Common use of Profitability Clause in Contracts

Profitability. Borrower shall have a minimum net profit of One Dollar ($1.00) for each fiscal quarter, except that Borrower may suffer losses not to exceed the following amounts for the following quarters: (i) Six Million Dollars ($6,000,000) for the fiscal quarter ending June 30, 1997, (ii) One Million Five Hundred Thousand Dollars ($1,500,000) for the fiscal quarter ending September 30, 1997, and (iii) Five Hundred Thousand Dollars ($500,000) for the fiscal quarter ending December 31, 1997.

Profitability. Borrower shall have not suffer a minimum net profit loss in ------------- excess of One Dollar ($1.00) for each fiscal quarter, except that Borrower may suffer losses not to exceed the following amounts 1,500,000 for the following quarters: (i) Six Million Dollars (fiscal quarter ending December 31, 1996, a loss in excess of $6,000,000) 1,250,000 for the fiscal quarter ending March 31, 1997, a loss in excess of $750,000 for the fiscal quarter ending June 30, 1997, (ii) One Million Five Hundred Thousand Dollars (or a loss in excess of $1,500,000) 350,000 for the fiscal quarter ending September 30, 1997, and (iii) Five Hundred Thousand Dollars ($500,000) . Borrower shall be profitable for the each fiscal quarter ending December 31, 1997thereafter.

Profitability. Borrower shall have a minimum net profit of One Dollar ($1.00) for will be profitable each fiscal quarter, except that Borrower may suffer losses not to exceed the following amounts $500,000 for the following quarters: (i) Six Million Dollars (fiscal quarter ending December 31, 1998; $6,000,000) 400,000 for the fiscal quarter ending March 31, 1999; and $250,000 for the fiscal quarter ending June 30, 1997, (ii) One Million Five Hundred Thousand Dollars ($1,500,000) for the fiscal quarter ending September 30, 1997, and (iii) Five Hundred Thousand Dollars ($500,000) for the fiscal quarter ending December 31, 19971999.

Profitability. Borrower shall have a minimum net profit of One Dollar ($1.00) for each fiscal quarter, except that Borrower may suffer incur losses not to exceed the following amounts for the following quartersexceed: (i) Six Million Dollars ($6,000,000) for the fiscal quarter ending June 30, 1997, (ii) One Two Million Five Hundred Thousand Dollars ($1,500,0002,500,000) for the fiscal quarter ending September 30, 19971998; (ii) One Million Three Hundred Thousand Dollars ($1,300,000) for the fiscal quarter ending December 31, and 1998; (iii) Five Hundred Thousand Dollars ($500,000) for the fiscal quarter ending December March 31, 19971999; and (iv) profitable on a Net Profit After Tax Basis for the fiscal quarter ending June 30, 1999 and for each fiscal quarter ending thereafter.

Profitability. Borrower shall have not suffer a minimum net profit loss in excess of One Dollar ($1.00) for each fiscal quarter, except that Borrower may suffer losses not to exceed the following amounts 1,550,000 for the following quarters: (i) Six Million Dollars (fiscal quarter ending March 31, 1998, a loss in excess of $6,000,000) 1,500,000 for the fiscal quarter ending June 30, 19971998, (ii) One Million Five Hundred Thousand Dollars (a loss in excess of $1,500,000) 100,000 for the fiscal quarter ending September 30, 19971998, and (iii) Five Hundred Thousand Dollars (or a loss in excess of $500,000) 2,000,000 for the fiscal quarter ending December 31, 19971998. Borrower shall be profitable for each fiscal quarter thereafter.

Profitability. Borrower shall have a minimum net profit of One Dollar ($1.00) for each fiscal quarter; provided, except however, that Borrower may suffer sustain losses not to exceed the following amounts for the following quarters: (i) Six exceeding Two Million Seven Hundred Fifty Thousand Dollars ($6,000,0002,750,000) for the fiscal quarter ending June September 30, 19971996, (ii) One and losses of not more than Two Million Five Hundred Thousand Dollars ($1,500,0002,500,000) for the fiscal quarter ending September 30, 1997, and (iii) Five Hundred Thousand Dollars ($500,000) for the fiscal quarter ending December 31, 19971996.

Profitability. Borrower shall have a minimum net profit of One Dollar ($1.00) for each fiscal quarter, except that Borrower may suffer incur losses not to exceed the following amounts for the following quartersexceed: (i) Six Million Dollars ($6,000,000) for the fiscal quarter ending June 30, 1997, (ii) One Million Five Hundred Thousand Dollars ($1,500,000) 3,800,000 for the fiscal quarter ending September 30, 1997, and ; (iiiii) Five Hundred Thousand Dollars ($500,000) 2,600,000 for the fiscal quarter ending December 31, 1997; (iii) $1,500,000 for the fiscal quarter ending March 31, 1998; and (iv) $300,000 for the fiscal quarter ending June 30, 1998.

Profitability. Borrower shall have a minimum net profit of One Dollar ($1.00) for each fiscal quarter, except that Borrower may suffer incur losses not to exceed the following amounts for the following quartersexceed: (i) Six Two Million Dollars dollars ($6,000,0002,000,000) for the fiscal quarter ending June 30, 1997, ; (ii) One Million Five Hundred Thousand Dollars ($1,500,000) for the fiscal quarter ending September 30, 1997, ; and (iii) Five Nine Hundred Fifty Thousand Dollars ($500,000950,000) for the fiscal quarter ending December 31, 1997. Borrower and Bank agree to establish maximum quarterly loss covenants for fiscal year 1998 by March 15, 1998. Such covenants will be established to the mutual satisfaction of both parties.

Profitability. Borrower shall have a minimum net profit of One Dollar ($1.00) for each fiscal quarter, except that Borrower may suffer incur losses not to exceed the following amounts for the following quartersexceed: (i) Six Million Dollars $1,500,000 for the fiscal quarter ending September 30, 1998; (ii) $6,000,0001,000,000 for the fiscal quarter ending December 31, 1998; (iii) $1,000,000 for the fiscal quarter ending March 31, 1999; or (iv) $500,000 for the fiscal quarter ending June 30, 1997, (ii) One Million Five Hundred Thousand Dollars (1999. Borrower shall have a net profit of at least $1,500,000) 1 for the each fiscal quarter ending September 30, 1997, and (iii) Five Hundred Thousand Dollars ($500,000) for the fiscal quarter ending December 31, 1997thereafter.

Profitability. Borrower shall have will achieve a minimum net profit profitability of One Dollar ($1.00) for 1 each fiscal quarter, except that Borrower may suffer losses not to exceed the following amounts $2,500,000 for the following quarters: (i) Six Million Dollars (quarter ended December 31, 1998; $6,000,000) 3,000,000 for the fiscal quarter ending March 31, 1999; $2,750,000 for the quarter ending June 30, 1997, (ii) One Million Five Hundred Thousand Dollars (1999; $1,500,000) 2,800,000 for the fiscal quarter ending September 30, 1997, 1999; and (iii) Five Hundred Thousand Dollars ($500,000) 1,000,000 for the fiscal quarter ending December 31, 19971999.