Minimum Quarterly Net Income. Borrowers shall have Net Income of at least (a) negative $350,000.00 for the three month period ending September, 2007; (b) $0 as of March 31, 2008 and as of the end of the first three (3) fiscal quarters of Borrowers thereafter measured on a year-to-date basis.”
Appears in 2 contracts
Samples: Loan and Security Agreement (InfoLogix Inc), Loan and Security Agreement (InfoLogix Inc)
Minimum Quarterly Net Income. Borrowers shall have Net Income of at least (a) negative $350,000.00 for the three month period ending September, 2007; (b) $0 as of March 31for Borrowers’ fiscal quarter ending June 30, 2008 and as of the end of each of the first three (3) fiscal quarters of Borrowers thereafter thereafter, measured on a year-to-date basis.”
Appears in 1 contract
Minimum Quarterly Net Income. Borrowers shall have Net Income of at least (a) negative $350,000.00 for the three month period ending September, 2007; (b) $0 as of March 31, 2008 and as of the end of the first three (3) fiscal quarters of Borrowers thereafter measured on a year-to-date basis.”
Appears in 1 contract
Minimum Quarterly Net Income. Borrowers shall have Net Income of at least (a) negative $350,000.00 for the three month period ending September, 2007; (b) $0 as of March 31June 30, 2008 2007 and as of the end of the first three (3) fiscal quarters thereafter of Borrowers thereafter measured on a year-to-date basis.”
Appears in 1 contract