Common use of Minimum Net Income Clause in Contracts

Minimum Net Income. Company shall achieve Net Income, measured on each of the following test dates described below, for the quarter period ending on each such test date, Net Income of not less than the amount set forth opposite each such test date (numbers appearing between “< >” are negative): Test Date Minimum Net Income December 31, 2008 $ <10,800,000> March 31, 2009 $ <11,000,000> June 30, 2009 $ <5,750,000> September 30, 2009 $ <3,200,000> December 31, 2009 $ <1,000,000> March 31, 2010 $ <500,000>

Appears in 1 contract

Samples: Credit and Security Agreement (Capstone Turbine Corp)

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Minimum Net Income. Company shall achieve Net Income, measured on each of the following test dates described below, for the quarter period ending on each such test date, Net Income of not less than the amount set forth opposite each such test date (numbers appearing between “< >” are negative): Test Date Minimum Net Income December 31, 2008 $ <10,800,000> March 31, 2009 $ <11,000,000> June 30, 2009 2010 $ <5,750,00011,283,000> September 30, 2009 2010 $ <3,200,0009,859,000> December 31, 2009 $ <1,000,000> March 31, 2010 $ <500,0007,549,000> March 31, 2011 $ <5,161,000>

Appears in 1 contract

Samples: Compliance Certificate (CAPSTONE TURBINE Corp)

Minimum Net Income. Company shall achieve Net Income, measured on each of the following test dates described below, for the quarter period ending on each such test date, Net Income of not less than the amount set forth opposite each such test date (numbers appearing between “< >” are negative): Test Date Minimum Net Income December 31, 2008 $ <10,800,000> March 31, 2009 $ <11,000,000> June 30, 2009 $ <5,750,0009,226,000 > September 30, 2009 $ <3,200,0007,003,000 > December 31, 2009 $ <1,000,0004,826,000 > March 31, 2010 $ <500,0003,341,000 >

Appears in 1 contract

Samples: Credit and Security Agreements (Capstone Turbine Corp)

Minimum Net Income. Company shall achieve Net Income, measured on each of the following test dates described below, for the quarter period ending on each such test dateperiods specified below, Net Income of not less than the amount set forth opposite each such test date and test period (numbers appearing between “< >” are negative): Test Date and Test Period Minimum Net Income Fiscal Year to Date Period ending June 30, 2011 $ <9,230,000 > Fiscal Year to Date Period ending September 30, 2011 $ <15,699,000 > Fiscal Year to Date Period ending December 31, 2008 2011 $ <10,800,00020,790,000 > Quarter ending March 31, 2009 2012 $ <11,000,000> June 30, 2009 $ <5,750,000> September 30, 2009 $ <3,200,000> December 31, 2009 $ <1,000,000> March 31, 2010 $ <500,0008,521,000 >

Appears in 1 contract

Samples: Acknowledgment and Agreement (CAPSTONE TURBINE Corp)

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Minimum Net Income. Company shall achieve Net Income, measured on each of the following test dates described below, for the quarter period ending on each such test dateperiods specified below, Net Income of not less than the amount set forth opposite each such test date and test period (numbers appearing between “< >are negative): Test Date and Test Period Minimum Net Income Fiscal Year to Date Period ending June 30, 2012 $<10,634,000> Fiscal Year to Date Period ending September 30, 2012 $<16,450,000> Fiscal Year to Date Period ending December 31, 2008 $ 2012 $<10,800,00020,781,000> Fiscal Year to Date Period ending March 31, 2009 $ 2013 $<11,000,000> June 30, 2009 $ <5,750,000> September 30, 2009 $ <3,200,000> December 31, 2009 $ <1,000,000> March 31, 2010 $ <500,00022,669,000>

Appears in 1 contract

Samples: Credit and Security Agreements (CAPSTONE TURBINE Corp)

Minimum Net Income. Company shall achieve Net Income, measured on each of the following test dates described below, for the quarter period ending on each such test date, Net Income of not less than the amount set forth opposite each such test date (numbers appearing between “< >are negative): Test Date Minimum Net Income December 31, 2008 $ <10,800,000> March 31, 2009 $ <11,000,000> June 30, 2009 $ <5,750,000> September 30, 2009 $ <3,200,00012,800,000> December 31, 2009 $ <1,000,00010,251,000> March 31, 2010 $ <500,0007,305,000>

Appears in 1 contract

Samples: Credit and Security (Capstone Turbine Corp)

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