Minimum Total Revenue. As of the end of the fiscal quarter ended March 31, 2022 and each fiscal quarter thereafter, the Obligors shall maintain, on a consolidated basis, Total Revenue for the twelve (12) month period most recently ended on such date of not less than the amount set forth in the table below: Twelve-Month Period Ended Minimum Total Revenue March 31, 2022 $16,797,000 June 30, 2022 $18,256,000 September 30, 2022 $21,722,000 December 31, 2022 $26,545,000 March 31, 2023 $30,179,000 June 30, 2023 $35,221,000 September 30, 2023 $40,649,000 December 31, 2023 $46,660,000 March 31, 2024 $51,615,000 June 30, 2024 $57,102,000 September 30, 2024 $63,486,000 December 31, 2024 $71,575,000
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Samples: Credit Agreement and Guaranty (IsoPlexis Corp), Credit Agreement and Guaranty (IsoPlexis Corp)
Minimum Total Revenue. As of the end of the fiscal quarter ended March 31June 30, 2022 2021 and each fiscal quarter thereafter, the Obligors shall maintain, on a consolidated basis, Total Revenue for the twelve (12) month period most recently ended on such date of not less than the amount set forth in the table below: Twelve-Month Period Ended Minimum Total Revenue June 30, 2021 $15,017,000 September 30, 2021 $16,844,000 December 31, 2021 $19,482,000 March 31, 2022 $16,797,000 22,988,000 June 30, 2022 $18,256,000 27,455,000 September 30, 2022 $21,722,000 32,305,000 December 31, 2022 $26,545,000 37,938,000 March 31, 2023 $30,179,000 42,076,000 June 30, 2023 $35,221,000 46,752,000 Twelve-Month Period Ended Minimum Total Revenue September 30, 2023 $40,649,000 51,562,000 December 31, 2023 $46,660,000 56,730,000 March 31, 2024 $51,615,000 62,891,000 June 30, 2024 $57,102,000 69,064,000 September 30, 2024 $63,486,000 74,442,000 December 31, 2024 $71,575,00079,227,000 March 31, 2025 $85,526,000 June 30, 2025 $92,295,000 September 30, 2025 $99,058,000 December 31, 2025 $106,016,000
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Minimum Total Revenue. As of the end of the fiscal quarter ended March 31, 2022 and each fiscal quarter thereafter, the Obligors shall maintain, on a consolidated basis, Total Revenue for the twelve (12) month period most recently ended on such date of not less than the amount set forth in the table below: Twelve-Month Period Ended Minimum Total Revenue March 31, 2022 $16,797,000 June 30, 2022 $18,256,000 September 30, 2022 $21,722,000 December 31, 2022 $26,545,000 March 31, 2023 $30,179,000 June 30, 2023 $35,221,000 September 30, 2023 $40,649,000 December 31, 2023 $46,660,000 March 31, 2024 $51,615,000 June 30, 2024 $57,102,000 September 30, 2024 $63,486,000 December 31, 2024 $71,575,00071,575,000 March 31, 2025 $85,526,000 June 30, 2025 $92,295,000 September 30, 2025 $99,058,000 December 31, 2025 $106,016,000
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Minimum Total Revenue. As of the end of the fiscal quarter ended March 31June 30, 2022 2021 and each fiscal quarter thereafter, the Obligors shall maintain, on a consolidated basis, Total Revenue for the twelve (12) month period most recently ended on such date of not less than the amount set forth in the table below: Twelve-Month Period Ended Minimum Total Revenue June 30, 2021 $15,017,000 September 30, 2021 $16,844,000 December 31, 2021 $19,482,000 March 31, 2022 $16,797,000 22,988,000 June 30, 2022 $18,256,000 27,455,000 September 30, 2022 $21,722,000 32,305,000 December 31, 2022 $26,545,000 37,938,000 March 31, 2023 $30,179,000 42,076,000 June 30, 2023 $35,221,000 46,752,000 September 30, 2023 $40,649,000 51,562,000 December 31, 2023 $46,660,000 56,730,000 March 31, 2024 $51,615,000 62,891,000 June 30, 2024 $57,102,000 69,064,000 September 30, 2024 $63,486,000 74,442,000 December 31, 2024 $71,575,00079,227,000 March 31, 2025 $85,526,000 June 30, 2025 $92,295,000 September 30, 2025 $99,058,000 December 31, 2025 $106,016,000
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Samples: Credit Agreement (IsoPlexis Corp)
Minimum Total Revenue. As of (a) On each date set forth below (a “Calculation Date”) under the end of the fiscal quarter ended March 31, 2022 and each fiscal quarter thereafterheading Calculation Date, the Obligors shall maintain, on a consolidated basis, Total Revenue for the twelve four (124) month period most recently consecutive fiscal quarters ended on such date of Calculation Date shall not be less than the amount set forth in opposite such Calculation Date (such amount, the table below: Twelve-Month Period Ended “Minimum Total Revenue”): Calculation Date Minimum Total Revenue September 30, 2019 $ 31,970,000 December 31, 2019 $ 31,974,000 March 31, 2020 $ 31,982,000 June 30, 2020 $ 30,700,000 September 30, 2020 $ 31,754,000 December 31, 2020 $ 31,578,000 March 31, 2021 $ 33,142,000 June 30, 2021 $ 34,707,000 September 30, 2021 $ 37,447,000 December 31, 2021 $ 40,300,000 March 31, 2022 $16,797,000 $ 42,040,000 June 30, 2022 $18,256,000 $ 43,779,000 September 30, 2022 $21,722,000 $ 45,590,000 December 31, 2022 $26,545,000 $ 47,400,000 March 31, 2023 $30,179,000 $ 48,759,000 June 30, 2023 $35,221,000 September 30, 2023 $40,649,000 December 31, 2023 $46,660,000 March 31, 2024 $51,615,000 June 30, 2024 $57,102,000 September 30, 2024 $63,486,000 December 31, 2024 $71,575,000$ 50,118,000
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