EBITDA Covenant. Section 8.19 of the Credit Agreement shall be deleted in its entirety and replaced with the following:
EBITDA Covenant. Section 6.9 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
EBITDA Covenant. Borrowers shall maintain EBITDA for each period set forth below of at least the amount set forth opposite such period: Period Amount ------ ------ Six (6) months ended June 30, 2004 ($100,000) Nine (9) months ended September 30, 2004 $550,000 Twelve (12) months ended December 31, 2004 $1,950,000 Twelve (12) months ended March 31, 2005 and the twelve (12) $2,750,000 months ended on the last day of each calendar quarter thereafter
EBITDA Covenant. Clause (iii) of Section 6.8 of the Credit Agreement shall be and is amended as of the Second Amendment Effective Date to read in its entirety as follows:
EBITDA Covenant. During the Waiver Period, Section 8.1 of the Credit Agreement is hereby amended as set forth below so that the Borrower shall not permit Operating EBITDA as of the last day of each of the fiscal periods set forth below to be less than the amount set forth below:
EBITDA Covenant. EBITDA (Operating Income plus Depreciation and Amortization), on a rolling 3 months, calculated monthly must be greater than or equal to the following: for the months January 1997 through and including May 1997 the covenant is not required; thereafter the requirement will be $500,000. The effective date is January 31, 1997.
EBITDA Covenant. SI shall have EBITDA of at least $1,440,000 for the nine-month period ending April 30, 2004, and EBITDA of at least $2,450,000 for the twelve-month period ending July 31, 2004.
EBITDA Covenant. Jun-02 5,991 -------------------------- Jul-02 (6,767) -------------------------- Aug-02 (10,624) -------------------------- Sep-02 (10,425) -------------------------- Oct-02 (9,719) -------------------------- Nov-02 (10,587) -------------------------- Dec-02 (8,434) -------------------------- Jan-03 (6,440) -------------------------- Feb-03 (4,515) -------------------------- Mar-03 (1,852) -------------------------- Apr-03 2,641 -------------------------- May-03 5,421 -------------------------- Jun-03 11,960 -------------------------- Jul-03 21,589 -------------------------- Aug-03 25,344 -------------------------- X0 0000 33,171 -------------------------- X0 0000 40,723 -------------------------- X0 0000 41,791 -------------------------- X0 0000 43,367 -------------------------- X0 0000 49,021 -------------------------- X0 0000 54,787 -------------------------- X0 0000 61,400 -------------------------- X0 0000 69,095 -------------------------- X0 0000 72,058 -------------------------- X0 0000 77,154 -------------------------- X0 0000 78,386 -------------------------- X0 0000 75,605 -------------------------- X0 0000 80,179 -------------------------- X0 0000 84,752 -------------------------- X0 0000 89,326 -------------------------- Q4 2007 93,899 --------------------------
EBITDA Covenant. From and after the Forbearance Effective Date, the Borrower shall not, as of the last day of each calendar month set forth below, permit Consolidated EBITDA to be less than the amount set forth opposite each such calendar month: August 2009 $ 360,000 September 2009 $ 3,630,000 October 2009 $ 4,810,000 November 2009 $ 7,210,000 December 2009 and thereafter $ 14,390,000 The Borrower shall report compliance as of each calendar month with such Consolidated EBITDA covenant by close of business on or before the thirtieth (30th) day following such calendar month.
EBITDA Covenant. On or before January 17, 2003, Borrower will provide Lender, in form acceptable to Lender, Borrower’s forecast of its projected income and expenses for the 2003 calendar year and such additional information as may be requested by Lender, from which there must be prepared and executed, on or prior to February 1, 2003, an EBITDA covenant in form and substance acceptable to Lender. When executed, the EBITDA covenant will be substituted in place and stead of the Modified Adjusted Tangible Net Worth covenant contained in paragraph 9.17 of the Loan Agreement. Failure to timely execute and deliver the EBITDA covenant shall constitute an Event of Default under this Loan Agreement.
