Minimum Recurring Revenue Sample Clauses

Minimum Recurring Revenue. TTM Recurring Revenue measured on a fiscal quarter-end basis for each fiscal quarter ending from and after the fiscal quarter ending March 31, 2015, of at least $4,500,000.
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Minimum Recurring Revenue. Borrower’s Recurring Revenue, annualized for the preceding 3 months, shall be not less than the following amounts, for the respective measuring periods set forth below: Period Ending Minimum Recurring Revenue March 31, 2017 $ 16,500,000 June 30, 2017 $ 17,500,000 September 30, 2017 $ 18,500,000 December 31, 2017 $ 20,000,000 Thereafter, Borrower’s annualized quarterly Recurring Revenue shall not be less than the greater of (x) 80% of Borrower’s Board-approved plan (for projected Recurring Revenue), to be provided by Borrower to Lender in accordance with Section 5(h), above, or (y) $20,000,000.
Sample 1Sample 2See All (4)
Minimum Recurring Revenue. Achieve Recurring Revenue, measured on a quarter-end basis of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: Applicable Amount Applicable Period $80,000,000 For the 12 month period endingon March 31, 2017 $80,000,000 For the 12 month period endingon June 30, 2017 $80,000,000 For the 12 month period endingon September 30, 2017 $80,000,000 For the 12 month period endingon December 31, 2017 $90,000,000 For the 12 month period endingon March 31, 2018 $90,000,000 For the 12 month period endingon June 30, 2018 $90,000,000 For the 12 month period endingon September 30, 2018 $90,000,000 For the 12 month period endingon December 31, 2018 $100,000,000 For the 12 month period endingon March 31, 2019 and the 12 monthperiod ending each June 30,September 30, December 31,and March 31 thereafter
Sample 1Sample 2
Minimum Recurring Revenue. As of the last day of each quarter on a trailing three (3) month basis, Borrower’s Recurring Revenue for such quarter shall not be less than the greater of (i) eighty percent (80%) of Borrower’s Recurring Revenue for such quarter as outlined in Borrower’s business plan approved by its board of directors or (ii) Borrower’s Recurring Revenue for the prior quarter.
Sample 1Sample 2
Minimum Recurring Revenue. Upland shall maintain, on a consolidated basis with its consolidated Subsidiaries, as of any date of determination, recurring revenue, calculated on a trailing four quarter basis, of not less than $50,000,000, certified quarterly. Recurring revenue shall include pro forma recurring revenue of an acquired company.
Sample 1Sample 2
Minimum Recurring Revenue. Maintain at all times, to be tested as of the last day of each calendar quarter, Recurring Revenue for each calendar quarter of at least one hundred eighteen percent (118.0%) of the amount of Borrower’s Recurring Revenue for the corresponding calendar quarter in the immediately preceding calendar year.
Sample 1
Minimum Recurring Revenue. TTM Recurring Revenue, measured on a quarter-end basis of at least $5,000,000.
Sample 1
AutoNDA by SimpleDocs
Minimum Recurring Revenue. Fail to maintain Recurring Revenue, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: Applicable Amount Applicable Trailing Four Quarter Period Ending $ 35,000,000 March 31, 2016, June 30, 2016 and September 30, 2016 $ 35,210,000 December 31, 2016 $ 35,629,000 March 31, 2017 $ 36,097,000 June 30, 2017 $ 36,532,000 September 30, 2017 $ 36,970,000 December 31, 2017 $ 37,410,000 March 31, 2018 $ 37,902,000 June 30, 2018 $ 38,359,000 September 30, 2018 $ 38,819,000 December 31, 2018 $ 39,281,000 March 31, 2019 $ 39,797,000 June 30, 2019 $ 40,277,000 September 30, 2019 $ 40,759,000 December 31, 2019 56 Applicable Amount Applicable Trailing Four Quarter Period Ending $ 41,244,000 March 31, 2020 $ 41,787,000 June 30, 2020 $ 42,290,000 September 30, 2020 $ 42,798,000 For the 4 fiscal quarter period ending each quarter thereafter
Sample 1
Minimum Recurring Revenue. Prior to the Covenant Conversion Date, achieve Recurring Revenue, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: Applicable Amount Applicable Period $40,000,000 For the three quarter period ending September 30, 2020 $49,500,000 For the four quarter period ending December 31, 2020 $52,000,000 For the four quarter period ending March 31, 2021 $55,000,000 For the four quarter period ending June 30, 2021 $58,000,000 For the four quarter period ending September 30, 2021 $62,000,000 For the four quarter period ending December 31, 2021 $65,500,000 For the four quarter period ending March 31, 2022 $68,000,000 For the four quarter period ending June 30, 2022
Sample 1

Related to Minimum Recurring Revenue

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) each of its fiscal years to end on December 31 of each year and (ii) its fiscal quarters to end on March 31, June 30, September 30 and December 31, respectively, of each year.

  • Minimum Net Income The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) "

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!