Common use of Borrowing Milestone Clause in Contracts

Borrowing Milestone. Borrower shall have achieved minimum Revenue of at least $7,000,000 during any consecutive three (3) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than June 30, 2016. For the avoidance of doubt, the conditions of this Section 6.03(c) and Section 6.02(c)(ii) may be satisfied with the same three (3) month period.

Appears in 3 contracts

Sources: Term Loan Agreement (Decipher Biosciences, Inc.), Term Loan Agreement (Decipher Biosciences, Inc.), Term Loan Agreement (Decipher Biosciences, Inc.)

Borrowing Milestone. Borrower shall have achieved minimum Revenue of at least $7,000,000 12,000,000 during any consecutive three twelve (312) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than June 30March 31, 20162017. For the avoidance of doubt, the conditions of this Section 6.03(c) and Section 6.02(c)(ii6.02(c) may be satisfied with the same three twelve (312) month period.

Appears in 3 contracts

Sources: Term Loan Agreement (Decipher Biosciences, Inc.), Term Loan Agreement (Decipher Biosciences, Inc.), Term Loan Agreement (Decipher Biosciences, Inc.)

Borrowing Milestone. Borrower shall have achieved minimum Revenue of at least $7,000,000 12,000,000 during any consecutive three twelve (312) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than June 30March 31, 20162017. For the avoidance of doubt, the conditions condition of this Section 6.03(c6.02(c) and Section 6.02(c)(ii6.03(c) may be satisfied with the same three twelve (312) month period.

Appears in 3 contracts

Sources: Term Loan Agreement (Decipher Biosciences, Inc.), Term Loan Agreement (Decipher Biosciences, Inc.), Term Loan Agreement (Decipher Biosciences, Inc.)