Common use of Minimum Pre-Tax Net Income Clause in Contracts

Minimum Pre-Tax Net Income. The Borrower will achieve Pre-tax Net Income, determined as of the end of the fiscal quarter described below, of not less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Ending on Minimum Pre-tax Net or about Income ------------------------ ------------------- November 30, 2000 $(2,938,000) February 28, 2001 $(4,014,000) May 31, 2001 $(2,669,000) August 31, 2001 $(1,122,000)

Appears in 1 contract

Samples: Credit and Security Agreement (Sheldahl Inc)

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Minimum Pre-Tax Net Income. The Borrower will achieve Pre-tax Net Income, determined as of the end of the each fiscal quarter described below, of not less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Ending on or about Minimum Pre-tax Net or about Income ------------------------ ------------------- November 30, 2000 5/28/99 $(2,938,0009,500,000) February 28, 2001 8/27/99 $(4,014,000) May 31, 2001 $(2,669,000) August 31, 2001 $(1,122,0009,400,000)

Appears in 1 contract

Samples: Credit and Security Agreement (Sheldahl Inc)

Minimum Pre-Tax Net Income. The Borrower will achieve Pre-tax Net Income, determined as of the end of the fiscal quarter described below, of not less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Ending on Minimum Pre-tax Net or about Net Income ------------------------ ------------------- November 30, 2000 $(2,938,000) February 28, 2001 $(4,014,000) May --------------- March 31, 2001 $(2,669,0004,000,000) August June 30, 2001 $(8,225,000) September 30, 2001 $(11,675,000) December 31, 2001 $(1,122,000)12,400,000) "Section 6.21 - Deleted"

Appears in 1 contract

Samples: Credit and Security Agreement (Sheldahl Inc)

Minimum Pre-Tax Net Income. The Borrower will achieve Pre-tax Net Income, determined as of the end of the each fiscal quarter described below, of not less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Ending on Minimum Pre-tax Net --------------------- ------------------- on or about Income ------------------------ ------------------- November 30, 2000 ----------- ------ 11/30/99 $(2,938,0001,855,000) February 28, 2001 2/29/000 $(4,014,0003,207,000) May 31, 2001 5/31/00 $(2,669,0004,488,000) August 31, 2001 8/31/00 $(1,122,0004,235,000)

Appears in 1 contract

Samples: Credit and Security Agreement (Sheldahl Inc)

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Minimum Pre-Tax Net Income. The Borrower will achieve Pre-tax Net Income, determined as of the end of the each fiscal quarter described below, of not less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Ending on Minimum PreFISCAL QUARTER ENDING ON MINIMUM PRE-tax Net or about Income ------------------------ ------------------- November 30, 2000 TAX NET OR ABOUT INCOME 11/30/98 $(2,938,0002,710,000) February 28, 2001 2/28/99 $(4,014,0005,050,000) May 31, 2001 5/31/99 $(2,669,0004,985,000) August 31, 2001 8/31/99 $(1,122,0004,210,000)

Appears in 1 contract

Samples: Credit and Security Agreement (Sheldahl Inc)

Minimum Pre-Tax Net Income. The Borrower will achieve Pre-tax Net Income, determined as of the end of the fiscal quarter described below, of not less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Ending on or about Minimum Pre-tax Net or about Income ------------------------ ------------------- November 30, 2000 8/31/00 $(2,938,000) February 28, 2001 $(4,014,000) May 31, 2001 $(2,669,000) August 31, 2001 $(1,122,0008,014,000)

Appears in 1 contract

Samples: Credit and Security Agreement (Sheldahl Inc)

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