Common use of Minimum Revenue Base Clause in Contracts

Minimum Revenue Base. The Revenue Base for any Fiscal Quarter shall not be less than the amount set forth below for such Fiscal Quarter: Fiscal Quarter Ending Minimum Revenue Base 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 $25,000,000 September 30, 2017 $27,500,000 December 31, 2017 $27,500,000 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

Appears in 1 contract

Samples: Credit Agreement (Xtant Medical Holdings, Inc.)

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Minimum Revenue Base. The Revenue Base for any Fiscal Quarter shall not be less than the amount set forth below for such Fiscal Quarter: Fiscal Quarter Ending Ended Minimum Revenue Base June 30, 2015 $ 10,000,000 September 30, 2015 $17,500,000 $ 10,000,000 December 31, 2015 $20,000,000 $ 10,000,000 March 31, 2016 $20,000,000 $ 9,000,000 June 30, 2016 $20,000,000 $ 9,000,000 September 30, 2016 $20,000,000 $ 9,000,000 December 31, 2016 $20,000,000 $ 9,000,000 March 31, 2017 $20,000,000 $ 9,000,000 June 30, 2017 $25,000,000 $ 9,000,000 September 30, 2017 $27,500,000 $ 9,000,000 December 31, 2017 $27,500,000 $ 9,000,000 March 31, 2018 $27,500,000 $ 10,000,000 June 30, 2018 $27,500,000 $ 10,000,000 September 30, 2018 $30,000,000 $ 10,000,000 56 December 31, 2018 $30,000,000 $ 10,000,000 March 31, 2019 $30,000,000 $ 10,000,000 June 30, 2019 $30,000,000 $ 10,000,000 September 30, 2019 $30,000,000 $ 10,000,000 December 31, 2019 $30,000,000 $ 10,000,000 March 31, 2020 $30,000,000 June 30, 2020 $30,000,000$ 10,000,000

Appears in 1 contract

Samples: Credit Agreement (Recro Pharma, Inc.)

Minimum Revenue Base. The Revenue Base for any Fiscal Quarter shall not be less than the amount set forth below for such Fiscal Quarter: Fiscal Quarter Ending Minimum Revenue Base 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 $ 25,000,000 June 30, 2017 $$ 25,000,000 September 30, 2017 $$ 27,500,000 December 31, 2017 $$ 27,500,000 March 31, 2018 $$ 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

Appears in 1 contract

Samples: Credit Agreement (Xtant Medical Holdings, Inc.)

Minimum Revenue Base. The Revenue Base for any Fiscal Quarter shall not be less than the amount set forth below for such Fiscal Quarter: Fiscal Quarter Ending Minimum Revenue Base 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 $25,000,000 20,000,000 September 30, 2017 $27,500,000 20,000,000 December 31, 2017 $27,500,000 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

Appears in 1 contract

Samples: Credit Agreement (Xtant Medical Holdings, Inc.)

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Minimum Revenue Base. The Revenue Base for any Fiscal Quarter shall not be less than the amount set forth below for such Fiscal Quarter: Fiscal Quarter Ending Minimum Revenue Base September 30, 2015 $17,500,000 2012 $ 7,500,000 December 31, 2015 $20,000,000 2012 $ 7,500,000 March 31, 2016 $20,000,000 2013 $ 8,500,000 June 30, 2016 $20,000,000 2013 $ 8,500,000 September 30, 2016 $20,000,000 2013 $ 10,500,000 December 31, 2016 $20,000,000 2013 $ 11,000,000 March 31, 2017 $20,000,000 2014 $ 12,500,000 June 30, 2017 $25,000,000 2014 $ 12,500,000 September 30, 2017 $27,500,000 2014 $ 12,500,000 December 31, 2017 $27,500,000 2014 $ 12,500,000 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 $30,000,0002015 and thereafter $ 15,000,000

Appears in 1 contract

Samples: Credit Agreement (Bacterin International Holdings, Inc.)

Minimum Revenue Base. The Revenue Base for any Fiscal Quarter shall not be less than the amount set forth below for such Fiscal Quarter: Fiscal Quarter Ending Minimum Revenue Base September 30, 2015 $17,500,000 2012 $ 7,500,000 December 31, 2015 $20,000,000 2012 $ 7,500,000 March 31, 2016 $20,000,000 2013 $ 8,500,000 June 30, 2016 $20,000,000 2013 $ 8,500,000 September 30, 2016 $20,000,000 2013 $ 10,500,000 December 31, 2016 $20,000,000 2013 $ 7,500,000 March 31, 2017 $20,000,000 2014 $ 7,500,000 June 30, 2017 $25,000,000 2014 $ 8,000,000 September 30, 2017 $27,500,000 2014 $ 8,000,000 December 31, 2017 $27,500,000 2014 $ 8,000,000 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 $30,000,0002015 and thereafter $ 9,500,000

Appears in 1 contract

Samples: Credit Agreement (Bacterin International Holdings, Inc.)

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