Common use of Minimum Net Income Clause in Contracts

Minimum Net Income. The Borrower will achieve during each period described below, consolidated minimum Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): PERIOD MINIMUM NET INCOME ------------------------------------------ ------------------ The three months ending March 28, 2004 $ 10,000 The six months ending June 27, 2004 $ 175,000 The nine months ending September 26, 2004 $ 495,000 The twelve months ending December 26, 2004 $1,000,000

Appears in 1 contract

Samples: Credit and Security Agreement (Cost U Less Inc)

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Minimum Net Income. The Borrower will achieve during each period described below, consolidated minimum its Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): PERIOD MINIMUM NET INCOME ------------------------------------------ Period Minimum Net Income ------ ------------------ The three months ending March 28September 30, 2004 2003 $ 10,000 The six months ending June 27October 31, 2004 $ 175,000 The nine months ending September 262003 <$120,000> November 30, 2004 $ 495,000 The twelve months ending 2003 <$220,000> December 2631, 2004 2003 <$1,000,000260,000> "

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Minimum Net Income. The Borrower will achieve during each period described below, consolidated minimum its Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): PERIOD MINIMUM NET INCOME ------------------------------------------ Period Minimum Net Income ------ ------------------ The three Twelve months ending March 28ended December 31, 2004 <$5,250,000> Three months ended March 31, 2005 $ 10,000 The six 22,000 Six months ending ended June 2730, 2004 2005 $ 175,000 The nine 45,000 Nine months ending ended September 2630, 2004 2005 $ 495,000 The twelve 102,000 Twelve months ending ended December 2631, 2004 $1,000,0002005 $ 212,000 "

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Minimum Net Income. The Borrower will achieve during each period described below, consolidated minimum its Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): PERIOD MINIMUM NET INCOME ------------------------------------------ Period Minimum Net Income ------ ------------------ The three months ending March 2831, 2004 $ 10,000 The six months ending 2003 $625,000 April 30, 2003 $525,000 May 31, 2003 $425,000 June 2730, 2004 $ 175,000 The nine months ending 2003 $140,000 July 31, 2003 $215,000 August 31, 2003 $220,000 September 2630, 2004 $ 495,000 The twelve months ending 2003 $235,000 October 31, 2003 $315,000 November 30, 2003 $400,000 December 2631, 2004 2003 $1,000,000415,000 "

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Minimum Net Income. The Borrower will achieve during each period described below, consolidated minimum its Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): PERIOD MINIMUM NET INCOME ------------------------------------------ Period Minimum Net Income ------ ------------------ The three months ending March 28August 31, 2004 $ 10,000 The six months ending June 272002 <$1,010,000> September 30, 2004 $ 175,000 The nine months ending September 262002 <$1,085,000> October 31, 2004 $ 495,000 The twelve months ending 2002 <$1,085,000> November 30, 2002 <$1,135,000> December 2631, 2004 2002 <$1,000,0001,135,000>

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

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Minimum Net Income. The Borrower will achieve during each period described below, consolidated minimum its Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): PERIOD MINIMUM NET INCOME ------------------------------------------ Period Minimum Net Income ------------------ The three months ending March 28------------------ May 31, 2004 $ 10,000 The six months ending <$800,000> June 2730, 2004 $ 175,000 The nine months ending September 26<$900,000> July 31, 2004 $ 495,000 The twelve months ending December 26<$950,000> August 31, 2004 <$1,000,000950,000> September 30, 2004 <$950,000> October 31, 2004 <$950,000> November 30, 2004 <$950,000> December 31, 2004 <$950,000>"

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Minimum Net Income. The Borrower will achieve during each period described below, consolidated minimum its Net Income, of not less than the amount set forth opposite such period (numbers appearing between "< >" are negative): PERIOD MINIMUM NET INCOME ------------------------------------------ period: Period Minimum Net Income ------ ------------------ The three months ending March 28, 2004 $ 10,000 The six months ending June 27, 2004 $ 175,000 The nine Nine months ending September 2630, 2004 $ 495,000 The twelve 2003 $400,000 Twelve months ending December 2631, 2004 2003 $1,000,000600,000

Appears in 1 contract

Samples: Credit and Security Agreement (Metretek Technologies Inc)

Minimum Net Income. The Borrower will achieve during each period described below, consolidated minimum Net Income, Income of not less than than, or a Net Loss not greater than, the amount set forth opposite such period (numbers number appearing between "< >()" are negative): PERIOD MINIMUM NET INCOME ------------------------------------------ ------------------ The twelve months ending June 30, 2001 $(1,000,000) The three months ending March 28September 30, 2004 $ 10,000 2001 $(1,350,000) The six months ending June 27December 31, 2004 $ 175,000 The nine months ending September 26, 2004 $ 495,000 The twelve months ending December 26, 2004 2001 $1,000,000(925,000)

Appears in 1 contract

Samples: Credit and Security Agreement (Vari L Co Inc)

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