Gross Profit Condition. Borrower shall have had, as of the end of the most recently ended fiscal quarter, minimum Gross Profit for the period of two consecutive quarters then most recently ended of not less than the following: Sum of Two Consecutive Fiscal Quarter Period Gross Profit For fiscal quarter ending March 31, 2011 and fiscal quarter ending June 30, 2011 $ [ ***] For fiscal quarter ending June 30, 2011 and fiscal quarter ending September 30, 2011 $ [ ***] [***] = CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. For fiscal quarter ending September 30, 2011 and fiscal quarter ending December 31, 2011 $ [ ***] For fiscal quarter ending December 31, 2011 and fiscal quarter ending March 31, 2012 $ [ ***] For fiscal quarter ending March 31, 2012 and fiscal quarter ending June 30, 2012 $ [ ***] For fiscal quarter ending June 30, 2012 and fiscal quarter ending September 30, 2012 $ [ ***] For fiscal quarter ending September 30, 2012 and fiscal quarter ending December 31, 2012 $ [ ***]
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Samples: Security Agreement, Security Agreement (Enphase Energy, Inc.), Security Agreement (Enphase Energy, Inc.)
Gross Profit Condition. Borrower shall have had, as of the end of the most recently ended fiscal quarter, minimum Gross Profit for the period of two consecutive quarters then most recently ended of not less than the following: Sum of Two Consecutive Fiscal Quarter Period Gross Profit For fiscal quarter ending March 31, 2011 and fiscal quarter ending June 30, 2011 $ [ [***] For fiscal quarter ending June 30, 2011 and fiscal quarter ending September 30, 2011 $ [ [***] [***] = CERTAIN INFORMATION ON THIS PAGE HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. For fiscal quarter ending September 30, 2011 and fiscal quarter ending December 31, 2011 $ [ [***] For fiscal quarter ending December 31, 2011 and fiscal quarter ending March 31, 2012 $ [ [***] For fiscal quarter ending March 31, 2012 and fiscal quarter ending June 30, 2012 $ [ [***] For fiscal quarter ending June 30, 2012 and fiscal quarter ending September 30, 2012 $ [ [***] For fiscal quarter ending September 30, 2012 and fiscal quarter ending December 31, 2012 $ [ [***]
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