MINIMUM GROSS SALES Sample Clauses

MINIMUM GROSS SALES. The Company shall not permit the Gross Sales as of the end of any fiscal period set forth below to be less than the applicable amount set forth below: Fiscal Period(s) ending on or about Amount ------------------------------------- ------------------- twelve months ended 12/31/02 $1,975,000,000 twelve months ended 1/31/03 $1,834,400,000 twelve months ended 2/28/03 $1,795,700,000 twelve months ended 3/31/03 $1,750,700,000 twelve months ended 4/30/03 $1,737,300,000 twelve months ended 5/31/03 $1,750,900,000 twelve months ended 6/30/03 $1,737,600,000 twelve months ended 7/31/03 $1,728,800,000 twelve months ended 8/31/03 $1,724,800,000 twelve months ended 9/30/03 $1,725,400,000 twelve months ended 10/31/03 $1,728,000,000 twelve months ended 11/30/03 $1,709,100,000 twelve months ended 12/31/03 $1,702,900,000 twelve months ended 1/31/04 $1,700,000,000 twelve months ended 2/29/04 $1,697,600,000 twelve months ended 3/31/04 $1,694,500,000 twelve months ended 4/30/04 $1,690,300,000 twelve months ended 5/31/04 $1,682,900,000 twelve months ended 6/30/04 $1,676,300,000 each twelve month period ended on the last day of each month thereafter $1,670,000,000
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MINIMUM GROSS SALES. The Borrower will achieve, for each period described below, gross sales of not less than the amount set forth for each such period: Period Minimum Gross Sales 10/01/05 through 10/31/05 $ 3,600,000 11/01/05 through 11/30/05 $ 3,000,000 12/01/05 through 12/31/05 $ 3,600,000 01/01/06 through 01/31/06 $ 4,300,000 02/01/06 through 02/28/06 $ 3,900,000 03/01/06 through 03/31/06 $ 4,300,000 04/01/06 through 04/30/06 $ 4,350,000 05/01/06 through 05/31/06 $ 5,650,000 06/01/06 through 06/30/06 $ 5,100,000 07/01/06 through 07/31/06 $ 5,100,000”
Sample 1Sample 2
MINIMUM GROSS SALES. Beginning with the fiscal quarter of the Borrower ending on September 30, 2022, and with respect to each subsequent fiscal quarter thereafter prior to the Minimum Gross Sales Covenant Termination Date, the Gross Sales of the Borrower and its Subsidiaries for the twelve (12) consecutive month period ending on the last day of such fiscal quarter shall exceed fifty percent (50%) of the Target Gross Sales for such quarter (the “Minimum Gross Sales Covenant”).
Sample 1
MINIMUM GROSS SALES. The Borrowers shall have gross sales, for each four-week period ended on October 23, 2005 and on each Sunday thereafter for the previous four-week period during the term of this Agreement, in an aggregate amount not less than $15,000,000.
Sample 1

Related to MINIMUM GROSS SALES

  • Gross Sales Notwithstanding anything in the Lease to the contrary the definition of Gross Sales shall be as follows:

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Minimum Net Income The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) "

  • Minimum Net Worth The Borrower will at all times maintain Consolidated Net Worth of not less than the sum of (i) $176,177,600 plus (ii) 50% of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending September 30, 2000 (without deduction for losses) plus (iii) the amount of any addition to the consolidated shareholders' equity of the Borrower and its Subsidiaries at any time resulting from the issuance or sale of any capital stock or other equity interests by the Borrower after the date of this Agreement.

  • Net Sales The term “

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Minimum Annual Royalty During the TERM of this SUB-LICENSE, ADAPTIMMUNE shall pay to LTC a non-refundable minimum annual royalty (“MINIMUM ANNUAL ROYALTY”) of: (a) *** dollars ($***) for each full or partial calendar year during which there is no APPROVAL OBTAINED for any LICENSED T CELL PRODUCT, and (b) for the first full calendar year following the date that there is APPROVAL OBTAINED and thereafter, a non-refundable MINIMUM ANNUAL ROYALTY that is equal to fifty percent (50%) of ADAPTIMMUNE’s earned running royalties for the sale by ADAPTIMMUNE and its AFFILIATES of such LICENSED T CELL PRODUCTS in the previous calendar year. The MINIMUM ANNUAL ROYALTY will be fully-creditable against running royalties due and payable by ADAPTIMMUNE and its AFFILIATES on account of running royalties under Section 4.3 for the applicable calendar year for which such MINIMUM ANNUAL ROYALTY relates, but shall not be creditable against any MILESTONE PAYMENTS (defined at Section 4.4) made at any time. Any difference between the MINIMUM ANNUAL ROYALTY due for a particular calendar year, and the running royalties due and payable for such calendar year, will be paid along with the royalty payment and royalty report due for the fourth (4th) quarter of each calendar year (e.g. within forty-five (45) days of each December 31) in accordance with Section 4.6. For clarification purposes, MINIMUM ANNUAL ROYALTIES are not refundable in whole or in part.

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