Borrowing Milestone. Borrower shall have achieved minimum Revenue of (i) at least $4,000,000 during any consecutive three (3) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than December 31, 2015, or (ii) if Borrower fails to meet the minimum Revenue during the time period set forth in Section 6.02(c)(i), at least $7,000,000 during any consecutive three (3) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than June 30, 2016. For the avoidance of doubt, the conditions of this Section 6.02(c)(ii) and Section 6.03(c) may be satisfied with the same three (3) month period.
Appears in 3 contracts
Sources: Term Loan Agreement (Decipher Biosciences, Inc.), Term Loan Agreement (Decipher Biosciences, Inc.), Term Loan Agreement (Decipher Biosciences, Inc.)