Positive Net Income. Permit Consolidated Positive Net Income, as calculated on a quarterly basis commencing with the Fiscal Quarter of the Borrower ending June 30, 2015 (provided that, for the Fiscal Quarter ending June 30, 2015, Consolidated Positive Net Income shall be calculated without giving effect to the Sxxxxxx Acquisition), to be equal to or less than $0.
Appears in 2 contracts
Samples: First Lien Credit Agreement (Sequential Brands Group, Inc.), Credit Agreement (Sequential Brands Group, Inc.)
Positive Net Income. Permit Consolidated Positive Net Income, as calculated on a quarterly basis basis, commencing with the Fiscal Quarter of the Borrower ending June 30, 2015 (provided that, for the Fiscal Quarter ending June 30, 2015, Consolidated Positive Net Income shall be calculated without giving effect to the Sxxxxxx Acquisition), to be equal to or less than $0.
Appears in 2 contracts
Samples: Second Lien Credit Agreement (Sequential Brands Group, Inc.), Amendment and Restatement Agreement (Sequential Brands Group, Inc.)
Positive Net Income. Permit Consolidated Positive Net Income, as calculated on a quarterly basis commencing with the Fiscal Quarter of the Borrower ending June 30, 2015 (provided that, for the Fiscal Quarter ending June 30, 2015, Consolidated Positive Net Income shall be calculated without giving effect to the Sxxxxxx Acquisition), 2013 to be equal to or less than $0.
Appears in 2 contracts
Samples: Second Lien Term Loan Agreement (Sequential Brands Group, Inc.), License Agreement (Sequential Brands Group, Inc.)
Positive Net Income. Permit Consolidated Positive Net Income, as calculated on a quarterly basis commencing with the Fiscal Quarter of the Borrower ending June 30, 2015 2014 (provided provided, that, for the Fiscal Quarter ending June 30, 20152014, Consolidated Positive Net Income shall be calculated without giving effect to the Sxxxxxx Effective Date Acquisition), ) to be equal to or less than $0.
Appears in 1 contract
Samples: Second Lien Credit Agreement (Sequential Brands Group, Inc.)
Positive Net Income. Permit Consolidated Positive Net Income, as calculated on a quarterly basis commencing with the Fiscal Quarter of the Borrower ending June 30, 2015 2014 (provided that, for the Fiscal Quarter ending June 30, 20152014, Consolidated Positive Net Income shall be calculated without giving effect to the Sxxxxxx Effective Date Acquisition), ) to be equal to or less than $0.
Appears in 1 contract
Samples: First Lien Credit Agreement (Sequential Brands Group, Inc.)
