Minimum OCF Sample Clauses

Minimum OCF. Permit the product of OCF of the Borrower and its consolidated Subsidiaries for the quarter ending December 31, 1998 multiplied by four, to be less than $33,725,000; permit for any period of two consecutive fiscal quarters of the Borrower ending on or after March 31, 1998, the product of OCF of the Borrower and its consolidated Subsidiaries for such two-quarter period multiplied by two, to be less than $33,725,000.
Sample 1
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Minimum OCF. OCF for the immediately preceding fiscal quarter and four fiscal quarter periods of not less than the following: ----------------------------------------------------------------------------- QUARTER ENDING QUARTERLY OCF TTM OCF ----------------------------------------------------------------------------- December 31, 2001 $12 million $3.2 million ----------------------------------------------------------------------------- March 31, 2002 $9 million $12 million ----------------------------------------------------------------------------- June 30, 2002 $7 million $29 million ----------------------------------------------------------------------------- September 30, 2002 $7 million $29 million ----------------------------------------------------------------------------- December 31, 2002 $6 million $29 million ----------------------------------------------------------------------------- March 31, 2003 $7 million $27 million ----------------------------------------------------------------------------- June 30, 2003 $8 million $28 million ----------------------------------------------------------------------------- September 30, 2003 $9 million $30 million ----------------------------------------------------------------------------- December 31, 2003 $9 million $33 million ----------------------------------------------------------------------------- March 31, 2004 $10 million $36 million ----------------------------------------------------------------------------- June 30, 2004 $10 million $38 million ----------------------------------------------------------------------------- September 30, 2004 $10 million $39 million ----------------------------------------------------------------------------- December 31, 2004 and $10 million $40 million thereafter -----------------------------------------------------------------------------
Sample 1
Minimum OCF. OCF of not less than the following: a. $750,000, as of July 31, 2000, and b. $1.0 million, as of October 31, 2000, and c. $1.35 million, as of January 31, 2001, and
Sample 1

Related to Minimum OCF

  • Minimum Order When the Government requires supplies or services covered by this contract in an amount of less than one each, the Government is not obligated to purchase, nor is the Contractor obligated to furnish those supplies or services under the contract.

  • Minimum Orders Client may order Manufacturing Services for batches of Products only in multiples of the Minimum Order Quantities as set out in Schedule B to a Product Agreement.

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Minimum Net Worth The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 plus (ii) fifty percent (50%) of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31, 1997 (without deduction for losses).

  • 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.

  • Minimum Payments (a) Where the employee is under 45 years of age, the employer shall pay the employee Less than 1 year Nil 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 7 weeks pay 3 years and less than 4 years 10 weeks pay 4 years and less than 5 years 12 weeks pay 5 years and less than 6 years 14 weeks pay 6 years and over 16 weeks pay. (b) Where the employee is 45 years of age or over, the employer shall pay the employee in accordance with the following scale: Less than 1 year Nil 1 year and less than 2 years 5 weeks pay 2 years and less than 3 years 8.75 weeks pay 3 years and less than 4 years 12.5 weeks pay 4 years and less than 5 years 15 weeks pay 5 years and less than 6 years 17.5 weeks pay 6 years and over 20 weeks pay

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements.

  • Minimum Hours All employees shall be paid their regular hourly rate for each hour worked except where employed for less than four (4) consecutive hours per day, in which event they shall receive a minimum of four (4) hours pay. An employee who is called for work and upon reporting finds that his or her services are not required shall receive two (2) hours pay.

  • Minimum Purchase Broker-Dealer shall not sell fewer than $5,000 in Notes to any purchaser without the prior written consent of Issuer.

  • 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.

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