Common use of Minimum Net Income Clause in Contracts

Minimum Net Income. Pursuant to Section 6.13 of the Credit Agreement, as of the Reporting Date, Heska’s Net Income was, on a consolidated basis, $ , which o satisfies o does not satisfy the requirement that such amount be no less than $ on the Reporting Date, as set forth in the table below and adjusted, if applicable, in accordance with Section 6.13: Period Minimum Net Income Nine months ending September 30, 2007 [***] Twelve months ending December 31, 2007 [***] Three months ending March 31, 2008 [***] Six months ending June 30, 2008 [***]

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

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Minimum Net Income. Pursuant to Section 6.13 of the Credit Agreement, as of the Reporting Date, Heska’s Net Income was, on a consolidated basis, $ , which o satisfies o does not satisfy the requirement that such amount be no less than $ on the Reporting Date, as set forth in the table below and adjusted, if applicable, in accordance with Section 6.13: Period Minimum Net Income Nine months ending September 30, 2007 [***] Twelve months ending December 31, 2007 [***] 2006 $ 750,000 Three months ending March 31, 2008 [***] 2007 $ (1,500,000 ) Six months ending June 30, 2008 [***]2007 $ (600,000 )

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Pursuant to Section 6.13 of the Credit Agreement, as of the Reporting Date, Heska’s Net Income was, on a consolidated basis, $ $_______________, which o satisfies o does not satisfy the requirement that such amount be no less than $ $_______________ on the Reporting Date, as set forth in the table below and adjusted, if applicable, in accordance with Section 6.13below: Period Minimum Net Income Twelve months ending December 31, 2010 ($1,550,000) Three months ending March 31, 2011 ($2,600,000) Six months ending June 30, 2011 ($2,000,000) Nine months ending September 30, 2007 [***] 2011 ($850,000) Twelve months ending December 31, 2007 [***] Three months ending March 31, 2008 [***] Six months ending June 30, 2008 [***]2011 $200,000”

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Pursuant to Section 6.13 of the Credit Agreement, as of the Reporting Date, Heska’s Net Income was, on a consolidated basis, $ , which o satisfies o does not satisfy the requirement that such amount be no less than $ on the Reporting Date, as set forth in the table below and adjusted, if applicable, in accordance with Section 6.13below: Period Minimum Net Period Income Twelve months ending December 31, 2010 $ (1,550,000 ) Three months ending March 31, 2011 $ (2,600,000 ) Six months ending June 30, 2011 $ (2,000,000 ) Nine months ending September 30, 2007 [***] 2011 $ (850,000 ) Twelve months ending December 31, 2007 [***] Three months ending March 31, 2008 [***] Six months ending June 30, 2008 [***]2011 $ 200,000”

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

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Minimum Net Income. Pursuant to Section 6.13 of the Credit Agreement, as of the Reporting Date, Heska’s Net Income was, on a consolidated basis, $ , which o satisfies o does not satisfy the requirement that such amount be no less than $ on the Reporting Date, as set forth in the table below and adjusted, if applicable, in accordance with Section 6.13below: Period Minimum Net Period Income Twelve months ending December 31, 2009 [***] Three months ending March 31, 2010 [***] Six months ending June 30, 2010 [***] Nine months ending September 30, 2007 2010 [***] Twelve months ending December 31, 2007 [***] Three months ending March 31, 2008 [***] Six months ending June 30, 2008 2010 [***]

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Pursuant to Section 6.13 of the Credit Agreement, as of the Reporting Date, Heska’s Net Income was, on a consolidated basis, $ , which o satisfies o does not satisfy the requirement that such amount be no less than $ on the Reporting Date, as set forth in the table below and adjusted, if applicable, in accordance with Section 6.13below: Period Minimum Net Period Income Twelve months ending December 31, 2010 $ (1,550,000) Three months ending March 31, 2011 [***] Six months ending June 30, 2011 [***] Nine months ending September 30, 2007 2011 [***] Twelve months ending December 31, 2007 [***] Three months ending March 31, 2008 [***] Six months ending June 30, 2008 2011 [***]

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

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