Common use of Minimum Revenue Clause in Contracts

Minimum Revenue. As of the last day of each fiscal quarter set forth below (each, a “Calculation Date”), Holdings and its Subsidiaries shall have received Revenue, for the trailing twelve (12) month consecutive period ending on such Calculation Date, in an aggregate amount not less than the corresponding amount set forth opposite such Calculation Date: Calculation Date Revenue March 31, 2022 $5,750,000 June 30, 2022 $7,750,000 September 30, 2022 $11,000,000 December 31, 2022 $18,000,000 March 31, 2023 $26,000,000 79 Calculation Date Revenue June 30, 2023 $44,000,000 September 30, 2023 $69,000,000 December 31, 2023 $100,000,000 March 31, 2024 $125,000,000 June 30, 2024 $125,000,000 September 30, 2024 $125,000,000 December 31, 2024 $125,000,000 March 31, 2025 $125,000,000

Appears in 2 contracts

Samples: Credit Agreement (Pear Therapeutics, Inc.), Credit Agreement (Pear Therapeutics, Inc.)

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Minimum Revenue. As of the last day of each fiscal quarter set forth below (eachbelow, a “Calculation Date”), Holdings the Borrower and its Subsidiaries shall have received RevenueRevenue (exclusive of any non-recurring Revenue from royalties, licenses or other sources), for the trailing twelve (12) consecutive month consecutive period ending on the last day of such Calculation Datefiscal quarter, in an aggregate amount not less than the corresponding amount set forth opposite such Calculation Datefiscal quarter: Calculation Date 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 $5,750,000 80,618,000 June 30, 2022 $7,750,000 86,765,000 September 30, 2022 $11,000,000 92,913,000 December 31, 2022 $18,000,000 100,289,000 March 31, 2023 $26,000,000 79 Calculation Date Revenue June 30, 2023 $44,000,000 September 30, 2023 $69,000,000 December 31, 2023 $100,000,000 March 31, 2024 $125,000,000 June 30, 2024 $125,000,000 September 30, 2024 $125,000,000 December 31, 2024 $125,000,000 March 31, 2025 $125,000,000102,628,000

Appears in 2 contracts

Samples: Credit Agreement and Guaranty (ArcherDX, Inc.), Credit Agreement and Guaranty (ArcherDX, Inc.)

Minimum Revenue. As of the last day of On each fiscal quarter calculation date set forth below in the column entitled “Calculation Date” (each, a “Calculation Date”), Holdings and its Subsidiaries shall have received Revenue, Revenue for the trailing twelve (12) month four consecutive fiscal quarter period ending ended on such Calculation Date, in an aggregate amount Date shall not be less than the corresponding amount set forth opposite such Calculation Datein the column entitled “Revenue”: Calculation Date Revenue September 30, 2020 $49,376,000 December 31, 2020 $50,725,000 March 31, 2021 $51,966,000 June 30, 2021 $53,153,000 September 30, 2021 $54,314,000 December 31, 2021 $55,797,000 March 31, 2022 $5,750,000 57,163,000 June 30, 2022 $7,750,000 58,468,000 September 30, 2022 $11,000,000 59,746,000 December 31, 2022 $18,000,000 61,377,000 March 31, 2023 $26,000,000 79 Calculation Date Revenue June 30, 2023 $44,000,000 September 30, 2023 $69,000,000 December 31, 2023 $100,000,000 March 31, 2024 $125,000,000 June 30, 2024 $125,000,000 September 30, 2024 $125,000,000 December 31, 2024 $125,000,000 March 31, 2025 $125,000,00062,879,000

Appears in 2 contracts

Samples: Business Financing Agreement (Vapotherm Inc), Business Financing Agreement (Vapotherm Inc)

Minimum Revenue. As of the last day of each fiscal quarter Fiscal Quarter set forth below (eachbelow, a “Calculation Date”), Holdings the Borrower and its Subsidiaries shall have received Revenue, Revenue for the trailing twelve (12) consecutive month consecutive period ending on the last day of such Calculation DateFiscal Quarter, in an aggregate amount not less than the corresponding amount set forth opposite such Calculation DateFiscal Quarter: Calculation Date Fiscal Quarter Ending Revenue December 31, 2018 $60,000,000 March 31, 2019 $60,000,000 June 30, 2019 $60,000,000 September 30, 2019 $60,000,000 December 31, 2019 $60,000,000 March 31, 2020 $60,000,000 June 30, 2020 $60,000,000 September 30, 2020 $66,000,000 67 December 31, 2020 $ 66,000,000 March 31, 2021 $ 66,000,000 June 30, 2021 $ 66,000,000 September 30, 2021 $ 72,600,000 December 31, 2021 $ 72,600,000 March 31, 2022 $5,750,000 $ 72,600,000 June 30, 2022 $7,750,000 $ 72,600,000 September 30, 2022 $11,000,000 $ 79,860,000 December 31, 2022 $18,000,000 $ 79,860,000 March 31, 2023 $26,000,000 79 Calculation Date Revenue $ 79,860,000 June 30, 2023 $44,000,000 September 30, 2023 $69,000,000 December 31, 2023 $100,000,000 March 31, 2024 $125,000,000 June 30, 2024 $125,000,000 September 30, 2024 $125,000,000 December 31, 2024 $125,000,000 March 31, 2025 $125,000,000$ 79,860,000 SECTION 11.

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Athenex, Inc.)

Minimum Revenue. As of the last day of each fiscal quarter set forth below (eachbelow, a “Calculation Date”), Holdings and its Subsidiaries the Obligors shall have received RevenueRevenue in the ordinary course of business, for the trailing twelve (12) month consecutive period ending on the last day of such Calculation Datefiscal quarter, in an aggregate amount not less than the corresponding amount set forth opposite such Calculation Datefiscal quarter: Calculation Date ny-2328495 Fiscal Quarter Ending Revenue March 31, 2022 $5,750,000 June 30, 2022 $7,750,000 September 30, 2022 $11,000,000 December 31, 2022 $18,000,000 80,000,000 March 31, 2023 $26,000,000 79 Calculation Date Revenue 85,000,000 June 30, 2023 $44,000,000 90,000,000 September 30, 2023 $69,000,000 95,000,000 December 31, 2023 $100,000,000 March 31, 2024 $125,000,000 110,000,000 June 30, 2024 $125,000,000 September 30, 2024 $125,000,000 150,000,000 December 31, 2024 $125,000,000 150,000,000 March 31, 2025 $125,000,000150,000,000 June 30, 2025 $150,000,000 September 30, 2025 $150,000,000 December 31, 2025 $150,000,000 March 31, 2026 $150,000,000 June 30, 2026 $150,000,000 September 30, 2026 $150,000,000 December 31, 2026 $150,000,000 March 31, 2027 and each fiscal quarter thereafter $150,000,000

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Xeris Biopharma Holdings, Inc.)

Minimum Revenue. As of the last day of each fiscal quarter set forth below (eachbelow, a “Calculation Date”), Holdings the Borrower and its Subsidiaries shall have received RevenueRevenue (exclusive of any non-recurring Revenue from royalties, licenses or other sources), for the trailing twelve (12) consecutive month consecutive period ending on the last day of such Calculation Datefiscal quarter, in an aggregate amount not less than the corresponding amount set forth opposite such Calculation Datefiscal quarter: Calculation Date Revenue March 31, 2022 $5,750,000 June 30, 2022 $7,750,000 September 30, 2022 $11,000,000 December 31, 2022 $18,000,000 March 31, 2023 $26,000,000 79 Calculation Date Fiscal Quarter Ending Revenue June 30, 2023 2019 $44,000,000 7,041,000 September 30, 2023 2019 $69,000,000 6,244,000 December 31, 2023 2019 $100,000,000 7,780,000 March 31, 2024 2020 $125,000,000 11,004,000 June 30, 2024 2020 $125,000,000 14,761,000 September 30, 2024 2020 $125,000,000 19,626,000 December 31, 2024 2020 $125,000,000 23,588,000 March 31, 2025 2021 $125,000,00031,193,000 June 30, 2021 $37,341,000 September 30, 2021 $45,420,000 December 31, 2021 $54,974,000

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Adma Biologics, Inc.)

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Minimum Revenue. As of the last day of each fiscal quarter set forth below (eachbelow, a “Calculation Date”), Holdings the Parent and its Subsidiaries shall have received Revenue, consolidated Revenue for the trailing period of twelve (12) month consecutive period months ending on the last day of such Calculation Datefiscal quarter, determined on the basis of the financial statements most recently delivered pursuant to Sections 8.01(b) or 8.01(c), as applicable, in an aggregate amount not less than the corresponding amount set forth opposite such Calculation Datefiscal quarter: Calculation Date Fiscal Quarter Ending TTM Revenue March 31, 2022 $5,750,000 June 30, 2022 $7,750,000 September 30, 2022 $11,000,000 December 31, 2022 $18,000,000 March 31, 2023 $26,000,000 79 Calculation Date Revenue June 30, 2023 $44,000,000 September 30, 2023 $69,000,000 $ 63.6 million December 31, 2023 $100,000,000 $ 80.5 million March 31, 2024 $125,000,000 $ 92.0 million June 30, 2024 $125,000,000 $ 105.5 million September 30, 2024 $125,000,000 $ 98.3 million December 31, 2024 $125,000,000 $ 108.0 million March 31, 2025 $125,000,000$ 119.6 million June 30, 2025 $ 125.8 million September 30, 2025 and Thereafter $ 107.3 million SECTION 11

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Allurion Technologies, Inc.)

Minimum Revenue. As of the last day of On each fiscal quarter calculation date set forth below in the column entitled “Calculation Date” (each, a “Calculation Date”), Holdings and its Subsidiaries shall have received Revenue, Revenue for the trailing twelve (12) month four consecutive fiscal quarter period ending ended on such Calculation Date, in an aggregate amount Date shall not be less than the corresponding amount set forth opposite such Calculation Datein the column entitled “Revenue”: Calculation Date Revenue March 31, 2022 $5,750,000 June 30, 2022 $7,750,000 September 30, 2022 $11,000,000 December 31, 2022 $18,000,000 March 31, 2023 $26,000,000 79 Calculation Date Revenue June 30, 2023 $44,000,000 2018 $ 35,792,000 September 30, 2023 $69,000,000 2018 $ 36,787,000 December 31, 2023 $100,000,000 2018 $ 38,779,000 March 31, 2024 $125,000,000 2019 $ 41,316,000 June 30, 2024 $125,000,000 2019 $ 43,019,000 September 30, 2024 $125,000,000 2019 $ 44,612,000 December 31, 2024 $125,000,000 2019 $ 46,114,000 March 31, 2025 $125,000,0002020 $ 47,242,000 June 30, 2020 $ 48,321,000 September 30, 2020 $ 49,376,000

Appears in 1 contract

Samples: Business Financing Agreement (Vapotherm Inc)

Minimum Revenue. As of the last day of each fiscal quarter set forth below (each, a “Calculation Date”), Holdings the Borrower and its Subsidiaries shall have received Revenue, for the trailing twelve (12) month consecutive period ending on such Calculation Date, in an aggregate amount not less than the corresponding amount set forth opposite such Calculation Date: Calculation Date Revenue June 30, 2021 $13,971,000 September 30, 2021 $20,018,000 December 31, 2021 $26,364,000 March 31, 2022 $5,750,000 43,949,000 June 30, 2022 $7,750,000 59,158,000 September 30, 2022 $11,000,000 73,428,000 December 31, 2022 $18,000,000 83,409,000 March 31, 2023 $26,000,000 79 Calculation Date Revenue 101,606,000 June 30, 2023 $44,000,000 119,803,000 September 30, 2023 $69,000,000 125,000,000 December 31, 2023 $100,000,000 125,000,000 March 31, 2024 $125,000,000 June 30, 2024 $125,000,000 September 30, 2024 $125,000,000 December 31, 2024 $125,000,000 March 31, 2025 $125,000,000

Appears in 1 contract

Samples: Credit Agreement (Thimble Point Acquisition Corp.)

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