Profitability. Borrower will be profitable each quarter, except that Borrower may suffer losses, provided such losses do not exceed $600,000 for the quarter ended June 30, 1998; $350,000 for the quarter ending September 30, 1998.
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Samples: Loan and Security Agreement (Inventa Technologies Inc)
Profitability. Borrower will be profitable achieve a minimum profitability of $1 each quarter, except that Borrower may suffer losses, provided such losses do not to exceed $600,000 2,500,000 for the quarter ended June 30December 31, 1998; $350,000 3,000,000 for the quarter ending March 31, 1999; $2,750,000 for the quarter ending June 30, 1999; $2,800,000 for the quarter ending September 30, 19981999; and $1,000,000 for the quarter ending December 31, 1999.
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Profitability. Borrower will be profitable each quarter, except that Borrower may suffer losses, provided such losses do not exceed $600,000 for the quarter ended June 30, 1998; $350,000 1,300,000 for the quarter ending September 30, 1998, $900,000 for the quarter ending December 31, 1998 and $500,000 for the quarter ending March 31, 1999.
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Profitability. Borrower will be profitable each quarter, except that Borrower may suffer losses, provided such losses do Maximum Losses not exceed to exceed: $600,000 1,200,000 for the quarter ended ending December 31, 1997; $1,000,000 for the quarter ending March 31, 1998; and $800,000 for the quarter ending June 30, 1998 (provided that Borrower's closes its pending equity round prior to June 30, 1998; $350,000 for the quarter ending September 30, 1998).
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Profitability. Borrower will be profitable each quarter, except that Borrower may suffer losses, provided such losses do not to exceed $600,000 500,000 for the quarter ended June 30, 1998three (3) months ending 3/31/98; and $350,000 200,000 for the quarter three (3) months ending September 30, 19986/30/98.
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Profitability. Borrower will be profitable each quarter, except that Borrower may suffer losses, provided such losses do a loss not to exceed $600,000 150,000 for the quarter ended March 31, 1998, $150,000 for the quarter ending June 30, 1998; , and $350,000 50,000 for the quarter ending September 30, 1998.
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Profitability. Borrower will be profitable each quarter, except that Borrower may suffer losses, provided such losses do Maximum Losses not exceed to exceed: $600,000 2,100,000 for the quarter ended June 30, 1998; $350,000 2,000,000 for the quarter ended September 30, 1998; $1,800,000 for the quarter ending September December 31, 1998; and $1,000,000 for the quarter ending March 31, 1999. Borrower shall achieve a minimum quarterly profits of $1 beginning with the quarter ending June 30, 19981999 and each quarter ending thereafter.
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Profitability. Borrower will be profitable each quarter, except that Borrower may suffer losses, provided such losses do not to exceed $600,000 500,000 for the fiscal quarter ended June 30ending December 31, 1998; $350,000 400,000 for the fiscal quarter ending September March 31, 1999; and $250,000 for the fiscal quarter ending June 30, 19981999.
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Samples: Loan and Security Agreement (Optika Imaging Systems Inc)
Profitability. Borrower will shall be profitable each quarter(after taxes) on a quarterly basis with an allowance for losses (subject to an infusion of capital of not less than $600,000.00 no later than December 31, except that Borrower may suffer losses1996), provided such losses do not exceed $600,000 for the quarter ended June 30, 1998; $350,000 120,000.00 for the quarter ending September 30December 31, 19981996 and $90,000.00 for the quarter ending March 31, 1997.
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Profitability. Borrower will be profitable have a minimum net profit of $1.00 for each quarter, except that Borrower may suffer losses, provided such losses do a loss not to exceed $600,000 for the quarter ended June 30, 1998; $350,000 2,900,000 for the quarter ending September October 31, 1999, $2,900,000 for the quarter ending January 31, 2000, $2,900,000 for the quarter ending April 30, 19982000, $2,300,000 for the quarter ending July 31, 2000 and $1,500,000 for the quarter ending October 31, 2000.
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Samples: Loan and Security Agreement (Crossroads Systems Inc)
Profitability. Borrower will be profitable each quarteron a quarterly basis, except that Borrower may suffer losses, provided such losses do not exceed have a maximum loss of $600,000 2,300,000 for the quarter ended ending June 30, 19981999; $350,000 2,325,000 for the quarter ending September 30, 19981999; $300,000 for the quarter ending December 31, 1999 and profitable for the quarter ending March 31, 2000 and thereafter.
Appears in 1 contract
Samples: Loan and Security Agreement (Inventa Technologies Inc)
Profitability. Borrower will be profitable each quarter, except that Borrower may suffer losses, provided such losses do Maximum Losses not exceed to exceed: $600,000 1,200,000 for the quarter ended ending December 31, 1997; $300,000 for the quarter ending March 31, 1998; and $200,000 for the quarter ending June 30, 1998; $350,000 for the quarter ending September 30, 1998.
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Profitability. Borrower will be profitable each quarter, except that Borrower may suffer losses, provided such incur losses do not exceed to exceed: (i) $600,000 3,800,000 for the quarter ended June 30, 1998; $350,000 for the fiscal quarter ending September 30, 1997; (ii) $2,600,000 for the fiscal quarter ending December 31, 1997; (iii) $1,500,000 for the fiscal quarter ending March 31, 1998; and (iv) $300,000 for the fiscal quarter ending June 30, 1998.
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