Common use of Minimum Net Income Clause in Contracts

Minimum Net Income. Pursuant to Section 6.12 of the Credit Agreement, as of the Reporting Date the Borrower’s Net Income was $____________ which o satisfies o does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as set forth in table below: Period Minimum Net Income Three months ending March 31, 2006 ($600,000) Six months ending June 30, 2006 ($935,759) Nine months ending September 30, 2006 $350,000 Twelve months ending December 31, 2006 $1,000,000

Appears in 1 contract

Samples: Credit and Security Agreement (San Holdings Inc)

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Minimum Net Income. Pursuant to Section 6.12 6.14 of the Credit Agreement, as of the Borrower's Net Income during the Accounting Period ending on the Reporting Date the Borrower’s Net Income was $____________ , which o [ ] satisfies o [ ] does not satisfy the requirement that such amount be not less than (a) $_____________ on the Reporting Date as set forth in table below: Period Minimum Net Income Three months ending March 31, 2006 (500,000) during August through June of each year and (b) $(600,000) Six months ending June 30, 2006 ($935,759) Nine months ending September 30, 2006 $350,000 Twelve months ending December 31, 2006 $1,000,000during July of each year.

Appears in 1 contract

Samples: Credit and Security Agreement (Sportsmans Guide Inc)

Minimum Net Income. Pursuant to Section 6.12 of the Credit Agreement, as of the Reporting Date the Borrower’s 's Net Income was $____________ which o satisfies o does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as set forth in table below: Period Minimum Net Income Three months ending March 31, 2006 2005 ($600,000300,000) Six months ending June 30, 2006 2005 ($935,759250,000) Nine months ending September 30, 2006 2005 $350,000 0 Twelve months ending December 31, 2006 2005 $1,000,000300,000

Appears in 1 contract

Samples: Deposit Account Control Agreement (San Holdings Inc)

Minimum Net Income. Pursuant to Section 6.12 of the Credit Agreement, as of the Reporting Date the Borrower’s Net Income was $____________ which o satisfies o does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as set forth in table below: Period Minimum Net Income Three months ending March 31, 2006 2007 ($600,0001,840,000 ) Six months ending June 30, 2006 2007 ($935,759506,000 ) Nine months ending September 30, 2006 2007 $350,000 927,000 Twelve months ending December 31, 2006 2007 $1,000,000400,000

Appears in 1 contract

Samples: Credit and Security Agreement (San Holdings Inc)

Minimum Net Income. Pursuant to Section 6.12 6.13 of the Credit ------------------ Agreement, as of the Borrower's Net Income for the period ending on the Reporting Date the Borrower’s Net Income was $____________ _, which o [ ] satisfies o [ ] does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date during such period as set forth in table below: Period Minimum Net Income ------ -------------------- Three months ending ended March 31, 2006 (2001 $600,000) 444,000 Six months ending ended June 30, 2006 (2001 $935,759) 1,089,000 Nine months ending ended September 30, 2006 2001 $350,000 1,890,000 Twelve months ending ended December 31, 2006 2001 $1,000,0002,999,000

Appears in 1 contract

Samples: Credit and Security Agreement (Act Teleconferencing Inc)

Minimum Net Income. Pursuant to Section 6.12 6.2(c) of the Credit Agreement, as of the Reporting Date the Borrower’s Net Income for the ¨ three ¨ six month period ending on the Reporting Date was $____________ $ , which o ¨ satisfies o ¨ does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as set forth in table below: Period Minimum Net Income Three months ending March 31, 2006 ($600,000) Six months ending June 30, 2006 ($935,759) Nine months ending September 30, 2006 $350,000 Twelve months ending December 31, 2006 $1,000,000500,000 for such period.

Appears in 1 contract

Samples: Credit and Security Agreement and Waiver of Defaults (Corsair Components, Inc.)

Minimum Net Income. Pursuant to Section 6.12 of the Credit Agreement, as of the Reporting Date the Borrower’s Net Income was $____________ which o [ ] satisfies o [ ] does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as set forth in table below: Period Minimum Net Income Three months ending March 31, 2006 2003 ($600,000325,000 ) Six months ending June 30, 2006 2003 ($935,759215,000 ) Nine months ending September Sept. 30, 2006 $350,000 2003 ($ 40,000 ) Twelve months ending December Dec. 31, 2006 $1,000,0002003 $ 250,000

Appears in 1 contract

Samples: Credit and Security Agreement and Waiver of Defaults (San Holdings Inc)

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Minimum Net Income. Pursuant to Section 6.12 6.15 of the Credit Agreement, the Borrower's fiscal year-to-date Net Income as of the Reporting Date the Borrower’s Net Income was $____________ $ , which o [ ] satisfies o [ ] does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date $ during such period as set forth in table below: Period Date Minimum Fiscal Year-To- ---- ----------------------- Date Net Income Three months ending March 31, 2006 --------------- 3/31/2000 $(300,000) 6/30/2000 $600,000(300,000) Six months ending June 30, 2006 9/30/2000 $($935,759300,000) Nine months ending September 30, 2006 $350,000 Twelve months ending December 31, 2006 12/31/2000 $1,000,000

Appears in 1 contract

Samples: Credit and Security Agreement (Sportsmans Guide Inc)

Minimum Net Income. Pursuant to Section 6.12 6.2(b) of the Credit Agreement, as of the Reporting Date Date, the Borrower’s fiscal year-to-date Net Income was $____________ which o [ ]satisfies o [ ] does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as set forth in the table below: Period below (numbers appearing in parentheses are negative): Date Minimum Net Income Three months ending March 31, 2006 ($600,000) Six months ending June 30, 2006 ($935,759) Nine months ending September 30, 2006 2005 ($350,000 Twelve months ending 5,748,000) December 31, 2006 2005 ($1,000,0005,946,000)

Appears in 1 contract

Samples: Credit and Security Agreement (Exabyte Corp /De/)

Minimum Net Income. Pursuant to Section 6.12 of the Credit Agreement, as of the Reporting Date the Borrower’s Net Income was $____________ which o satisfies o does not satisfy the requirement that such amount be not less than $_____________ on the Reporting Date as set forth in table below: Period Minimum Net Income Twelve months ending Dec. 31, 2001 ($6,254,000) Three months ending March 31, 2006 2002 ($600,000866,000) Six months ending June 30, 2006 2002 ($935,7591,251,000) Nine months ending September Sept. 30, 2006 2002 ($350,000 1,991,000) Twelve months ending December Dec. 31, 2006 2002 ($1,000,0001,010,000)

Appears in 1 contract

Samples: Credit and Security Agreement and Waiver of Defaults (San Holdings Inc)

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