Common use of Minimum Revenue Clause in Contracts

Minimum Revenue. (a) Borrower and its Subsidiaries shall have Revenue: (i) during the twelve month period beginning on January 1, 2013, of at least $5,000,000; (ii) during the twelve month period beginning on January 1, 2014, of at least $25,000,000; (iii) during the twelve month period beginning on January 1, 2015, of at least $50,000,000; (iv) during the twelve month period beginning on January 1, 2016, of at least $75,000,000; (v) during the twelve month period beginning on January 1, 2017, of at least $100,000,000; (vi) during the twelve month period beginning on January 1, 2018, and each twelve month period following thereafter, of at least $125,000,000. It is acknowledged and agreed that the financial covenant described in clause (a) above shall only be tested on the last day of each applicable period referenced in clauses(a)(i) through (a)(vi) above.

Minimum Revenue. (a) Borrower and its Subsidiaries shall have Revenue: (i) during the twelve month period beginning on January 1, 2013, of at least $5,000,000; (ii) during the twelve month period beginning on January 1, 2014, of at least $25,000,00030,000,000; (iiiii) during the twelve month period beginning on January 1, 2015, of at least $50,000,000; (iviii) during the twelve month period beginning on January 1, 2016, of at least $75,000,00065,000,000; (viv) during the twelve month period beginning on January 1, 2017, of at least $100,000,00080,000,000; (viv) during the twelve month period beginning on January 1, 2018, and of at least $95,000,000; and (vi) during each twelve month period following thereafter, of at least $125,000,000. It is acknowledged and agreed that the financial covenant described in clause (a) above shall only be tested on the last day of each applicable period referenced in clauses(a)(i) through (a)(vi) above95,000,000.