Minimum Net Income. Pursuant to Section 6.13 of the Credit ------------------ Agreement, the Borrower's Net Income for the period ending on the Reporting Date was $____________, which [ ] satisfies [ ] does not satisfy the requirement that such amount be not less than $_____________ during such period as set forth in table below: Period Minimum Net Income ------ -------------------- Three months ended March 31, 2001 $444,000 Six months ended June 30, 2001 $1,089,000 Nine months ended September 30, 2001 $1,890,000 Twelve months ended December 31, 2001 $2,999,000
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Sources: Credit and Security Agreement (Act Teleconferencing Inc)
Minimum Net Income. Pursuant to Section 6.13 6.12 of the Credit ------------------ Agreement, the Borrower's Net Income for the period ending on as of the Reporting Date the Borrower’s Net Income was $____________, _ which [ ] satisfies [ ] does not satisfy the requirement that such amount be not less than $_____________ during such period on the Reporting Date as set forth in table below: Period Minimum Net Income ------ -------------------- Three months ended ending March 31, 2001 2003 ($444,000 325,000 ) Six months ended ending June 30, 2001 2003 ($1,089,000 215,000 ) Nine months ended September ending Sept. 30, 2001 $1,890,000 2003 ($ 40,000 ) Twelve months ended December ending Dec. 31, 2001 $2,999,0002003 $ 250,000
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Minimum Net Income. Pursuant to Section 6.13 6.12 of the Credit ------------------ Agreement, the Borrower's Net Income for the period ending on as of the Reporting Date the Borrower’s Net Income was $____________, _ which [ ] satisfies [ ] does not satisfy the requirement that such amount be not less than $_____________ during such period on the Reporting Date as set forth in table below: Period Minimum Net Income ------ -------------------- Twelve months ending Dec. 31, 2001 ($6,254,000) Three months ended ending March 31, 2001 2002 ($444,000 866,000) Six months ended ending June 30, 2001 2002 ($1,089,000 1,251,000) Nine months ended September ending Sept. 30, 2001 2002 ($1,890,000 1,991,000) Twelve months ended December ending Dec. 31, 2001 2002 ($2,999,0001,010,000)
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Minimum Net Income. Pursuant to Section 6.13 6.2(b) of the Credit ------------------ Agreement, the Borrower's consolidated Net Income for the _______ month period ending on the Reporting Date Date, was $____________, which [ ] |_| satisfies [ ] |_| does not satisfy the requirement that such amount be not less than $_____________ during such period as set forth in the table below: below (numbers appearing between "< >" are negative): Period Minimum Net Income ------ -------------------- Three ------------------ The three months ended ending March 31, 2001 $444,000 Six months ended June 30, 2001 2003 $ -0- The six months ending June 29, 2003 $1,089,000 Nine 100,000 The nine months ended ending September 3028, 2001 2003 $1,890,000 Twelve 350,000 The twelve months ended ending December 3128, 2001 2003 $2,999,000950,000
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Minimum Net Income. Pursuant to Section 6.13 6.12 of the Credit ------------------ Agreement, the Borrower's Net Income for the period ending on as of the Reporting Date the Borrower’s Net Income was $____________, _ which [ ] o satisfies [ ] o does not satisfy the requirement that such amount be not less than $_____________ during such period on the Reporting Date as set forth in table below: Period Minimum Net Income ------ -------------------- Three months ended ending March 31, 2001 2007 ($444,000 1,840,000 ) Six months ended ending June 30, 2001 2007 ($1,089,000 506,000 ) Nine months ended ending September 30, 2001 2007 $1,890,000 927,000 Twelve months ended ending December 31, 2001 2007 $2,999,000400,000
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Minimum Net Income. Pursuant to Section 6.13 6.12 of the Credit ------------------ Agreement, as of the Reporting Date the Borrower's Net Income for the period ending on the Reporting Date was $____________, _ which [ ] satisfies [ ] does not satisfy the requirement that such amount be not less than $_____________ during such period on the Reporting Date as set forth in table below: Period Minimum Net Income ------ -------------------- Three months ended ending March 31, 2001 2005 ($444,000 300,000) Six months ended ending June 30, 2001 2005 ($1,089,000 250,000) Nine months ended ending September 30, 2001 2005 $1,890,000 0 Twelve months ended ending December 31, 2001 2005 $2,999,000300,000
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Minimum Net Income. Pursuant to Section 6.13 of the Credit ------------------ Agreement, the Borrower's Net Income for the ________ period ending on the Reporting Date Date, was $____________, which [ ] satisfies [ ] does not satisfy the requirement that such amount be not less than than, or such loss shall not be greater than, $_____________ during such period as set forth in table below: Period Minimum Net Income ------ -------------------- Three PERIOD MINIMUM NET INCOME The twelve months ended March 31, 2001 $444,000 Six months ended ending June 30, 2001 ($1,089,000 Nine 1,400,000) The three months ended ending September 30, 2001 ($1,890,000 Twelve 1,800,000) The six months ended ending December 31, 2001 ($2,999,0001,685,000) The nine months ending March 31, 2002 $1,600,000 The twelve months ending June 30, 2002 $3,200,000
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