MINIMUM YEAR Sample Clauses

MINIMUM YEAR. TO-DATE NET INCOME. Borrower will achieve, as of each period described below, Net Income of not less than the amount set forth opposite such period: MINIMUM YEAR-TO-DATE PERIOD NET INCOME ----------------------------------------------- -------------------------------- Seven months ending July 31, 2003 $1,750,000 Eight months ending August 31, 2003 $1,860,000 Nine months ending September 30, 2003 $1,970,000 Ten months ending October 31, 2003 $2,080,000 Eleven months ending November 30, 2003 $2,190,000 Twelve months ending December 31, 2003 $2,300,000 Month ending January 31, 2004 $200,000 Two months ending February 28, 2004 $400,000 Three months ending March 31, 2004 $600,000 Four months ending April 30, 2004 $800,000 Five months ending May 31, 2004 $1,050,000 Six months ending June 30, 2004 $1,300,000 Seven months ending July 31, 2004 $1,550,000 Eight months ending August 31, 2004 $1,800,000 Nine months ending September 30, 2004 $2,100,000 Ten months ending October 31, 2004 $2,400,000 Eleven months ending November 30, 2004 $2,700,000 Twelve months ending December 31, 2004 $3,000,000"
Sample 1
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MINIMUM YEAR. TO-DATE PRE-TAX NET INCOME. The Borrowers will achieve, during each period described below, Pre-Tax Net Income, determined on a consolidated basis, of not less than the amount set forth opposite such period: PERIOD MINIMUM PRE-TAX NET INCOME Nine months ending September 30, 2000 $5,000,000 Fiscal year ending December 31, 2000 $6,700,000 On or before December 31, 2000, the Borrowers and the Lender shall agree on the required minimum Pre-Tax Net Income levels for periods after such date, which levels shall be set in the Lender's discretion based on the business plan of the Borrowers for the fiscal year ending December 31, 2001.
Sample 1
MINIMUM YEAR. TO-DATE NET INCOME. Borrower will achieve, as of each period described below, Net Income of not less than the amount set forth opposite such period: MINIMUM YEAR-TO-DATE NET PERIOD INCOME ------ ------ Two months ending February 29, 2004 $300,000 Three months ending March 31, 2004 $375,000 Four months ending April 30, 2004 $450,000 Five months ending May 31, 2004 $550,000 Six months ending June 30, 2004 $700,000 Seven months ending July 31, 2004 $900,000 Eight months ending August 31, 2004 $1,125,000 Nine months ending September 30, 2004 $1,375,000 Ten months ending October 31, 2004 $1,575,000 Eleven months ending November 30, 2004 $1,800,000 Twelve months ending December 31, 2004 $2,050,000 MINIMUM YEAR-TO-DATE NET PERIOD INCOME ------ ------ Month ending January 31 of each year thereafter $200,000 Two months ending February 29 of each year thereafter $400,000 Three months ending March 31 of each year thereafter $600,000 Four months ending April 30 of each year thereafter $800,000 Five months ending May 31 of each year thereafter $1,050,000 Six months ending June 30 of each year thereafter $1,300,000 Seven months ending July 31 of each year thereafter $1,550,000 Eight months ending August 31 of each year thereafter $1,800,000 Nine months ending September 30 of each year thereafter $2,100,000 Ten months ending October 31 of each year thereafter $2,400,000 Eleven months ending November 30 of each year thereafter $2,700,000 Twelve months ending December 31 of each year thereafter $3,000,000
Sample 1
MINIMUM YEAR. TO-DATE NET INCOME. The Borrower will achieve as at the end of each period described below, Net Income of not less than the amount set forth below:
Sample 1
MINIMUM YEAR. TO-DATE NET INCOME. Borrower will achieve, as of each period described below, Net Income of not less than the amount set forth opposite such period: MINIMUM YEAR-TO- PERIOD DATE NET INCOME ------ --------------- One month ending January 31 of each year $150,000 Two months ending February 28 of each year $250,000 Three months ending March 31 of each year $450,000 Four months ending April 30 of each year $600,000 Five months ending May 31 of each year $750,000 Six months ending June 30 of each year $900,000 Seven months ending July 31 of each year $1,050,000 Eight months ending August 31 of each year $1,150,000 Nine months ending September 30 of each year $1,350,000 Ten months ending October 31 of each year $1,500,000 Eleven months ending November 30 of each year $1,600,000 Twelve months ending December 31 of each year $1,800,000"
Sample 1

Related to MINIMUM YEAR

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • Minimum Cash A. Minimum daily balance of cash and Permitted Cash Equivalent Investments of Borrower and its Subsidiaries during the most recently ended fiscal quarter of Borrower: $

  • Minimum Payments If the Executive’s Termination Date occurs during the Agreement Term for any reason, the Executive shall be entitled to the following payments, in addition to any payments or benefits to which the Executive may be entitled under the following provisions of this Section 5 (other than this paragraph 5(a)) or the express terms of any employee benefit plan or as required by law:

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Minimum Annual Royalty During the TERM of this SUB-LICENSE, ADAPTIMMUNE shall pay to LTC a non-refundable minimum annual royalty (“MINIMUM ANNUAL ROYALTY”) of: (a) *** dollars ($***) for each full or partial calendar year during which there is no APPROVAL OBTAINED for any LICENSED T CELL PRODUCT, and (b) for the first full calendar year following the date that there is APPROVAL OBTAINED and thereafter, a non-refundable MINIMUM ANNUAL ROYALTY that is equal to fifty percent (50%) of ADAPTIMMUNE’s earned running royalties for the sale by ADAPTIMMUNE and its AFFILIATES of such LICENSED T CELL PRODUCTS in the previous calendar year. The MINIMUM ANNUAL ROYALTY will be fully-creditable against running royalties due and payable by ADAPTIMMUNE and its AFFILIATES on account of running royalties under Section 4.3 for the applicable calendar year for which such MINIMUM ANNUAL ROYALTY relates, but shall not be creditable against any MILESTONE PAYMENTS (defined at Section 4.4) made at any time. Any difference between the MINIMUM ANNUAL ROYALTY due for a particular calendar year, and the running royalties due and payable for such calendar year, will be paid along with the royalty payment and royalty report due for the fourth (4th) quarter of each calendar year (e.g. within forty-five (45) days of each December 31) in accordance with Section 4.6. For clarification purposes, MINIMUM ANNUAL ROYALTIES are not refundable in whole or in part.

  • Minimum Net Worth The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $176,177,600 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending September 30, 2000 (without deduction for losses) plus (iii) the amount of any addition to the consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.

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