Common use of Minimum Revenue Clause in Contracts

Minimum Revenue. As of the last day of each fiscal quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues of the Borrower and its Subsidiaries for the trailing twelve month period ending on the last day of such fiscal quarter to be less than the amount set forth below of each applicable period: Fiscal Quarter End Minimum Consolidated Revenues December 31, 2022 $ 226,500,000.00 March 31, 2023 $ 253,100,000.00 June 30, 2023 $ 283,500,000.00 September 30, 2023 $ 312,900,000.00 December 31, 2023 $ 342,700,000.00 March 31, 2024 $ 371,600,000.00 June 30, 2024 $ 408,300,000.00 September 30, 2024 $ 443,000,000.00 December 31, 2024 $ 459,100,000.00 March 31, 2025 $ 487,900,000.00 June 30, 2025 $ 521,900,000.00 September 30, 2025 $ 556,700,000.00 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.00

Appears in 4 contracts

Samples: Credit Agreement (Tempus AI, Inc.), Credit Agreement (Tempus AI, Inc.), Credit Agreement (Tempus Labs, Inc.)

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Minimum Revenue. As of the last day of each fiscal quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues of the Borrower and its Subsidiaries for the trailing twelve month period ending on the last day of such fiscal quarter to be less than the amount set forth below of each applicable period: Fiscal Quarter End Minimum Consolidated Revenues December 31, 2022 $ 226,500,000.00 March 31, 2023 $ 253,100,000.00 June 30, 2023 $ 283,500,000.00 77 Fiscal Quarter End Minimum Consolidated Revenues September 30, 2023 $ 312,900,000.00 December 31, 2023 $ 342,700,000.00 March 31, 2024 $ 371,600,000.00 June 30, 2024 $ 408,300,000.00 September 30, 2024 $ 443,000,000.00 December 31, 2024 $ 459,100,000.00 March 31, 2025 $ 487,900,000.00 June 30, 2025 $ 521,900,000.00 September 30, 2025 $ 556,700,000.00 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.00

Appears in 2 contracts

Samples: Credit Agreement (Tempus AI, Inc.), Credit Agreement (Tempus Labs, Inc.)

Minimum Revenue. As of the last day of each fiscal quarterFiscal Quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues Consolidated Total Revenue of the Borrower and its Restricted Subsidiaries for the trailing twelve month four Fiscal Quarter period ending on the last day of such fiscal quarter then ended shall be equal to be less or greater than the amount level corresponding to such period and set forth below of each applicable periodin the following table: Four Fiscal Quarter End Minimum Period Ending Consolidated Revenues Total Revenue March 31, 2021 $ 2,418,000,000 June 30, 2021 $ 2,418,000,000 September 30, 2021 $ 2,418,000,000 December 31, 2021 $ 2,418,000,000 March 31, 2022 $ 2,418,000,000 June 30, 2022 $ 2,418,000,000 September 30, 2022 $ 2,418,000,000 December 31, 2022 $ 226,500,000.00 2,418,000,000 March 31, 2023 $ 253,100,000.00 3,799,000,000 June 30, 2023 $ 283,500,000.00 3,799,000,000 September 30, 2023 $ 312,900,000.00 3,799,000,000 December 31, 2023 $ 342,700,000.00 3,799,000,000 March 31, 2024 $ 371,600,000.00 4,668,000,000 June 30, 2024 $ 408,300,000.00 4,668,000,000 September 30, 2024 $ 443,000,000.00 4,668,000,000 December 31, 2024 $ 459,100,000.00 4,668,000,000 March 31, 2025 $ 487,900,000.00 4,668,000,000 June 30, 2025 $ 521,900,000.00 4,668,000,000 September 30, 2025 $ 556,700,000.00 4,668,000,000 December 31, 2025 and each fiscal quarter such period ending thereafter $ 594,100,000.004,668,000,000 ARTICLE 8

Appears in 1 contract

Samples: Revolving Credit and Guaranty Agreement (Compass, Inc.)

Minimum Revenue. As of the last day of each fiscal quarterFiscal Quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues Consolidated Total Revenue of the Borrower and its Restricted Subsidiaries for the trailing twelve month four Fiscal Quarter period ending on the last day of such fiscal quarter then ended shall be equal to be less or greater than the amount level corresponding to such period and set forth below of each applicable periodin the following table: Four Fiscal Quarter End Minimum Period Ending Consolidated Revenues December Total Revenue July 31, 2019 $383,000,000 October 31, 2019 $430,000,000 January 31, 2020 $480,000,000 April 30, 2020 $531,000,000 July 31, 2020 $584,000,000 October 31, 2020 $642,000,000 January 31, 2021 $704,000,000 April 30, 2021 $769,000,000 July 31, 2021 $838,000,000 October 31, 2021 $914,000,000 January 31, 2022 $ 226,500,000.00 March $994,000,000 April 30, 2022 $994,000,000 July 31, 2022 $994,000,000 October 31, 2022 $994,000,000 January 31, 2023 $ 253,100,000.00 June $1,195,000,000 April 30, 2023 $ 283,500,000.00 September 30, 2023 $ 312,900,000.00 December $1,195,000,000 July 31, 2023 $ 342,700,000.00 March $1,195,000,000 October 31, 2024 $ 371,600,000.00 June 30, 2024 $ 408,300,000.00 September 30, 2024 $ 443,000,000.00 December 2023 $1,195,000,000 101 January 31, 2024 $ 459,100,000.00 March 312024, 2025 $ 487,900,000.00 June 30, 2025 $ 521,900,000.00 September 30, 2025 $ 556,700,000.00 December 31, 2025 and each fiscal quarter such period ending thereafter $ 594,100,000.00$1,370,000,000

Appears in 1 contract

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

Minimum Revenue. As of the last day end of each fiscal quarter, commencing with the fiscal quarter ending December 31ended June 30, 20222024, and each fiscal quarter thereafter, the Borrower Obligors shall not permit maintain, on a consolidated Revenues of the Borrower and its Subsidiaries basis, Revenue for the trailing twelve (12) month period ending most recently ended on the last day such date of such fiscal quarter to be not less than the amount set forth below of each applicable periodin the table below: Fiscal Quarter End Twelve-Month Period Ended Minimum Consolidated Revenues December 31, 2022 $ 226,500,000.00 March 31, 2023 $ 253,100,000.00 June 30, 2023 $ 283,500,000.00 September 30, 2023 $ 312,900,000.00 December 31, 2023 $ 342,700,000.00 March 31, 2024 $ 371,600,000.00 Revenue June 30, 2024 $ 408,300,000.00 $43,600,000 September 30, 2024 $ 443,000,000.00 $46,200,000 December 31, 2024 $ 459,100,000.00 $51,800,000 March 31, 2025 $ 487,900,000.00 $56,900,000 June 30, 2025 $ 521,900,000.00 $60,400,000 September 30, 2025 $ 556,700,000.00 $64,600,000 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.00$67,400,000 March 31, 2026 $72,600,000 June 30, 2026 $75,300,000 -82- #98195096v26 September 30, 2026 $81,000,000 December 31, 2026 $87,300,000 March 31, 2027 $94,100,000 June 30, 2027 $93,200,000 September 30, 2027 $100,300,000 December 31, 2027 $108,100,000 March 31, 2028 $116,400,000 June 30, 2028 $125,800,000 September 30, 2028 $135,200,000 December 31, 2028 $145,700,000 March 31, 2029 $156,500,000

Appears in 1 contract

Samples: Credit Agreement (SOPHiA GENETICS SA)

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Minimum Revenue. As of the last day of each fiscal quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Permit Revenues of the Borrower Parent and its Subsidiaries for any period of 4 consecutive fiscal quarters (unless a shorter period is set forth below) of the trailing twelve month period Parent and its Subsidiaries ending on the last day of a fiscal quarter of the Parent set forth below, calculated as of the last day of such fiscal quarter quarter, to be less than the amount set forth below of each applicable periodopposite such date: Fiscal Quarter End Ending Minimum Consolidated Revenues September 30, 2022 (for the fiscal quarter then ended) $133,000,000 December 31, 2022 $ 226,500,000.00 (for the two consecutive fiscal quarter period then ended) $263,000,000 March 31, 2023 $ 253,100,000.00 (for the three consecutive fiscal quarter period then ended) $386,000,000 June 30, 2023 $ 283,500,000.00 $521,000,000 September 30, 2023 $ 312,900,000.00 $545,000,000 December 31, 2023 $ 342,700,000.00 $576,000,000 March 31, 2024 $ 371,600,000.00 $626,000,000 June 30, 2024 $ 408,300,000.00 $650,000,000 September 30, 2024 $ 443,000,000.00 $675,000,000 December 31, 2024 $ 459,100,000.00 $675,000,000 March 31, 2025 $ 487,900,000.00 $685,000,000 June 30, 2025 $ 521,900,000.00 $695,000,000 September 30, 2025 $ 556,700,000.00 $705,000,000 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.00$707,000,000 March 31, 2026 $707,000,000 June 30, 2026 $707,000,000

Appears in 1 contract

Samples: Financing Agreement (Beachbody Company, Inc.)

Minimum Revenue. As of At the last day end of each fiscal quarterquarter set forth below, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall maintain quarterly Revenue of not permit consolidated Revenues of the Borrower and its Subsidiaries for the trailing twelve month period ending on the last day of such fiscal quarter to be less than the amount set forth below of each applicable periodfor such fiscal quarter: Fiscal Quarter End Minimum Consolidated Revenues Ending Revenue --------------------- ------- September 30, 1999 $110,000,000 December 31, 2022 $ 226,500,000.00 1999 $135,000,000 March 31, 2023 $ 253,100,000.00 2000 $135,000,000 June 30, 2023 $ 283,500,000.00 2000 $180,000,000 September 30, 2023 $ 312,900,000.00 2000 $225,000,000 December 31, 2023 $ 342,700,000.00 2000 $265,000,000 March 31, 2024 $ 371,600,000.00 2001 $290,000,000 June 30, 2024 $ 408,300,000.00 2001 $330,000,000 September 30, 2024 $ 443,000,000.00 2001 $365,000,000 December 31, 2024 $ 459,100,000.00 2001 $420,000,000 March 31, 2025 $ 487,900,000.00 2002 $468,000,000 June 30, 2025 $ 521,900,000.00 2002 $502,500,000 September 30, 2025 $ 556,700,000.00 2002 $542,000,000 December 31, 2025 and each fiscal quarter thereafter $ 594,100,000.002002 $587,500,000 March 31, 2003 $615,000,000 June 30, 2003 $675,000,000 September 30, 2003 $710,000,000 December 31, 2003 $750,000,000 March 31, 2004 $825,000,000 June 30, 2004 $835,000,000 September 30, 2004 $840,000,000 December 31, 2004 $850,000,000 March 31, 2005 $850,000,000 June 30, 2005 $850,000,000 Fiscal Quarter Ending Revenue --------------------- ------- September 30, 2005 $865,000,000 December 31, 2005 $885,500,000

Appears in 1 contract

Samples: Credit Agreement (Icg Holdings Inc)

Minimum Revenue. As of the last day of each fiscal quarterFiscal Quarter, commencing with the fiscal quarter ending December 31, 2022, the Borrower shall not permit consolidated Revenues Consolidated Total Revenue of the Borrower and its Restricted Subsidiaries for the trailing twelve month four Fiscal Quarter period ending on the last day of such fiscal quarter then ended shall be equal to be less or greater than the amount level corresponding to such period and set forth below of each applicable periodin the following table: 103 |US-DOCS\140731213.5|| Four Fiscal Quarter End Minimum Period Ending Consolidated Revenues Total Revenue March 31, 2021 $2,418,000,000 June 30, 2021 $2,418,000,000 September 30, 2021 $2,418,000,000 December 31, 2021 $2,418,000,000 March 31, 2022 $2,418,000,000 June 30, 2022 $2,418,000,000 September 30, 2022 $2,418,000,000 December 31, 2022 $ 226,500,000.00 $2,418,000,000 March 31, 2023 $ 253,100,000.00 $3,799,000,000 June 30, 2023 $ 283,500,000.00 $3,799,000,000 September 30, 2023 $ 312,900,000.00 $3,799,000,000 December 31, 2023 $ 342,700,000.00 $3,799,000,000 March 31, 2024 $ 371,600,000.00 $4,668,000,000 June 30, 2024 $ 408,300,000.00 $4,668,000,000 September 30, 2024 $ 443,000,000.00 $4,668,000,000 December 31, 2024 $ 459,100,000.00 $4,668,000,000 March 31, 2025 $ 487,900,000.00 $4,668,000,000 June 30, 2025 $ 521,900,000.00 $4,668,000,000 September 30, 2025 $ 556,700,000.00 $4,668,000,000 December 31, 2025 and each fiscal quarter such period ending thereafter $ 594,100,000.00$4,668,000,000

Appears in 1 contract

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

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