Positive Net Income Clause Samples
The Positive Net Income clause defines a requirement that a party, typically a company, must maintain a net income greater than zero over a specified period. In practice, this means the company must generate more revenue than expenses, ensuring profitability during the relevant timeframe, which may be measured quarterly or annually. This clause is often used in loan agreements or investment contracts to provide assurance to lenders or investors that the company remains financially healthy, thereby reducing the risk of default or financial instability.
POPULAR SAMPLE Copied 1 times
Positive Net Income. Permit Consolidated Positive Net Income, as calculated on a quarterly basis commencing with the Fiscal Quarter of the Borrower ending June 30, 2015 (provided that, for the Fiscal Quarter ending June 30, 2015, Consolidated Positive Net Income shall be calculated without giving effect to the S▇▇▇▇▇▇ Acquisition), to be equal to or less than $0.
Positive Net Income. Consolidated Positive Net Income:
Positive Net Income. Permit KKR Financial’s Consolidated Net Income to be less than $1.00 for any fiscal quarter.
Positive Net Income. Seller’s Net Income shall be positive at all times following the first anniversary of the Effective Date of this Agreement.
Positive Net Income. The consolidated Net Income of the Guarantors (calculated on an aggregate basis) shall at all times be equal to a positive amount.
Positive Net Income. This means that at the end of each Blue Coat fiscal year, Blue Coat has had two (2) previous years of positive net income (measured using annual results).
Positive Net Income. Permit the Consolidated Positive Net Income, as calculated on a quarterly basis, to be equal to or less than $0.
Positive Net Income. Parent's Net Income shall be positive at all times following the first anniversary of the Effective Date of this Agreement.
Positive Net Income. Borrower shall earn net income (calculated in accordance with generally accepted accounting principles) in each fiscal year."
Positive Net Income. The Borrower shall ensure that the pre-tax net income for the Borrower, on a consolidated basis, shall not be negative for any two consecutive calendar quarters, nor negative for any four consecutive calendar quarters on a cumulative basis.