Revenue Covenant. For each calendar quarter while this Agreement remains in effect, Borrower shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown on the most recent of the Financial Statements.
Appears in 5 contracts
Samples: Credit Agreement, Credit Facility Agreement (Cd International Enterprises, Inc.), Senior Secured Revolving Credit Facility Agreement (Hypertension Diagnostics Inc /Mn)
Revenue Covenant. For each calendar quarter while this Agreement remains in effect, Borrower Borrowers, collectively, shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown for the corresponding calendar quarter on the most recent of the Financial Statements.
Appears in 3 contracts
Samples: Credit Agreement (Wild Craze, Inc.), Credit Agreement (Petron Energy II, Inc.), Credit Agreement (M Line Holdings Inc)
Revenue Covenant. For each calendar quarter while this Agreement remains in effect, Borrower shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown on the most recent financial projections provided by Borrower to Lender as part of the Financial StatementsLender’s due diligence.
Appears in 1 contract
Samples: Credit Agreement (Jammin Java Corp.)
Revenue Covenant. For each calendar quarter while this Agreement remains in effect, Borrower shall have sales revenues from product sales that are not less than seventy-five percent (75%) of the sales revenues from product sales shown on the most recent of the Financial Statements.
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Revenue Covenant. For each calendar quarter while this Agreement remains in effect, Borrower shall Borrowershall have sales revenues that are not less than seventy-five percent fivepercent (75%) of the sales revenues shown on the most recent of the Financial Statements.
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Revenue Covenant. For each calendar quarter while this Agreement remains in effect, Borrower Borrowers, collectively, shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown on the most recent financial projections provided by Borrowers to Lender as part of the Financial StatementsLender’s due diligence.
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Revenue Covenant. (a) For each calendar quarter while this Agreement remains in effect, Borrower shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown on the most recent of Borrower’s SEC filings for the Financial Statementsimmediately prior quarter or fiscal year, as applicable.
Appears in 1 contract
Samples: Senior Secured Credit Facility Agreement (Pharmagen, Inc.)
Revenue Covenant. (a) For each calendar quarter while this Agreement remains in effect, Borrower shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown on the most recent of Borrower’s SEC filings for the immediately prior quarter or fiscal year, as applicable. (b) For each calendar year while this Agreement remains in effect, Borrower shall have sales revenues that are greater than the sales revenues shown on the prior year’s Financial Statements.. 11.2
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Samples: www.sec.gov
Revenue Covenant. For Commencing with the fourth fiscal quarter of 2013, for each calendar quarter while this Agreement remains in effect, Borrower shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown on the most recent of the Financial Statements.
Appears in 1 contract
Samples: Secured Revolving Credit Facility Agreement (Comprehensive Care Corp)
Revenue Covenant. For each calendar quarter while this Agreement remains in effect, Borrower Borrowers, collectively, shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown on the most recent of the Financial Statements.
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Revenue Covenant. For each calendar quarter while this Agreement remains in effect, Borrower shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown on the most recent of the Financial StatementsBorrower’s financial statements, as provided to Lender and certified as true and correct by the chief executive officer of the Borrower as of the final day of each calendar quarter.
Appears in 1 contract
Samples: Senior Secured Revolving Credit Facility Agreement (Encore Brands, Inc.)
Revenue Covenant. For each calendar quarter while this Agreement remains in effect, Borrower shall have sales revenues that are not less than seventy-five percent (75%) of the sales revenues shown on the most recent of the Financial StatementsStatements for such corresponding quarter.
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