Minimum Revenue. On each date set forth below (a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net Revenue for the trailing twelve-month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: December 31, 2018 $ 11,337,000 March 31, 2019 $ 11,430,000 June 30, 2019 $ 10,822,000 September 30, 2019 $ 10,777,000 December 31, 2019 $ 10,836,000 March 31, 2020 $ 11,256,000 June 30, 2020 $ 12,112,000 September 30, 2020 $ 12,604,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,000
Appears in 5 contracts
Samples: Forbearance Agreement and Third Amendment to Credit Agreement and Guaranty (Icagen, Inc.), Forbearance Agreement and Second Amendment to Credit Agreement and Guaranty (Icagen, Inc.), Forbearance Agreement and Third Amendment to Credit Agreement and Guaranty (Icagen, Inc.)
Minimum Revenue. On each calculation date set forth below in the column entitled “Calculation Date” (each, a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net ), Revenue for the trailing twelve-month four consecutive fiscal quarter period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Datein the column entitled “Revenue”: December 31, 2018 $ 11,337,000 March 31, 2019 $ 11,430,000 June 30, 2019 $ 10,822,000 September 30, 2019 $ 10,777,000 December 31, 2019 $ 10,836,000 March 31, 2020 $ 11,256,000 June 30, 2020 $ 12,112,000 September 30, 2020 $ 12,604,000 $49,376,000 December 31, 2020 $ 14,117,000 $50,725,000 March 31, 2021 $ 14,258,000 $51,966,000 June 30, 2021 $ 14,435,000 $53,153,000 September 30, 2021 $ 14,590,000 $54,314,000 December 31, 2021 $ 14,823,000 $55,797,000 March 31, 2022 $ 14,971,000 $57,163,000 June 30, 2022 $ 15,157,000$58,468,000 September 30, 2022 $59,746,000 December 31, 2022 $61,377,000 March 31, 2023 $62,879,000
Appears in 2 contracts
Samples: Business Financing Agreement (Vapotherm Inc), Business Financing Agreement (Vapotherm Inc)
Minimum Revenue. On Subject to Section 10.03 below, on each calculation date set forth below (each, a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net ), Revenue for the trailing twelve-twelve consecutive month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: March 31, 2018 $ 2,300,000 June 30, 2018 $ 3,000,000 September 30, 2018 $ 4,600,000 December 31, 2018 $ 11,337,000 6,000,000 March 31, 2019 $ 11,430,000 8,000,000 June 30, 2019 $ 10,822,000 11,000,000 September 30, 2019 $ 10,777,000 14,000,000 December 31, 2019 $ 10,836,000 17,000,000 March 31, 2020 $ 11,256,000 20,500,000 June 30, 2020 $ 12,112,000 24,000,000 September 30, 2020 $ 12,604,000 27,500,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,00032,000,000
Appears in 2 contracts
Samples: Credit Agreement (Sonendo, Inc.), Credit Agreement (Sonendo, Inc.)
Minimum Revenue. On each date set forth below (a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net Revenue for the trailing twelve-month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: Calculation Date Net Revenue December 31, 2018 $ 11,337,000 March 31, 2019 $ 11,430,000 June 30, 2019 $ 10,822,000 September 30, 2019 $ 10,777,000 December 31, 2019 $ 10,836,000 March 31, 2020 $ 11,256,000 June 30, 2020 $ 12,112,000 September 30, 2020 $ 12,604,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,000
Appears in 2 contracts
Samples: Forbearance Agreement and First Amendment to Credit Agreement and Guaranty (Icagen, Inc.), Forbearance Agreement and Second Amendment to Credit Agreement and Guaranty (Icagen, Inc.)
Minimum Revenue. On each date set forth below (a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net Revenue for the trailing twelve-month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: Calculation Date Net Revenue December 31, 2018 $ 11,337,000 March 31, 2019 $ 11,430,000 June 30, 2019 $ 10,822,000 Calculation Date Net Revenue September 30, 2019 $ 10,777,000 December 31, 2019 $ 10,836,000 March 31, 2020 $ 11,256,000 June 30, 2020 $ 12,112,000 September 30, 2020 $ 12,604,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,000
Appears in 1 contract
Samples: Forbearance Agreement and First Amendment to Credit Agreement and Guaranty (Icagen, Inc.)
Minimum Revenue. On each calculation date set forth below in the column entitled “Calculation Date” (each, a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net ), Revenue for the trailing twelve-month four consecutive fiscal quarter period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Datein the column entitled “Revenue”: June 30, 2018 $ 35,792,000 September 30, 2018 $ 36,787,000 December 31, 2018 $ 11,337,000 38,779,000 March 31, 2019 $ 11,430,000 41,316,000 June 30, 2019 $ 10,822,000 43,019,000 September 30, 2019 $ 10,777,000 44,612,000 December 31, 2019 $ 10,836,000 46,114,000 March 31, 2020 $ 11,256,000 47,242,000 June 30, 2020 $ 12,112,000 48,321,000 September 30, 2020 $ 12,604,000 49,376,000 December 31, 2020 $ 14,117,000 50,725,000 March 31, 2021 $ 14,258,000 51,966,000 June 30, 2021 $ 14,435,000 53,153,000 September 30, 2021 $ 14,590,000 54,314,000 December 31, 2021 $ 14,823,000 55,797,000 March 31, 2022 $ 14,971,000 57,163,000 June 30, 2022 $ 15,157,00058,468,000 September 30, 2022 $ 59,746,000 December 31, 2022 $ 61,377,000 March 31, 2023 $ 62,879,000
Appears in 1 contract
Samples: Credit Agreement (Vapotherm Inc)
Minimum Revenue. On each calculation date set forth below in the column entitled “Calculation Date” (each, a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net ), Revenue for the trailing twelve-month four consecutive fiscal quarter period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Datein the column entitled “Revenue”: June 30, 2018 $ 35,792,000 September 30, 2018 $ 36,787,000 December 31, 2018 $ 11,337,000 38,779,000 March 31, 2019 $ 11,430,000 41,316,000 June 30, 2019 $ 10,822,000 43,019,000 September 30, 2019 $ 10,777,000 44,612,000 December 31, 2019 $ 10,836,000 46,114,000 March 31, 2020 $ 11,256,000 47,242,000 June 30, 2020 $ 12,112,000 48,321,000 September 30, 2020 $ 12,604,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,00049,376,000
Appears in 1 contract
Minimum Revenue. On each calculation date set forth below (each, a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net ), Revenue for the trailing twelve-twelve consecutive month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: December 31, 2018 $ 11,337,000 March 31, 2019 $ 11,430,000 June 30, 2019 $ 10,822,000 September 30, 2019 $ 10,777,000 December 31, 2019 $ 10,836,000 March 31, 2020 $ 11,256,000 June 30, 2020 $ 12,112,000 September 30, 2020 $ 12,604,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 26,400,000 December 31, 2021 $ 14,823,000 24,900,000 March 31, 2022 $ 14,971,000 23,200,000 June 30, 2022 $ 15,157,00024,900,000 September 30, 2022 $ 26,500,000 December 31, 2022 $ 29,500,000 March 31, 2023 $ 31,600,000 June 30, 2023 $ 34,300,000 September 30, 2023 $ 36,600,000 December 31, 2023 $ 39,300,000 March 31, 2024 $ 42,400,000 June 30, 2024 $ 47,200,000 September 30, 2024 $ 52,000,000 December 31, 2024 $ 58,600,000 March 31, 2025 $ 63,900,000 June 30, 2025 $ 69,700,000 September 30, 2025 $ 74,400,000 December 31, 2025 $ 81,000,000 March 31, 2026 $ 86,800,000 June 30, 2026 $ 95,300,000
Appears in 1 contract
Samples: Credit Agreement (Sonendo, Inc.)