Common use of Minimum Total Revenue Clause in Contracts

Minimum Total Revenue. As of the end of the fiscal quarter ended June 30, 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: June 30, 2021 $15,017,000 September 30, 2021 $16,844,000 December 31, 2021 $19,482,000 March 31, 2022 $22,988,000 June 30, 2022 $27,455,000 September 30, 2022 $32,305,000 December 31, 2022 $37,938,000 March 31, 2023 $42,076,000 June 30, 2023 $46,752,000 September 30, 2023 $51,562,000 December 31, 2023 $56,730,000 March 31, 2024 $62,891,000 June 30, 2024 $69,064,000 September 30, 2024 $74,442,000 December 31, 2024 $79,227,000 March 31, 2025 $85,526,000 June 30, 2025 $92,295,000 September 30, 2025 $99,058,000 December 31, 2025 $106,016,000

Appears in 2 contracts

Samples: Credit Agreement (IsoPlexis Corp), Credit Agreement and Guaranty (IsoPlexis Corp)

AutoNDA by SimpleDocs

Minimum Total Revenue. As of the end of the fiscal quarter ended June 30March 31, 2021 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: June 30, 2021 $15,017,000 September 30, 2021 $16,844,000 December 31, 2021 $19,482,000 Twelve-Month Period Ended Minimum Total Revenue March 31, 2022 $22,988,000 16,797,000 June 30, 2022 $27,455,000 18,256,000 September 30, 2022 $32,305,000 21,722,000 December 31, 2022 $37,938,000 26,545,000 March 31, 2023 $42,076,000 30,179,000 June 30, 2023 $46,752,000 35,221,000 September 30, 2023 $51,562,000 40,649,000 December 31, 2023 $56,730,000 46,660,000 March 31, 2024 $62,891,000 51,615,000 June 30, 2024 $69,064,000 57,102,000 September 30, 2024 $74,442,000 63,486,000 December 31, 2024 $79,227,000 March 31, 2025 $85,526,000 June 30, 2025 $92,295,000 September 30, 2025 $99,058,000 December 31, 2025 $106,016,00071,575,000

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (IsoPlexis Corp), Credit Agreement and Guaranty (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 June 30, 2021 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: “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 $15,017,000 $ 34,707,000 September 30, 2021 $16,844,000 $ 37,447,000 December 31, 2021 $19,482,000 $ 40,300,000 March 31, 2022 $22,988,000 $ 42,040,000 June 30, 2022 $27,455,000 $ 43,779,000 September 30, 2022 $32,305,000 $ 45,590,000 December 31, 2022 $37,938,000 $ 47,400,000 March 31, 2023 $42,076,000 $ 48,759,000 June 30, 2023 $46,752,000 September 30, 2023 $51,562,000 December 31, 2023 $56,730,000 March 31, 2024 $62,891,000 June 30, 2024 $69,064,000 September 30, 2024 $74,442,000 December 31, 2024 $79,227,000 March 31, 2025 $85,526,000 June 30, 2025 $92,295,000 September 30, 2025 $99,058,000 December 31, 2025 $106,016,000$ 50,118,000

Appears in 1 contract

Samples: Credit Agreement (Chembio Diagnostics, Inc.)

AutoNDA by SimpleDocs

Minimum Total Revenue. As of the end of the fiscal quarter ended June 30March 31, 2021 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: June 30, 2021 $15,017,000 September 30, 2021 $16,844,000 December 31, 2021 $19,482,000 March 31, 2022 $22,988,000 16,797,000 June 30, 2022 $27,455,000 18,256,000 September 30, 2022 $32,305,000 21,722,000 December 31, 2022 $37,938,000 26,545,000 March 31, 2023 $42,076,000 30,179,000 June 30, 2023 $46,752,000 35,221,000 September 30, 2023 $51,562,000 40,649,000 December 31, 2023 $56,730,000 46,660,000 March 31, 2024 $62,891,000 51,615,000 June 30, 2024 $69,064,000 57,102,000 September 30, 2024 $74,442,000 63,486,000 December 31, 2024 $79,227,000 71,575,000 March 31, 2025 $85,526,000 June 30, 2025 $92,295,000 September 30, 2025 $99,058,000 December 31, 2025 $106,016,000 (B) Certain schedules, which supplement the Schedules to the Credit Agreement, are attached hereto as Annex A.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (IsoPlexis Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!