Minimum Consolidated Net Sales Sample Clauses

Minimum Consolidated Net Sales. There shall be added to Section 7.9 of the Credit Agreement a new subsection (g) to read as follows:
Sample 1
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Minimum Consolidated Net Sales. Permit trailing twelve-month Consolidated Net Sales, tested for each fiscal quarter commencing with the fiscal quarter ending December 31, 2019, to fall below the amount under the applicable column titled “Net Sales Threshold (for any fiscal quarter in which the only Notes issued hereunder are the Initial Notes)” or “Net Sales Threshold (for any fiscal quarter in which the Notes issued hereunder include any Delayed Draw Notes)” set forth opposite the period in the table below: Twelve Month Period Ending Net Sales Threshold (for any fiscal quarter in which the only Notes issued hereunder are the Initial Notes) Net Sales Threshold (for any fiscal quarter in which the Notes issued hereunder include any Delayed Draw Notes) December 31, 2019 $15,000,000 $18,000,000 March 31, 2020 $20,000,000 $25,000,000 June 30, 2020 $27,000,000 $32,000,000 September 30, 2020 $33,000,000 $40,000,000 December 31, 2020 $40,000,000 $48,000,000 March 31, 2021 $48,000,000 $58,000,000 June 30, 2021 $58,000,000 $70,000,000 September 30, 2021 $68,000,000 $82,000,000 December 31, 2021 $79,000,000 $95,000,000 March 31, 2022 $86,750,000 $98,750,000 June 30, 2022 $94,500,000 $102,500,000 September 30, 2022 $102,250,000 $106,250,000 December 31, 2022 $110,000,000 $110,000,000 March 31, 2023 $113,750,000 $113,750,000 June 30, 2023 $117,500,000 $117,500,000 September 30, 2023 $121,250,000 $121,250,000 December 31, 2023 $125,000,000 $125,000,000
Sample 1
Minimum Consolidated Net Sales. Permit trailing twelve-month Consolidated Net Sales, tested for each fiscal quarter commencing with the fiscal quarter ending March 31, 2024, to fall below the amount under the applicable column titled “Net Sales Threshold” set forth opposite the period in the table below: 85 Twelve Month Period Ending Net Sales Threshold March 31, 2024 $82,500,000 June 30, 2024 $90,000,000 September 30, 2024 $102,500,000 December 31, 2024 $110,000,000 March 31, 2025 $115,000,000 June 30, 2025 $120,000,000 September 30, 2025 $125,000,000 December 31, 2025 $130,000,000 March 31, 2026 $135,000,000 June 30, 2026 $140,000,000 September 30, 2026 $145,000,000 December 31, 2026 $150,000,000 March 31, 2027 $155,000,000 June 30, 2027 $160,000,000 September 30, 2027 $165,000,000
Sample 1
Minimum Consolidated Net Sales. Permit Consolidated Net Sales for Udenyca, for any fiscal year of the Borrower, to be less than (a) $70,000,000, for the fiscal year ending December 31, 2019, (b) $125,000,000, for the fiscal year ending December 31, 2020, and (c) $150,000,000, for each fiscal year thereafter, measured as of the last day of the applicable fiscal year for any fiscal year ending thereafter.
Sample 1

Related to Minimum Consolidated Net Sales

  • Minimum Consolidated Net Worth Permit the Consolidated Net Worth of the Company at the end of any fiscal quarter to be less than US$11,250,000,000 (“Minimum Amount”).

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Minimum Consolidated Tangible Net Worth (a) Prior to consummation of the Merger, the Borrower will not at any time permit Consolidated Tangible Net Worth to be less than the sum of (i) $788,000,000.00 plus (ii) seventy-five percent (75%) of the sum of any additional Net Offering Proceeds after the date of this Agreement.

  • Minimum Consolidated Fixed Charge Coverage Ratio Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio, determined as at the end of each fiscal quarter, commencing with the fiscal quarter ending June 30, 2019, to be less than 1.00 to 1.00.

  • Maximum Consolidated Total Leverage Ratio The Borrower will cause the Consolidated Total Leverage Ratio to be less than (a) 4.00 to 1.00 at all times during the period from the Effective Date to and including December 30, 2009, (b) 3.75 to 1.00 at all times during the period from December 31, 2009 to and including December 30, 2010 and (c) less than 3.50 to 1.00 at all times thereafter.

  • Maximum Consolidated Leverage Ratio As of the last day of each Fiscal Quarter of the Borrower (commencing with the Fiscal Quarter ending March 31, 2018), the Borrower shall not permit the Consolidated Leverage Ratio to be greater than 0.60 to 1.00.

  • Maximum Consolidated Capital Expenditures Holdings shall not, and shall not permit its Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year, in an aggregate amount for Holdings and its Subsidiaries in excess of $125,000,000; provided, such amount for any Fiscal Year shall be increased by an amount equal to the excess, if any (but in no event more than $62,500,000), of such amount for the immediately preceding Fiscal Year (with the above scheduled amount for any Fiscal Year being used prior to any amount carried over from the preceding Fiscal Year) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year; provided, further, so long as no Default shall have occurred and being continuing or would result therefrom, Holdings and its Subsidiaries may also make Consolidated Capital Expenditures in an amount not to exceed the Cumulative Growth Amount immediately prior to the making of such Consolidated Capital Expenditures (but the amount of Consolidated Capital Expenditures made from the Cumulative Growth Amount in any Fiscal Year shall not exceed 50% of the above scheduled amount of Consolidated Capital Expenditures that would have otherwise been permitted to made in such Fiscal Year pursuant to this Section 6.7(c)); and provided, further that for each Permitted Acquisition consummated in any Fiscal Year and, if consummated, the SDI Acquisition in the Fiscal Year ending December 31, 2011, the maximum amounts set forth above for such Fiscal Year and for every Fiscal Year thereafter shall be increased by an amount equal to 110% of the quotient obtained by dividing (A) the amount of Consolidated Capital Expenditures made by the acquired Person or business for the thirty-six month period immediately preceding the consummation of such Permitted Acquisition or SDI Acquisition as determined by the financial statements for such acquired Person or business by (B) three (3).

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

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