Profitability. Borrower shall be profitable for each fiscal quarter, except Borrower may suffer a loss of up to $200,000 in the fourth fiscal quarter of the 1998 fiscal year and a loss of up to $1,000,000 in the first fiscal quarter of the 1999 fiscal year.
Appears in 4 contracts
Samples: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Harmonic Lightwaves Inc)
Profitability. Borrower shall be profitable for each fiscal quarter, except Borrower may suffer a loss for the fiscal ------------- quarter ending September 30, 1996, in an amount not to exceed Three Hundred Thousand Dollars ($300,000). Borrower shall have a minimum net profit of up to One Dollar ($200,000 in the fourth 1.00) for each fiscal quarter of the 1998 fiscal year and a loss of up to $1,000,000 in the first fiscal quarter of the 1999 fiscal yearthereafter.
Appears in 2 contracts
Samples: Loan and Security Agreement (Jetfax Inc), Loan and Security Agreement (Jetfax Inc)