Minimum Income Clause Samples

Minimum Income. 5.1 The minimum income (fixed plus proven variable income) of individual Account Holder is as follows or such higher income requirements as the Bank may determine at its absolute discretion. Classic – RM24,000 per annum Gold – RM48,000 per annum Platinum – RM100,000 per annum 5.2 The Bank may at its sole and absolute discretion issue Cards to a person who is unable to prove his annual income, but meets the minimum age requirement, by requiring the Account Holder to place a fixed deposit of an amount equivalent to the credit limit granted to such person. The fixed deposit shall be maintained with the Bank for as long as the credit card facility is available.
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Minimum Income. To be considered for CCLT’s homeownership opportunities, a household’s monthly income, when multiplied by the appropriate debt-to-income ratio, must be sufficient to support the housing costs for the housing opportunity in question. In general, households that require a cosigner in order to obtain a mortgage will not be considered.
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Minimum Income. The Obligors will not permit Consolidated Net Income, commencing with the calendar month ending June 30, 2000, to be less than (i) $1.00 for any calendar month ending on or prior to September 30, 2000, (ii) ($300,000) for the calendar month ended October 31, 2000, and (iii) $1.00 for any calendar month thereafter." (t) Section 27 of the Credit Agreement is hereby amended by deleting the words "the Term Out Date and" contained in the second sentence thereof in their entirety. (u) In connection with the reduction of the Total Commitment to $7,700,000 Schedule 1 to the Credit Agreement is hereby deleted in its entirety and replaced with the Schedule 1 attached hereto.
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Minimum Income. Annual GAAP profitability of at least $1 (excluding adjustments for restructuring charges for vacated facilities and excluding stock based compensation shares) for the period from 5/1/03 to 4/30/04. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
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Minimum Income. A. The net income of WMF Group (and its Subsidiaries, excluding, for measurement periods ending on or before March 31, 2000, WMFCC) for the 4 consecutive fiscal quarters is: $ B. Requirements of Section 7.13 of the Agreement: Permit the net income of WMF Group (and its Subsidiaries, on a consolidated basis, excluding, for measurement periods ending on or before March 31, 2000, WMFCC) for any period of 4 consecutive fiscal quarters to be less than $1. C. Covenant Satisfied: _____ Covenant Not Satisfied: _____
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Minimum Income. Permit the net income of WMF Group (and its -------------- Subsidiaries, on a consolidated basis, excluding, for measurement periods ending on or before March 31, 2000, WMFCC) for any period of four (4) consecutive fiscal quarters, to be less than One Dollar ($1).
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Minimum Income. FSBA shall not show net after-tax income of less than $70,000 quarterly beginning June 30, 1997.
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Minimum Income. Beginning January 1, 1999, Borrower will maintain income of not less than $1.00 for each fiscal quarter.
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Related to Minimum Income

  • Minimum Net Income If as of the last day of any calendar month within a fiscal quarter of the Seller, the Seller’s consolidated Adjusted Tangible Net Worth is less than [***] or the Seller, on a consolidated basis, has cash and Cash Equivalents in an amount that is less than [***], in either case, the Seller’s consolidated Net Income for that fiscal quarter before income taxes for such fiscal quarter shall equal or exceed [***].

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Minimum Interest In no event shall the rate of interest chargeable hereunder for any day be less than 7.0% per annum. To the extent that interest accrued hereunder at the rate set forth herein would be less than the foregoing minimum daily rate, the interest rate chargeable hereunder for such day automatically shall be deemed increased to the minimum rate.

  • Minimum Interest Coverage The Borrower will not permit the ratio of EBITDA to Consolidated Interest Expense as at any fiscal quarter end for the four fiscal quarters then ending to be less than 3.00 to 1.0.

  • Minimum Cash As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.