Minimum Subscription Revenue Sample Clauses
The Minimum Subscription Revenue clause sets a baseline amount of revenue that must be generated from subscriptions within a specified period. This clause typically applies to agreements where one party provides a service or platform and expects a guaranteed minimum income from subscribers, regardless of actual usage or subscriber count. By establishing this revenue floor, the clause ensures predictable income for the provider and mitigates the risk of underperformance or insufficient subscriber uptake.
Minimum Subscription Revenue. As of the last day of each quarter set forth below, achieve software subscription revenue for such quarter of not less than the following amounts for Borrower and its Subsidiaries on a consolidated basis: October 31, 2016 $ 27,500,000 January 31, 2017 $ 31,000,000 Thereafter 75% of the approved plan of the Board of Directors of Borrower