Common use of No Net Loss Clause in Contracts

No Net Loss. The Borrower and its Consolidated Subsidiaries shall not incur a net loss on a consolidated basis for any Fiscal Year. Notwithstanding the foregoing, for the fiscal year ending June 30, 1999 only, the Borrower and its Consolidated Subsidiaries may incur a net loss after taxes, which shall not exceed $4,000,000.00.

Appears in 2 contracts

Samples: Credit Agreement (Lecroy Corp), Multicurrency Credit Agreement (Lecroy Corp)

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No Net Loss. The Borrower and its Consolidated Subsidiaries shall not incur a net loss loss, on a consolidated basis basis, for any Fiscal Year. Notwithstanding the foregoing, for the fiscal year Fiscal Year ending June 30, 1999 2000 only, the Borrower and its Consolidated Subsidiaries may incur a net loss after loss, before taxes, which shall of not exceed more than $4,000,000.003,250,000.00."

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Lecroy Corp)

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No Net Loss. The Borrower and its Consolidated Subsidiaries shall not incur a net loss loss, on a consolidated basis basis, for any Fiscal Year. Notwithstanding the foregoing, for the fiscal year Fiscal Year ending June 30, 1999 2000 only, the Borrower and its Consolidated Subsidiaries may incur a net loss after loss, before taxes, which shall of not exceed more than $4,000,000.003,250,000.00." (e) Section 7.08 of the Credit Agreement is deleted in its entirety and the following new Section 7.08 is inserted in lieu thereof:

Appears in 1 contract

Samples: Multicurrency Credit Agreement (Lecroy Corp)

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