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 ------------------------------------------------------------- (b) The Borrower will not permit the consolidated revenue of the Borrower and the Subsidiary Loan Parties during any fiscal year ending on a date set forth below to be less than the amount set forth below opposite such date: Fiscal Year Ending Amount ------------------ ------ December 31, 2004 $1,060,000,000 December 31, 2005 $1,160,000,000 December 31, 2006 and thereafter $1,260,000,000
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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 (b) The Borrower will not permit the consolidated revenue of the Borrower and the Subsidiary Loan Parties during any fiscal year ending on a date set forth below to be less than the amount set forth below opposite such date: Fiscal Year Ending Amount ------------------ ------ December 31, 2004 $ 1,100,000,000 December 31, 2005 $ 1,200,000,000 December 31, 2006 and thereafter $ 1,300,000,000
Sample 1See All (4)
Minimum Gross Revenue. Borrower’s quarterly Gross Revenue, measured as of the last day of each calendar quarter on a non-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 quarter during such year, and, unless such budget is unsatisfactory to Bank, the minimum quarterly Gross Revenue for a particular quarter during such year shall be 80% of the forecasted Gross Revenue for such quarter. If such budget is unsatisfactory to Bank, then Bank and Borrower agree to discuss alternate levels. It shall be a violation by Borrower or this Section 6.7(a) if, following a reasonable period of discussion, Bank and Borrower fail to agree to minimum quarterly 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 quarterly Gross Revenue levels shall be incorporated into this Agreement through an amendment, which Bank and Borrower agree to execute promptly. March 31, 2016 $ [*** ] June 30, 2016 $ [*** ] September 30, 2016 $ [*** ] December 31, 2016 $ [*** ]
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. 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
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. 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. 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

Related to Minimum Gross Revenue

  • Gross Revenue The Gross Revenue shall be inclusive of installation charges, late fees, sale proceeds of handsets (or any other terminal equipment etc.), revenue on account of interest, dividend, value added services, supplementary services, access or interconnection charges, roaming charges, revenue from permissible sharing of infrastructure and any other miscellaneous revenue, without any set-off for related item of expense, etc.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • 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 If as of the last day of any calendar month within a fiscal quarter of the Seller, the Seller’s consolidated Adjusted Tangible Net Worth is less than [***] or the Seller, on a consolidated basis, has cash and Cash Equivalents in an amount that is less than [***], in either case, the Seller’s consolidated Net Income for that fiscal quarter before income taxes for such fiscal quarter shall equal or exceed [***].

  • 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 Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • 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) $265,000,000 plus (ii) fifty percent (50%) of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31, 1997 (without deduction for losses).

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

  • Minimum Cash As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.

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