Common use of Minimum Net Sales Clause in Contracts

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

Appears in 2 contracts

Samples: Forbearance Agreement and First Amendment to Credit and Security Agreement (Phoenix Footwear Group Inc), Forbearance Agreement and First Amendment to Credit and Security Agreement (Phoenix Footwear Group Inc)

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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 $ 4,592,0004,592,000 July 26, 2009 through August 8, 2009 $ 300,000 July 26, 2009 through August 22, 2009 $ 1,000,000 July 26, 2009 through September 5, 2009 $ 2,100,000 July 26, 2009 through September 19, 2009 $ 3,400,000

Appears in 1 contract

Samples: Forbearance Agreement and Credit and Security Agreement (Phoenix Footwear Group Inc)

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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 Period and Test Date Minimum Net Sales June 7, 2009 through July 11, 2009 $ 4,051,000 June 7, 2009 through July 25, 2009 $ 4,592,0004,592,000 July 26, 2009 through August 8, 2009 $ 300,000 July 26, 2009 through August 22, 2009 $ 1,000,000 July 26, 2009 through September 5, 2009 $ 2,100,000 July 26, 2009 through September 19, 2009 $ 3,400,000

Appears in 1 contract

Samples: Forbearance Agreement

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