Common use of Financial Performance Clause in Contracts

Financial Performance. Fail to reflect in any balance sheet, --------------------- statement, report, accounting or analysis provided to the Bank under sections 6.6.1 or 6.6.2 hereof a minimum of $100,000 in profits on a quarterly basis (pre-tax and calculated in accordance with generally accepted accounting methods) or a minimum of $750,000 in profits for each fiscal year (pre-tax and before reduction for any accelerated write-downs of the value of the Collateral, or extraordinary reduction, relating to amortization of existing video cassette inventory, calculated in accordance with generally accepted accounting methods).