Minimum Revenue Base Clause Samples

The Minimum Revenue Base clause establishes a guaranteed baseline amount of revenue that must be recognized or paid, regardless of actual sales or usage levels. In practice, this clause often applies in licensing, distribution, or service agreements, where the licensee or customer commits to a minimum payment even if their actual usage or sales fall short of expectations. By setting this floor, the clause ensures predictable income for the provider and mitigates the risk of underperformance by the other party.
Minimum Revenue Base. The Revenue Base for any Fiscal Quarter shall not be less than the amount set forth below for such Fiscal Quarter: September 30, 2015 $ 17,500,000 December 31, 2015 $ 20,000,000 March 31, 2016 $ 20,000,000 June 30, 2016 $ 20,000,000 September 30, 2016 $ 20,000,000 December 31, 2016 $ 20,000,000 March 31, 2017 $ 20,000,000 June 30, 2017 $ 20,000,000 September 30, 2017 $ 19,500,000 December 31, 2017 $ 19,000,000 March 31, 2018 $ 27,500,000 June 30, 2018 $ 27,500,000 September 30, 2018 $ 30,000,000 December 31, 2018 $ 30,000,000 March 31, 2019 $ 30,000,000 June 30, 2019 $ 30,000,000 September 30, 2019 $ 30,000,000 December 31, 2019 $ 30,000,000 March 31, 2020 $ 30,000,000 June 30, 2020 $ 30,000,000
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Minimum Revenue Base. The Revenue Base for each calendar year set forth below shall not be less than the amount set forth below for such calendar year: Calendar Year Ended Minimum Revenue Base December 31, 2014 $ 40,000,000 December 31, 2015 $ 54,100,000 December 31, 2016 $ 67,400,000 December 31, 2017 $ 78,400,000 December 31, 2018 $ 84,000,000 December 31, 2019 $ 84,000,000
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Minimum Revenue Base. Subject to Section 9.4, the Revenue Base for the last day of a Test Period shall not be less than (i) prior to the First Delayed Draw Closing Date, the amount set forth in the second column below for the Test Period ending on such applicable date and (ii) on and after the occurrence of the First Delayed Draw Closing Date, the amount set forth in the third column below for the Test Period ending on such applicable date (each such amount for each applicable period, the “Required Revenue”): December 31, 2022 $200,000,000 $270,000,000 March 31, 2023 $202,000,000 $272,000,000 June 30, 2023 $205,000,000 $275,000,000 September 30, 2023 $207,000,000 $275,000,000 December 31, 2023 $210,000,000 $275,000,000 March 31, 2024 $212,000,000 $275,000,000 June 30, 2024 $215,000,000 $280,000,000 September 30, 2024 $217,000,000 $285,000,000 December 31, 2024 $220,000,000 $290,000,000 March 31, 2025 $222,000,000 $295,000,000 June 30, 2025 $225,000,000 $300,000,000 September 30, 2025 $227,000,000 $305,000,000 December 31, 2025 $230,000,000 $312,500,000 March 31, 2026 $232,000,000 $320,000,000 June 30, 2026 $235,000,000 $327,500,000 September 30, 2026 $237,000,000 $335,000,000 December 31, 2026 $240,000,000 $342,500,000 March 31, 2027 $242,000,000 $350,000,000 June 30, 2027 $245,000,000 $357,500,000 September 30, 2027 $247,000,000 $365,000,000 December 31, 2027 $250,000,000 $372,500,000
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Minimum Revenue Base. The Revenue Base for the twelve month period ended at the end of any Fiscal Quarter during any period as set forth in the table below shall not be less than the amount in effect for such Fiscal Quarter as set forth in the table below: Prior to the Delayed DrawAdvance Date After the Delayed DrawAdvance Date Fiscal Quarter Ending March 31, 2019 $112,500,000 $117,500,000 Fiscal Quarter Ending June 30, 2019 $115,000,000 $120,000,000 Fiscal Quarter Ending September 30, 2019 $117,500,000 $122,500,000 Fiscal Quarter Ending December 31, 2019 $120,000,000 $125,000,000 Fiscal Quarter Ending March 31, 2020 $123,750,000 $130,000,000 Fiscal Quarter Ending June 30, 2020 $127,750,000 $135,000,000 Fiscal Quarter Ending September 30, 2020 $131,250,000 $140,000,000 Fiscal Quarter Ending December 31, 2020 and thereafter $135,000,000 $145,000,000
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Minimum Revenue Base. The Revenue Base for the periods set forth below shall not be less than the amounts set forth opposite such periods for the periods set forth below: Two Fiscal Quarters ended June 30, 2019 $ 30,000,000 Three Fiscal Quarters ended September 30, 2019 $ 45,000,000 Four Fiscal Quarters ended December 31, 2019 $ 60,000,000 Four Fiscal Quarters ended March 31, 2020 $ 61,000,000 Four Fiscal Quarters ended June 30, 2020 $ 62,000,000 Four Fiscal Quarters ended September 30, 2020 $ 63,000,000 Four Fiscal Quarters ended December 31, 2020 $ 64,000,000 Four Fiscal Quarters ended March 31, 2021 $ 64,500,000
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Minimum Revenue Base. (June 2015). The Revenue Base for the six months ending June 30, 2015 shall not be less than $20,000,000.
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Related to Minimum Revenue Base

  • 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.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Over-Allowance Amount On the Cost Proposal Delivery Date and, in any event, prior to the commencement of the construction of the Tenant Improvements, Tenant shall deliver to Landlord cash in an amount (the “Over-Allowance Amount”) equal to the difference between (i) the amount of the Cost Proposal and (ii) the amount of the Tenant Improvement Allowance (less any portion thereof already disbursed by Landlord, or in the process of being disbursed by Landlord, on or before the Cost Proposal Delivery Date). The Over-Allowance Amount shall be disbursed by Landlord prior to the disbursement of any then remaining portion of the Tenant Improvement Allowance, and such disbursement shall be pursuant to the same procedure as the Tenant Improvement Allowance. If, after the Cost Proposal Date, any revisions, changes, or substitutions shall be made to the Construction Drawings or the Tenant Improvements as a result of requests made by Tenant or as otherwise specified in Section 5.01(h) below, any additional costs which arise in connection with such revisions, changes or substitutions shall be paid by Tenant to Landlord immediately upon Landlord’s request as an addition to the Over-Allowance Amount and, in any event, prior to the commencement of the construction of the revisions, changes or substitutions. Promptly following completion of construction of the Tenant Improvements and payment of all costs incurred in connection therewith, Landlord shall prepare and deliver to Tenant a reasonably detailed reconciliation of (i) the total cost of the Tenant Improvements, including all Tenant Improvement Allowance Items, and (ii) the total amount of the Tenant Improvement Allowance and the Over-Allowance Amount payments previously made by Tenant pursuant to the foregoing provisions of this Section. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements exceeds the amount of the Tenant Improvement Allowance plus all Over-Allowance Amount previously paid by Tenant, Tenant shall pay the amount of such shortfall to Landlord within thirty (30) days after receipt of such reconciliation. To the extent that such reconciliation discloses that the total costs of the Tenant Improvements is less than the amount of the Tenant Improvement Allowance plus all Over-Allowance Amounts previously paid by Tenant, Landlord shall pay the amount of such overage to Tenant at the time that Landlord delivers such reconciliation to Tenant.