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. 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: 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): June 30, 2022 $375,000,000 September 30, 2022 $300,000,000 December 31, 2022 $240,000,000 March 31, 2023 $275,000,000 -59- June 30, 2023 $325,000,000 Septembe...
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. $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] $ [*] [*] 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. 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: 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 4.
Minimum Net Sales. In the event that Licensee fails to achieve minimum Net Sales during any [———-]44 consecutive Annual Periods beginning with the fourth Annual Period as specified in Schedule D attached hereto, then Licensor shall have the right, exercisable within [———-]45 of the end of such second consecutive Annual Period, to terminate this Agreement on not less than [————]46 notice to Licensee.
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:
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: 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. As of the last day of each Fiscal Quarter set forth below, Net Sales for the twelve (12) consecutive month period ending on the last day of such Fiscal Quarter shall not be less than the corresponding amount set forth opposite such Fiscal Quarter: June 30, 2022 $ 75,000,000 September 30, 2022 $ 75,000,000 December 31, 2022 $ 90,000,000 March 31, 2023 $ 90,000,000 June 30, 2023 $ 110,000,000 September 30, 2023 $ 110,000,000 December 31, 2023 $ 130,000,000 March 31, 2024 $ 130,000,000 June 30, 2024 $ 150,000,000 September 30, 2024 $ 150,000,000 December 31, 2024 $ 175,000,000 March 31, 2025 $ 175,000,000 June 30, 2025 $ 200,000,000 September 30, 2025 $ 200,000,000 December 31, 2025 $ 215,000,000 March 31, 2026 $ 215,000,000 June 30, 2026 $ 230,000,000 September 30, 2026 $ 230,000,000 December 31, 2026 and each Fiscal Quarter thereafter $ 250,000,000
