Common use of Profitability Clause in Contracts

Profitability. Borrower will maintain a net profit, after provision for income taxes, of any positive amount for any two consecutive fiscal quarters, as reported at the end of each such fiscal quarter, and maintain a net profit, after provision for income taxes for its fiscal year end.

Appears in 2 contracts

Samples: Loan Agreement (Ilc Technology Inc), Loan Agreement (Ilc Technology Inc)

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Profitability. Borrower will maintain a net profit, after provision for income taxes, of any positive amount for any two consecutive fiscal quarterstwelve month period, as reported at the end of each such fiscal quarter, and maintain a net profit, after provision for income taxes for its fiscal year end.

Appears in 2 contracts

Samples: Logo] Loan Agreement (Gasonics International Corp), Logo] Loan Agreement (Gasonics International Corp)

Profitability. Borrower will maintain a net profit, after before provision for income taxes, of any a positive amount for any two consecutive fiscal quarters, as reported at the end of each such fiscal quarter, and maintain a net profit, after provision for income taxes for its fiscal year end.

Appears in 1 contract

Samples: Loan Agreement (Viasat Inc)

Profitability. Borrower will maintain a net profit, after provision for income taxes, of any a positive amount for any two consecutive fiscal quarters, as reported at the end of each such fiscal quarter, and maintain a net profit, after provision for income taxes for its fiscal year end.

Appears in 1 contract

Samples: Loan Agreement (Viasat Inc)

Profitability. Borrower will maintain a net profit, after provision for income taxes, of any positive amount for any two consecutive fiscal quarters, as reported at the end of each such fiscal quarter, and Borrower will maintain a its annual net profit, after provision for income taxes for its fiscal year endtaxes, at not less than Ten Percent (10%) of consolidated gross annual revenues.

Appears in 1 contract

Samples: Loan Agreement (Safeskin Corp)

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Profitability. Borrower will maintain a net profit, after provision for income taxes, of any positive amount for any two consecutive fiscal quartersamount, as reported at the end of each such fiscal quarter, and maintain a net profit, after provision for income taxes for its fiscal year end.

Appears in 1 contract

Samples: Loan Agreement (Clontech Laboratories Inc)

Profitability. Borrower will maintain a net profit, after provision for income taxes, of any positive amount for any two consecutive three fiscal quarters, as reported at the end of each such fiscal quarter, quarter and maintain a net profit, after provision for income taxes for as reported at its fiscal year end.

Appears in 1 contract

Samples: Logo] Loan Agreement (Printrak International Inc)

Profitability. Borrower Borrowers will maintain a net profit, after provision for income taxes, of any positive amount for any two consecutive fiscal quarterstwelve month period, as reported at the end of each such fiscal quarter, quarter and maintain a net profit, after provision for income taxes for its each fiscal year end.

Appears in 1 contract

Samples: Loan Agreement (Track N Trail Inc)

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