Common use of Minimum Net Income Clause in Contracts

Minimum Net Income. The Borrower will achieve during each period described below, its Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): Period Minimum Net Income ------ ------------------ August 31, 2002 <$1,010,000> September 30, 2002 <$1,085,000> October 31, 2002 <$1,085,000> November 30, 2002 <$1,135,000> December 31, 2002 <$1,135,000>

Appears in 1 contract

Sources: Credit and Security Agreement (Metretek Technologies Inc)

Minimum Net Income. The Borrower will achieve during each period described below, its Net Income, Income of not less than than, or a Net Loss not greater than, the amount set forth opposite such period (numbers number appearing between "< >()" are negative): Period Minimum Net Income ------ ------------------ August 31PERIOD MINIMUM NET INCOME The twelve months ending June 30, 2002 <2001 $1,010,000> (1,000,000) The three months ending September 30, 2002 <2001 $1,085,000> October 31, 2002 <$1,085,000> November 30, 2002 <$1,135,000> (1,350,000) The six months ending December 31, 2002 <2001 $1,135,000>(925,000)

Appears in 1 contract

Sources: Credit and Security Agreement (Vari L Co Inc)

Minimum Net Income. The Borrower will achieve during as of each period described date listed below, its Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): Period Minimum Net Income ------ ------------------ August 31, 2002 <$1,010,000> September 30, 2002 <$1,085,000> date: DATE MINIMUM NET INCOME October 31, 2002 <1997 < $1,085,0005,165,000 > November 30, 2002 <1997 < $1,135,0005,460,000 > December 31, 2002 <1997 < $1,135,0005,300,000 >

Appears in 1 contract

Sources: Credit and Security Agreement (Medical Graphics Corp /Mn/)

Minimum Net Income. The Borrower will achieve maintain during each period described below, its Minimum Net IncomeIncome determined as at the end of each calendar quarter measured on a year-to-date basis, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): Period period: Quarter Ending Minimum Net Income ------ -------------- ------------------ August 31, 2002 <3/31/2000 ($1,010,000> September 30, 2002 <675,000) 6/30/2000 ($1,085,000> October 31, 2002 <900,000) 9/30/2000 ($1,085,000> November 30, 2002 <925,000) 12/31/2000 ($1,135,000> December 31, 2002 <$1,135,000>950,000)

Appears in 1 contract

Sources: Credit and Security Agreement (Naturade Inc)

Minimum Net Income. The Borrower will achieve during each period described below, its Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): period: Period Minimum Net Income ------ ------------------ August 31, 2002 <$1,010,000> Nine months ending September 30, 2002 <2003 $1,085,000> October 31, 2002 <$1,085,000> November 30, 2002 <$1,135,000> 400,000 Twelve months ending December 31, 2002 <2003 $1,135,000>600,000

Appears in 1 contract

Sources: Credit and Security Agreement (Metretek Technologies Inc)

Minimum Net Income. The Borrower will achieve during each period described below, its as of the dates set forth below Net Income, determined on a year-to-date basis, of an amount not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): Period Minimum Net Income ------ date: YEAR-TO-DATE PERIOD ENDING MINIMUM NET INCOME -------------------------- ------------------ August July 31, 2002 <1999 ($1,010,000> 400,000) September 30, 2002 <1999 $1,085,000> October 31, 2002 <$1,085,000> November 30, 2002 <$1,135,000> 0 December 31, 2002 <1999 $1,135,000>250,000

Appears in 1 contract

Sources: Credit and Security Agreement (Educational Insights Inc)

Minimum Net Income. The Borrower will achieve during each period described below, its as of the dates set forth below Net Income, determined on a year-to-date basis, of an amount not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): date: Year-to-date Period Ending Minimum Net Income ------ -------------------------- ------------------ August July 31, 2002 <1999 ($1,010,000> 400,000) September 30, 2002 <1999 $1,085,000> October 31, 2002 <$1,085,000> November 30, 2002 <$1,135,000> 0 December 31, 2002 <1999 $1,135,000>250,000

Appears in 1 contract

Sources: Credit and Security Agreement (Educational Insights Inc)

Minimum Net Income. The Borrower will achieve during each period described below, its consolidated minimum Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): Period Minimum Net Income ------ PERIOD MINIMUM NET INCOME ------------------------------------------ ------------------ August 31The three months ending March 28, 2002 <2004 $ 10,000 The six months ending June 27, 2004 $ 175,000 The nine months ending September 26, 2004 $ 495,000 The twelve months ending December 26, 2004 $1,010,000> September 30, 2002 <$1,085,000> October 31, 2002 <$1,085,000> November 30, 2002 <$1,135,000> December 31, 2002 <$1,135,000>1,000,000

Appears in 1 contract

Sources: Credit and Security Agreement (Cost U Less Inc)