Common use of Minimum Earnings Before Taxes Clause in Contracts

Minimum Earnings Before Taxes. The Borrower will achieve Earnings Before Taxes, for the period from the beginning of the calendar year containing the following indicated months to the last day of such month, of not less than the amount set forth opposite such month (numbers in parenthesis denote negative numbers): Period Ending on the Last Day Of Minimum Earnings Before Taxes December, 2004 $ (1,600,000 ) January, 2005 $ (400,000 ) February, 2005 $ (650,000 ) March, 2005 $ (950,000 ) April, 2005 $ (975,000 ) May, 2005 $ (650,000 ) June, 2005 $ (325,000 ) July, 2005 $ (150,000 ) August, 2005 $ 150,000 September, 2005 $ 500,000 October, 2005 $ 800,000 November, 2005 $ 800,000 December, 2005 $ 800,000 January, 2006 $ (400,000 ) February, 2006 $ (650,000 ) March, 2006 $ (900,000 ) April, 2006 $ (900,000 ) May 2006 and thereafter $ (650,000 )

Minimum Earnings Before Taxes. The Borrower will achieve Earnings Before Taxes, for the period from the beginning of the calendar year containing the following indicated months to the last day of such month, of not less than the amount set forth opposite such month (numbers in parenthesis denote negative numbers): Period Ending on the Last Day Of Minimum Earnings Before Taxes September, 2004 $ 0 October, 2004 $ 255,000 November, 2004 $ 382,500 December, 2004 $ (1,600,000 ) 467,500 January, 2005 $ (400,000 $575,000 ) February, 2005 $ (650,000 $690,000 ) March, 2005 $ (950,000 $862,500 ) April, 2005 $ (975,000 $575,000 ) May, 2005 $ (650,000 $230,000 ) June, 2005 $ (325,000 ) 212,500 July, 2005 $ (150,000 ) 765,000 August, 2005 $ 150,000 1,275,000 September, 2005 $ 500,000 1,912,500 October, 2005 $ 800,000 2,337,500 November, 2005 $ 800,000 2,550,000 December, 2005 $ 800,000 2,550,000 January, 2006 $ (400,000 $575,000 ) February, 2006 $ (650,000 ) March, 2006 $ (900,000 ) April, 2006 $ (900,000 ) May 2006 and thereafter $ (650,000 $690,000 )

Minimum Earnings Before Taxes. The Borrower will achieve Earnings Before Taxes, for the period from the beginning of the calendar year containing the following indicated months to the last day of such month, of not less than the amount set forth opposite such month (numbers in parenthesis denote negative numbers): Period Ending on the Last Day Of Minimum Earnings Before Taxes September, 2004 $ 0 October, 2004 $ 300,000 November, 2004 $ 450,000 December, 2004 $ (1,600,000 ) 550,000 January, 2005 $ (400,000 $500,000 ) February, 2005 $ (650,000 $600,000 ) March, 2005 $ (950,000 $750,000 ) April, 2005 $ (975,000 $500,000 ) May, 2005 $ (650,000 $200,000 ) June, 2005 $ (325,000 ) 250,000 July, 2005 $ (150,000 ) 900,000 August, 2005 $ 150,000 1,500,000 September, 2005 $ 500,000 2,250,000 October, 2005 $ 800,000 2,750,000 November, 2005 $ 800,000 3,000,000 December, 2005 $ 800,000 3,000,000 January, 2006 $ (400,000 $500,000 ) February, 2006 $ (650,000 ) March, 2006 $ (900,000 ) April, 2006 $ (900,000 ) May 2006 and thereafter $ (650,000 $600,000 )