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
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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-606ASC-605) on a cumulative basis of not less than the minimum thresholds set forth below for the corresponding periods: Quarterly Period End Ending Threshold Months in Calc. Period Calc June 30, 2019 $ 3,150,000 3 (4/1/19 - 6/30) September 30, 2019 $ 6,200,000 6 (4/1 - 9/30) December 31, 2019 $ 11,000,000 9 (4/1 - 12/31) March 31, 2020 $11,000,000 $ 15,000,000 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(4/1 β 3/31/20)
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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-606ASC-605) on a cumulative basis of not less than the minimum thresholds set forth below for the corresponding periods: Quarterly Period End Ending Threshold Months in Calc. Period Calc June 30, 2019 $ 3,400,000 3 (4/1/19 - 6/30) September 30, 2019 $ 6,900,000 6 (4/1 - 9/30) December 31, 2019 $ 11,600,000 9 (4/1 - 12/31) March 31, 2020 $11,000,000 $ 16,000,000 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(4/1 - 3/31/20)
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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 Ending Threshold Months in Calc. Period Calc March 31, 2020 2018 $11,000,000 12 2,000,000 3 June 30, 2020 $ 3,150,000 3 2018 $3,700,000 6 September 30, 2020 $ 6,200,000 6 2018 $6,300,000 9 December 31, 2020 2018 $11,000,000 9 9,200,000 12 March 31, 2021 2019 $15,000,000 1212,700,000 15
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