Common use of Minimum Revenue Clause in Contracts

Minimum Revenue. Minimum Revenue, based on the most recent quarterly financial statement delivered to Bank pursuant to Section 6.2 of this Agreement of not less than the following amounts for the following periods: $11,400,000 for the quarter ending September 30, 2001; $12,700,000 for the quarter ending December 31, 2001; $13,400,000 for the quarter ending March 31, 2002; $14,700,000 for the quarter ending June 30, 2002; $16,200,000 for the quarter ending September 30, 2002; and $16,900,000 for the quarter ending December 31, 2002.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blackboard Inc), Loan and Security Agreement (Blackboard Inc)

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Minimum Revenue. Minimum Revenue, based on the most recent quarterly financial statement delivered to Bank pursuant to Section 6.2 of this Agreement of not less than the following amounts for the following periods: $11,400,000 for the quarter ending September 30, 2001; $12,700,000 for the quarter ending December 31, 2001; $13,400,000 for the quarter ending March 31, 2002; $14,700,000 for the quarter ending June 30, 2002; $16,200,000 16,500,000 for the quarter ending September 30, 2002; and $16,900,000 16,700,000 for the quarter ending December 31, 2002.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blackboard Inc), Loan and Security Agreement (Blackboard Inc)

Minimum Revenue. Minimum Revenue, based on the most recent quarterly financial statement delivered to Bank pursuant to Section 6.2 of this Agreement of not less than the following amounts for the following periods: $11,400,000 15,600,000 for the quarter ending March 31, 2003; $17,700,000 for the quarter ending June 30, 2003; $19,200,000 for the quarter ending September 30, 20012003; $12,700,000 20,400,000 for the quarter ending December 31, 20012003; and $13,400,000 20,400,000 for the quarter ending March 31, 2002; $14,700,000 for the quarter ending June 30, 2002; $16,200,000 for the quarter ending September 30, 2002; and $16,900,000 for the quarter ending December 31, 20022004.

Appears in 2 contracts

Samples: Loan and Security Agreement (Blackboard Inc), Loan and Security Agreement (Blackboard Inc)

Minimum Revenue. Minimum Revenue, based on the most recent quarterly financial statement delivered to Bank pursuant to Section 6.2 of this Agreement of not less than the following amounts for the following periods: $11,400,000 22,300,000 for the quarter ending September 30, 2001; $12,700,000 for the quarter ending December 31, 2001; $13,400,000 for the quarter ending March 31, 2002; $14,700,000 for the quarter ending June 30, 2002; $16,200,000 for the quarter ending September 30, 2002; and $16,900,000 for the quarter ending December 31, 2002.2004;

Appears in 1 contract

Samples: Loan and Security Agreement (Blackboard Inc)

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Minimum Revenue. Minimum Revenue, based on the most recent quarterly financial statement delivered to Bank pursuant to Section 6.2 of this Agreement of not less than the following amounts for the following periods: $11,400,000 for the quarter ending September 30, 2001; $12,700,000 for the quarter ending December 31, 2001; $13,400,000 20,000,000 for the quarter ending March 31, 20022004; and $14,700,000 21,000,000 for the quarter ending June 30, 2002; $16,200,000 for the quarter ending September 30, 2002; and $16,900,000 for the quarter ending December 31, 2002.2004;

Appears in 1 contract

Samples: Loan and Security Agreement (Blackboard Inc)

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