Common use of Minimum Revenue Clause in Contracts

Minimum Revenue. On each date set forth below (a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net Revenue for the trailing twelve-month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: Calculation Date Net Revenue December 31, 2018 $ 11,337,000 March 31, 2019 $ 11,430,000 June 30, 2019 $ 10,822,000 September 30, 2019 $ 10,777,000 December 31, 2019 $ 10,836,000 March 31, 2020 $ 11,256,000 June 30, 2020 $ 12,112,000 September 30, 2020 $ 12,604,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,000

Appears in 7 contracts

Samples: Forbearance Agreement (Icagen, Inc.), Forbearance Agreement (Icagen, Inc.), Credit Agreement (Icagen, Inc.)

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Minimum Revenue. On Subject to Section 10.03 below, on each calculation date set forth below (each, a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net ), Revenue for the trailing twelve-twelve consecutive month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: Calculation Date Net Revenue March 31, 2018 $ 2,300,000 June 30, 2018 $ 3,000,000 September 30, 2018 $ 4,600,000 December 31, 2018 $ 11,337,000 6,000,000 March 31, 2019 $ 11,430,000 8,000,000 June 30, 2019 $ 10,822,000 11,000,000 September 30, 2019 $ 10,777,000 14,000,000 December 31, 2019 $ 10,836,000 17,000,000 March 31, 2020 $ 11,256,000 20,500,000 June 30, 2020 $ 12,112,000 24,000,000 September 30, 2020 $ 12,604,000 27,500,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,00032,000,000

Appears in 2 contracts

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

Minimum Revenue. On each date set forth below (a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net Revenue for the trailing twelve-month period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Date: Calculation Date Net Revenue December 31, 2018 $ 11,337,000 March 31, 2019 $ 11,430,000 June 30, 2019 $ 10,822,000 Calculation Date Net Revenue September 30, 2019 $ 10,777,000 December 31, 2019 $ 10,836,000 March 31, 2020 $ 11,256,000 June 30, 2020 $ 12,112,000 September 30, 2020 $ 12,604,000 December 31, 2020 $ 14,117,000 March 31, 2021 $ 14,258,000 June 30, 2021 $ 14,435,000 September 30, 2021 $ 14,590,000 December 31, 2021 $ 14,823,000 March 31, 2022 $ 14,971,000 June 30, 2022 $ 15,157,000

Appears in 1 contract

Samples: Forbearance Agreement (Icagen, Inc.)

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Minimum Revenue. On each calculation date set forth below in the column entitled “Calculation Date” (each, a “Calculation Date”) under the heading “Calculation Date,” the Consolidated Net ), Revenue for the trailing twelve-month four consecutive fiscal quarter period ended on such Calculation Date shall not be less than the amount set forth opposite such Calculation Datein the column entitled “Revenue”: Calculation Date Net Revenue June 30, 2018 $ 35,792,000 September 30, 2018 $ 36,787,000 December 31, 2018 $ 11,337,000 38,779,000 March 31, 2019 $ 11,430,000 41,316,000 June 30, 2019 $ 10,822,000 43,019,000 September 30, 2019 $ 10,777,000 44,612,000 December 31, 2019 $ 10,836,000 46,114,000 March 31, 2020 $ 11,256,000 47,242,000 June 30, 2020 $ 12,112,000 48,321,000 September 30, 2020 $ 12,604,000 49,376,000 December 31, 2020 $ 14,117,000 50,725,000 March 31, 2021 $ 14,258,000 51,966,000 June 30, 2021 $ 14,435,000 53,153,000 September 30, 2021 $ 14,590,000 54,314,000 December 31, 2021 $ 14,823,000 55,797,000 March 31, 2022 $ 14,971,000 57,163,000 June 30, 2022 $ 15,157,00058,468,000 September 30, 2022 $ 59,746,000 December 31, 2022 $ 61,377,000 March 31, 2023 $ 62,879,000

Appears in 1 contract

Samples: Credit Agreement and Guaranty (Vapotherm Inc)

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