Common use of Minimum Net Income Clause in Contracts

Minimum Net Income. Borrower, together with the other Companies, will achieve (together with the other Companies) during each period described below, consolidated Net Income, of not less than the amount set forth in the table below opposite such period: Fiscal Year to Date Period Ending Minimum Net Income November 2003 $ 650,000 February 2004 $ 1,000,000 May 2004 $ 1,500,000

Appears in 2 contracts

Samples: Credit and Security Agreement (Landec Corp \Ca\), Credit and Security Agreement (Landec Corp \Ca\)

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Minimum Net Income. Borrower, together with the other Companies, will achieve (together with the other Companies) during each period described below, consolidated Net Income, of not less than the amount set forth in the table below opposite such period: Fiscal Year to Date Period Ending Minimum Net Income August 31 of each year $ 750,000 November 2003 30 of each year $ 650,000 1,750,000 February 2004 28 or 29, as applicable, of each year $ 1,000,000 2,150,000 May 2004 31 of each year $ 1,500,0002,900,000

Appears in 2 contracts

Samples: Im Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\)

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Minimum Net Income. Borrower, together with the other Companies, will achieve (together with the other Companies) during each period described below, consolidated Net Income, of not less than the amount set forth in the table below opposite such period: Fiscal Year to Date Period Ending Minimum Net Income August 31, 2005 $ 400,000 November 2003 30, 2005 $ 650,000 1,500,000 Commencing with August 31, 2006, August 31 of each year $ 750,000 Commencing with the November 30, 2006, November 30 of each year $ 1,750,000 February 2004 28 or 29, as applicable, of each year $ 1,000,000 2,150,000 May 2004 31 of each year $ 1,500,0002,900,000 (d) Capital Expenditures. Borrower together with the other Companies will not incur financed or unfinanced Capital Expenditures of more than $6,000,000 in the aggregate during any fiscal year.

Appears in 1 contract

Samples: Credit Agreement (Landec Corp \Ca\)

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