Common use of to Compliance Certificate Financial Covenants of Borrower Clause in Contracts

to Compliance Certificate Financial Covenants of Borrower. In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: Tangible Net Worth (Section 6.9(a)) Required: $18,500,000 plus 50% new equity/Subordinated Debt plus 50% quarterly net income Actual:

to Compliance Certificate Financial Covenants of Borrower. In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: Tangible Net Worth (Section 6.9(a)) Required: $18,500,000 7,500,000 plus (i) 50% of the new equity/Subordinated Debt equity and subordinated debt plus (ii) 50% of quarterly net income Net Income Actual:

to Compliance Certificate Financial Covenants of Borrower. In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: Tangible Net Worth (Section 6.9(a)) Required: Negative $18,500,000 17,200,000 plus fifty percent (50% new equity/%) of quarterly Net Income and fifty percent (50%) of issuances of equity after the Effective Date and the principal amount of Subordinated Debt plus 50% quarterly net income Actual:

to Compliance Certificate Financial Covenants of Borrower. In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: Tangible Net Worth (Section 6.9(a)) Required: $18,500,000 plus 50% new equity/Subordinated Debt plus 50% quarterly net income 50,000,000 (applicable only if Borrower has elected to increase the Maximum Dollar Amount to $15,000,000) Actual:

to Compliance Certificate Financial Covenants of Borrower. In the event of a conflict between this Schedule and the Loan Agreement, the terms of the Loan Agreement shall govern. Dated: Tangible Net Worth (Section 6.9(a)) Required: $18,500,000 3,250,000 plus (i) 50% of the new equity/Subordinated Debt equity and subordinated debt plus (ii) 50% of quarterly net income Net Income Actual: