Common use of to Compliance Certificate Financial Covenants of Borrower Clause in Contracts

to Compliance Certificate Financial Covenants of Borrower. In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: Monthly Recurring Revenue (Section 6.9(a)) Required: Commencing with the month ending August 31, 2011, and as of the last day of each month thereafter, and beginning with the month ending March 31, 2012 for the trailing three (3) month period then ended, Monthly Recurring Revenue of not less than the following amounts at the following times: Month Ending Monthly Recurring Revenue August 31, 2011 $ 2,920,000 September 30, 2011 $ 2,940,000 October 31, 2011 $ 2,960,000 November 30, 2011 $ 2,980,000 December 31, 2011 $ 3,000,000 January 31, 2012 $ 3,135,000 February 29, 2012 $ 3,276,075 March 31, 2012 $ 9,835,000 April 30, 2012 $ 10,277,000 May 31, 2012 $ 10,740,000 June 30, 2012 $ 11,223,000 July 31, 2012 $ 11,728,000 August 31, 2012 $ 12,255,000 September 30, 2012 $ 12,807,000 October 31, 2012 $ 13,384,000 November 30, 2012 $ 13,986,000 December 31, 2012 $ 14,615,000 For purposes of calculating the Monthly Recurring Revenue for February, such calculation will be prorated on the basis of twenty-nine (29) calendar days. Actual:

Appears in 3 contracts

Samples: Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc), Loan and Security Agreement (Marin Software Inc)

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to Compliance Certificate Financial Covenants of Borrower. In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: I Minimum Monthly Recurring Revenue (Section 6.9(a)) Required: Commencing with the month ending August January 31, 20112013, and as of the last day of each month thereafter, and beginning with the month ending March 31, 2012 for the trailing three (3) month period then ended, minimum Monthly Recurring Revenue of not less than at least the following amounts at the following times: Month Ending Minimum Monthly Recurring Revenue January 31, 2013 $ 14,000,000 February 28, 2013 $ 14,000,000 March 31, 2013 $ 14,000,000 April 30, 2013 $ 15,500,000 May 31, 2013 $ 15,500,000 June 30, 2013 $ 15,500,000 July 31, 2013 $ 17,500,000 August 31, 2011 2013 $ 2,920,000 17,500,000 September 30, 2011 2013 $ 2,940,000 17,500,000 October 31, 2011 2013 $ 2,960,000 20,000,000 November 30, 2011 2013 $ 2,980,000 20,000,000 December 31, 2011 2013 $ 3,000,000 20,000,000 January 31, 2012 2014 $ 3,135,000 20,000,000 February 2928, 2012 2014 $ 3,276,075 20,000,000 March 31, 2012 2014 $ 9,835,000 April 30, 2012 $ 10,277,000 May 31, 2012 $ 10,740,000 June 30, 2012 $ 11,223,000 July 31, 2012 $ 11,728,000 August 31, 2012 $ 12,255,000 September 30, 2012 $ 12,807,000 October 31, 2012 $ 13,384,000 November 30, 2012 $ 13,986,000 December 31, 2012 $ 14,615,000 20,000,000 For purposes of calculating the minimum Monthly Recurring Revenue for February, such calculation will be prorated on the basis of twenty-nine eight (2928) calendar days. Actual:

Appears in 1 contract

Samples: Loan and Security Agreement (Marin Software Inc)

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