Quarterly Net Income Sample Clauses

Quarterly Net Income. For each fiscal quarter of Borrower, earn Net Income of not less than $4,000,000.
Sample 1Sample 2Sample 3
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Quarterly Net Income. Permit the net income of the Company for any fiscal quarter ended after the date hereof to be less than zero.
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Quarterly Net Income. For the purposes of calculating Borrowers’ Minimum Quarterly Net Income set forth in Section 8.2 of the Loan Agreement, for Borrowers’ fiscal quarters ending June 30, 2007 and September 30, 2007 only, the definition of Net Income shall not include (i) non-cash adjustments required pursuant to FAS 123R expenses related to options and warrants and other non-cash expenses and (ii) acquisition related transactional expenses.
Sample 1
Quarterly Net Income. The Borrower will not permit Consolidated Net Income (or Deficit) (a) for any single fiscal quarter to be greater than ($7,500,000) and (b) for any two (2) consecutive fiscal quarters to be greater than ($10,000,000).
Sample 1
Quarterly Net Income. Quarterly net income before taxes of not less than 70% of that approved plan by the Borrower's Board of Directors as attached hereto by Borrower as Schedule I (to be tested on a quarterly basis).
Sample 1
Quarterly Net Income. Borrower's net income, calculated in accordance with GAAP for each calendar quarter beginning with the calendar quarter ending March 31, 2002, shall be not less than $50,000.00.
Sample 1
Quarterly Net Income. Maintain, on a consolidated basis, net income of at least ($1,000,000) for the quarter ending March 31, 2000; ($1,500,000) for the six months ending June 30, 2000; ($1,500,000) for the nine months ending September 30, 2000; and $750,000 for the quarter ending December 31, 2000, and for each quarter thereafter.
Sample 1
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Quarterly Net Income. The Borrower shall have not less than $1.00 of Consolidated Net Income, as determined for and as at the end of each Fiscal Quarter (commencing with the Fiscal Quarter ending on March 31, 2003).
Sample 1
Quarterly Net Income. Permit the net income of BNC for any fiscal quarter, beginning with the quarter ending June 1999, to be less than zero.
Sample 1

Related to Quarterly Net Income

  • Net Income After giving effect to the special allocations set forth in Section 6.1(d), Net Income for each taxable year and all items of income, gain, loss and deduction taken into account in computing Net Income for such taxable year shall be allocated as follows:

  • Minimum Net Income The Borrower will maintain, during each period described below, its Net Income, determined as at the end of each quarter, at an amount not less than the amount set forth opposite such period (numbers appearing between “( )” are negative): Period Minimum Net Income Six months ending June 30, 2002 ($1,049,000) Nine months ending Sept. 30, 2002 ($665,000) Twelve months ending Dec. 31, 2002 ($600,000) "

  • Consolidated Net Income The consolidated net income of the Borrowers after deduction of all expenses, taxes, and other proper charges, determined in accordance with GAAP.

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • Quarterly Bonus The Employee shall be eligible to be paid a quarterly bonus earned in accordance with the terms set forth on Exhibit 3.2.

  • Interest Expense For any period with respect to Parent Borrower and its Subsidiaries, without duplication, (a) interest (whether accrued or paid) actually payable (without duplication), excluding non-cash interest expense but including capitalized interest not funded under a construction loan, together with the interest portion of payments actually payable on Capitalized Leases, plus (b) Parent Borrower’s and its respective Subsidiaries’ Equity Percentage of Interest Expense of their Unconsolidated Affiliates for such period.

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of REIT and its Subsidiaries for such period determined on a Consolidated basis.

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