Common use of Minimum Net Income Clause in Contracts

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): Period Income Twelve months ending December 31, 2009 [***] Three months ending March 31, 2010 [***] Six months ending June 30, 2010 [***] Nine months ending September 30, 2010 [***] Twelve months ending December 31, 2010 [***]

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

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Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): Period Income Twelve months ended December 31, 2004 Three months ending March 31, 2005 Six months ending June 30, 2005 Nine months ending September 30, 2005 Twelve months ending December 31, 2009 2005 Fifteen months ending March 31, 2006 Minimum Net Income [***] Three months ending March 31, 2010 [***] Six months ending June 30, 2010 [***] Nine months ending September 30, 2010 [***] Twelve months ending December 31, 2010 [***] [***]"

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): Period Income Twelve months ending ended December 31, 2009 2004 [***] Three months ending March 31, 2010 2005 [***] Six months ending June 30, 2010 2005 [***] Nine months ending September 30, 2010 2005 [***] Twelve months ending December 31, 2010 2005 [***] Fifteen months ending March 31, 2006 [***]"

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): Period Income Three months ending March 31 of each fiscal year $ (1,500,000 ) Six months ending June 30 of each fiscal year $ (1,250,000 ) Nine months ending September 30 of each fiscal year $ 500,000 Twelve months ending December 31, 2009 [***] Three months ending March 31, 2010 [***] Six months ending June 30, 2010 [***] Nine months ending September 30, 2010 [***] Twelve months ending December 31, 2010 [***]31 of each fiscal year $ 2,000,000

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

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Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): Period Income Twelve months ending December 31, 2009 [***] 2010 $ (1,550,000 ) Three months ending March 31, 2010 2011 [***] Six months ending June 30, 2010 2011 [***] Nine months ending September 30, 2010 2011 [***] Twelve months ending December 31, 2010 2011 [***]

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

Minimum Net Income. Heska will achieve, on a consolidated basis, during each period described below, Net Income in an amount not less than the amount set forth opposite such period (amounts in parentheses denote negative numbers): Period Income Twelve months ending December 31, 2009 [***] 2010 $ (1,550,000 ) Three months ending March 31, 2010 [***] 2011 $ (2,600,000 ) Six months ending June 30, 2010 [***] 2011 $ (2,000,000 ) Nine months ending September 30, 2010 [***] 2011 $ (850,000 ) Twelve months ending December 31, 2010 [***]2011 $ 200,000” 4. Capital Expenditures. Section 7.10 of the Credit Agreement is hereby amended to read in its entirety as follows:

Appears in 1 contract

Samples: Credit and Security Agreement (Heska Corp)

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