Fail to maintain. (a) Net Worth. Net Worth of at least the applicable amount set forth below as of each date set forth below: Date Net Worth The last day of the second (-$13,500,000) quarter of the 1998 fiscal year The last day of the third (-$13,200,000) quarter of the 1998 fiscal year The last day of the fourth (-$12,500,000) quarter of the 1998 fiscal year The last day of the first (-$12,000,000) quarter of the 1999 fiscal year The last day of the second (-$11,500,000) quarter of the 1999 fiscal year The last day of the third (-$11,000,000) quarter of the 1999 fiscal year The last day of the fourth (-$10,000,000) quarter of the 1999 fiscal year and the last day of each fiscal quarter thereafter
Fail to maintain. (a) Current Ratio. A ratio of Consolidated Current Assets divided by Consolidated Current Liabilities of at least 0.75: 1.0, measured on a fiscal quarter-end basis;
Fail to maintain. (a) Minimum EBITDA. EBITDA of at least the amount set forth in the table below, measured on a Fiscal Month-end basis for Fiscal Year to such date, as of the applicable date set forth in the table below;
Fail to maintain. (a) Tangible Net Worth. Tangible Net Worth as of the last day of any fiscal quarter set forth below of at least the amount set forth below opposite such fiscal quarter: Fiscal Quarter Amount February 28, 1998, May 31, $250,000 1998 and August 31, 1998 November 30, 1998, $500,000 February 28, 1999 and May 31, 1999 August 31, 1999 and the $750,000 last day of each fiscal quarter thereafter
Fail to maintain. EBITDA. EBITDA of Borrower as of the end of each calendar month for the immediately preceding 12 month period of at least $10,000,000;
Fail to maintain. Current Ratio. A ratio of Consolidated Current Assets divided by Consolidated Current Liabilities of at least .25: 1.0, measured on a fiscal quarter-end basis; Tangible Net Worth. Tangible Net Worth of at least ($9,000,000), measured on a fiscal quarter-end basis;
Fail to maintain. Tangible Net Worth. Tangible Net Worth of at least $13,000,000 measured on a fiscal quarter-end basis commencing with Borrower's fiscal quarter ending November ___, 2001.
Fail to maintain. (a) For the prior three (3) months for the period ending June 30, 2000, EBITDA equal to or greater than negative One Million Three Hundred Thousand Dollars (-$1,300,000);
Fail to maintain. (a) Tangible Net Worth. Tangible Net Worth of at least (i) negative $3,200,000 as of the last day of the fiscal quarter ending on the Sunday closest to December 31, 1998, (ii) negative $3,200,000 as of the last day of the fiscal quarter ending on the Sunday closest to March 31, 1999, (iii) negative $350,000 as of the last day of the fixxxx xxxxxxx xxxxxx on the Sunday closest to June 30, 1999, and (iv) $700,000 as of the last day of the fiscal quarter ending on the Sunday closest to September 30, 1999. For each fiscal quarter ending after the Sunday closest to September 30, 1999, Companies shall maintain Tangible Net Worth at a level to be determined by Foothill, which level will be based on Companies' projections (but in no event will Tangible Net Worth as of the last day of any such fiscal quarter be less than $700,000);
Fail to maintain. (a) Tangible Net Worth of at least the following amounts as of the dates specified below: Quarter Ending Minimum Tangible Net Worth -------------- -------------------------- March 31, 2001 $ 57,944.000 June 30, 2001 $ 58,031,000 September 30, 2001 $ 61,066,000 December 31, 2001 $ 66,563,000 March 31, 2002 $ 69,580,000 June 30, 2002 $ 73,067,000 September 30, 2002 $ 77,604,000 December 31, 2002 $ 83,546,000 March 31, 2003 $ 87,913,000 47 June 30, 2003 $ 92,635,000 September 30, 2003 $ 97,211,000 December 31, 2003 $102,714,000
