Common use of Profitable Operations Clause in Contracts

Profitable Operations. The Borrowers will not permit, as at the end of any fiscal quarter, the cumulative Consolidated Adjusted Net Income for the period of two consecutive fiscal quarters then ended to be less than $0.

Appears in 2 contracts

Sources: Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc), Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc)