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.” (d) Exhibit 6-17 to the Loan Agreement is hereby deleted and replaced with the text attached hereto as Exhibit A.

Appears in 1 contract

Sources: Loan Agreement (Dynamics Research Corp)

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.” (d) Exhibit 6-17 to ” and substituting the Loan Agreement is hereby deleted and replaced with the following text attached hereto as Exhibit A.therefor:

Appears in 1 contract

Sources: 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.” (d) Exhibit 6-17 to the Loan Agreement is hereby deleted and replaced with the text attached hereto as Exhibit A.

Appears in 1 contract

Sources: Loan Agreement (Dynamics Research Corp)

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.” (d) Exhibit 6-17 to the Loan Agreement is hereby deleted and replaced with the text attached hereto as Exhibit A.

Appears in 1 contract

Sources: Loan Agreement (Dynamics Research Corp)