Minimum Profitability. Adjusted Net Income to be less than $1.00 in more than one fiscal quarter of any Rolling Four Quarter Period.
Minimum Profitability. Permit, with respect to the Borrower and its Subsidiaries on a consolidated basis, a net loss to exist for any two consecutive fiscal quarters of the Borrower.
Minimum Profitability. Permit at the end of any calendar quarter the Parent's consolidated net income, determined in accordance with GAAP, for such calendar quarter and the immediately preceding calendar quarter, taken together, to be less than $1.00.
Minimum Profitability. The Credit Parties shall not permit (i) the quarterly net income of the Core Ameresco Companies (determined on a consolidated basis in accordance with GAAP) for any two consecutive fiscal quarters to be less than $1, and (ii) the aggregate net income of the Core Ameresco Companies (determined on a consolidated basis in accordance with GAAP) for any period of four consecutive fiscal quarters to be less than $1.
Minimum Profitability. Suffer or permit there to exist, as of the last day of any fiscal quarter, for the four fiscal quarters ending on such date, commencing with the fiscal quarter ending March 31, 2000, (i) any two fiscal quarters in which the aggregate negative Consolidated Net Income for such fiscal quarters exceeds 5% of Consolidated Tangible Net Worth as of such date, or (ii) cumulative Consolidated Net Income for such four-quarter period of less than $1.00. For purposes of calculating this covenant, charges for In-Process Research & Development associated with Acquisitions shall be excluded, (x) provided that any such charges for In-Process Research & Development are taken -------- during the quarter in which any such Acquisitions are completed, and (y) to the extent that the aggregate amount of any such charges for In-Process Research & Development taken does not exceed $100,000,000 from and after the Closing Date.
Minimum Profitability. The Borrower will achieve, during each period described below, Net Income, determined at the end of each quarter, greater than the amount set forth opposite such period: Period Minimum Net Income 9 mos. ending 9/30/01 $750,000 12 mos. ending 12/31/01 $1,000,000 3 mos. ending 3/31/02 $200,000 6 mos. ending 6/30/02 $400,000 9 mos. ending 9/30/02 $600,000 12 mos. ending 12/31/02 $800,000
Minimum Profitability. Borrowers covenant that they will achieve as of the last day of each fiscal quarter an aggregate consolidated net income after tax for the respective periods set forth below, as follows (i) in respect of the fiscal quarter ending June 30, 2005, not less than $1,500,000; (ii) in respect of the two consecutive fiscal quarters ending September 30, 2005, not less than $1,750,000; (iii) in respect of the three consecutive fiscal quarters ending December 31, 2005, not less than $5,000,000; and (iv) in respect of the four consecutive fiscal quarters ending as of the last day of each fiscal quarter ending on and after March 31, 2006, not less than $7,500,000.
Minimum Profitability. Borrower shall maintain a profit of not less than $1,000,000.00, as measured quarterly on a trailing twelve month basis.
Minimum Profitability. As of the end of each fiscal year during the term of this Agreement, Borrower shall have operating profits, computed on a consolidated basis in accordance with GAAP, consistently applied, of not less than zero, thereby resulting in positive cash flow for Borrower and its Subsidiaries as of the end of such fiscal year. “Operating profits” for purposes of this Agreement shall mean gross profits less operating expenses. For purposes of this Agreement, “positive cash flow” shall mean an amount greater than zero, which amount is the sum of net income (loss) for Borrower and its Subsidiaries as of the end of the applicable fiscal year and all non-cash expenses of Borrower and its Subsidiaries for such fiscal year.
Minimum Profitability. Maintain at the end of each Borrower fiscal quarter for the period commencing as of the Closing Date and ending December 31, 1998, Adjusted EBITDA of at least $5,000,000 and thereafter maintain at the end of each Borrower fiscal quarter, Adjusted EBITDA of at least $6,500,000, to be measured for the rolling four Borrower fiscal quarter period consisting of the Borrower fiscal quarter then ending and the three immediately preceding Borrower fiscal quarters.
