Applicable Minimum Net Revenue Threshold means the minimum Net Revenue amount set forth on Schedule 6.1 attached hereto for such Defined Period.

Applicable Minimum Net Revenue Threshold means (a) for each applicable Defined Period ending on or before December 31, 2026, the minimum Net Revenue amount set forth on Schedule 6.1 attached hereto for such Defined Period and (b) for each applicable Defined Period ending after December 31, 2026, a minimum Net Revenue amount determined by Agent in its discretion based on financial statements and projections delivered to Agent in accordance with Section 4.1, which minimum Net Revenue amounts shall be notified to Borrower Representative by Agent in writing on or prior to February 15th of the year in which such Defined Period ends; provided that in no event shall the minimum Net Revenue amount for any applicable Defined Period be less than $10,187,275.”

Applicable Minimum Net Revenue Threshold means (i) for each Defined Period ending on or before December 31, 2026, the minimum Net Revenue amount set forth on the Minimum Net Revenue Schedule attached hereto for such Defined Period and (ii) for each Defined Period ending after December 31, 2026, a minimum Net Revenue amount for such Defined Period to be determined by Agent, in good faith on or prior to March 5th of the year in which such Defined Period ends, in consultation with Borrower, based upon the most recent financial information and projections provided by Borrower pursuant to Section 6.2 of this Agreement; provided that in no event shall the minimum Net Revenue amount for any such Defined Period under this clause (ii) be less than an amount equal to the greater of (x) the applicable minimum Net Revenue amount for the immediately preceding date the financial covenant in Section 9.1 was tested, and (y) $33,000,000.

Examples of Applicable Minimum Net Revenue Threshold in a sentence

Commencing with the calendar quarter ending on the later of (a) March 31, 2019 and (b) the last day of the calendar quarter in which the Term Loan Tranche 2 is funded, Borrower shall not permit its consolidated Net Revenue for the Defined Period ending on the last day of such calendar quarter and for each Defined Period ending on the last day of each calendar quarter thereafter to be less than the Applicable Minimum Net Revenue Threshold for such calendar quarter.

More Definitions of Applicable Minimum Net Revenue Threshold

Applicable Minimum Net Revenue Threshold means (a) for each Defined Period ending on or before December 31, 2020, the minimum Net Revenue amount set forth on Schedule 6.1 attached hereto for such Defined Period, and (b) for each Defined Period ending after December 31, 2020, a minimum Net Revenue amount for such Defined Period equal to the greater of (x) eighty percent (84%) of Net Revenue for such Defined Period set forth in the projections delivered by Borrower to Agent and the Lenders in accordance with Section 4.1(g) (which for the avoidance of doubt shall be delivered by Borrower not later than 45 days after the end of the preceding fiscal year) and (y) $50,000,000. MidCap / HTG / Credit and Security Agreement (Term Loan) \\DC - 036639/000001 - 12092479

Applicable Minimum Net Revenue Threshold means (a) for each Defined Period ending on or before December 31, 2020, the minimum Net Revenue amount set forth on Schedule 6.1 attached

Applicable Minimum Net Revenue Threshold means (a) for each Defined Period ending on or before [***], and (b) for each Defined Period ending after [***], a minimum Net Revenue amount for such Defined Period in an amount equal to the greater of (i) [***] of the projected Net Revenue for such Defined Period, calculated by Agent, in consultation with Borrower Representative, based on the annual projections delivered to Agent pursuant to Section 4.1 and (ii) [***]. Commencing with the [***] calendar year, Agent shall notify Borrower on or prior to March 15th of such calendar year of the applicable Minimum Net Revenue thresholds for each Defined Period occurring in such calendar year.

Applicable Minimum Net Revenue Threshold means (a) for each Defined Period ending on or before [***], [***], and (b) for each Defined Period ending after [***], a minimum Net Revenue amount for such Defined Period in an amount equal to the greater of (i) [***] percent ([***]%) of the projected Net Revenue for such Defined Period, calculated by Agent, in consultation with Borrower Representative, based on the annual projections delivered to Agent pursuant to Section 4.1 and (ii) [***]. Commencing with the [***] calendar year, Agent shall notify Borrower on or prior to [***] of such calendar year of the applicable Minimum Net Revenue thresholds for each Defined Period occurring in such calendar year. MidCap / Cerus / A&R Credit, Security and Guaranty Agreement (Revolving Loan) [***] = Certain Confidential Information Omitted

Applicable Minimum Net Revenue Threshold means (a) for each Defined Period ending on or before December 31, 2020, the minimum Net Revenue amount set forth on Schedule 6.1 attached MidCap / HTG / Credit and Security Agreement (Revolving Loan) \\DC - 036639/000001 - 12092487 hereto for such Defined Period, and (b) for each Defined Period ending after December 31, 2020, a minimum Net Revenue amount for such Defined Period equal to the greater of (x) eighty percent (84%) of Net Revenue for such Defined Period set forth in the projections delivered by Borrower to Agent and the Lenders in accordance with Section 4.1(g) (which for the avoidance of doubt shall be delivered by Borrower not later than 45 days after the end of the preceding fiscal year) and (y) $50,000,000.

Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.
Minimum Tranche Amount has the meaning specified in Section 2.15(b).
Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 5.0%.
Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.
LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”
Threshold means with respect to Party B: infinity.
Minimum Disbursement Amount means Twenty-Five Thousand and No/100 Dollars ($25,000).