Minimum Net Profit Clause Samples

The Minimum Net Profit clause sets a baseline level of net profit that must be achieved or maintained under a contract or agreement. Typically, this clause outlines the specific calculation method for net profit and may require periodic financial reporting to verify compliance. It can apply to business partnerships, franchise agreements, or performance-based contracts, ensuring that the involved party meets a minimum financial threshold. The core function of this clause is to protect the interests of one or both parties by guaranteeing a certain level of profitability, thereby reducing financial risk and providing a clear standard for performance evaluation.
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Minimum Net Profit. Borrower’s quarterly: (i) net losses shall not exceed (a) Eleven Million Dollars ($11,000,000) as of the quarter ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇) Two Million Dollars ($2,000,000) as of the quarter ending June 30, 2011, and (ii) net profit shall be at least (a) One Dollar ($1.00) as of the quarter ending September 30, 2011, (b) One Million Five Hundred Thousand Dollars ($1,500,000) as of the quarter ending December 31, 2012, and (c) Two Million Dollars ($2,000,000) as of the quarter ending March 31, 2012, and as of the last day of each quarter thereafter, all on a non-GAAP basis.
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Minimum Net Profit. Borrower’s quarterly: (i) net losses shall not exceed (A) Four Million Three Hundred Thousand Dollars ($4,300,000.00) as of the quarter ended ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇) Two Million One Hundred Thousand Dollars ($2,100,000.00) as of the quarter ending June 30, 2013, and (C) Three Hundred Fifty Thousand Dollars ($350,000.00) as of the quarter ending September 30, 2013, and (ii) net profit shall be at least One Dollar ($1.00) as of the quarter ending December 31, 2013, and as of the last day of each quarter thereafter, all on a non-GAAP basis, in all cases to be tested as of the last day of each quarter. For purposes of clarity, “net losses” and “net profits” as used in this Section 6.7(b), means EBITDA minus unfinanced capital expenditures.
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Minimum Net Profit. Fail to produce a net profit after taxes quarterly and of at least $500,000.00 as of its fiscal year ending August 31, 1998.
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Minimum Net Profit. Permit Net Profit for any Fiscal Year (beginning with the Fiscal Year ended December 31, 2003, to be less than $1.
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Minimum Net Profit. Borrower’s quarterly: (i) net losses shall not exceed (a) Eleven Million Dollars ($11,000,000) as of the quarter ending ▇▇▇▇▇ ▇▇, ▇▇▇▇, (▇) Two Million Dollars ($2,000,000) as of the quarter ending June 30, 2011, (ii) net profit shall be at least One Dollar ($1.00) as of the quarter ending September 30, 2011, (iii) net losses shall not exceed (a) One Million Three Hundred Fifty Thousand Dollars ($1,350,000) as of the quarter ending December 31, 2011, and (b) Five Hundred Thousand Dollars ($500,000) as of the quarter ending March 31, 2012, and (iv) net profit shall be at least Two Million Dollars ($2,000,000) as of the quarter ending June 30, 2012, and as of the last day of each quarter thereafter, all on a non-GAAP basis.” “ The Initial Audit shall take place within ninety (90) after an Advance request has been made.” and inserting in lieu thereof the following: “ The Initial Audit shall take place on or before April 30, 2012.”
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Minimum Net Profit. Permit Net Profit as of the end of each of its quarterly accounting period to be less than zero.
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Minimum Net Profit. Borrower shall have minimum quarterly net profit equal to the greater of either (i) One Dollar ($1.00) or (ii) fifty percent (50%) of Borrower's board of directors approved plan, to be tested as of December 31, 2005 and as of the last day of each calendar quarter thereafter." 7 The Loan Agreement shall be amended by deleting the following definitions appearing in Section 13.1 thereof:
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Minimum Net Profit. The Borrower shall have after tax earnings at the end of each fiscal year hereafter of not less than $1.00. Section 9.1 is amended to add the following new definitions:
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Minimum Net Profit. Effective as of October 1, 2004 and to be tested as of the last day of each calendar quarter thereafter, Borrower shall have minimum quarterly net profit of at least one dollar ($1.00). For the purposes of calculating net loss/net profit hereunder, the following items shall be excluded (i) the amount of the write-off of Sonexis investment, not to exceed $5,000,000, (ii) any charge in respect of change in accounting for stock options relating to FAS 148, and (iii) any gain on troubled debt restructuring.
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Related to Minimum Net Profit

  • Minimum Net Income If as of the last day of any calendar month within a fiscal quarter of the Seller, the Seller’s consolidated Adjusted Tangible Net Worth is less than [***] or the Seller, on a consolidated basis, has cash and Cash Equivalents in an amount that is less than [***], in either case, the Seller’s consolidated Net Income for that fiscal quarter before income taxes for such fiscal quarter shall equal or exceed [***].

  • Minimum Net Worth Consolidated Net Worth will at no time be less than an amount equal to the sum of (a) $1,236,000,000 plus (b) 50% of Consolidated Net Income for each fiscal quarter of the Borrower ending after December 30, 1998 and at or prior to such time (but only if such Consolidated Net Income for such fiscal quarter is a positive amount).

  • Net Profit The current and accumulated operating earnings of the Employer after Federal and state income taxes, excluding nonrecurring or unusual items of income, and before contributions to this and any other Qualified Plan of the Employer, unless the Employer has elected a different definition in the Adoption Agreement. Unless elected otherwise in the Adoption Agreement, Employer contributions to the Plan are not conditioned on profits.

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.