Minimum Net Sales. The Loan Parties shall maintain LTM Net Sales of at least (A) $57,375,000 for the fiscal year ending December 31, 2019 and (B) $76,500,000 for the fiscal year ending December 31, 2020 and each fiscal year ending thereafter.
Minimum Net Sales. Not permit the aggregate Net Sales and Royalties for the twelve consecutive month period ending on the last Business Day of any Fiscal Quarter to be less than the applicable amount set forth below for such period. Minimum LTM Net Sales and Royalties ( in millions of Canadian Dollars) as of the end of: Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 and each Fiscal Quarter thereafter $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] [*] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portion. CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BASED UPON A REQUEST FOR CONFIDENTIAL TREATMENT AND THE NON-PUBLIC INFORMATION HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
Minimum Net Sales. Not and not suffer or permit Net Sales for any Computation Period ending on or after March 31, 2013, to be less than the applicable Net Sales set forth below at the end of each such Computation Period (subject to adjustment as described in Section 7.13.5); provided, that with respect to any incurrence of subordinated Debt pursuant to Section 7.1(c), and any Permitted Acquisition, in each case to be consummated prior to the availability of financial statements for the Fiscal Quarter ending March 31, 2013, Net Sales shall not be less than CDN$5,886,643: 56 Computation Period Amount March 31, 2013 CDN$6,402,763 June 30, 2013 CDN$6,278,829 September 30, 2013 CDN$5,821,096 December 31, 2013 CDN$6,058,685 March 31, 2014 CDN$6,575,332 June 30, 2014 CDN$6,388,129 September 30, 2014 CDN$5,916,371 December 31, 2014 CDN$6,161,926 March 31, 2015 CDN$7,771,238
Minimum Net Sales. Companies, on a consolidated basis, shall achieve, for each period set forth below, Net Sales, determined as of the following test dates, of not less than the amount set forth for each such period: Period and Test Date Minimum Net Sales June 7, 2009 through June 27, 2009 $ 2,174,000 June 7, 2009 through July 11, 2009 $ 4,051,000 June 7, 2009 through July 25, 2009 $ 4,592,000
Minimum Net Sales. From and after the Effective Date and without violating any other term or provision of this Agreement, permit trailing twelve-month Net Sales of Issuer and its Subsidiaries, tested quarterly at the end of each fiscal quarter set out in the first column in the table below, to be less than: (a) solely with respect to any fiscal quarter where paragraph (b) below or the proviso below does not apply, $375,000,000 for fiscal quarter ending June 30, 2022, $400,000,000 for fiscal quarter ending September 30, 2022 and $500,000,000 for each fiscal quarter thereafter; and (b) solely with respect to any fiscal quarter occurring after the completion of a Qualifying Financing on or prior to December 31, 2022, the amount set forth opposite that fiscal quarter in the second column in the table below; provided, however, that, with respect to any fiscal quarter occurring after the completion of a Qualifying Financing on or prior to December 31, 2022, if consolidated Liquidity of the Issuer and its Subsidiaries, tested on both the 15th day and last day of each calendar month by reference to confirmation of consolidated Liquidity of Issuer and its Subsidiaries provided to the Collateral Agent within 2 Business Days of each such day pursuant to Section 5.2(k) hereof during such fiscal quarter, is equal to or greater than $400,000,000, the Net Sales requirement set out in the table below shall not apply for as long as consolidated Liquidity of the Issuer and its Subsidiaries, tested on both the 15th day and last day of each calendar month by reference to confirmation of consolidated Liquidity of Issuer and its Subsidiaries provided to the Collateral Agent within 2 Business Days of each such day pursuant to Section 5.2(k) hereof during such fiscal quarter, is at least $400,000,000. For the avoidance of doubt, if consolidated Liquidity of the Issuer and its Subsidiaries, tested on both the 15th day and last day of each calendar month by reference to confirmation of consolidated Liquidity of Issuer and its Subsidiaries provided to the Collateral Agent within 2 Business Days of each such day pursuant to Section 5.2(k) hereof during any fiscal quarter occurring after the completion of a Qualifying Financing, is less than $400,000,000, clauses (a) and (b) of this Section 6.16 shall apply (and the proviso above shall not apply): Quarter End Post-Qualifying Financing Net Sales June 30, 2022 $375,000,000 September 30, 2022 $300,000,000 December 31, 2022 $240,000,000 March 31, 2023 $275,...
Minimum Net Sales. In the event that the Borrower fails to achieve the minimum gross sales required by Section 6.2(c) for any period set forth above, the Borrower will achieve, for the period set forth below ending on the same end date as the period for which the Borrower failed such minimum gross sales covenant, cumulative Net Sales of not less than the amount set forth for the period ending on such date set forth below: Period Minimum Net Sales 10/01/05 through 10/31/05 $ 3,100,000 10/01/05 through 11/30/05 $ 5,700,000 10/01/05 through 12/31/05 $ 8,600,000 10/01/05 through 01/31/06 $ 12,100,000 10/01/05 through 02/28/06 $ 15,500,000 10/01/05 through 03/31/06 $ 18,200,000 10/01/05 through 04/30/06 $ 21,500,000 10/01/05 through 05/31/06 $ 25,800,000 10/01/05 through 06/30/06 $ 29,900,000 10/01/05 through 07/31/06 $ 34,400,000”
Minimum Net Sales. LICENSEE shall maintain minimum sales of LICENSED ARTICLES in each annual period as set forth on EXHIBIT 7.
Minimum Net Sales. Obligors and their Subsidiaries shall achieve “Net Sales” (as computed in accordance with the February 2020 Budget (as defined in the Fourth Amendment)) for each period of three consecutive fiscal months set forth below of not less than the Minimum Net Sales amounts set forth below opposite such period: Three Fiscal Month Period Minimum Net Sales January – March 2020 $ [***] February – April 2020 $ [***] March – May 2020 $ [***] April – June 2020 $ [***] May – July 2020 $ [***] June – August 2020 $ [***] July – September 2020 $ [***] August – October 2020 $ [***] September – November 2020 $ [***] October – December 2020 $ [***]
Minimum Net Sales. Not permit the Aggregate Revenue for the twelve consecutive month period ending on the last Business Day of any Fiscal Quarter to be less than the applicable amount set forth below for such period: Period Minimum LTM Aggregate Revenue (in millions of Dollars) Q1 2014 $ 8,000,000 Q2 2014 $ 7,000,000 Q3 2014 $ 9,000,000 Q4 2014 $ 11,500,000 Q1 2015 $ 12,500,000 Q2 2015 $ 13,000,000 Q3 2015 $ 13,500,000 Q4 2015 $ 14,000,000 Q1 2016 $ 14,500,000 Q2 2016 $ 15,000,000 Q3 2016 $ 15,300,000 Q4 2016 $ 15,500,000 Q1 2017 $ 15,700,000 Q2 2017 $ 15,800,000 Q3 2017 $ 15,900,000 Q4 2017 and each subsequent Fiscal Quarter $ 16,000,000
Minimum Net Sales. [INTENTIONALLY DELETED].
