Minimum Revenues Sample Clauses
The Minimum Revenues clause sets a baseline amount of income that must be generated or guaranteed under a contract. Typically, this clause requires one party—often a licensee, distributor, or tenant—to ensure that a specified minimum revenue threshold is met within a defined period, regardless of actual sales or usage. For example, a tenant in a commercial lease might be required to pay rent based on a minimum revenue figure, even if their actual sales fall short. The core function of this clause is to protect the revenue expectations of the party receiving payments, reducing their financial risk and providing predictability in income.
Minimum Revenues. On each of the Computation Dates set forth below, the Borrower shall not permit the total cumulative revenues (calculated for the period of time beginning on February 1, 2002 through such Computation Date) to be less than the minimum amount set forth bellow:
1. MINIMUM COMPUTATION DATE CUMULATIVE REVENUES ---------------- ------------------- April 30, 2002 $2,000,000 July 31, 2002 $4,800,000 October 31, 2002 $8,000,000 January 31, 2003 $11,500,000
Minimum Revenues. The Borrower will not permit the aggregate amount of the revenues of the Borrower and its Subsidiaries from the operation of its network system for any period of four consecutive quarters ending during the following respective periods to be less than the following respective amounts: Period Amount ------ ------ From June 30, 1999 U.S. $25,000,000 through September 29, 1999 From September 30, 1999 U.S. $33,500,000 through December 30, 1999 From December 31, 1999 U.S. $35,000,000 through March 30, 2000 From March 31, 2000 U.S. $40,000,000 through June 29, 2000 From June 30, 2000 U.S. $65,500,000 through September 29, 2000 From September 30, 2000 U.S. $76,000,000 through December 30, 2000 From December 31, 2000 U.S. $88,000,000 through March 30, 2001 From March 31, 2001 U.S. $107,000,000 through June 29, 2001 From June 30, 2001 U.S. $123,500,000 through September 29, 2001 3 -3- From September 30, 2001 U.S. $141,000,000 through December 30, 2001 From December 31, 2001 U.S. $160,000,000 and at all times thereafter
Minimum Revenues. Borrower agrees, that so long as any Credit Exposure exists, Borrower shall not permit the average monthly total revenues of Borrower and its consolidated Subsidiaries (as provided in the financial statements delivered to Agent pursuant to Section 4.1(a) hereof), calculated on a trailing twelve month basis, to equal less than $11,600,000 per month for a period of three (3) consecutive months.
Minimum Revenues. The Borrower will maintain minimum Consolidated gross income of Twenty Million Dollars ($20,000,000) for the twelve (12) months ending on September 30, 2017 and for the twelve (12) month period ending on the last day of each Fiscal Quarter thereafter, provided that the required minimum Consolidated gross income amount shall be increased by an amount equal to 200% of any Additional Tranche advanced to Borrower hereunder (whether or not then outstanding).
Minimum Revenues. (a) With respect to Combidex, for each full twelve-month period beginning on the first day of the fiscal quarter commencing after the Combidex Approval Date, the total amount of revenue to AM resulting from royalties on Agent Net Sales of Combidex under this Agreement and payments for Combidex under the Supply Agreement shall not be less than: First Year $***** Second Year $***** Third Year $***** Fourth Year $***** Fifth Year $***** Thereafter ***** --------------------------------- ***** Confidential portion omitted and filed separately with the Securities and Exchange Commission. If such revenues are less than such amount in any period, AM shall have the right to elect that the licenses and rights granted under this Agreement with respect to Combidex be converted to non-exclusive licenses and rights.
(b) With respect to Code 7228, for each full twelve-month period beginning on the first day of the third fiscal quarter commencing after the Code 7228 Approval Date, the total amount of revenue to AM resulting from royalties on Agent Net Sales of Code 7228 and Combidex combined under this Agreement and payments for Combidex and Code 7228 combined under the Supply Agreement by Cytogen shall not be less than: First Year $***** Second Year $***** Third Year $***** Fourth Year $***** Fifth Year $***** Thereafter ***** If such revenues for Code 7228 and Combidex combined are less than such amount in any period, AM shall have the right to elect that the licenses and rights granted under this Agreement with respect to Code 7228 be converted to non-exclusive licenses and rights.
Minimum Revenues. The Credit Parties shall not permit revenues of the Consolidated Entity:
(i) as determined as of October 31, 2007 and the last day of each consecutive calendar month ending thereafter through and including August 31, 2008, in each case for the period commencing on the Closing Date and ending on such date, to be less than ninety percent (90%) of the projected revenues of the Consolidated Entity for such period set forth in the Initial Projections; and
(ii) as determined as of September 30, 2008 and the last day of each consecutive calendar month ending thereafter, in each case for the twelve month period ending on such date, to be less than ninety percent (90%) of the projected revenues of the Consolidated Entity for such period set forth in the Initial Projections.
Minimum Revenues. As of the last day of each month, Borrower’s rolling three (3) month revenues for such month shall not be less than seventy-five percent (75%) of Borrower’s projected revenues for such period as outlined in Borrower’s business plan dated July 17, 2009.
Minimum Revenues. Borrower shall not permit Total Revenues for any Fiscal Quarter to be less than $125,000,000.
Minimum Revenues. Holdings shall not permit Revenues for any Fiscal Quarter during Stage 1, beginning September 30, 2000, to be less than the correlative amount indicated as set forth on Schedule 6.6(a), provided that for --------------- -------- the purposes of determining compliance with this covenant following consummation of a Permitted Acquisition (i) such amounts set forth in Schedule 6.6(a) shall -------------- be increased by 100% of the greater of (y) revenues (calculated in each case for the purpose of this clause on the same basis as Revenues) of the entity or assets being acquired for the Fiscal Quarter most recently ended prior to the consummation of such Permitted Acquisition and (z) revenues of the entity or assets being acquired for the Fiscal Quarter prior to the Fiscal Quarter being measured and (ii) Revenues of Holdings shall be calculated and increased or reduced with respect to such period on a pro forma basis in the same manner.
Minimum Revenues. The amount of Pro Forma Consolidated Revenues of Parent and its Subsidiaries as of September 30, 2020 for the Test Period then ended is greater than $45,000,000.