ROLLING FOUR QUARTER BASIS.
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The Borrower's consolidated Net Income for the year-to-date period ending on the
Reporting Date was $
.
4.
CAPITAL EXPENDITURES. SECTION 5(D) OF THE CREDIT AGREEMENT.
REQUIRED COVENANT: NO MORE THAN $3,000,000 IN AGGREGATE PER FISCAL YEAR, EXCEPT
FOR EXPENSES REASONABLY NECESSARY TO COMPLETE SUNTRON ACQUISITION.
AS OF THE REPORTING DATE, BORROWER'S CONSOLIDATED YEAR-TO-DATE CAPITAL
EXPENDITURES WAS $
.
5.
WORKING CAPITAL. SECTION 5(E) OF THE CREDIT AGREEMENT.
REQUIRED COVENANT: $10,000,000 AS OF THE END OF EACH FISCAL QUARTER.
AS OF THE REPORTING DATE, BORROWER'S WORKING CAPITAL WAS
$
.
ATTACHED TO ARE ALL RELEVANT FACTS IN REASONABLE DETAIL TO EVIDENCE, AND THE
COMPUTATIONS OF THE FINANCIAL COVENANTS REFERRED TO ABOVE. THESE COMPUTATIONS
WERE MADE IN ACCORDANCE WITH GAAP.
NORTECH SYSTEMS, INCORPORATED
By
Name: Richard G. Wasielewski
Its Chief Financial Officer/Treasurer
88