Common use of Minimum Gross Revenue Clause in Contracts

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

Appears in 1 contract

Samples: Security Agreement (Leap Wireless International Inc)

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Minimum Gross Revenue. (a) The After the earlier to occur of (i) the last day of the first full calender quarter ending after the consummation of the ChaseTel Acquisition in accordance with Section 6.04 and (ii) September 30, 2000, the Borrower will not ---------------------- permit the consolidated revenue of the Borrower and the Subsidiary Loan Parties during any fiscal calendar quarter ending on a date set forth below to be less than the amount set forth below opposite such date: Fiscal Calendar Quarter Ending Amount --------------------- ----------------------- ------ December 31, 1999 $ 1,330,000 March 31, 2000 $ 2,300,000 June 30, 2000 $ 4,900,000 4,200,000 September 30, 2000 $ 6,300,000 8,200,000 December 31, 2000 $ 17,100,000 15,200,000 March 31, 2001 $ 25,000,000 22,000,000 June 30, 2001 $ 40,000,000 32,000,000 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 $250,000,00044,000,000

Appears in 1 contract

Samples: Credit Agreement (Leap Wireless International Inc)

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 with respect to 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 66 June 30, 2003 $220,000,000 September 30, 2003 $230,000,000 December 31, 2003 $250,000,000

Appears in 1 contract

Samples: Collateral Agency and Intercreditor Agreement (Leap Wireless International Inc)

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Minimum Gross Revenue. (a) The After the earlier to occur of (i) the last day of the first full calender quarter ending after the consummation of the ChaseTel Acquisition in accordance with Section 6.04 and (ii) September 30, 2000, the Borrower will not ---------------------- permit the consolidated revenue of the Borrower and the Subsidiary Loan Parties during any fiscal calendar quarter ending on a date set forth below to be less than the amount set forth below opposite such date: Fiscal Calendar Quarter Ending Amount --------------------- ------ ----------------------- ----------- December 31, 1999 $ 1,330,000 March 31, 2000 $ 2,300,000 3,100,000 June 30, 2000 $ 4,900,000 5,200,000 September 30, 2000 $ 6,300,000 8,100,000 December 31, 2000 $ 17,100,000 $21,000,000 March 31, 2001 $ 25,000,000 $31,200,000 June 30, 2001 $ 40,000,000 $44,700,000 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 $250,000,00065,900,000

Appears in 1 contract

Samples: Credit Agreement (Leap Wireless International Inc)

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