Midway Airlines Sample Clauses

Midway Airlines. Net Income Thresholds for Reduction in Amount of Letter of Credit Pursuant to Section 11.1(a) US$ millions Year 1997 1998 1999 2000 2001 Net Income(2) 12.0 18.0 25.2 32.8 41.0 Net Income(1) 8.0 12.0 16.8 21.8 27.3 Year 2002 2003 2004 2005 2006 Net Income(2) 49.1 57.7 67.8 67.8 67.8 Net Income(1) 32.8 38.5 45.2 45.2 45.2 Year 2007 2008 2009 2010 2011 Net Income(2) 67.8 67.8 67.8 67.8 67.8 Net Income(1) 45.2 45.2 45.2 45.2 45.2 Year 2012 2013 2014 Net Income(2) 67.8 67.8 67.8 Net Income(1) 45.2 45.2 45.2 Amount of Letter of Credit $800,000 If actual Net Income is less than or equal to Net Income(1) $400,000 If actual Net Income is greater than Net Income(1) but less than or equal to Net Income(2) 0 If actual Net Income is greater than Net Income(2) Schedule 16.10
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