Common use of Maximum Losses Clause in Contracts

Maximum Losses. Not suffer any net loss plus non-cash expenses (except for depreciation and amortization) as indicated in Borrower’s financial statements prepared in accordance with GAAP in excess of (i) $11,500,000 for the quarter ending December 31, 2005, (ii) $10,500,000 for the quarter ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇▇) $8,500,000 for the quarter ending June 30, 2006, (iv) $7,000,000 for the quarter ending September 30, 2006 and (v) $5,000,000 for each quarter ending thereafter.

Appears in 1 contract

Sources: Loan and Security Agreement (Ista Pharmaceuticals Inc)

Maximum Losses. Not suffer any net loss plus non-cash expenses (except for depreciation and amortization) as indicated in Borrower’s financial statements prepared in accordance with GAAP in excess of (i) $11,500,000 14,000,000 for the quarter ending September 30, 2006, (ii) $9,500,000 for the quarter ending December 31, 2005, (ii) $10,500,000 for the quarter ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇▇▇) $8,500,000 for the quarter ending June 30, 2006, (iv) $7,000,000 for the quarter ending September 30, 2006 and (viii) $5,000,000 for each quarter ending thereafter.

Appears in 1 contract

Sources: Loan Modification Agreement (Ista Pharmaceuticals Inc)