Common use of PROFITABILITY RATIO Clause in Contracts

PROFITABILITY RATIO. Net Income (fiscal quarter just ended) $___________ Net Income (prior fiscal quarter) $___________ Minimum required: Commencing with the fiscal quarter ending September 30, 2019, Seller shall not permit its Covenant Net Income to be (i) less than $1.00 for two (2) consecutive quarters, or (ii) commencing with the fiscal quarter beginning July 1, 2019, a loss exceeding $10,000,000 In compliance? ☐Yes ☐No

PROFITABILITY RATIO. Exhibit A-3 Net Income (fiscal quarter just ended) $___________ Net Income (prior fiscal quarter) $___________ Minimum required: Commencing with the fiscal quarter ending September 30, 2019, Seller shall not permit its Covenant Net Income to be (i) less than $1.00 for two (2) consecutive quarters, or (ii) commencing with the fiscal quarter beginning July 1, 2019, a loss exceeding $10,000,000 In compliance? ☐Yes ☐No

PROFITABILITY RATIO. Net Income (fiscal quarter just ended) $___________ $ Net Income (prior fiscal quarter) $___________ $ Minimum required: Commencing with the fiscal quarter ending September 30, 2019, Seller shall not permit its Covenant Net Income to be (i) less than $1.00 for two (2) consecutive quarters, or (ii) commencing with the fiscal quarter beginning July 1, 2019, a loss exceeding $10,000,000 In compliance? ☐☐ Yes ☐☐ No