Adjusted Net Income. As of the end of each month, the Seller’s net income, determined in accordance with GAAP, for the twelve consecutive months then ended shall not be less than One Dollar ($1.00).
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Sources: Master Repurchase Agreement (M.D.C. Holdings, Inc.), Master Repurchase Agreement (MDC Holdings Inc), Master Repurchase Agreement (MDC Holdings Inc)
Adjusted Net Income. As of the end of each month, the Seller’s net income, determined in accordance with GAAP, for the twelve consecutive months then ended shall not be less than One Dollar ($1.00).”
2.10. Section 17.15 is amended in its entirety to read as follows:
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