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Adjusted EBITDA Sample Clauses

Adjusted EBITDA. The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.
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Adjusted EBITDA. Maintain on a consolidated basis with respect to Borrower and its Subsidiaries, to be tested as of the last day of each calendar quarter, Adjusted EBITDA for the following periods of at least: (i) ($6,400,000.00) for the three (3) month period ending September 30, 2017, (ii) $2,100,000.00 for the six (6) month period ending December 31, 2017, (iii) $600.00 for the nine (9) month period ending on March 31, 2018, (iv) $6,600,000.00 for the twelve (12) month period ending June 30, 2018 and (v) $9,000,000.00 for the twelve (12) month period ending September 30, 2018. With respect to any period ending after September 30, 2018, Bank will set the Adjusted EBITDA covenant levels for any such period in its sole discretion based upon, among other factors, budgets, sales projections, operating plans and other financial information with respect to Borrower that Bank deems relevant, including, without limitation, Borrower’s annual financial projections approved by the Board. Without limiting Bank’s ability to set covenant levels in its reasonable discretion, Borrower hereby acknowledges that the required Adjusted EBITDA for any trailing twelve (12) month period ending after September 30, 2018 shall in no event be less than Five Million Dollars ($5,000,000.00). With respect thereto: (i) Borrower’s failure to agree in writing (which agreement shall be set forth in a written amendment to this Agreement) on or before April 30, 2018 to any covenant levels proposed by Bank with respect to the period from October 1, 2018 through and including December 31, 2018 shall result in the Revolving Line Maturity Date being automatically accelerated to April 30, 2018; and (ii) Borrower’s failure to agree in writing (which agreement shall be set forth in a written amendment to this Agreement) on or before April 30, 2019 to any covenant levels proposed by Bank with respect to the 2019 calendar year shall result in the Revolving Line Maturity Date being automatically accelerated to April 30, 2019.
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Adjusted EBITDA. On any date of determination, with respect to any Stabilized Property owned by Parent Borrower or any of its Subsidiaries, the sum of (a) EBITDA for the prior fiscal quarter most recently ended, multiplied by four (4), less (b) the Capital Reserve.
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Adjusted EBITDA. On any date of determination, the sum of (1) the EBITDA for the prior fiscal quarter most recently ended, multiplied by four (4), less (b) the Capital Reserve.
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Adjusted EBITDA. EBITDA (with adjustments mutually acceptable by Agent and Administrative Borrower) (“Adjusted EBITDA”), for the 12 month period ending December 31, 2014 shall not be less than $60,000,000.
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Adjusted EBITDA. The adjustments to calculate Adjusted EBITDA, as set forth in the documents incorporated by reference in each of the Registration Statement, the Pricing Disclosure Package and the Prospectus comply with Item 10(e) of Regulation S-K of the Commission and the interpretations of the Staff of the Commission thereunder.
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Adjusted EBITDA. Maintain, measured as of the end of each fiscal quarter during the following periods on a trailing three month basis, Adjusted EBITDA of at least the following: March 31, 2011 ($300,000) June 30, 2011 through and including September 30, 2011 $500,000 December 31, 2011 $100,000 March 31, 2012, and each trailing three month period ending thereafter The greater of (i) forty percent (40%) of forecasted Adjusted EBITDA per the board approved projections; or (b) $100,000” 8 The Loan Agreement shall be amended by deleting the following text appearing as Section 8.1 thereof:
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Adjusted EBITDA. Borrower’s Adjusted EBITDA, calculated on a trailing twelve (12) month basis as of the last day of each calendar quarter beginning with the calendar quarter ending June 30, 2010, shall not be less than $3,100,000.00.”
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Adjusted EBITDA. The Audit Committee of the Board will determine the Company’s adjusted EBITDA after reviewing the Company’s audited financial statements for the applicable year. As a general matter, adjusted EBITDA will exclude the impact of equity puts by partnership parks, acquisitions and dispositions and other one-time or extraordinary events. Form · Form. 100% of the value of the Project 350 Award will be granted in the form of restricted stock units.
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Adjusted EBITDA. The Company’s Adjusted EBITDA for the Performance Period will determine the extent to which 50% of the target number of Performance Units are earned. Below Threshold Performance 0 % Threshold Performance 40 % Target Performance 100 % Maximum Performance or Above 200 % The percentage of target Performance Units earned for Adjusted EBITDA between Threshold Performance (40%) and Maximum Performance (200%) will be determined by linear interpolation.
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