Common use of Minimum Net Income Clause in Contracts

Minimum Net Income. The Borrower will achieve, for each period described below, Net Income on a fiscal year to date basis, of not less than the amount set forth for each such period (numbers appearing between “< >” are negative): Period Ending Minimum Net Income March 31, 2007 $(250,000) June 30, 2007 $250,000 September 30, 2007 $400,000 December 31, 2007 $800,000 March 31, 2008 $100,00 June 30, 2008 $300,000 September 30, 2008 $500,000 December 31, 2008 $800,000 March 31, 2009 $100,00 June 30, 2009 $300,000 September 30, 2009 $500,000 December 31, 2009 $800,000

Appears in 1 contract

Sources: Credit and Security Agreement (Qsgi Inc.)

Minimum Net Income. The Borrower will achieve, for achieve during each period described below, consolidated minimum Net Income on a fiscal year to date basisIncome, of not less than the amount set forth for each opposite such period (numbers appearing between “< >” are negative): Period Ending Minimum Net Income March 31Year to date as of June 26, 2007 2005 $ 600,000 Year to date as of September 25, 2005 $(250,000) June 301,000,000 Year to date as of January 1, 2007 2006 $250,000 September 30, 2007 $400,000 December 31, 2007 $800,000 March 31, 2008 $100,00 June 30, 2008 $300,000 September 30, 2008 $500,000 December 31, 2008 $800,000 March 31, 2009 $100,00 June 30, 2009 $300,000 September 30, 2009 $500,000 December 31, 2009 $800,0001,500,000

Appears in 1 contract

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

Minimum Net Income. The Borrower will achieve, for during each period ------------------ described below, Net Income on a fiscal year to date basis, of not less than the amount set forth for each opposite such period (numbers appearing between “< >” are negative): Period Ending date: Date Minimum Net Income ---- ------------------- Three months ending March 31, 2007 $(250,000) 2002 $ 273,000 Six months ending June 30, 2007 $250,000 2002 $ 616,000 Nine months ending September 30, 2007 2002 $400,000 1,115,000 Twelve months ending December 31, 2007 2002 $800,000 March 31, 2008 $100,00 June 30, 2008 $300,000 September 30, 2008 $500,000 December 31, 2008 $800,000 March 31, 2009 $100,00 June 30, 2009 $300,000 September 30, 2009 $500,000 December 31, 2009 $800,0001,658,000"

Appears in 1 contract

Sources: Credit and Security Agreement (Act Teleconferencing Inc)

Minimum Net Income. The Borrower will achievemaintain, for during each period described below, its Net Income on a fiscal year to date basisIncome, determined as at the end of each quarter, at an amount not less than the amount set forth for each opposite such period (numbers appearing between “< >( )” are negative): Period Ending Minimum Net Income March 31, 2007 $(250,000) Six months ending June 30, 2007 2001 ($250,000 September 1,705,000) Nine months ending Sept. 30, 2007 2001 ($400,000 December 1,991,000) Twelve months ending Dec. 31, 2007 2001 ($800,000 March 31, 2008 $100,00 June 30, 2008 $300,000 September 30, 2008 $500,000 December 31, 2008 $800,000 March 31, 2009 $100,00 June 30, 2009 $300,000 September 30, 2009 $500,000 December 31, 2009 $800,0002,139,000)

Appears in 1 contract

Sources: Credit and Security Agreement (San Holdings Inc)

Minimum Net Income. The Borrower Borrowers will achieveachieve as of each date listed below, for each period described belowon a consolidated basis, Net Income on a fiscal year to date basis, of not less than the amount set forth for each opposite such period (numbers appearing between “< >” are negative): Period Ending Minimum Net Income date: March 31, 2007 $(250,000) 2002 $ 400,000 June 30, 2007 $250,000 2002 $ 1,000,000 September 30, 2007 $400,000 2002 $ 1,900,000 December 31, 2007 $800,000 March 31, 2008 $100,00 June 30, 2008 $300,000 September 30, 2008 $500,000 December 31, 2008 $800,000 March 31, 2009 $100,00 June 30, 2009 $300,000 September 30, 2009 $500,000 December 31, 2009 $800,0002002 $ 2,750,000

Appears in 1 contract

Sources: Credit and Security Agreement (Medtox Scientific Inc)

Minimum Net Income. The Borrower will achieve, for each period described belowfrom the first day of the fiscal year containing the following indicated months to the last day of such month, Net Income on a fiscal year to date basis, of not less than the amount set forth for each opposite such period month set forth in the table below (numbers appearing between “< >are negative): Period Ending Minimum Net Income March 31, June 2007 $$ (250,0001,000,000 ) June 30, July 2007 $250,000 $ (1,250,000 ) August 2007 $ (1,500,000 ) September 30, 2007 $400,000 December 31, 2007 $800,000 March 31, 2008 $100,00 June 30, 2008 $300,000 September 30, 2008 $500,000 December 31, 2008 $800,000 March 31, 2009 $100,00 June 30, 2009 $300,000 September 30, 2009 $500,000 December 31, 2009 $800,000$ (1,500,000 )

Appears in 1 contract

Sources: Credit and Security Agreement (Delphax Technologies Inc)

Minimum Net Income. The Borrower will achieve, achieve for each period described below, Net Income on a fiscal year to date basis, of not less than the amount set forth for each such period (numbers appearing between “< >( )” are negative): Period Ending Minimum Net Income March 31, 2007 $(250,000) June 30, 2007 $250,000 September 30, 2007 $400,000 December 31, 2007 $800,000 March 1 through May 31, 2008 $100,00 June 30, 2008 $300,000 September 30, 2008 $500,000 December $ (1,427,000 ) Fiscal Year Ending August 31, 2008 $800,000 March 31, 2009 $100,00 June 30, 2009 $300,000 September 30, 2009 $500,000 December 31, 2009 $800,000$ (2,275,000 )

Appears in 1 contract

Sources: Credit and Security Agreement (Rf Monolithics Inc /De/)