Common use of Minimum EBIT Clause in Contracts

Minimum EBIT. On each Computation Date set forth below, the Borrower shall not permit its total cumulative EBIT (calculated for the period of time beginning on February 1, 2000 through such Computation Date) to be less than the minimum amount set forth below: MINIMUM COMPUTATION DATE CUMULATIVE EBIT ---------------- --------------- April 30, 2000 ($1,000,000.00) July 31, 2000 ($ 700,000.00) October 31, 2000 Break Even January 31, 2001 $ 500,000.00 Borrower and Lender shall amend this Agreement on or before February 28, 2001, to provide covenant compliance (at minimum levels acceptable to Lender) under Sections 6.4(a) and 6.4(b) above for April 30, 2001 and each Computation Date thereafter."

Minimum EBIT. On each Computation Date date set forth below, the Borrower shall not permit its the total cumulative Cumulative EBIT (calculated for the period of time beginning on February 1, 2000 through such Computation Date) to be less than the minimum amount set forth below: MINIMUM COMPUTATION DATE CUMULATIVE EBIT ---------------- --------------- April 30October 31, 2000 ($1,000,000.00415,000) July 31, 2000 ($ 700,000.00) October 31, 2000 Break Even January 31, 2001 $ 500,000.00 $400,000 Borrower and Lender shall amend this Agreement on or before February 28, 2001, to provide covenant compliance (( at minimum levels acceptable to LenderLender ) under Sections Section 6.4(a) and 6.4(b6.4 (b) above for April 30, 2001 2001, and each Computation Date date thereafter."