Backlog Sales definition
Backlog Sales means, as of any date, the sum of Backlog Conversions and Backlog Orders for such date.
Examples of Backlog Sales in a sentence
The Company shall have Backlog Sales of at least twenty five million dollars ($25,000,000) as of the fiscal period ending on March 31, 2022, fifty million dollars ($50,000,000) as of the fiscal period ending on June 30, 2022, seventy five million dollars ($75,000,000) as of the fiscal period ending on September 30, 2022 and one hundred million dollars ($100,000,000) as of the fiscal period ending on December 31, 2022 (“Minimum Backlog Sales”).