Minimum Revenue Base Clause Samples
The Minimum Revenue Base clause establishes a guaranteed baseline amount of revenue that must be recognized or paid, regardless of actual sales or usage levels. In practice, this clause often applies in licensing, distribution, or service agreements, where the licensee or customer commits to a minimum payment even if their actual usage or sales fall short of expectations. By setting this floor, the clause ensures predictable income for the provider and mitigates the risk of underperformance by the other party.
Minimum Revenue Base. The Revenue Base for any Fiscal Quarter shall not be less than the amount set forth below for such Fiscal Quarter: September 30, 2015 $ 17,500,000 December 31, 2015 $ 20,000,000 March 31, 2016 $ 20,000,000 June 30, 2016 $ 20,000,000 September 30, 2016 $ 20,000,000 December 31, 2016 $ 20,000,000 March 31, 2017 $ 20,000,000 June 30, 2017 $ 20,000,000 September 30, 2017 $ 19,500,000 December 31, 2017 $ 19,000,000 March 31, 2018 $ 27,500,000 June 30, 2018 $ 27,500,000 September 30, 2018 $ 30,000,000 December 31, 2018 $ 30,000,000 March 31, 2019 $ 30,000,000 June 30, 2019 $ 30,000,000 September 30, 2019 $ 30,000,000 December 31, 2019 $ 30,000,000 March 31, 2020 $ 30,000,000 June 30, 2020 $ 30,000,000
Minimum Revenue Base. The Revenue Base for each calendar year set forth below shall not be less than the amount set forth below for such calendar year: Calendar Year Ended Minimum Revenue Base December 31, 2014 $ 40,000,000 December 31, 2015 $ 54,100,000 December 31, 2016 $ 67,400,000 December 31, 2017 $ 78,400,000 December 31, 2018 $ 84,000,000 December 31, 2019 $ 84,000,000
Minimum Revenue Base. Subject to Section 9.4, the Revenue Base for the last day of a Test Period shall not be less than (i) prior to the First Delayed Draw Closing Date, the amount set forth in the second column below for the Test Period ending on such applicable date and (ii) on and after the occurrence of the First Delayed Draw Closing Date, the amount set forth in the third column below for the Test Period ending on such applicable date (each such amount for each applicable period, the “Required Revenue”): December 31, 2022 $200,000,000 $270,000,000 March 31, 2023 $202,000,000 $272,000,000 June 30, 2023 $205,000,000 $275,000,000 September 30, 2023 $207,000,000 $275,000,000 December 31, 2023 $210,000,000 $275,000,000 March 31, 2024 $212,000,000 $275,000,000 June 30, 2024 $215,000,000 $280,000,000 September 30, 2024 $217,000,000 $285,000,000 December 31, 2024 $220,000,000 $290,000,000 March 31, 2025 $222,000,000 $295,000,000 June 30, 2025 $225,000,000 $300,000,000 September 30, 2025 $227,000,000 $305,000,000 December 31, 2025 $230,000,000 $312,500,000 March 31, 2026 $232,000,000 $320,000,000 June 30, 2026 $235,000,000 $327,500,000 September 30, 2026 $237,000,000 $335,000,000 December 31, 2026 $240,000,000 $342,500,000 March 31, 2027 $242,000,000 $350,000,000 June 30, 2027 $245,000,000 $357,500,000 September 30, 2027 $247,000,000 $365,000,000 December 31, 2027 $250,000,000 $372,500,000
Minimum Revenue Base. The Revenue Base for the twelve month period ended at the end of any Fiscal Quarter during any period as set forth in the table below shall not be less than the amount in effect for such Fiscal Quarter as set forth in the table below: Prior to the Delayed DrawAdvance Date After the Delayed DrawAdvance Date Fiscal Quarter Ending March 31, 2019 $112,500,000 $117,500,000 Fiscal Quarter Ending June 30, 2019 $115,000,000 $120,000,000 Fiscal Quarter Ending September 30, 2019 $117,500,000 $122,500,000 Fiscal Quarter Ending December 31, 2019 $120,000,000 $125,000,000 Fiscal Quarter Ending March 31, 2020 $123,750,000 $130,000,000 Fiscal Quarter Ending June 30, 2020 $127,750,000 $135,000,000 Fiscal Quarter Ending September 30, 2020 $131,250,000 $140,000,000 Fiscal Quarter Ending December 31, 2020 and thereafter $135,000,000 $145,000,000
Minimum Revenue Base. The Revenue Base for the periods set forth below shall not be less than the amounts set forth opposite such periods for the periods set forth below: Two Fiscal Quarters ended June 30, 2019 $ 30,000,000 Three Fiscal Quarters ended September 30, 2019 $ 45,000,000 Four Fiscal Quarters ended December 31, 2019 $ 60,000,000 Four Fiscal Quarters ended March 31, 2020 $ 61,000,000 Four Fiscal Quarters ended June 30, 2020 $ 62,000,000 Four Fiscal Quarters ended September 30, 2020 $ 63,000,000 Four Fiscal Quarters ended December 31, 2020 $ 64,000,000 Four Fiscal Quarters ended March 31, 2021 $ 64,500,000
Minimum Revenue Base. (June 2015). The Revenue Base for the six months ending June 30, 2015 shall not be less than $20,000,000.