to 1. The Borrower shall not permit the Borrower's cumulative EBITDA to be less than the amounts described in the following table for the indicated periods: PERIOD MINIMUM EBITDA 12/31/98 - 9/30/99 $250,000 12/31/98 - 12/31/99 $350,000 12/31/99 - 3/31/00 $150,000
to 1. 6.2. (former), renumber as paragraphs 1.5. to 1.7.2.
to 1. 0 At the end of the fourth quarter of Borrower's 1997 fiscal year and at the end of each fiscal quarter thereafter.
to 1. 00 In Compliance for the Fiscal Month ended ______________ ? Yes ______ No____ Credit Agreement
to 1. During fiscal year 2000 1.35 to 1 Each fiscal quarter thereafter 1.40 to 1
to 1. 0 At the end of the first quarter of Borrower's 1998 fiscal year and at the end of each fiscal quarter thereafter.
to 1. EBITDA Borrower not incur EBITDA in an amount the reflects a cumulative loss greater than (A) $1,250,000 for the three month period ending June 30, 2003, (B) $1,500,000 for the six month period ending September 30, 2003, (C) $1,750,000 for the nine month period ending December 31, 2003 and (D) such amounts for succeeding periods as are established by Bank in its good faith business judgment based on the Additional Projections (and with a breach of this financial covenant addressed in Section 7.4 of this Schedule).
to 1. The Borrower shall not permit the ratio of the Borrower's Current Assets to Current Liabilities to be less than 2.0
to 1. The Borrower shall not permit the Borrower's after-tax net income after adding back depreciation and amortization expense in any fiscal year of the Borrower to be less than $1.00.
