Common use of Minimum Revenues Clause in Contracts

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.

Appears in 2 contracts

Sources: Loan and Security Agreement, Loan and Security Agreement (Audience Inc)