Common use of No Net Loss Clause in Contracts

No Net Loss. The Company will not permit its Consolidated Net Income (but calculated before taxes and extraordinary items in accordance with GAAP) for any two or more consecutive fiscal quarters to be less than -$4,000,000 (negative four million Dollars) in the aggregate.

Appears in 2 contracts

Sources: Credit Agreement (Empire Resources Inc /New/), Credit Agreement (Empire Resources Inc /New/)