Common use of Minimum EBIT Clause in Contracts

Minimum EBIT. Parent and its Subsidiaries on a consolidated ------------ basis shall maintain for each four Fiscal Quarter period, commencing with the four Fiscal Quarter period ending on or about December 31, 1998, EBIT for such period of not less than the amount for such period set forth below: Four Fiscal Quarter Period Ending --------------------------------- on or about: Minimum EBIT ----------- ------------ December 31, 1998 $(17,000,000) March 30, 1999 (13,000,000) June 30, 1999 (13,000,000) September 30, 1999 (6,000,000) December 31, 1999 3,500,000 and thereafter"

Appears in 1 contract

Sources: Loan and Security Agreement (Pharmaceutical Resources Inc)

Minimum EBIT. Parent and its Subsidiaries on a consolidated ------------ basis shall maintain for each four Fiscal Quarter period, commencing with the four Fiscal Quarter period ending on or about December March 31, 19982001, EBIT for such period of not less than the amount for such period set forth below: Four Fiscal Quarter Period Ending --------------------------------- on or about: Minimum EBIT ----------- ------------ December March 31, 1998 2001 $(17,000,000) March 30, 1999 (13,000,000) 2,300,000 June 30, 1999 2001 (13,000,000300,000) September 30, 1999 (6,000,000) 2001 300,000 December 31, 1999 3,500,000 and thereafter"2001 2,400,000

Appears in 1 contract

Sources: Loan and Security Agreement (Pharmaceutical Resources Inc)

Minimum EBIT. Parent and its Subsidiaries on a ------------ consolidated ------------ basis shall maintain for each four Fiscal Quarter period, commencing with the four Fiscal Quarter period ending on or about December 31, 1998, EBIT for such period of not less than the amount for such period set forth below: Four Fiscal Quarter Period Ending --------------------------------- on or about: Minimum EBIT ----------- ------------ December 31, 1998 $(17,000,000) March 30, 1999 (13,000,000) June 30, 1999 (13,000,000) September 30, 1999 (6,000,0008,600,000) December 31, 1999 3,500,000 and thereafter(3,000,000)"

Appears in 1 contract

Sources: Loan and Security Agreement (Pharmaceutical Resources Inc)