Common use of Maintenance of Profitability Clause in Contracts

Maintenance of Profitability. The Guarantor shall not permit, for any period of two consecutive fiscal quarters (each such period, a “Test Period”), Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.

Appears in 5 contracts

Samples: Guaranty (New Century Financial Corp), Guaranty (New Century Financial Corp), Guaranty (New Century Financial Corp)

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Maintenance of Profitability. The Guarantor shall not permit, for any period of two consecutive fiscal quarters (each such period, a "Test Period"), Net Income for such Test Period, before income taxes for such Test Period and distributions made during such Test Period, to be less than $1.00.

Appears in 1 contract

Samples: Guaranty (New Century Financial Corp)

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