Consolidated Net Loss. At any time (from and including the Effective Date) when any principal or interest with respect to any Loan or any Obligation with respect to any Letter of Credit shall be unsatisfied in whole or in part, or any Letter of Credit shall not have terminated or expired, or otherwise be outstanding, the Borrower and its Subsidiaries will not incur (and shall not have incurred since the Effective Date) a consolidated net loss (i) in any amount for any three consecutive fiscal quarters, or (ii) for any two consecutive fiscal quarters combined, in an amount greater than 8% of Consolidated Net Worth as of the close of the fiscal quarter prior to the first such quarter in which the consolidated net loss in question was incurred. For purposes of the foregoing sentence, consolidated net losses shall be determined as of the end of a fiscal quarter.
Consolidated Net Loss. Suffer a consolidated net loss (calculated exclusive of extraordinary gains but inclusive of extraordinary losses) for any two consecutive fiscal quarters in any fiscal year of Company.
Consolidated Net Loss. Permit there to be a Consolidated Net Loss (exclusive of non-cash, non-recurring charges, losses, gains or income) of the Company and its Subsidiaries for any two consecutive fiscal quarters or for any fiscal year.
Consolidated Net Loss. Suffer a Consolidated Net Loss in any two (2) fiscal quarters occurring in any period of twelve (12) consecutive months.
Consolidated Net Loss. As of the last day of each month, Consolidated Net Loss for the consecutive six month period then ending shall not equal or exceed 5% of Consolidated Tangible Net Worth (measured as of the first day of such six month period).
Consolidated Net Loss. The Borrower and its Subsidiaries will not incur a consolidated net loss for any fiscal quarter, except that the Borrower and its Subsidiaries may incur a consolidated net loss in one fiscal quarter per each fiscal year as follows: (a) if such consolidated net loss occurs during the first fiscal quarter of any such year, such loss shall not exceed ($1,600,000) or if such consolidated net loss occurs during any fiscal quarter other than the first fiscal quarter, such loss shall not exceed ($2,000,000); (b) the Borrower and its Subsidiaries will not incur a consolidated net loss for the first six months of such fiscal year, (c) the Borrower and its Subsidiaries shall earn a consolidated net profit of $447,000 for the first nine months of such fiscal year, and (d) the Borrower and its Subsidiaries shall earn a consolidated net profit of $4,078,000 in such fiscal year.
Consolidated Net Loss. The Company shall not have a Consolidated Net Loss for any two consecutive fiscal quarters, commencing with the two fiscal quarters ending June 30, 1996."
Consolidated Net Loss. The Borrower will not permit the Consolidated Net Loss to be greater than $1,500,000 for the fiscal quarter ending March 1, 2002.
Consolidated Net Loss. Permit the Consolidated Net Income of the Company and its Subsidiaries (excluding extraordinary gains) for any fiscal quarter, plus the income taxes to any government or governmental instrumentality expensed on the Company's or any of its Subsidiary's books (whether paid or accrued) for such period, to be less than $250,000 for the fiscal quarter ended June 30, 2004 or $1,000,000 for any fiscal quarter thereafter.
Consolidated Net Loss. Consolidated Net Loss of the Company and its Subsidiaries, as reported in its most recent annual reports furnished pursuant to Section 7.5.1 or referred to in Section 8.2.1, shall not exceed (a) $150,000,000 for any fiscal year and (b) $250,000,000 on a cumulative basis for any two consecutive fiscal years. The Company and its Subsidiaries shall not in any event incur a Consolidated Net Loss for any three consecutive fiscal years.
