Minimum Consolidated Net Income Sample Clauses
The Minimum Consolidated Net Income clause sets a required threshold for the net income that a company or group of companies must maintain, typically on a consolidated basis. This clause often applies to borrowers in loan agreements, requiring them to report a minimum level of profitability over a specified period, such as a fiscal quarter or year. By establishing this financial benchmark, the clause helps lenders monitor the ongoing financial health of the borrower and provides an early warning mechanism if the company's profitability declines, thereby managing credit risk.
Minimum Consolidated Net Income. Maintain, beginning December 31, 2002, as to DGC on a consolidated basis, on a rolling four (4) quarter basis, as of the end of each fiscal quarter net income after taxes (GAAP basis) of at least Ten Million Dollars ($10,000,000.00).
Minimum Consolidated Net Income. As of the end of each fiscal quarter, the Borrower shall not permit Consolidated Net Income for such fiscal quarter to be less than $1.00.
Minimum Consolidated Net Income. Not permit its Consolidated Net ------------------------------- Income as of the last day of any Fiscal Quarter to be less than zero.
Minimum Consolidated Net Income. The Co-Borrowers shall maintain a minimum Consolidated Net Income of $500,000 for any four-quarterly period and the Co-Borrowers shall not suffer to exist two consecutive quarterly periods where Consolidated Net Income is less than $0.
Minimum Consolidated Net Income. The Company shall not cause, suffer or permit its Consolidated Net Income (i) during any two consecutive month period from March, 2002 through July, 2002, to be less than $150,000, and (ii) to be less than the following amounts as measured for or at the following times: Quarter Ending Minimum Consolidated Net Income -------------- ------------------------------- March 31, 2002 $150,000 June 30, 2002 $300,000
Minimum Consolidated Net Income. The Company shall not permit Consolidated Net Income to be less than zero for any fiscal quarter.
Minimum Consolidated Net Income. Borrower and its Consolidated Subsidiaries will have for every two (2) consecutive Fiscal Quarters and for each Fiscal Year Consolidated Net Income of not less than One Dollar ($1.00).
Minimum Consolidated Net Income. Permit the Consolidated Net Income of Company and its consolidated Subsidiaries as of the end of any fiscal quarter of Company, measured for the immediately preceding four fiscal quarters, to be less than $4,250,000.
Minimum Consolidated Net Income. Section 7.2 of the Loan ------------------------------- Agreement is hereby deleted in its entirety and replaced as follows:
Minimum Consolidated Net Income. Permit Consolidated Net Income at any time, measured monthly to be less than (except in the case of January 1998, such number shall be a maximum) the amounts set forth below: Period Amount August 1 - August 31, 1997 $100,000 September 1 - September 30, 1997 ($150,000) October 1 - October 31, 1997 ($190,000) November 1 - November 30, 1997 ($80,000) December 1 - December 31, 1997 $150,000 January 1-January 31, 1998 ($140,000)