Common use of Net Profit Clause in Contracts

Net Profit. The Borrowers shall earn a minimum Consolidated Net Income, as determined in accordance with GAAP, of at least $1.00, measured quarterly, as of the end of each fiscal quarter.”

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

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Net Profit. The Borrowers shall earn a minimum Consolidated Net Income, as determined in accordance with GAAP, of at least $1.00, measured quarterly, quarterly as of the end of each fiscal quarterquarter of each fiscal year on a cumulative basis as and for each such fiscal year.” and substituting the following text therefor:

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

Net Profit. The Borrowers shall earn a consolidated minimum Consolidated Net Incomenet profit, as determined in accordance with GAAP, of at least $1.00, measured quarterlymonthly, as of the end of each fiscal quarteron a cumulative basis.

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

Net Profit. The Borrowers shall earn a Consolidated minimum Consolidated Net Incomenet profit, as determined in accordance with GAAP, of at least $1.00, measured quarterly, commencing with the fiscal quarter ending as of the end of each fiscal quarterSeptember 30, 2004.

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

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Net Profit. The Borrowers shall earn a minimum Consolidated Net Income, as determined in accordance with GAAP, of at least $1.00, measured quarterly, quarterly as of the end of each fiscal quarterquarter of each fiscal year on a cumulative basis as and for each such fiscal year.

Appears in 1 contract

Samples: Loan Agreement (Dynamics Research Corp)

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