Minimum Quarterly Net Income. Borrowers shall have Net Income of at least (a) negative $350,000.00 for the three month period ending September, 2007; (b) $0 as of March 31, 2008 and as of the end of the first three (3) fiscal quarters of Borrowers thereafter measured on a year-to-date basis.”
Minimum Quarterly Net Income. Section 8.2 of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Minimum Quarterly Net Income. The Borrower will achieve as of the end of each fiscal quarter, a minimum Net Income of not less than $0 for such quarter; provided however that for the first fiscal quarter ending March 31st of each fiscal year, the Borrower shall be permitted to incur a net loss, i.e. negative Net Income, up to but not in excess of ($175,000).
Minimum Quarterly Net Income. Quarterly Net Income for each fiscal quarter period of the Borrower ending during the periods set forth below shall not be less than the amounts set forth below: Period Amount March 31, 2002 $ (1,500,000 ) June 30, 2002 $ 1,000,000 September 30, 2002 $ 1,400,000 December 31, 2002 and each fiscal quarter end thereafter $ 1,500,000
Minimum Quarterly Net Income. Borrower shall maintain Net Income of at least: (i) ($1,500,000.00) as of the last day of the quarter ending June 30, 2007, (ii) $1.00 as of the last day of the quarter ending September 30, 2007, and (iii) $250,000.00 as of the last day of the quarter ending December 31, 2007, and as of the last day of each quarter thereafter.
Minimum Quarterly Net Income. Pursuant to Section 6.20 of the Credit Agreement, the Borrower's quarterly net income for the fiscal quarter ending on the Reporting Date, was $________, which o satisfies o does not satisfy the requirement that such amount be not less than $0 for such fiscal quarter (or up to a maximum net loss of ($150,000) for the first fiscal quarter ending March 31st).
Minimum Quarterly Net Income. The financial covenants set forth in Sections 5.2(a) - (e) shall not apply during the Forbearance Period. Instead, Borrowers shall achieve, for each period described below, Net Income of not less than the amount set forth for each such period (numbers appearing between "< >" are negative): Quarter Ending Minimum Net Income June 30. 2009 <$6,000,000.00> September 30. 2009 <$4,500,000.00>
Minimum Quarterly Net Income. Borrower will have Net Income of at least $250,000 at the end of each fiscal quarter, commencing June 30, 2013 and continuing at the end of each fiscal quarter thereafter.
Minimum Quarterly Net Income. Net Income: Required Net Income under Section 4.9(c) is at least: $250,000 Exhibit C Form of Borrowing Base Certificate BORROWING BASE CERTIFICATE Company: Datalink, Inc. Total 0-30 31-60 61-90 Over 90 $ $ $ $ $ 100 % % % % % Report Date: Accounts Receivable Report Date: Total Accounts Receivable $ Check: Total AR $ Main AR $ Ineligible AR
Minimum Quarterly Net Income. The Company shall earn Consolidated Net ---------------------------- Income of at least $1.00 in every fiscal quarter, plus at least $1,000,000 in each fiscal year.
