Profitable Operations definition

Profitable Operations means the point in time at which Consolidated Cash Flow for a consecutive six month period equals at least 200% of Consolidated Interest Expense for such six month period, to the extent such status has been demonstrated in a certificate of the General Manager delivered to the Trustee and the Collateral Agent, accompanied by a certificate of the Company's independent accountants confirming such results based on a review conducted by such accountants.
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Profitable Operations means Gaiam and all of the Consolidated Subsidiaries have, in the aggregate, achieved positive net income based on the most recent 10K report filed by Borrower with the Securities and Exchange Commission, or based on such comparable information as may be required by Lender in the event Borrower is not required to file a 10K report.
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Examples of Profitable Operations in a sentence

  • Until the earlier of the third anniversary of the Issue Date and the date upon which the Company achieves Profitable Operations, the Company shall not permit the aggregate amount of the accounts receivable of it and its subsidiaries from non-Credit Qualified Purchasers to exceed U.S.$10 million at any one time outstanding.

  • Gross, Ph.D. Smart Grid Infrastructure & Networking — By Krzysztof (Kris) Iniewski, Ph.D. Smart Process Plants Software and Hardware Solutions for Accurate Data and Profitable Operations SME Manufacturing Engineering Videos — By SME SOA-Based Enterprise Integration: A Step-by-Step Guide to Services-Based Application Integration — By Waseem Roshen Software & Systems Requirements Engineering: In Practice — By Brian Berenbach, Daniel J.

  • Notwithstanding the foregoing, if the Company fails to achieve Profitable Operations prior to December 31, 2001, any remaining amounts in the Offshore Reserve Account must be used by the Company to tender for the Notes and the Debentures at a price equal to 100% of the Accreted Value thereof on the date of purchase (a "Stage III Tender").

  • The Profitable Operations financial covenant set forth in Section 10(f)(v) of the Fourth Amendment to Supplemental Loan is hereby amended to add the following sentences thereto.

  • The Profitable Operations financial covenant set forth in Section 10(f)(v) of the Fourth Amendment to Supplemental Loan is hereby amended and restated as follows: Borrower will not permit Consolidated Net Income to be less than $1.00 for (A) any fiscal year, commencing with the fiscal year ending December 31, 2002, and (B) any two consecutive fiscal quarters (which quarters shall be measured on an individual rather than a cumulative basis).

  • The Profitable Operations financial covenant set forth in Section 10(e) of the Second Amendment to Receivables Loan is hereby amended and restated as follows: Borrower will not permit Consolidated Net Income to be less than $1.00 for (A) any fiscal year, commencing with the fiscal year ending December 31, 2002, and (B) any two consecutive fiscal quarters (which quarters shall be measured on an individual rather than a cumulative basis).

  • The Profitable Operations financial covenant set forth in Section 10(e) of the Second Amendment to Receivables Loan is hereby amended to add the following sentences thereto.

  • By way of clarification, notwithstanding the fact that Section 2.3(c) of Annex A to the Security Sharing Agreement would otherwise allow the Company to do so, the Company agrees that it shall not withdraw funds from the Notes Sinking Fund Account solely as a result of obtaining Profitable Operations, and shall only withdraw funds therefrom if otherwise permitted hereunder and under the terms of the Security Sharing Agreement.

  • Offer to Repurchase Upon Failure to Attain Profitable Operations.................................................

  • At, and measured as of, the end of each Fiscal Year, Profitable Operations.

Related to Profitable Operations

  • Operations means all the activities conducted by PURCHASER under this contract, including project work, logging, or post harvest activities; or the furnishing of all materials, equipment, labor, and incidentals necessary to successfully complete any individual item or the entire contract.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Business operations means engaging in commerce in any form, including by acquiring, developing, maintaining, owning, selling, possessing, leasing, or operating equipment, facilities, personnel, products, services, personal property, real property, or any other apparatus of business or commerce.

  • Drilling operations means the drilling of an oil and gas well and the production and completion operations ensuing from the drilling which require entry upon the surface estate and which were commenced after June 30, 1979, and oil and gas geophysical and seismograph exploration activities commenced after June 30, 1983.