Common use of Minimum Profitability Clause in Contracts

Minimum Profitability. Borrowers covenant that they will achieve as of the last day of each fiscal quarter an aggregate consolidated net income after tax for such fiscal quarter and the prior three (3) fiscal quarters as follows: (i) in respect of the first fiscal quarter ending June 30, 2004, not less than $750,000, (ii) in respect of the second fiscal quarter ending September 30, 2004, not less than $2, 200,000, (iii) in respect of the third fiscal quarter ending December 31, 2004, not less than $4,000,000 and (iv) in respect of the fiscal quarter ending March 31, 2005 and each fiscal quarter thereafter, not less than $4,000,000.

Minimum Profitability. Borrowers covenant that they will achieve as of the last day of each fiscal quarter an aggregate consolidated net income after tax for such fiscal quarter and the prior three (3) fiscal quarters respective periods set forth below, as follows: follows (i) in respect of the first fiscal quarter ending June 30, 20042005, not less than $750,000, 1,500,000. (ii) in respect of the second two consecutive fiscal quarter quarters ending September 30, 20042005, not less than $2, 200,000, 1,750,000. (iii) in respect of the third three consecutive fiscal quarter quarters ending December 31, 20042005, not less than $4,000,000 5,000,000 and (iv) in respect of the four consecutive fiscal quarter quarters ending (A) March 31, 2005 2006 and (B) the last day of each fiscal quarter thereafter, not less than $4,000,0007,500,000.

Minimum Profitability. Borrowers covenant that they will achieve as of the last day of each fiscal quarter an aggregate consolidated net income after tax for such fiscal quarter and the prior three (3) fiscal quarters respective periods set forth below, as follows: follows (i) in respect of the first fiscal quarter ending June 30, 20042005, not less than $750,000, 1,500,000; (ii) in respect of the second two consecutive fiscal quarter quarters ending September 30, 20042005, not less than $2, 200,000, 1,750,000; (iii) in respect of the third three consecutive fiscal quarter quarters ending December 31, 20042005, not less than $4,000,000 5,000,000; and (iv) in respect of the four consecutive fiscal quarters ending as of the last day of each fiscal quarter ending on and after March 31, 2005 and each fiscal quarter thereafter2006, not less than $4,000,0007,500,000.