Common use of Profitable Operations Clause in Contracts

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. Borrower will not permit Consolidated Net Income (a) for any fiscal year, commencing with the fiscal year ending December 31, 20022005, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting periodreviewed on an individual rather than on an aggregate basis) to be less than $1.00.

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 periodreviewed on an individual rather than on an aggregate basis) to be less than $1.00."

Profitable Operations. The Borrower will not permit Consolidated Net Income (a) for any fiscal year, commencing with the fiscal year ending December 31, 20022003, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting periodreviewed on an individual rather than on an aggregate basis) to be less than $1.00.

Profitable Operations. Borrower will not permit Consolidated Net Income (a) for any fiscal year, commencing with the fiscal year ending December 311, 2002, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting periodreviewed on an individual rather than on an aggregate basis) to be less than $1.00."

Profitable Operations. Borrower will not permit Consolidated Net Income (ai) for any fiscal year, commencing with the fiscal year ending December 31, 2002, to be less than $1.00 and (bii) for any two consecutive fiscal quarters (treated as a single accounting periodperiod ) to be less than $1.00.

Profitable Operations. Borrower will not permit Consolidated Net Income (a) for any fiscal year, commencing with the fiscal year ending December 31, 20022004, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting periodreviewed on an individual rather than on an aggregate basis) to be less than $1.00.

Profitable Operations. Subject to the provisions of the November Letter Agreement, 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 periodreviewed on an individual rather than on an aggregate basis) to be less than $1.00.

Profitable Operations. The 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. Borrower will not permit Consolidated Net Income consolidated net income (a) for any fiscal year, commencing with the fiscal year ending December 31, 20022005, to be less than $1.00 and (b) for any two consecutive fiscal quarters (treated as a single accounting periodreviewed on an individual rather than on an aggregate basis) to be less than $1.00.

Profitable Operations. Borrower will not permit Consolidated Net Income (aA) for any fiscal year, commencing with the fiscal year ending December 31, 2002, to be less than $1.00 and (bB) for any two consecutive fiscal quarters (treated as a single accounting periodperiod ) to be less than $1.00.