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 Revenue. (a) Borrower and its Subsidiaries shall have Revenue:
Minimum Revenue. On each date set forth below (a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net Revenue for the trailing twelve-month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: Calculation Date Net Revenue December 31, 2018 $ 11,337,000 March 31, 2019 $ 11,430,000 June 30, 2019 $ 10,822,000 September 30, 2019 $ 10,777,000 December 31, 2019 $ 10,836,000 March 31, 2020 $ 11,256,000 June 30, 2020 $ 12,112,000 September 30, 2020 $ 12,604,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,000
Minimum Revenue. As of the last day of each fiscal quarter set forth below, the Borrower and its Subsidiaries shall have received Revenue (exclusive of any non-recurring Revenue from royalties, licenses or other sources), for the twelve (12) consecutive month period ending on the last day of such fiscal quarter, in an aggregate amount not less than the corresponding amount set forth opposite such fiscal quarter: Fiscal Quarter Ending Revenue June 30, 2019 $34,322,000 September 30, 2019 $35,945,000 December 31, 2019 $36,710,000 March 31, 2020 $38,162,000 June 30, 2020 $43,193,000 September 30, 2020 $48,225,000 December 31, 2020 $54,262,000 March 31, 2021 $58,550,000 June 30, 2021 $63,909,000 September 30, 2021 $69,269,000 December 31, 2021 $75,700,000 March 31, 2022 $80,618,000 June 30, 2022 $86,765,000 September 30, 2022 $92,913,000 December 31, 2022 $100,289,000 March 31, 2023 $102,628,000
Minimum Revenue. Not permit the revenue of Holdings and its Subsidiaries (as recognized in accordance with GAAP) as of the last day of any Test Period set forth in the table below, to be less than the amount set forth opposite such Test Period for such Test Period then ended: Test Period Ended Minimum Revenue December 31, 2023 $46,183,000 March 31, 2024 $34,302,000 June 30, 2024 $35,794,000 September 30, 2024 $38,777,000
Minimum Revenue. Minimum Revenue, based on the most recent quarterly financial statement delivered to Bank pursuant to Section 6.2 of this Agreement of not less than the following amounts for the following periods: $16,500,000 for the quarter ending September 30, 2002; and $16,700,000 for the quarter ending December 31, 2002.
Minimum Revenue. The Company and its Subsidiaries shall not permit the Revenue of the Company and its Subsidiaries on a consolidated basis in accordance with GAAP, as of the last day of any fiscal quarter ending on the dates set forth below and calculated for the period of the last twelve months ending on such date, to be less than the amount set forth below for such date. Fiscal Quarter ending on Minimum Revenue 12/31/2022 $ 15,385,000 3/31/2023 $ 17,474,000 6/30/2023 $ 20,261,000 9/30/2023 $ 24,334,000 12/31/2023 $ 29,662,000 3/31/2024 $ 34,060,000 6/30/2024 $ 39,812,000 9/30/2024 $ 46,934,000 12/31/2024 $ 55,306,000 3/31/2025 $ 61,884,000 6/30/2025 $ 70,336,000 9/30/2025 $ 81,222,000 12/31/2025 and thereafter $ 94,612,000 58
Minimum Revenue. As of the last day of each fiscal quarter concluding on and after the Closing Date, the Borrower and its consolidated entities shall have revenue (determined in accordance with GAAP) of not less than $150,000,000 on a trailing 12 month basis.
Minimum Revenue. As of the last day of each fiscal quarter concluding on and after September 30, 2022, Parent and its consolidated entities shall have revenue (determined in accordance with GAAP) of not less than Minimum Revenue for the preceding 12 months.
Minimum Revenue. Obligors shall ensure that, as of the last day of each calendar month occurring between and including June 30, 2016 and the first date on which a Qualified IPO shall have occurred, the amount of Revenue received by Obligors from sales of Products, Co-Promote Products or line extensions (to the extent that such Products, Co-Promote Products or line extensions are listed on Schedule 7.05(d) of the Disclosure Schedule as in effect from time to time) during the twelve month period then completed, shall equal or exceed $20,000,000.
