Minimum Net Income. The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) " 3. Section 6.13. Section 6.13 of the Credit Agreement is amended and restated in its entirety to read as follows:
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Samples: Credit and Security Agreement (San Holdings Inc), Credit and Security Agreement (San Holdings Inc)
Minimum Net Income. The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Three months ending March 31, 2003 ($325,000 ) Six months ending June 30, 2002 2003 ($1,049,000215,000 ) Nine months ending Sept. 30, 2002 2003 ($665,000$ 40,000 ) Twelve months ending Dec. 31, 2002 ($600,000) "2003 $ 250,000 ”
36. Section 6.13. Section 6.13 of the Credit Agreement is amended and restated in its entirety to read as follows:
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Minimum Net Income. The Borrower will maintain, achieve during each period described below, its Net Income, determined as at the end Income of each quarter, at an amount not less than than, or a Net Loss not greater than, the amount set forth opposite such period (numbers number appearing between “( "()” " are negative): Period Minimum Net Income Six PERIOD MINIMUM NET INCOME The twelve months ending June 30, 2001 ($1,400,000) The three months ending September 30, 2001 ($1,800,000) The six months ending December 31, 2001 ($1,685,000) The nine months ending March 31, 2002 $1,600,000 The twelve months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) 3,200,000"
37. Section 6.13. Section 6.13 6.14 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
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Minimum Net Income. The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Twelve months ending Dec. 31, 2001 ($6,254,000) Three months ending March 31, 2002 ($866,000) Six months ending June 30, 2002 ($1,049,0001,251,000) Nine months ending Sept. 30, 2002 ($665,0001,991,000) Twelve months ending Dec. 31, 2002 ($600,0001,010,000) "” -2-
35. Section 6.13. Section 6.13 of the Credit Agreement is amended and restated in its entirety to read as follows:Section
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