Adjusted Net Income. As of the end of each month, the Seller’s net income (calculated excluding, for any relevant period of determination, the Seller’s one-time, loan loss provision in the amount of $6,000,000 that was established on September 30, 2009), determined in accordance with GAAP, for the twelve consecutive months then ended shall not be less than One Dollar ($1.00). 2.23. Section 17.15 of the Repurchase Agreement is amended to read in its entirety as follows:
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Adjusted Net Income. As of the end of each month, the Seller’s net income (calculated excluding, for any relevant period of determination, the Seller’s one-time, loan loss provision in the amount of $6,000,000 4,010,000 that was established on September 30December 31, 20092011), determined in accordance with GAAP, for the twelve consecutive months then ended shall not be less than One Dollar ($1.00).
2.23. Section 17.15 of the Repurchase Agreement is amended to read in its entirety as follows:
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