ADJUSTMENTS TO MINIMUM CONSOLIDATED ADJUSTED EBITDA Sample Clauses

ADJUSTMENTS TO MINIMUM CONSOLIDATED ADJUSTED EBITDA. Upon consummation of (x) the disposition of the assets or business of the Borrower assigned the code name “Rockford” and/or (y) the disposition of the assets or business of the Borrower assigned the code name “Xxxxxx” (each such disposition, an “Applicable Disposition”; and the assets or business so disposed, each a “Disposed Business”), the amounts set forth in the table in Section 5.03(a) (the “Covenant EBITDA Amounts”) for the period in which such Applicable Disposition occurs and for each subsequent period shall be adjusted in accordance with the following principles: • The Adjusted EBITDA projected to be generated by such Disposed Business during the fiscal month in which such Applicable Disposition occurs and during each subsequent month, as adjusted to reflect the covenant cushion for each such month set forth in the financial model dated January 29, 2013 posted to the private-side Lenders on February 4, 2013 (the “Model”), shall be removed from the projected consolidated monthly Adjusted EBITDA set forth in the Model. The adjustment for the fiscal month in which the Applicable Disposition occurs shall be made on a pro rata basis so that the adjustment shall be made only with respect to the period of time following the date of disposition (e.g., if the Applicable Disposition occurs on the 15th of such month, the adjustment described in the preceding sentence for such month shall be multiplied by 50% (to reflect the fact that the Disposed Business was owned for one-half of such month), and if Applicable Disposition occurs on the 20th of such month, the adjustment described in the preceding sentence for such month shall be multiplied by 33% (to reflect the fact that the Disposed Business was owned for two-thirds of such month). • Additional expenses in an amount equal to (x) $3.5 million per fiscal month (if the Disposed Business is Rockford) or (y) $2.0 million per fiscal month (if the Disposed Business is Xxxxxx) shall be added into the Model (without any “cushion”), to reflect the “stranded cost factor” associated with the applicable Disposed Business. With respect to the fiscal month in which the Applicable Disposition occurs, such expenses shall be added on a pro rata basis in the manner described in the last sentence of the preceding bullet point. • The Covenant EBITDA Amounts for each applicable period shall be modified by the sum of the adjustments to projected consolidated monthly EBITDA described in the preceding two bullet points for such p...
Sample 1

Related to ADJUSTMENTS TO MINIMUM CONSOLIDATED ADJUSTED EBITDA

  • Minimum Consolidated EBITDA Parent will not permit Consolidated EBITDA for any Test Period ended on the last day of a fiscal quarter described below to be less than the respective amount set forth opposite such period below: Fiscal Quarter Ended Closest to Amount --------------- -------- June 30, 1999 $32,000,000 September 30, 1999 $35,500,000 December 31, 1999 $37,000,000 March 31, 2000 $38,000,000 June 30, 2000 $39,000,000 September 30, 2000 $41,000,000 December 31, 2000 $42,000,000 March 31, 2001 $43,000,000 June 30, 2001 $43,500,000 September 30, 2001 $44,000,000 December 31, 2001 $44,500,000 March 31, 2002 $45,000,000 June 30, 2002 $45,500,000 September 30, 2002 $46,000,000 December 31, 2002 $46,500,000 March 31, 2003 $47,000,000 June 30, 2003 $47,500,000 September 30, 2003 $48,000,000 December 31, 2003 $48,500,000 March 31, 2004 $49,000,000 June 30, 2004 $49,500,000 September 30, 2004 $50,000,000 December 31, 2004 $50,500,000 March 31, 2005 $51,000,000

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Minimum Consolidated Net Worth The Borrower will not permit its Consolidated Net Worth at any time to be less than the sum of (i) $250,000,000 plus (ii) thirty percent (30%) of the sum of the Consolidated Net Income of the Borrower (with any consolidated net loss during any fiscal quarter counting as zero) for each fiscal quarter of the Borrower commencing with the fiscal quarter of the Borrower ending June 30, 1997.

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Minimum Consolidated Fixed Charge Coverage Ratio Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 2.5 to 1.0.

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

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (i) Current Liabilities minus the current portion of Deferred Revenue of at least 1.15 to 1.00.