Minimum LTM Revenue Sample Clauses

Minimum LTM Revenue. Not permit the revenue of the Borrower and its Subsidiaries or Holdings and its Subsidiaries as the context may require after giving effect to the De-SPAC Transactions (as recognized in accordance with GAAP) as of the last day of any Test Period set forth in the table below, to be less than the amount set forth opposite such Test Period for such Test Period then ended: It being understood that for the purposes of determining the revenue of Holdings and its Subsidiaries for any Test Period which includes a fiscal quarter ended prior to the consummation of the Merger (as defined in the Merger Consent), but relating to periods before giving effect to the Merger Agreement, the revenue of Holdings and its Subsidiaries (x) for the fiscal quarter ended June 30, 2021 shall be deemed to be the revenue of the Borrower and its Subsidiaries on a consolidated basis for the fiscal quarter ended June 30, 2021, (y) for the fiscal quarter ended March 31, 2021 shall be deemed $45,935,000, and (z) for the fiscal quarter ended December 31, 2020, shall be deemed $81,546,000.
View SourceView Similar (2)
Minimum LTM Revenue. Not permit the revenue of the Borrower and its Subsidiaries or Holdings and its Subsidiaries as the context may require after giving effect to the De-SPAC Transactions (as recognized in accordance with GAAP) as of the last day of any Test Period set forth in the table below, to be less than the amount set forth opposite such Test Period for such Test Period then ended:
View Source
Minimum LTM Revenue. Not permit the revenue of the Borrower and its Subsidiaries (as recognized in accordance with GAAP) as of the last day of any Test Period set forth in the table below, to be less than the amount set forth opposite such Test Period for such Test Period then ended: December 31, 2020 $ 164,535,000 March 31, 2021 $ 176,761,000 June 30, 2021 $ 199,138,000 September 30, 2021 $ 222,000,000 December 31, 2021 $ 225,000,000 March 31, 2022 $ 247,000,000 June 30, 2022 $ 271,000,000 September 30, 2022 $ 275,000,000 December 31, 2022 $ 275,000,000 March 31, 2023 $ 275,000,000 June 30, 2023 $ 275,000,000 September 30, 2023 $ 275,000,000 December 31, 2023 $ 275,000,000 March 31, 2024 $ 275,000,000 June 30, 2024 $ 275,000,000 September 30, 2024 $ 275,000,000
View Source
Minimum LTM Revenue. Not permit the revenue of the Issuer and its Subsidiaries (as recognized in accordance with GAAP) as of the last day of any Test Period set forth in the table below, to be less than the amount set forth opposite such Test Period for such Test Period then ended: 60
View Source
Minimum LTM Revenue. Not permit the revenue of the Issuer and its Subsidiaries (as recognized in accordance with GAAP) as of the last day of any Test Period set forth in the table below, to be less than the amount set forth opposite such Test Period for such Test Period then ended: March 31, 2022 $ 163,000,000 June 30, 2022 $ 161,000,000 September 30, 2022 $ 171,000,000 December 31, 2022 $ 172,000,000 March 31, 2023 $ 180,000,000 June 30, 2023 $ 189,000,000 September 30, 2023 $ 203,000,000 December 31, 2023 $ 215,000,000 March 31, 2024 $ 227,000,000 June 30, 2024 $ 235,000,000 September 30, 2024 $ 241,000,000 It being understood that for the purposes of determining the revenue of the Issuer and its Subsidiaries for any Test Period which includes a fiscal quarter ended prior to the consummation of the Merger, but relating to periods before giving effect to the Transaction Agreement, the revenue of the Issuer and its Subsidiaries (x) for the fiscal quarter ended June 30, 2021 shall be deemed to be the revenue of Airspan and its Subsidiaries on a consolidated basis for the fiscal quarter ended June 30, 2021, and (y) for the fiscal quarter ended March 31, 2021 shall be deemed $45,935,000.
View Source
Minimum LTM Revenue. Not permit the revenue of the Issuer and its Subsidiaries (as recognized in accordance with GAAP) as of the last day of any Test Period set forth in the table below, to be less than the amount set forth opposite such Test Period for such Test Period then ended: June 30, 2023 $189,000,00030,321,000 September 30, 2023 $203,000,00026,659,000 December 31, 2023 $215,000,00046,183,000 March 31, 2024 $227,000,00034,302,000 June 30, 2024 $235,000,00035,794,000 September 30, 2024 $241,000,00038,777,000 It being understood that for the purposes of determining the revenue of the Issuer and its Subsidiaries for any Test Period which includes a fiscal quarter ended prior to the consummation of the Merger, but relating to periods before giving effect to the Transaction Agreement, the revenue of the Issuer and its Subsidiaries (x) for the fiscal quarter ended June 30, 2021 shall be deemed to be the revenue of Airspan and its Subsidiaries on a consolidated basis for the fiscal quarter ended June 30, 2021, and (y) for the fiscal quarter ended March 31, 2021 shall be deemed $45,935,000. It being understood that for the purposes of determining the revenue of the Issuer and its Subsidiaries for any Test Period which includes a fiscal quarter ended prior to the consummation of the Merger, but relating to periods before giving effect to the Transaction Agreement, the revenue of the Issuer and its Subsidiaries (x) for the fiscal quarter ended June 30, 2021 shall be deemed to be the revenue of Airspan and its Subsidiaries on a consolidated basis for the fiscal quarter ended June 30, 2021, and (y) for the fiscal quarter ended March 31, 2021 shall be deemed $45,935,000.
View Source
Minimum LTM Revenue. Permit the LTM Revenue of the Borrower and its Subsidiaries, on a consolidated basis, for any period of twelve consecutive months ending on each date set forth below to be less than the amount set forth opposite such date below: Date: Minimum LTM Revenue Amount December 31, 2025: $ [ ***] June 30, 2026: $ [ ***] December 31, 2026, and the last day of each June and each December thereafter: $ [ ***]
View Source

Related to Minimum LTM Revenue

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

  • 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.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • 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.