Availability Period Extension Milestone definition

Availability Period Extension Milestone means You have achieved eighty-five percent (85%) of the projected bookings and revenue for the fiscal year ending January 31, 2016, as set forth in the board approved revenue plan provided to Us and attached to the Disclosure Letter, delivered to Us on the Closing Date or an updated revenue plan, so long as such updated revenue plan has a minimum expected revenue equal to or greater than the revenue plan attached to the Disclosure Letter and delivered to Us on the Closing Date.
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Availability Period Extension Milestone means You shall have achieved revenues recognized in accordance with GAAP for any trailing twelve (12) month period ending as of the last day of the most recently ended month prior to the end of the applicable Availability Period in an amount not less than 80% of the revenue projections for such twelve (12) month period that have been approved by Your board of directors, reviewed and approved by Us, and attached as Exhibit E for fiscal year 2013 or an updated revenue plan for fiscal years 2014 and 2015 so long as such updated revenue plan has a minimum expected revenue equal to or greater than the revenue projections set forth in Exhibit E.
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Availability Period Extension Milestone means You have achieved eighty percent (80%) of the projected revenue and operating loss (excluding stock-based compensation) for the previous trailing twelve (12) month period for the period ending as of the last day of the most recently ended quarter prior to the end of the applicable Availability Period (which quarter shall have ended not more than forty five (45) days prior) as set forth in the revenue plan provided to Us on the Closing Date.
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Examples of Availability Period Extension Milestone in a sentence

  • We may approve, in Our sole discretion, the Second Extension in the absence of Your completion of the Availability Period Extension Milestone.

  • We may approve, in Our sole discretion, the Initial Extension in the absence of Your completion of the Availability Period Extension Milestone.

Related to Availability Period Extension Milestone

  • Extension Minimum Condition means a condition to consummating any Extension that a minimum amount (to be determined and specified in the relevant Extension Request, in the Borrower’s sole discretion) of any or all applicable Classes be submitted for Extension.

  • Grace Period Extension Date means, if:

  • Minimum Extension Condition has the meaning assigned to such term in Section 2.23(b).

  • Term Loan Availability Period means the period starting on the Effective Date and ending on the End Date.

  • Extension Conditions Defined in Section 3.06(a).

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Availability Period means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date of termination of the Commitments.

  • Second Extension Period means the period commencing on the day following the First Extended Scheduled Maturity Date and ending on the Second Extended Scheduled Maturity Date.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Debt service extension base means an amount equal to that

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Anticipated total county revenue availability per student means the anticipated total county revenue availability for the county divided by the average daily membership of the county.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Non-Extension Drawing has the meaning specified in Section 3.5(d).

  • Second Draw Period is the period commencing on the date of the occurrence of the Term B Draw Event and ending on the earlier of (i) December 31, 2015 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on the date of the occurrence of the Term B Draw Event an Event of Default has occurred and is continuing.

  • Initial Extension of Credit means the earlier to occur of the initial Borrowing and the initial issuance of a Letter of Credit hereunder.

  • Revolver Extension Request has the meaning set forth in Section 2.16(b).

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Optional Extended Local Calling Scope Arrangement Traffic is traffic that under an optional Extended Local Calling Scope Arrangement chosen by the Customer terminates outside of the Customer’s basic exchange serving area.

  • Credit Extension Date means the Borrowing Date for an Advance or the issuance date for a Facility LC.

  • Availability Date means the day after the end of the fourth fiscal quarter following the fiscal quarter that includes such Effective Time on which the Company is required to file its Form 10-Q for such fiscal quarter except that, if such fourth fiscal quarter is the last quarter of the Company’s fiscal year, “Availability Date” means the day after the end of such fourth fiscal quarter on which the Company is required to file its Form 10-K.

  • First Extended Maturity Date has the meaning specified in Section 2.15(a).

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Final Availability Date means the earlier of the Revolving Termination Date and one (1) Business Day prior to the date specified in clause (a) of the definition of Revolving Termination Date.