Common use of Minimum Revenue Clause in Contracts

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 Revenue. Borrower and its Subsidiaries shall have annual Revenue from sales, marketing or distribution sales of the Product and related services (for each respective measured periodcalendar year, the “Minimum Required Revenue”): (a) during the twenty-four twelve month period beginning on January 1, 2015, of at least $45,000,0000; (b) during the twenty-four twelve month period beginning on January 1, 2016, of at least $80,000,0001,000,000; (c) during the twenty-four twelve month period beginning on January 1, 2017, of at least $110,000,000; and5,000,000; (d) during the twenty-four twelve month period beginning on January 1, 2018, of at least $120,000,000; and15,000,000; (e) during the twenty-four twelve month period beginning on January 1, 2019, of at least $120,000,00030,000,000; and (f) during the twelve month period beginning on January 1, 2020, of at least $40,000,000.

Minimum Revenue. Borrower and its Subsidiaries shall have annual Revenue from sales, marketing or distribution sales of the Product and related services Products (for each respective measured periodcalendar year, the “Minimum Required Revenue”): (a) during the twenty-four twelve month period beginning on January 1, 2014, of at least $10,000,000; (b) during the twelve month period beginning on January 1, 2015, of at least $45,000,00015,000,000; (bc) during the twenty-four twelve month period beginning on January 1, 2016, of at least $80,000,00020,000,000; (cd) during the twenty-four twelve month period beginning on January 1, 2017, of at least $110,000,00030,000,000; and (de) during the twenty-four twelve 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 $120,000,00035,000,000.

Minimum Revenue. Borrower and its Subsidiaries shall have annual consolidated Revenue from sales, marketing or distribution sales and usage of the Product and related services (for each respective measured periodcalendar year, the “Minimum Required Revenue”): (a) during the twenty-four twelve month period beginning on January 1, 20152021, of at least $45,000,00043,000,000; (b) during the twenty-four twelve month period beginning on January 1, 20162022, of at least $80,000,00050,000,000; (c) during the twenty-four twelve month period beginning on January 1, 20172023, of at least $110,000,000; and60,000,000; (d) during the twenty-four twelve month period beginning on January 1, 20182024, of at least $120,000,000; and70,000,000; (e) during the twenty-four each twelve month period beginning on January 1, 20191 of a given year thereafter, of at least $120,000,00070,000,000.

Minimum Revenue. Borrower (calculated on a consolidated basis with respect to Borrower and its Subsidiaries Subsidiaries) shall have achieve, to be tested on the last day of each calendar year, annual Revenue from sales, marketing or distribution sales of the Product and related services (for each respective measured period, the “Minimum Required Revenue”):Procedure: (ai) during the twentytwelve-four month period beginning on January 1, 20152021, of at least $45,000,00050,000,000; (bii) during the twentytwelve-four month period beginning on January 1, 20162022, of at least $80,000,00060,000,000; (ciii) during the twentytwelve-four month period beginning on January 1, 20172023, of at least $110,000,00070,000,000; and (div) during the twentytwelve-four month period beginning on January 1, 20182024 and during each twelve-month period beginning on each January 1 thereafter, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,00080,000,000.”

Minimum Revenue. Borrower and its Subsidiaries shall have annual Revenue from sales, marketing or distribution sales of the Product and related services Products (for each respective measured periodcalendar year, the “Minimum Required Revenue”): (a) during the twenty-four twelve month period beginning on January 1, 2013, of at least $12,000,000; (b) during the twelve month period beginning on January 1, 2014, of at least $20,000,000; (c) during the twelve month period beginning on January 1, 2015, of at least $45,000,00030,000,000; (bd) during the twenty-four twelve month period beginning on January 1, 2016, of at least $80,000,00045,000,000; (ce) during the twenty-four twelve month period beginning on January 1, 2017, of at least $110,000,00060,000,000; and (df) during the twenty-four twelve 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 $120,000,00075,000,000.

Minimum Revenue. Borrower and its Subsidiaries shall have annual Product Revenue from sales, marketing or distribution of the Product and related services (for each respective measured periodcalendar year, 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 twelve month period beginning on January 1, 2017, of at least $110,000,000; and***; (db) during the twenty-four twelve month period beginning on January 1, 2018, of at least $120,000,000; and***; (ec) during the twenty-four twelve month period beginning on January 1, 2019, of at least $120,000,000***; (d) during the twelve month period beginning on January 1, 2020, of at least $***; (e) during the twelve month period beginning on January 1, 2021, of at least $***; and (f) during the twelve month period beginning on January 1, 2022, of at least $***.

Minimum Revenue. Borrower and its Subsidiaries shall have annual Revenue from sales, marketing or distribution sales of the Product and related services (for each respective measured periodcalendar year, the “Minimum Required Revenue”): (a) during the twenty-four twelve month period beginning on January 1, 2015, of at least $45,000,00025,000,000; (b) during the twenty-four twelve month period beginning on January 1, 2016, of at least $80,000,00035,000,000; (c) during the twenty-four twelve month period beginning on January 1, 2017, of at least $110,000,000; and45,000,000; (d) during the twenty-four twelve month period beginning on January 1, 2018, of at least $120,000,000; and60,000,000; (e) during the twenty-four twelve month period beginning on January 1, 2019, of at least $120,000,00075,000,000; and (f) during the twelve month period beginning on January 1, 2020, of at least $85,000,000.

Minimum Revenue. Borrower and its Subsidiaries shall have annual Product Revenue from sales, marketing or distribution of the Product and related services (for each respective measured periodcalendar year, 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 twelve month period beginning on January 1, 2017, of at least $110,000,000; and30,000,000; (db) during the twenty-four twelve month period beginning on January 1, 2018, of at least $120,000,000; and50,000,000; (ec) during the twenty-four twelve month period beginning on January 1, 2019, of at least $70,000,000; (d) during the twelve month period beginning on January 1, 2020, of at least $90,000,000; (e) during the twelve month period beginning on January 1, 2021, of at least $110,000,000; and (f) during the twelve month period beginning on January 1, 2022, of at least $120,000,000.

Minimum Revenue. Borrower and its Subsidiaries shall have annual Revenue from sales, marketing or distribution of the Product and related services (for each respective measured periodcalendar year, the “Minimum Required Revenue”): (a) during the twenty-four twelve month period beginning on January 1, 2014, of at least $40,000,000; (b) during the twelve month period beginning on January 1, 2015, of at least $45,000,00055,000,000; (bc) during the twenty-four twelve month period beginning on January 1, 2016, of at least $80,000,00070,000,000; (cd) during the twenty-four twelve month period beginning on January 1, 2017, of at least $110,000,000; and85,000,000; (de) during the twenty-four twelve month period beginning on January 1, 2018, of at least $120,000,000; and100,000,000; (ef) during the twenty-four twelve month period beginning on January 1, 2019, of at least $120,000,000115,000,000; and (g) during each subsequent twelve month period thereafter, of at least an amount that is $15,000,000 more than the Minimum Required Revenue for the immediately preceding twelve month period.

Minimum Revenue. Borrower and its Subsidiaries shall have annual Revenue from sales, marketing or distribution the sale of the Product and related services (for each respective measured periodcalendar year, 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 twelve month period beginning on January 1, 2017, of at least $110,000,000; and10,000,000; (db) during the twenty-four twelve month period beginning on January 1, 2018, of at least $120,000,000; and20,000,000; (ec) during the twenty-four twelve month period beginning on January 1, 2019, of at least $120,000,00030,000,000; (d) during the twelve month period beginning on January 1, 2020, of at least $50,000,000; (e) during the twelve month period beginning on January 1, 2021, of at least $60,000,000; and (f) during the twelve month period beginning on January 1, 2022, of at least $70,000,000.

Minimum Revenue. Borrower (a) Borrowers and its their Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”):: (ai) during the twenty-four twelve month period beginning on January 1, 2015, of at least $45,000,00030,000,000; (bii) during the twenty-four twelve month period beginning on January 1, 2016, of at least $80,000,00045,000,000; (ciii) during the twenty-four twelve month period beginning on January 1, 2017, of at least $110,000,000; and60,000,000; (div) during the twenty-four twelve month period beginning on January 1, 2018, of at least $120,000,00075,000,000; and (ev) during the twenty-four each twelve month period beginning on January 1, 20192019 and each twelve month period beginning on each January 1 thereafter, of at least $120,000,00090,000,000.

Minimum Revenue. Borrower (a) Borrowers and its their Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”):: (ai) during the twenty-four twelve month period beginning on January 1, 2015, of at least $45,000,00030,000,000; (bii) during the twenty-four twelve month period beginning on January 1, 2016, of at least $80,000,00043,000,000; (ciii) during the twenty-four twelve month period beginning on January 1, 2017, of at least $110,000,000; and55,000,000; (div) during the twenty-four twelve month period beginning on January 1, 2018, of at least $120,000,00070,000,000; and (ev) during the twenty-four each twelve month period beginning on January 1, 20192019 and each twelve month period beginning on each January 1 thereafter, of at least $120,000,00090,000,000.

Minimum Revenue. Borrower and its Subsidiaries shall have annual Revenue from sales, marketing or distribution sales of the Product and related services (for each respective measured periodcalendar year, the “Minimum Required Revenue”): (a) during the twenty-four twelve month period beginning on January 1, 2015, of at least $45,000,0007,000,000; (b) during the twenty-four twelve month period beginning on January 1, 2016, of at least $80,000,00023,000,000; (c) during the twenty-four twelve month period beginning on January 1, 2017, of at least $110,000,000; and40,000,000; (d) during the twenty-four twelve month period beginning on January 1, 2018, of at least $120,000,000; and50,000,000; (e) during the twenty-four twelve month period beginning on January 1, 2019, of at least $120,000,00060,000,000; and (f) during the twelve month period beginning on January 1, 2020, and every calendar year thereafter, of at least $70,000,000.