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Common use of Minimum Net Revenue Clause in Contracts

Minimum Net Revenue. The Net Revenue of the Credit Parties on a consolidated basis to be less than the corresponding amount set forth in the Net Revenue Level column for the corresponding Test Period as set forth in the below chart: Test Period Net Revenue Level 4 quarters ending March 31, 2020 $59,000,000 4 quarters ending June 30, 2020 $55,000,000 4 quarters ending September 30, 2020 $54,000,000 4 quarters ending December 31, 2020 $57,000,000

Appears in 2 contracts

Samples: Second Lien Credit Agreement (Teligent, Inc.), First Lien Credit Agreement (Teligent, Inc.)

Minimum Net Revenue. The Net Revenue of the Credit Parties on a consolidated basis to be less than the corresponding amount set forth in the Net Revenue Level column for the corresponding Test Period as set forth in the below chart: Test Period Net Revenue Level 4 quarters ending March 31, 2020 $59,000,000 4 quarters ending June 30, 2020 $55,000,000 $ 52,827,300 4 quarters ending September 30, 2020 $54,000,000 $ 45,163,200 4 quarters ending December 31, 2020 $57,000,000$ 41,622,400

Appears in 1 contract

Samples: First Lien Credit Agreement (Teligent, Inc.)

Minimum Net Revenue. The Net Revenue of the Credit Parties on a consolidated basis to be less than the corresponding amount set forth in the Net Revenue Level column for the corresponding Test Period as set forth in the below chart: Test Period Net Revenue Level 4 quarters ending March 31, 2020 $59,000,000 4 quarters ending June 30, 2020 $55,000,000 $ 52,827,300 4 quarters ending September 30, 2020 $54,000,000 $ 45,163,200 4 quarters ending December 31, 2020 $57,000,000$ 41,622,400

Appears in 1 contract

Samples: Second Lien Credit Agreement (Teligent, Inc.)