Milestone. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has (i) achieved Net Revenue of at least $43,600,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date and (ii) received aggregate cash proceeds of at least $27,500,000 from the sale or issuance of Equity Interests of the Borrower prior to the Tranche B Borrowing Date.
Appears in 2 contracts
Sources: Fifth Amendment to Credit Agreement and Guaranty (Biodesix Inc), Credit Agreement and Guaranty (Biodesix Inc)
Milestone. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has (i) achieved Net Revenue of at least $43,600,000 95,000,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date and (ii) received aggregate cash proceeds of at least $27,500,000 from the sale or issuance of Equity Interests of the Borrower prior to the Tranche B C Borrowing Date.
Appears in 2 contracts
Sources: Credit Agreement and Guaranty (Biodesix Inc), Credit Agreement and Guaranty (Biodesix Inc)
Milestone. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has (i) achieved Net received Total Revenue of at least $43,600,000 20,000,000 for any the twelve (12) consecutive month period prior to the Tranche B Borrowing Date and (ii) received aggregate cash proceeds of at least $27,500,000 from the sale or issuance of Equity Interests of the Borrower prior to the Tranche B Borrowing Datemost recently ended.
Appears in 2 contracts
Sources: Credit Agreement (IsoPlexis Corp), Credit Agreement and Guaranty (IsoPlexis Corp)
Milestone. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has (i) Obligors have achieved Net Core Product Revenue of at least $43,600,000 215,000,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date and (ii) received aggregate cash proceeds of at least $27,500,000 from the sale or issuance of Equity Interests of the Borrower prior to the Tranche B Borrowing Date.
Appears in 1 contract
Sources: Credit Agreement and Guaranty (GeneDx Holdings Corp.)
Milestone. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower ▇▇▇▇▇▇▇▇ has (i) achieved Net Revenue of at least $43,600,000 85,000,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date and (ii) received aggregate cash proceeds of at least $27,500,000 from the sale or issuance of Equity Interests of the Borrower prior to the Tranche B D Term Loan Borrowing Date.
Appears in 1 contract
Sources: Second Amendment to Credit Agreement and Guaranty (SOPHiA GENETICS SA)
Milestone. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has (i) achieved Net Revenue of at least $43,600,000 85,000,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date and (ii) received aggregate cash proceeds of at least $27,500,000 from the sale or issuance of Equity Interests of the Borrower prior to the Tranche B Term Loan Borrowing Date.
Appears in 1 contract
Milestone. The Administrative Agent shall have received evidence reasonably satisfactory to the Administrative Agent that the Borrower has (i) achieved Net Revenue of at least $43,600,000 65,000,000 for any twelve (12) consecutive month period prior to the Tranche B Borrowing Date and (ii) received aggregate cash proceeds of at least $27,500,000 from the sale or issuance of Equity Interests of the Borrower prior to the Tranche B Borrowing Date.
Appears in 1 contract