Common use of Minimum Revenue Clause in Contracts

Minimum Revenue. As of the last day of each fiscal quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues of the Borrower and its Subsidiaries for the trailing twelve month period ending on the last day of such fiscal quarter to be less than the amount set forth below of each applicable period: December 31, 2022 $ 226,500,000.00 March 31, 2023 $ 253,100,000.00 June 30, 2023 $ 283,500,000.00 September 30, 2023 $ 312,900,000.00 December 31, 2023 $ 342,700,000.00 March 31, 2024 $ 371,600,000.00 June 30, 2024 $ 408,300,000.00 September 30, 2024 $ 443,000,000.00 December 31, 2024 $ 459,100,000.00 March 31, 2025 $ 487,900,000.00 June 30, 2025 $ 521,900,000.00 September 30, 2025 $ 556,700,000.00 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.00

Appears in 6 contracts

Samples: Credit Agreement (Tempus AI, Inc.), Credit Agreement (Tempus AI, Inc.), Credit Agreement (Tempus AI, Inc.)

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Minimum Revenue. As of the last day of each fiscal quarterquarter set forth below, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues of the Borrower and its Subsidiaries shall have received Revenue (exclusive of any non-recurring Revenue from royalties, licenses or other sources), for the trailing twelve (12) consecutive month period ending on the last day of such fiscal quarter to be quarter, in an aggregate amount not less than the corresponding amount set forth below of each applicable periodopposite such fiscal quarter: June 30, 2019 $34,322,000 September 30, 2019 $35,945,000 December 31, 2019 $36,710,000 March 31, 2020 $38,162,000 June 30, 2020 $43,193,000 September 30, 2020 $48,225,000 December 31, 2020 $54,262,000 March 31, 2021 $58,550,000 June 30, 2021 $63,909,000 September 30, 2021 $69,269,000 December 31, 2021 $75,700,000 March 31, 2022 $80,618,000 June 30, 2022 $86,765,000 September 30, 2022 $92,913,000 December 31, 2022 $ 226,500,000.00 $100,289,000 March 31, 2023 $ 253,100,000.00 June 30, 2023 $ 283,500,000.00 September 30, 2023 $ 312,900,000.00 December 31, 2023 $ 342,700,000.00 March 31, 2024 $ 371,600,000.00 June 30, 2024 $ 408,300,000.00 September 30, 2024 $ 443,000,000.00 December 31, 2024 $ 459,100,000.00 March 31, 2025 $ 487,900,000.00 June 30, 2025 $ 521,900,000.00 September 30, 2025 $ 556,700,000.00 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.00$102,628,000

Appears in 2 contracts

Samples: Credit Agreement (ArcherDX, Inc.), Credit Agreement (ArcherDX, Inc.)

Minimum Revenue. As of the last day of each fiscal quarterFiscal Quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues Consolidated Total Revenue of the Borrower and its Restricted Subsidiaries for the trailing twelve month four Fiscal Quarter period ending on the last day of such fiscal quarter then ended shall be equal to be less or greater than the amount level corresponding to such period and set forth below of each applicable periodin the following table: |US-DOCS\140731213.5|| March 31, 2021 $2,418,000,000 June 30, 2021 $2,418,000,000 September 30, 2021 $2,418,000,000 December 31, 2021 $2,418,000,000 March 31, 2022 $2,418,000,000 June 30, 2022 $2,418,000,000 September 30, 2022 $2,418,000,000 December 31, 2022 $ 226,500,000.00 $2,418,000,000 March 31, 2023 $ 253,100,000.00 $3,799,000,000 June 30, 2023 $ 283,500,000.00 $3,799,000,000 September 30, 2023 $ 312,900,000.00 $3,799,000,000 December 31, 2023 $ 342,700,000.00 $3,799,000,000 March 31, 2024 $ 371,600,000.00 $4,668,000,000 June 30, 2024 $ 408,300,000.00 $4,668,000,000 September 30, 2024 $ 443,000,000.00 $4,668,000,000 December 31, 2024 $ 459,100,000.00 $4,668,000,000 March 31, 2025 $ 487,900,000.00 $4,668,000,000 June 30, 2025 $ 521,900,000.00 $4,668,000,000 September 30, 2025 $ 556,700,000.00 $4,668,000,000 December 31, 2025 and each fiscal quarter such period ending thereafter $ 594,100,000.00$4,668,000,000

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Compass, Inc.)

Minimum Revenue. As of the last day end of each fiscal quarter, commencing with the fiscal quarter ending December 31ended June 30, 20222024, and each fiscal quarter thereafter, the Borrower Obligors shall not permit maintain, on a consolidated Revenues of the Borrower and its Subsidiaries basis, Revenue for the trailing twelve (12) month period ending most recently ended on the last day such date of such fiscal quarter to be not less than the amount set forth below of each applicable periodin the table below: December 31, 2022 $ 226,500,000.00 March 31, 2023 $ 253,100,000.00 June 30, 2023 $ 283,500,000.00 September 30, 2023 $ 312,900,000.00 December 31, 2023 $ 342,700,000.00 March 31, 2024 $ 371,600,000.00 Twelve-Month Period Ended Minimum Revenue June 30, 2024 $ 408,300,000.00 $43,600,000 September 30, 2024 $ 443,000,000.00 $46,200,000 December 31, 2024 $ 459,100,000.00 $51,800,000 March 31, 2025 $ 487,900,000.00 $56,900,000 June 30, 2025 $ 521,900,000.00 $60,400,000 September 30, 2025 $ 556,700,000.00 $64,600,000 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.00$67,400,000 March 31, 2026 $72,600,000 June 30, 2026 $75,300,000 #98195096v26 September 30, 2026 $81,000,000 December 31, 2026 $87,300,000 March 31, 2027 $94,100,000 June 30, 2027 $93,200,000 September 30, 2027 $100,300,000 December 31, 2027 $108,100,000 March 31, 2028 $116,400,000 June 30, 2028 $125,800,000 September 30, 2028 $135,200,000 December 31, 2028 $145,700,000 March 31, 2029 $156,500,000

Appears in 1 contract

Samples: Credit Agreement (SOPHiA GENETICS SA)

Minimum Revenue. As of the last day of each fiscal quarterFiscal Quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues Consolidated Total Revenue of the Borrower and its Restricted Subsidiaries for the trailing twelve month four Fiscal Quarter period ending on the last day of such fiscal quarter then ended shall be equal to be less or greater than the amount level corresponding to such period and set forth below of each applicable periodin the following table: Four Fiscal Quarter Period Ending Consolidated Total Revenue March 31, 2021 $ 2,418,000,000 June 30, 2021 $ 2,418,000,000 September 30, 2021 $ 2,418,000,000 December 31, 2021 $ 2,418,000,000 March 31, 2022 $ 2,418,000,000 June 30, 2022 $ 2,418,000,000 September 30, 2022 $ 2,418,000,000 December 31, 2022 $ 226,500,000.00 2,418,000,000 March 31, 2023 $ 253,100,000.00 3,799,000,000 June 30, 2023 $ 283,500,000.00 3,799,000,000 September 30, 2023 $ 312,900,000.00 3,799,000,000 December 31, 2023 $ 342,700,000.00 3,799,000,000 March 31, 2024 $ 371,600,000.00 4,668,000,000 June 30, 2024 $ 408,300,000.00 4,668,000,000 September 30, 2024 $ 443,000,000.00 4,668,000,000 December 31, 2024 $ 459,100,000.00 4,668,000,000 March 31, 2025 $ 487,900,000.00 4,668,000,000 June 30, 2025 $ 521,900,000.00 4,668,000,000 September 30, 2025 $ 556,700,000.00 4,668,000,000 December 31, 2025 and each fiscal quarter such period ending thereafter $ 594,100,000.004,668,000,000

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Compass, Inc.)

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Minimum Revenue. As of the last day of each fiscal quarterFiscal Quarter set forth below, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues of the Borrower and its Subsidiaries shall have received Revenue for the trailing twelve (12) consecutive month period ending on the last day of such fiscal quarter to be Fiscal Quarter, in an amount not less than the corresponding amount set forth below of each applicable periodopposite such Fiscal Quarter: December 31, 2020 $ 66,000,000 March 31, 2021 $ 66,000,000 June 30, 2021 $ 66,000,000 September 30, 2021 $ 72,600,000 December 31, 2021 $ 72,600,000 March 31, 2022 $ 72,600,000 June 30, 2022 $ 72,600,000 September 30, 2022 $ 79,860,000 December 31, 2022 $ 226,500,000.00 79,860,000 March 31, 2023 $ 253,100,000.00 79,860,000 June 30, 2023 $ 283,500,000.00 September 30, 2023 $ 312,900,000.00 December 31, 2023 $ 342,700,000.00 March 31, 2024 $ 371,600,000.00 June 30, 2024 $ 408,300,000.00 September 30, 2024 $ 443,000,000.00 December 31, 2024 $ 459,100,000.00 March 31, 2025 $ 487,900,000.00 June 30, 2025 $ 521,900,000.00 September 30, 2025 $ 556,700,000.00 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.0079,860,000

Appears in 1 contract

Samples: Credit Agreement (Athenex, Inc.)

Minimum Revenue. As of the last day of each fiscal quarterFiscal Quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues Consolidated Total Revenue of the Borrower and its Restricted Subsidiaries for the trailing twelve month four Fiscal Quarter period ending on the last day of such fiscal quarter then ended shall be equal to be less or greater than the amount level corresponding to such period and set forth below of each applicable periodin the following table: December July 31, 2019 $383,000,000 October 31, 2019 $430,000,000 January 31, 2020 $480,000,000 April 30, 2020 $531,000,000 July 31, 2020 $584,000,000 October 31, 2020 $642,000,000 January 31, 2021 $704,000,000 April 30, 2021 $769,000,000 July 31, 2021 $838,000,000 October 31, 2021 $914,000,000 January 31, 2022 $ 226,500,000.00 March $994,000,000 April 30, 2022 $994,000,000 July 31, 2022 $994,000,000 October 31, 2022 $994,000,000 January 31, 2023 $ 253,100,000.00 June $1,195,000,000 April 30, 2023 $ 283,500,000.00 September 30, 2023 $ 312,900,000.00 December $1,195,000,000 July 31, 2023 $ 342,700,000.00 March $1,195,000,000 October 31, 2024 $ 371,600,000.00 June 30, 2024 $ 408,300,000.00 September 30, 2024 $ 443,000,000.00 December 2023 $1,195,000,000 January 31, 2024 $ 459,100,000.00 March 312024, 2025 $ 487,900,000.00 June 30, 2025 $ 521,900,000.00 September 30, 2025 $ 556,700,000.00 December 31, 2025 and each fiscal quarter such period ending thereafter $ 594,100,000.00$1,370,000,000

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Slack Technologies, Inc.)

Minimum Revenue. As of the last day of each fiscal quarterquarter set forth below (each, commencing with the fiscal quarter ending December 31a “Calculation Date”), 2022, the Borrower shall not permit consolidated Revenues of the Borrower and its Subsidiaries shall have received Revenue, for the trailing twelve (12) month consecutive period ending on the last day of such fiscal quarter to be Calculation Date, in an aggregate amount not less than the corresponding amount set forth below of each applicable periodopposite such Calculation Date: June 30, 2021 $13,971,000 September 30, 2021 $20,018,000 December 31, 2021 $26,364,000 March 31, 2022 $43,949,000 June 30, 2022 $59,158,000 September 30, 2022 $73,428,000 December 31, 2022 $ 226,500,000.00 $83,409,000 March 31, 2023 $ 253,100,000.00 $101,606,000 June 30, 2023 $ 283,500,000.00 $119,803,000 September 30, 2023 $ 312,900,000.00 $125,000,000 December 31, 2023 $ 342,700,000.00 $125,000,000 March 31, 2024 $ 371,600,000.00 $125,000,000 June 30, 2024 $ 408,300,000.00 $125,000,000 September 30, 2024 $ 443,000,000.00 $125,000,000 December 31, 2024 $ 459,100,000.00 $125,000,000 March 31, 2025 $ 487,900,000.00 June 30, 2025 $ 521,900,000.00 September 30, 2025 $ 556,700,000.00 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.00$125,000,000

Appears in 1 contract

Samples: Credit Agreement (Thimble Point Acquisition Corp.)

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