
Sample 1See All (4)
Minimum Gross Revenue. Borrower’ s monthly Gross Revenue, measured as of the last day of each calendar month on a trailing-three-month no n-cumulative basis , shall be not less than the levels set forth in the table immediately below. Bank and Borrower hereby agree that, on or before February 15 of each year during the term of this Agreement, Borrower shall provide Bank with a board-approved budget for such year containing a forecast of Gross Revenue for each calendar month during such year, and, unless such budget is unsatisfactory to Bank, the minimum monthly Gross Revenue for a particular month during such year shall be 80% of the forecasted Gross Revenue for such month. If such budget is unsatisfactory to Bank, then Bank and Borrower agree to discuss alternate levels. It shall be a violation by Borrower of this Section 6.7(a) if, following a reasonable period of discussion, Bank and Borrower fail to agree to minimum monthly Gross Revenue covenant levels for such year. Both parties shall act in a commercially reasonable manner in the process of establishing and discussing the setting of covenant levels. Once agreed, the minimum monthly Gross Revenue levels shall be incorporated into this Agreement through an amendment, which Bank and Borrower agree to execute promptly. Reporting Period Endine Minimum Gross Revenue February 28, 2017 $ [*** ] March 31, 2017 $ [*** ] April 30, 2017 $ [*** ] May 31, 2017 $ [*** ] June 30, 2017 $ [*** ] July 31, 2017 $ [*** ] August 31, 2017 $ [*** ] September 30, 2017 $ [*** ] October 31, 2017 $ [*** ] November 30, 2017 $ [*** ] December 31, 2017 $ [*** ]
Sample 1
Minimum Gross Revenue. Holdings will not permit the consolidated revenue of Holdings, the Borrower and the Restricted Subsidiaries (determined on a consolidated basis in accordance with GAAP) for any period of four consecutive fiscal quarters ending during any period set forth below to be less than the amount set forth below opposite such period on the table set forth below: PERIOD RATIO ------ ----- January 1, 2002 to and including March 31, 2002 $145,000,000 April 1, 2002 to and including June 30, 2002 $162,000,000 July 1, 2002 to and including September 30, 2002 $181,000,000 October 1, 2002 to and including December 31, 2002 $201,000,000 January 1, 2003 to and including March 31, 2003 $232,000,000 April 1, 2003 to and including June 30, 2003 $266,000,000 July 1, 2003 to and including September 30, 2003 $302,000,000 October 1, 2003 to and including December 31, 2003 $340,000,000 January 1, 2004 to and including March 31, 2004 $369,000,000 April 1, 2004 to and including June 30, 2004 $401,000,000 113 PERIOD RATIO ------ ----- July 1, 2004 to and including September 30, 2004 $440,000,000 October 1, 2004 to and including December 31, 2004 $476,000,000
Sample 1
Minimum Gross Revenue. Neither Holdings nor the Borrower will permit the Gross Revenue of Holdings and its Consolidated Subsidiaries (including, without limitation, the Borrower) for any of the calendar quarters set forth on Schedule 10.8 to be less than the amount set forth opposite such quarter on such Schedule.
Sample 1
Minimum Gross Revenue. For each three-month period during the term hereof (on a rolling three-month basis), Licensee must generate at least 2,500,000 Japanese Yen in gross revenue (the "Minimum Gross Revenue") from operation of the System.
Sample 1
Minimum Gross Revenue. 113 SECTION 6.23. MINIMUM LIQUIDITY................................................................................114 SECTION 6.24. ON-NETWORK PORTS.................................................................................114 SECTION 6.25. FISCAL YEAR OF HOLDINGS..........................................................................115 SECTION 6.26. AGGREGATE AMOUNT OF LOANS........................................................................115 SECTION 6.27.
Sample 1
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Minimum Gross Revenue. Sellers' Average Gross Revenue in respect of the Business for the three-month period ended September 30, 1999 shall be not less than Sellers' Average Gross Revenue for the three-month period ended March 31, 1999.
Sample 1

Related to Minimum Gross Revenue

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

  • Gross Revenues All revenues, receipts, and income of any kind derived directly or indirectly by Lessee from or in connection with the Hotel (including rentals or other payments from tenants, lessees, licensees or concessionaires but not including their gross receipts) whether on a cash basis or credit, paid or collected, determined in accordance with generally accepted accounting principles, excluding, however: (i) funds furnished by Lessor, (ii) federal, state and municipal excise, sales, and use taxes collected directly from patrons and guests or as a part of the sales price of any goods, services or displays, such as gross receipts, admissions, cabaret or similar or equivalent taxes and paid over to federal, state or municipal governments, (iii) the amount of all credits, rebates or refunds to customers, guests or patrons, and all service charges, finance charges, interest and discounts attributable to charge accounts and credit cards, to the extent the same are paid to Lessee by its customers, guests or patrons, or to the extent the same are paid for by Lessee to, or charged to Lessee by, credit card companies, (iv) gratuities or service charges actually paid to employees, (v) proceeds of insurance and condemnation, (vi) proceeds from sales other than sales in the ordinary course of business, (vii) all loan proceeds from financing or refinancings of the Hotel or interests therein or components thereof, (viii) judgments and awards, except any portion thereof arising from normal business operations of the Hotel, and (ix) items constituting “allowances” under the Uniform System.

  • 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) "

  • 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.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • 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

  • Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:

  • Minimum Net Worth The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $176,177,600 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending September 30, 2000 (without deduction for losses) plus (iii) the amount of any addition to the consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.

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

  • Minimum Cash A. Minimum daily balance of cash and Permitted Cash Equivalent Investments of Borrower and its Subsidiaries during the most recently ended fiscal quarter of Borrower: $

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