Net Revenue Threshold definition

Net Revenue Threshold means cumulative worldwide Net Revenue of $600,000,000 during the Net Revenue Milestone Period.
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Net Revenue Threshold means, for any Defined Period, the minimum amount of Net Revenue the Borrowers are required to maintain for such Defined Period.
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Net Revenue Threshold means Borrower’s demonstration in form and substance reasonably satisfactory to Agent and each Lender that Borrower has recognized at least $32,000,000 in the aggregate in Net Revenue for the twelve consecutive calendar month period ending December 31, 2015.
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Examples of Net Revenue Threshold in a sentence

  • Credit Parties shall not permit its consolidated Net Revenue for any Defined Period, as tested quarterly on the last day of the applicable Defined Period, to be less than the Applicable Minimum Net Revenue Threshold for such Defined Period.

  • Borrowers shall not permit their consolidated Net Revenue for any applicable Defined Period, as tested monthly on the last day of the applicable Defined Period, to be less than the Minimum Net Revenue Threshold for such Defined Period.

  • Borrowers shall not permit its consolidated Net Revenue for any applicable Defined Period, as tested monthly on the last day of the applicable Defined Period, to be less than the Minimum Net Revenue Threshold for such Defined Period.

  • Borrower shall not permit its consolidated Net Revenue for any Defined Period, as tested quarterly on the last day of the applicable Defined Period, to be less than the Applicable Minimum Net Revenue Threshold for such Defined Period.

  • For each Testing Date occurring immediately after the occurrence of a Financial Covenant Trigger Event and for each other Testing Date occurring during any Net Revenue Testing Period (each a “Subject Testing Date”), Credit Parties shall not permit Net Revenue for any Defined Period ending on a Subject Testing Date to be less than the Applicable Minimum Net Revenue Threshold for such Defined Period.

  • Borrowers shall not permit Net Revenue for any applicable Defined Period, as tested quarterly on the last day of each Defined Period, to be less than the Applicable Minimum Net Revenue Threshold for such Defined Period.

  • Term Value ($ million) Reference Details Annuity Cap (AC) 4 Net Revenue Threshold (NRT) 15 Equivalent Availability Threshold (EAT) 97 Annual amounts for example Net Operational Revenue (NOR), annual 10 Equivalent Availability Factor (EAF) 99 Net annual LTESA payments 4 Overall project revenues, being the net of Net NOR+∑QAP+ARP-ARF Operational Revenues and LTESA payments.

  • If LTES Operator gives notice to SFV in accordance with clause 21.3 (“Notice”), then the parties will negotiate in good faith an adjustment to the Annuity Cap and/or Annual Net Revenue Threshold which the parties consider is required to pass through 50% of the Relevant Cost Change to SFV in accordance with the Cost Change Principles.

  • An Event of Default has occurred under Section 10.1(c) of the Existing Credit Agreement due to Borrower’s Net Revenue for the Defined Period ending December 31, 2023 being less than the Applicable Minimum Net Revenue Threshold for such Defined Period in violation of the financial covenant in Section 9.1 of the Existing Credit Agreement (the “Subject Event of Default”).

  • SLG shall pay Riot a royalty of [*****] on the first ten million USD ($10,000,000.00) of aggregate Game League net revenue accrued over the Term (the “Net Revenue Threshold”) and [*****] on additional Game League net revenue in excess of the Net Revenue Threshold.