Common use of Borrowing Milestone Clause in Contracts

Borrowing Milestone. Borrower shall have achieved minimum Revenue from the sale of the Product of at least $15,000,000 during any consecutive twelve (12) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than March 31, 2016.” (f) Section 6.02(d) of the Loan Agreement is hereby amended and restated in its entirety as follows:

Borrowing Milestone. Borrower shall have achieved minimum Revenue from the sale of the Product of at least $15,000,000 [***]1 during any consecutive twelve (12) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than March December 31, 20162015.” (f) Section 6.02(d) of the Loan Agreement is hereby amended and restated in its entirety as follows:

Borrowing Milestone. Borrower shall have achieved minimum Revenue from the sale of the Product of at least $15,000,000 [***]2 during any consecutive twelve (12) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than March 31June 30, 2016.” (f) Section 6.02(d) of the Loan Agreement is hereby amended and restated in its entirety as follows:

Borrowing Milestone. Borrower shall have achieved minimum Revenue from the sale of the Product of at least $15,000,000 38,000,000 during any consecutive twelve (12) month period, provided that Borrower shall have achieved such Borrowing milestone relating to minimum Revenue no later than March 31June 30, 2016.” (f) Section 6.02(d) of the Loan Agreement is hereby amended and restated in its entirety as follows: