MINIMUM GROSS SALES Sample Clauses

MINIMUM GROSS SALES. The Company shall not permit the Gross Sales as of the end of any fiscal period set forth below to be less than the applicable amount set forth below: Fiscal Period(s) ending on or about Amount ----------------------------------- -------------- twelve months ended 12/31/02 $1,975,000,000 twelve months ended 1/31/03 $1,834,400,000 twelve months ended 2/28/03 $1,795,700,000 twelve months ended 3/31/03 $1,750,700,000 twelve months ended 4/30/03 $1,737,300,000 twelve months ended 5/31/03 $1,750,900,000 twelve months ended 6/30/03 $1,737,600,000 twelve months ended 7/31/03 $1,728,800,000 twelve months ended 8/31/03 $1,724,800,000 twelve months ended 9/30/03 $1,725,400,000 twelve months ended 10/31/03 $1,728,000,000 twelve months ended 11/30/03 $1,709,100,000 twelve months ended 12/31/03 $1,702,900,000 twelve months ended 1/31/04 $1,700,000,000 twelve months ended 2/29/04 $1,697,600,000 twelve months ended 3/31/04 $1,694,500,000 twelve months ended 4/30/04 $1,690,300,000 twelve months ended 5/31/04 $1,682,900,000 twelve months ended 6/30/04 $1,676,300,000 and the twelve month period ended on the $1,676,300,000 last day of each month thereafter 1.4 Paragraph 6M Minimum Interest Coverage Ratio of the Original NPAs is amended in its entirety to read as follows:
Sample 1See All (6)
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MINIMUM GROSS SALES. The Borrower will achieve, for each period described below, gross sales of not less than the amount set forth for each such period: 10/01/05 through 10/31/05 $ 3,600,000 11/01/05 through 11/30/05 $ 3,000,000 12/01/05 through 12/31/05 $ 3,600,000 01/01/06 through 01/31/06 $ 4,300,000 02/01/06 through 02/28/06 $ 3,900,000 03/01/06 through 03/31/06 $ 4,300,000 04/01/06 through 04/30/06 $ 4,350,000 05/01/06 through 05/31/06 $ 5,650,000 06/01/06 through 06/30/06 $ 5,100,000 07/01/06 through 07/31/06 $ 5,100,000”
Sample 1Sample 2
MINIMUM GROSS SALES. The Borrowers shall have gross sales, for each four-week period ended on October 23, 2005 and on each Sunday thereafter for the previous four-week period during the term of this Agreement, in an aggregate amount not less than $15,000,000.
Sample 1
MINIMUM GROSS SALES. Beginning with the fiscal quarter of the Borrower ending on September 30, 2022, and with respect to each subsequent fiscal quarter thereafter prior to the Minimum Gross Sales Covenant Termination Date, the Gross Sales of the Borrower and its Subsidiaries for the twelve (12) consecutive month period ending on the last day of such fiscal quarter shall exceed fifty percent (50%) of the Target Gross Sales for such quarter (the “Minimum Gross Sales Covenant”).
Sample 1

Related to MINIMUM GROSS SALES

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

  • 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.

  • 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 [***].

  • 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).

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • Net Sales The term “

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • 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 Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

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