Minimum Cash Velocity. For each Test Period, measured as of the last day of each calendar month ending after March 31, 2010, Collections of Accounts of Borrowers collectively shall not be less than 87.5% of Borrowers’ net revenue for the Revenue Period less the bad debt expense recognized on the income statement for such Revenue Period. For purposes of the covenants set forth in this Annex I, the terms listed below shall have the following meanings:
Minimum Cash Velocity. For each calendar month, the collections of Accounts of Borrower collectively shall not be less than an amount equal to the product of (x) 0.80 multiplied by (y) the average revenues of Borrower for the immediately preceding three months; provided that, upon any violation of or failure to comply with this covenant, Lender shall have the right, in its sole discretion, to consider for all purposes under the Agreement as though Borrower actually collected Accounts equal to such minimum required amount.
Minimum Cash Velocity. Collections of Borrower's Accounts shall not be less than $69,000,000 during each Test Period of this Agreement; provided, however, that upon any violation of or failure to comply with this covenant Lender shall have the right, in its sole discretion, to consider for all purposes under the Agreement as though Borrower actually collected Accounts equal to such minimum required amount. For purposes of the covenants set forth in this Annex A, the terms listed below shall have the following meanings:
Minimum Cash Velocity. For each Test Period, measured as of the last day of each calendar month ending after the Closing Date, Collections of Accounts of Borrowers collectively shall not be less than the greater of (a) 95% of Borrowers’ net revenue for the Revenue Period and (b) the amount set forth opposite such date: Date Collections March 31, 2010 $ 3,500,000 April 30, 2010 $ 4,000,000 May 31, 2010 $ 4,250,000 June 30, 2010 $ 4,750,000 July 31, 2010 $ 5,250,000 August 31, 2010 $ 5,750,000 September 30, 2010 $ 6,250,000 October 31, 2010 $ 6,750,000 November 30, 2010 $ 7,250,000 ; provided, however, that for each Test Period, measured as of the last day of each calendar month ending after November 30, 2010, collections of Accounts of Borrowers collectively shall not be less than 90% of Borrowers’ net revenue for the Revenue Period, provided that, upon any violation of or failure to comply with this covenant, Lender shall have the right, in its sole discretion, to consider for all purposes under the Agreement as though Borrower actually collected Accounts equal to such minimum required amount.
Minimum Cash Velocity. It shall not allow (i) Collections of the Borrowers deposited during any Test Period into accounts subject to Control Agreements, the proceeds of which are Agent’s Collateral, to be less than (ii) 80% of Borrowers’ net revenue (as determined in accordance with GAAP), during the 3 calendar month period ending 2 months prior to the end of such Test Period.
Minimum Cash Velocity. Borrower shall maintain, for each calendar month, a minimum “Cash Velocity” of at least the following percentages: Calendar Month Minimum Cash Velocity Month of Closing Date through December 2003 50 % January 2004 and thereafter 55 %
Minimum Cash Velocity. (i) Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Month set forth below, a Physician Services Cash Velocity of at least 93%, (such calculation to be made according to the example set forth in Annex K).
