Common use of Minimum Net Sales Clause in Contracts

Minimum Net Sales. In the event that the Borrower fails to achieve the minimum gross sales required by Section 6.2(c) for any period set forth above, the Borrower will achieve, for the period set forth below ending on the same end date as the period for which the Borrower failed such minimum gross sales covenant, cumulative Net Sales of not less than the amount set forth for the period ending on such date set forth below: 10/01/05 through 10/31/05 $ 3,100,000 10/01/05 through 11/30/05 $ 5,700,000 10/01/05 through 12/31/05 $ 8,600,000 10/01/05 through 01/31/06 $ 12,100,000 10/01/05 through 02/28/06 $ 15,500,000 10/01/05 through 03/31/06 $ 18,200,000 10/01/05 through 04/30/06 $ 21,500,000 10/01/05 through 05/31/06 $ 25,800,000 10/01/05 through 06/30/06 $ 29,900,000 10/01/05 through 07/31/06 $ 34,400,000”

Appears in 2 contracts

Sources: Credit and Security Agreement (Gardenburger Inc), Credit and Security Agreement (Gardenburger Inc)

Minimum Net Sales. In the event that the Borrower fails to achieve the minimum gross sales required by Section 6.2(c) for any period set forth above, the Borrower will achieve, for the period set forth below ending on the same end date as the period for which the Borrower failed such minimum gross sales covenant, cumulative Net Sales of not less than the amount set forth for the period ending on such date set forth below: 10/01/05 10/1/05 through 10/31/05 $ 3,100,000 10/01/05 10/1/05 through 11/30/05 $ 5,700,000 10/01/05 10/1/05 through 12/31/05 $ 8,600,000 10/01/05 10/1/05 through 01/31/06 1/31/06 $ 12,100,000 10/01/05 10/1/05 through 02/28/06 2/28/06 $ 15,500,000 10/01/05 10/1/05 through 03/31/06 3/31/06 $ 18,200,000 10/01/05 19,700,000 10/1/05 through 04/30/06 4/30/06 $ 21,500,000 10/01/05 23,700,000 10/1/05 through 05/31/06 5/31/06 $ 25,800,000 10/01/05 27,800,000 10/1/05 through 06/30/06 6/30/06 $ 29,900,000 10/01/05 32,000,000 10/1/05 through 07/31/06 7/31/06 $ 34,400,000”36,000,000

Appears in 1 contract

Sources: Credit and Security Agreement (Gardenburger Inc)