Minimum Pre-Tax Net Income. Pursuant to Section 6.14 of the Credit Agreement, the Borrowers’ Pre-Tax Net Income for the period ending on the Reporting Date, was $____________, which |_| satisfies |_| does not satisfy the requirement that such amount be not less than $_____________ for such period as set forth in table below: Date Minimum Pre-Tax Net Income March 31, 2004 $ 0 June 30, 2004 $ 650,000 September 30, 2004 $1,650,000 December 31, 2004 $2,000,000 March 31, 2005 $ 0
Appears in 2 contracts
Samples: Credit and Security Agreement (Medtox Scientific Inc), Credit and Security Agreement (Medtox Scientific Inc)
Minimum Pre-Tax Net Income. Pursuant to Section 6.14 of the Credit Agreement, the Borrowers’ Pre-Tax Net Income for the period ending on the Reporting Date, was $____________, which |_| satisfies |_| does not satisfy the requirement that such amount be not less than $_____________ for such period as set forth in table below: Date Minimum Pre-Tax Net Income June 30, 2003 $(600,000) September 30, 2003 $(275,000) December 31, 2003 $(300,000) March 31, 2004 $ 0 June 30, 2004 $ 650,000 September 30, 2004 $1,650,000 December 31, 2004 $2,000,000 March 31, 2005 $ 0(350,000)
Appears in 1 contract
Samples: Credit and Security Agreement (Medtox Scientific Inc)
Minimum Pre-Tax Net Income. Pursuant to Section 6.14 of the Credit Agreement, the Borrowers’ Pre-Tax Net Income for the period ending on the Reporting Date, was $____________, which |_| satisfies |_| does not satisfy the requirement that such amount be not less than $_____________ for such period as set forth in table below: Date Minimum Pre-Tax Net Income March 31, 2004 $ 0 June 30, 2004 2005 $ 650,000 September 30, 2004 2005 $1,650,000 December 31, 2004 2005 $2,000,000 March 31, 2005 $ 02,000,000
Appears in 1 contract
Samples: Credit and Security Agreement (Medtox Scientific Inc)