Profitable Operations. Borrower will not permit Consolidated Net Income (a) for any fiscal year, commencing with the fiscal year ending December 31, 2002, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting period) to be less than $1.00.
Profitable Operations. The Borrowers will not permit Consolidated Net Income to be less than $1.00 for any fiscal quarter.
Profitable Operations. 60 10.3. Capital Expenditures................................................................60 10.4.
Profitable Operations. 66 --------------------- 11.4. Quick Ratio. ................................................... 66 ----------- 11.5. Operating Leases. .............................................. 66 ---------------- 12. CLOSING CONDITIONS. .................................................... 66 ------------------ 12.1. Loan Documents etc. ............................................ 66 ------------------ 12.1.1. Loan Documents. ........................................ 67 -------------- 12.1.2.
Profitable Operations. Section 7.1(cc)(v) is hereby deleted in its entirety and in its place instead is substituted the following:
Profitable Operations. 55 11.4. Quick Ratio. .......................................................................55 11.5. Leases. ............................................................................55 12.
Profitable Operations. The Company will not permit either Consolidated Net Income or Consolidated Recurring Operating Income for any fiscal quarter to be less than $1.00.
Profitable Operations. The Borrower will not permit Consolidated Net Operating Income for (a) the end of the fourth fiscal quarter of 1998 to be less than ($155,000,000); (b) the end of the first fiscal quarter of 1999 to be less than ($95,000,000); (c) the end of the second fiscal quarter of 1999 to be less than ($65,000,000); (d) the end of the third fiscal quarter of 1999 to be less than ($5,000,000); and
Profitable Operations. The Borrower will not, as of the end of any --------------------- fiscal quarter ending during any period described in the table set forth below, permit Adjusted EBITDA at the end of such quarter to be less than the amount set forth opposite such period in such table: --------------------------------------------------------------------------- Period Amount --------------------------------------------------------------------------- --------------------------------------------------------------------------- March 31, 2000 $ 3,200,000 --------------------------------------------------------------------------- June 30, 2000 $ 6,800,000 --------------------------------------------------------------------------- September 30, 2000 $14,000,000 --------------------------------------------------------------------------- December 31, 2000 $10,500,000 --------------------------------------------------------------------------- March 31, 2001 $10,000,000 --------------------------------------------------------------------------- June 30, 2001 $11,500,000 --------------------------------------------------------------------------- Any time thereafter $12,000,000 --------------------------------------------------------------------------- ---------------------------------------------------------------------------
Profitable Operations. The Borrowers will not permit, as at the end of any fiscal quarter, the cumulative Consolidated Adjusted Net Income for the period of two consecutive fiscal quarters then ended to be less than $0.
