Common use of Profitable Operations Clause in Contracts

Profitable Operations. The Borrower will not, as of the end of any --------------------- fiscal quarter ending during any period described in the table set forth below, permit Adjusted EBITDA at the end of such quarter to be less than the amount set forth opposite such period in such table: ---------------------------------------------------------------------- Period Amount ---------------------------------------------------------------------- ---------------------------------------------------------------------- September 30, 2000 $4,100,000 ---------------------------------------------------------------------- December 31, 2000 $1,700,000 ---------------------------------------------------------------------- March 31, 2001 $2,800,000 ---------------------------------------------------------------------- June 30, 2001 $4,500,000 ---------------------------------------------------------------------- September 30, 2001 $5,700,000 ---------------------------------------------------------------------- December 31, 2001 $2,700,000 ---------------------------------------------------------------------- March 31, 2002 $3,800,000 ---------------------------------------------------------------------- June 30, 2002 $5,200,000 ---------------------------------------------------------------------- At any time thereafter $6,300,000 ---------------------------------------------------------------------- ----------------------------------------------------------------------

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Mapics Inc)

Profitable Operations. The Borrower will not, as of the end of any --------------------- fiscal quarter ending during any period described in the table set forth below, permit Adjusted EBITDA at the end of such quarter to be less than the amount set forth opposite such period in such table: ---------------------------------------------------------------------- ----------------------------------------------------------------------- Period Amount ---------------------------------------------------------------------- ---------------------------------------------------------------------- ----------------------------------------------------------------------- ----------------------------------------------------------------------- March 31, 2000 $ 3,200,000 ----------------------------------------------------------------------- June 30, 2000 $ 3,500,000 ----------------------------------------------------------------------- September 30, 2000 $4,100,000 ---------------------------------------------------------------------- 14,000,000 ----------------------------------------------------------------------- December 31, 2000 $1,700,000 ---------------------------------------------------------------------- 10,500,000 ----------------------------------------------------------------------- March 31, 2001 $2,800,000 ---------------------------------------------------------------------- 10,000,000 ----------------------------------------------------------------------- June 30, 2001 $4,500,000 ---------------------------------------------------------------------- September 30, 2001 $5,700,000 ---------------------------------------------------------------------- December 31, 2001 $2,700,000 ---------------------------------------------------------------------- March 31, 2002 $3,800,000 ---------------------------------------------------------------------- June 30, 2002 $5,200,000 ---------------------------------------------------------------------- At any 11,500,000 ----------------------------------------------------------------------- Any time thereafter $6,300,000 ---------------------------------------------------------------------- ----------------------------------------------------------------------12,000,000 ----------------------------------------------------------------------- -----------------------------------------------------------------------

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Mapics Inc)

Profitable Operations. The Borrower will not, as of the end of any --------------------- fiscal quarter ending during any period described in the table set forth below, permit Adjusted EBITDA at the end of such quarter to be less than the amount set forth opposite such period in such table: ---------------------------------------------------------------------- --------------------------------------------------------------------------- Period Amount ---------------------------------------------------------------------- ---------------------------------------------------------------------- --------------------------------------------------------------------------- --------------------------------------------------------------------------- March 31, 2000 $ 3,200,000 --------------------------------------------------------------------------- June 30, 2000 $ 6,800,000 --------------------------------------------------------------------------- September 30, 2000 $4,100,000 ---------------------------------------------------------------------- 14,000,000 --------------------------------------------------------------------------- December 31, 2000 $1,700,000 ---------------------------------------------------------------------- 10,500,000 --------------------------------------------------------------------------- March 31, 2001 $2,800,000 ---------------------------------------------------------------------- 10,000,000 --------------------------------------------------------------------------- June 30, 2001 $4,500,000 ---------------------------------------------------------------------- September 30, 2001 $5,700,000 ---------------------------------------------------------------------- December 31, 2001 $2,700,000 ---------------------------------------------------------------------- March 31, 2002 $3,800,000 ---------------------------------------------------------------------- June 30, 2002 $5,200,000 ---------------------------------------------------------------------- At any 11,500,000 --------------------------------------------------------------------------- Any time thereafter $6,300,000 ---------------------------------------------------------------------- ----------------------------------------------------------------------12,000,000 --------------------------------------------------------------------------- ---------------------------------------------------------------------------

Appears in 1 contract

Sources: Revolving Credit and Term Loan Agreement (Mapics Inc)