Minimum Revenues. On a consolidated basis with its Subsidiaries and measured quarterly as of the last day of each calendar quarter, Borrower shall maintain Revenues (as defined in clause (c), below, but determined under ASC-606) on a cumulative basis of not less than the minimum thresholds set forth below for the corresponding periods: Quarterly Period End Threshold Months in Calc. March 31, 2020 $11,000,000 12 June 30, 2020 $ 3,150,000 3 September 30, 2020 $ 6,200,000 6 December 31, 2020 $11,000,000 9 March 31, 2021 $15,000,000 12
Minimum Revenues. On each of the Computation Dates set forth below, the Borrower shall not permit the total cumulative revenues (calculated for the period of time beginning on February 1, 2003 and February 1, 2004 through such Computation Date) to be less than the minimum amount set forth below: MINIMUM COMPUTATION DATE CUMULATIVE REVENUES ---------------- ------------------- April 30, 2003 $2,200,000 July 31, 2003 $5,200,000 MINIMUM COMPUTATION DATE CUMULATIVE REVENUES ---------------- ------------------- October 31, 2003 $ 8,400,000 January 31, 2004 $12,200,000 April 30, 2004 $ 2,400,000
Minimum Revenues. The Borrower will not permit the aggregate amount of the revenues of the Borrower and its Subsidiaries from the operation of its network system for any period of four consecutive quarters ending during the following respective periods to be less than the following respective amounts: Period Amount ------ ------ From June 30, 1999 U.S. $25,000,000 through September 29, 1999 From September 30, 1999 U.S. $33,500,000 through December 30, 1999 From December 31, 1999 U.S. $43,500,000 through March 30, 2000 From March 31, 2000 U.S. $52,500,000 through June 29, 2000 From June 30, 2000 U.S. $65,500,000 through September 29, 2000 From September 30, 2000 U.S. $76,000,000 through December 30, 2000 From December 31, 2000 U.S. $88,000,000 through March 30, 2001 From March 31, 2001 U.S. $107,000,000 through June 29, 2001 From June 30, 2001 U.S. $123,500,000 through September 29, 2001 From September 30, 2001 U.S. $141,000,000 through December 30, 2001 From December 31, 2001 U.S. $160,000,000 and at all times thereafter
Minimum Revenues. The Borrower will maintain minimum Consolidated gross income of Twenty Million Dollars ($20,000,000) for the twelve (12) months ending on September 30, 2017 and for the twelve (12) month period ending on the last day of each Fiscal Quarter thereafter, provided that the required minimum Consolidated gross income amount shall be increased by an amount equal to 200% of any Additional Tranche advanced to Borrower hereunder (whether or not then outstanding).
Minimum Revenues. Borrower agrees, that so long as any Credit Exposure exists, Borrower shall not permit the average monthly total revenues of Borrower and its consolidated Subsidiaries (as provided in the financial statements delivered to Agent pursuant to Section 4.1(a) hereof), calculated on a trailing twelve month basis, to equal less than $11,600,000 per month for a period of three (3) consecutive months.
Minimum Revenues. Borrower shall not permit Total Revenues for any Fiscal Quarter to be less than $100,000,000.
Minimum Revenues. The Borrower will not permit the ----------------- consolidated revenue of the Borrower and the Restricted Subsidiaries for any fiscal quarter ending on a date listed below to be less than the amount listed opposite such date: Date Amount ---- ------ September 30, 1998 $ 3,900 December 31, 1998 83,700 March 31, 1999 335,300 June 30, 1999 718,500
Minimum Revenues. For a period often (10) calendar years, Xxxxxxx shall guarantee a certain minimum amount of revenues to ACTII from Xxxxxxx from the purchase of Product under the Supply Agreement (the “Minimum Revenues”), unless Xxxxxxx realizes the cumulative Minimum Revenues prior to the expansion of such 10-year period, all in accordance with this Section 3.4 and the subsections below.
Minimum Revenues. As of the last day of each month, Borrower’s rolling three (3) month revenues for such month shall not be less than seventy-five percent (75%) of Borrower’s projected revenues for such period as outlined in Borrower’s business plan dated July 17, 2009.
Minimum Revenues. (a) With respect to Combidex, for each full twelve-month period beginning on the first day of the fiscal quarter commencing after the Combidex Approval Date, the total amount of revenue to AM resulting from royalties on Agent Net Sales of Combidex under this Agreement and payments for Combidex under the Supply Agreement shall not be less than: First Year $***** Second Year $***** Third Year $***** Fourth Year $***** Fifth Year $***** Thereafter ***** --------------------------------- ***** Confidential portion omitted and filed separately with the Securities and Exchange Commission. If such revenues are less than such amount in any period, AM shall have the right to elect that the licenses and rights granted under this Agreement with respect to Combidex be converted to non-exclusive licenses and rights.
