MINIMUM YEAR Sample Clauses

MINIMUM YEAR. TO-DATE NET INCOME. Borrower will achieve, as of each period described below, Net Income of not less than the amount set forth opposite such period: PERIOD MINIMUM YEAR-TO-DATE NET INCOME ----------------------------------------------- -------------------------------- Seven months ending July 31, 2003 $225,000 Eight months ending August 31, 2003 $260,000 Nine months ending September 30, 2003 $300,000 Ten months ending October 31, 2003 $275,000 Eleven months ending November 30, 2003 $250,000 Twelve months ending December 31, 2003 $225,000 Month ending January 31, 2004 $50,000 Two months ending February 28, 2004 $100,000 Three months ending March 31, 2004 $150,000 Four months ending April 30, 2004 $200,000 Five months ending May 31, 2004 $250,000 Six months ending June 30, 2004 $300,000 Seven months ending July 31, 2004 $350,000 Eight months ending August 31, 2004 $400,000 Nine months ending September 30, 2004 $450,000 Ten months ending October 31, 2004 $500,000 Eleven months ending November 30, 2004 $550,000 Twelve months ending December 31, 2004 $600,000"
Sample 1
AutoNDA by SimpleDocs
MINIMUM YEAR. TO-DATE NET INCOME. Borrower will achieve, as of each period described below, Net Income of not less than the amount set forth opposite such period: MINIMUM YEAR-TO-DATE NET PERIOD INCOME ------ ------ Two months ending February 29, 2004 $300,000 Three months ending March 31, 2004 $375,000 Four months ending April 30, 2004 $450,000 Five months ending May 31, 2004 $550,000 Six months ending June 30, 2004 $700,000 Seven months ending July 31, 2004 $900,000 Eight months ending August 31, 2004 $1,125,000 Nine months ending September 30, 2004 $1,375,000 Ten months ending October 31, 2004 $1,575,000 Eleven months ending November 30, 2004 $1,800,000 Twelve months ending December 31, 2004 $2,050,000 MINIMUM YEAR-TO-DATE NET PERIOD INCOME ------ ------ Month ending January 31 of each year thereafter $200,000 Two months ending February 29 of each year thereafter $400,000 Three months ending March 31 of each year thereafter $600,000 Four months ending April 30 of each year thereafter $800,000 Five months ending May 31 of each year thereafter $1,050,000 Six months ending June 30 of each year thereafter $1,300,000 Seven months ending July 31 of each year thereafter $1,550,000 Eight months ending August 31 of each year thereafter $1,800,000 Nine months ending September 30 of each year thereafter $2,100,000 Ten months ending October 31 of each year thereafter $2,400,000 Eleven months ending November 30 of each year thereafter $2,700,000 Twelve months ending December 31 of each year thereafter $3,000,000 4. MANAGEMENT FEES. Article VII of the Credit Agreement is hereby amended by adding thereto a new Section 7.20, which shall read in its entirety as follows:
Sample 1
MINIMUM YEAR. TO-DATE PRE-TAX NET INCOME. The Borrowers will achieve, during each period described below, Pre-Tax Net Income, determined on a consolidated basis, of not less than the amount set forth opposite such period: PERIOD MINIMUM PRE-TAX NET INCOME Nine months ending September 30, 2000 $5,000,000 Fiscal year ending December 31, 2000 $6,700,000 On or before December 31, 2000, the Borrowers and the Lender shall agree on the required minimum Pre-Tax Net Income levels for periods after such date, which levels shall be set in the Lender's discretion based on the business plan of the Borrowers for the fiscal year ending December 31, 2001.
Sample 1
MINIMUM YEAR. TO-DATE NET INCOME. The Borrower will achieve as at the end of each period described below, Net Income of not less than the amount set forth below: (i) From January 1, through the fiscal quarter ending March 31 of each year during the term hereof, Net Income of not less than a loss $1,800,000 (i.e., the Borrower may not lose more than $1,800,000 as at the end of such period); (ii) From January 1, through the fiscal quarter ending June 30 of each year during the term hereof, Net Income of not less than a loss $1,300,000 (i.e., the Borrower may not lose more than $1,300,000 as at the end of such period); (iii) From January 1, through the fiscal quarter ending September 30 of each year during the term hereof, Net Income of not less than a loss $350,000 (i.e., the Borrower may not lose more than $350,000 as at the end of such period); and (iv) From January 1, through the fiscal quarter ending December 31 of each year during the term hereof, Net Income of not less than $600,000 (i.e., the Borrower must have a minimum Net Income of $600,000 as at the end of such period).
Sample 1
MINIMUM YEAR. TO-DATE NET INCOME. Borrower will achieve, as of each period described below, Net Income of not less than the amount set forth opposite such period: MINIMUM YEAR-TO- PERIOD DATE NET INCOME ------ --------------- One month ending January 31 of each year $150,000 Two months ending February 28 of each year $250,000 Three months ending March 31 of each year $450,000 Four months ending April 30 of each year $600,000 Five months ending May 31 of each year $750,000 Six months ending June 30 of each year $900,000 Seven months ending July 31 of each year $1,050,000 Eight months ending August 31 of each year $1,150,000 Nine months ending September 30 of each year $1,350,000 Ten months ending October 31 of each year $1,500,000 Eleven months ending November 30 of each year $1,600,000 Twelve months ending December 31 of each year $1,800,000"
Sample 1

Related to MINIMUM YEAR

  • 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.

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

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Minimum Cash As determined on the first of every calendar month, the Company shall at all times keep on-hand unencumbered, unrestricted cash in an amount greater than or equal to $1,000,000.

  • Minimum Payments (a) Where the employee is under 45 years of age, the employer shall pay the employee Less than 1 year Nil 1 year and less than 2 years 4 weeks pay 2 years and less than 3 years 7 weeks pay 3 years and less than 4 years 10 weeks pay 4 years and less than 5 years 12 weeks pay 5 years and less than 6 years 14 weeks pay 6 years and over 16 weeks pay. (b) Where the employee is 45 years of age or over, the employer shall pay the employee in accordance with the following scale: Less than 1 year Nil 1 year and less than 2 years 5 weeks pay 2 years and less than 3 years 8.75 weeks pay 3 years and less than 4 years 12.5 weeks pay 4 years and less than 5 years 15 weeks pay 5 years and less than 6 years 17.5 weeks pay 6 years and over 20 weeks pay

  • Minimum Monthly Rent (Section 1.5): Tenant shall pay to Landlord Minimum Monthly Rent for the Premises during the Extended Term in accordance with the schedule and in the amount set forth below: 01/01/13-07/31/13 $ 1,776.25 per month $ 8,645.00 per month $ 10,421.25 per month 08/01/13-07/31/14 $ 1,827.00 per month $ 8,892.00 per month $ 10,719.00 per month 08/01/14-07/31/15 $ 1,877.75 per month $ 9,139.00 per month $ 11,016.75 per month

  • Minimum Cash Balance Licensee shall fund the Facility Checking Account --------------------- with an initial amount equal to $25,000.00 and thereafter Licensee shall provide the working capital required by Section I(H) of this Agreement

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Minimum Net Worth The Borrower will at all times maintain ----------------- Consolidated Net Worth of not less than the sum of (i) $265,000,000 plus (ii) fifty percent (50%) of Consolidated Net Income earned in each fiscal quarter beginning with the quarter ending December 31, 1997 (without deduction for losses).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!