Common use of Minimum Net Income Clause in Contracts

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): September 30, Period Minimum Net Income Three months ending March 31 of each fiscal year $ (1,500,000 ) Six months ending June 30 of each fiscal year $ (1,250,000 ) Nine months ending September 30 of each fiscal year $ 500,000 Twelve months ending December 31 of each fiscal year $ 2,000,000

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

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Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): September 30, Period Minimum Net Income Twelve months ended December 31, 2004 [***] Three months ending March 31 of each fiscal year $ (1,500,000 ) 31, 2005 [***] Six months ending June 30 of each fiscal year $ (1,250,000 ) 30, 2005 [***] Nine months ending September 30 of each fiscal year $ 500,000 30, 2005 [***] Twelve months ending December 31 of each fiscal year $ 2,000,00031, 2005 [***] Fifteen months ending March 31, 2006 [***]"

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): September 30, Period Minimum Net Income Twelve months ending December 31, 2010 ($1,550,000) Three months ending March 31 of each fiscal year $ 31, 2011 (1,500,000 $2,600,000) Six months ending June 30 of each fiscal year $ 30, 2011 (1,250,000 $2,000,000) Nine months ending September 30 of each fiscal year $ 500,000 30, 2011 ($850,000) Twelve months ending December 31 of each fiscal year $ 2,000,00031, 2011 $200,000”

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): September 30, Period Minimum Net Income Twelve months ending December 31, 2009 $575,000 Three months ending March 31 of each fiscal year $ 31, 2010 (1,500,000 $1,750,000) Six months ending June 30 of each fiscal year $ 30, 2010 (1,250,000 $2,025,000) Nine months ending September 30 of each fiscal year $ 500,000 30, 2010 ($750,000) Twelve months ending December 31 of each fiscal year $ 2,000,00031, 2010 $100,000"

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): September 30, Period Minimum Net Period Income Twelve months ending December 31, 2010 $ (1,550,000 ) Three months ending March 31 of each fiscal year 31, 2011 $ (1,500,000 2,600,000 ) Six months ending June 30 of each fiscal year 30, 2011 $ (1,250,000 2,000,000 ) Nine months ending September 30 of each fiscal year 30, 2011 $ 500,000 (850,000 ) Twelve months ending December 31 31, 2011 $ 200,000” 4. Capital Expenditures. Section 7.10 of each fiscal year $ 2,000,000the Credit Agreement is hereby amended to read in its entirety as follows:

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

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Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): September 30Period Twelve months ended December 31, Period Minimum Net Income 2004 Three months ending March 31 of each fiscal year $ (1,500,000 ) 31, 2005 Six months ending June 30 of each fiscal year $ (1,250,000 ) 30, 2005 Nine months ending September 30 of each fiscal year $ 500,000 30, 2005 Twelve months ending December 31 of each fiscal year $ 2,000,00031, 2005 Fifteen months ending March 31, 2006 Minimum Net Income [***] [***] [***] [***] [***] [***]"

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): September 30, Period Minimum Net Income Three months ending March 31 of each fiscal year $ 31, 2003 (1,500,000 $[ *** ]) Six months month ending June 30 of each fiscal year $ 30, 2003 (1,250,000 $[ *** ]) Nine months ending September 30 of each fiscal year $ 500,000 30, 2003 ($[ *** ]) Twelve months ending December 31 of each fiscal year $ 2,000,00031, 2003 ($[ *** ])”

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): September 30, Period Minimum Net Income Twelve months ending December 31, 2008 [***] Three months ending March 31 of each fiscal year $ (1,500,000 ) 31, 2009 [***] Six months ending June 30 of each fiscal year $ (1,250,000 ) 30, 2009 [***] Nine months ending September 30 of each fiscal year $ 500,000 30, 2009 [***] Twelve months ending December 31 of each fiscal year $ 2,000,00031, 2009 [***]

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

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