Minimum Revenue Requirements. In the event Distributor fails to meet the minimum revenue requirements set forth in Exhibit A attached hereto, then, notwithstanding anything in this Agreement to the contrary, and at Licensor's election and not obligation, (i) Licensor shall be free to appoint other distributors for its Product Units in the Territory, (ii) Distributor shall not have any exclusive sale, marketing or distribution rights to the Product Units, (iii) the license grant of Section 3 to the Licensor Marks shall terminate, and
Minimum Revenue Requirements. “Minimum Revenue Requirements” means by Buyer projected revenue to Manufacturer for a period of 12 (twelve) months.
Minimum Revenue Requirements. Borrower agrees that Borrower's revenues from operations (excluding interest income, extraordinary gains, capital gains from the sale of assets outside the ordinary course of business and investment income earned outside the ordinary course of business) shall, (1) equal at least Eleven Million Five Hundred Thousand Dollars ($11,500,000) for Borrower's fiscal quarter ending October 31, 2002, (2) equal at least Twelve Million Five Hundred Thousand Dollars ($12,500,000) for Borrower's fiscal quarter ending January 31, 2003, and (3) equal at least Eleven Million Five Hundred Thousand Dollars ($11,500,000) for Borrower's fiscal quarter ending April 30, 2003. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct in all material respects.
Minimum Revenue Requirements. In the event Distributor fails to meet the minimum revenue requirements set forth in Exhibit E attached hereto, then, notwithstanding anything in this Agreement to the contrary, and at Sagent's election and not obligation, (i) Sagent shall be free to appoint other distributors for its Products in the Territory, (ii) Distributor shall not have any exclusive sale, marketing or distribution rights to the Products, (iii) the license grant of Article 3 to the Sagent Marks shall terminate, and (iv) notwithstanding anything to the contrary in Section 5.1 below, the Prices paid by Distributor for the Products shall be equal to [*] percent ([*]) of the applicable List Prices.
Minimum Revenue Requirements. In the event Concessionaire fails to meet the minimum revenue requirements set forth in Exhibit E attached hereto, then, notwithstanding anything in this Agreement to the contrary, (i) Sagent shall be free to appoint other distributors for its Products in the Territory, (ii) Concessionaire shall not have any exclusive sale, marketing or distribution rights to the Products, (iii) at Sagent's election, and in Sagent's sole discretion, the license grant of Article 3 to the Sagent Marks shall terminate, and (iv) notwithstanding anything to the contrary in Section 5.1 below, the Prices paid by Concessionaire for the Products shall be equal to the applicable List Prices.
Minimum Revenue Requirements. You must achieve a certain level of revenue each year to maintain your rights to your Territory, as follows: Contract Year Minimum Revenue First Contract Year $0 Contract Year Minimum Revenue Second Contract Year $400,000 Third Contract Year $750,000 Fourth Contract Year $1,000,000 Fifth Contract Year and for Remaining Term of the Franchise Agreement Previous Year’s Minimum + 5% (but not more than $2,500,000) If you do not achieve these minimum revenue amounts then you must pay to us the balance of the minimum annual Continuing Franchise Fee, as described in Section 3.2 below. We do not guarantee that you will be able to meet the minimum required revenue amounts described above or that your Office will achieve any level of revenue or profitability.
