EBITDA Covenant. Section 8.20 of the Credit Agreement is hereby 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) months ended on the last day of each calendar quarter $1,900,000 " 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. Achieve EBITDA of at least $1.9 million for the four fiscal quarters ending December 25, 2004; $2.2 million for the four fiscal quarters ending March 26, 2005; and $2.5 million at the end of each fiscal quarter thereafter on a trailing 4 fiscal quarter basis.
EBITDA Covenant. Achieve EBITDA of at least $1.6 million for the 3 fiscal quarters ended December 31, 2002 and $2.5 million at the end of each fiscal quarter thereafter on a trailing 4 fiscal quarter basis.
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. On a consolidated basis, the Borrowers shall have Consolidated EBITDA for each of the third and fourth Fiscal Quarter period ending on the dates set forth below of not less than the amounts indicated: PERIOD CONSOLIDATED EBITDA July 1, 2003 through September 30, 2003 -3,000,000 October 1, 2003 through December 31, 2003 3,000,000
EBITDA Covenant. QUARTER ENDED EBITDA QUARTER ENDED EBITDA ------------- ------ ------------- ------ pounds pounds sterling sterling '000 '000 31/03/00 85,000 30/06/00 100,000 30/09/00 110,000 31/12/00 120,000 31/03/98 19,500 30/06/98 25,000 30/09/98 30,000 31/12/98 35,000 31/03/99 45,000 30/06/99 55,000 30/09/99 65,000 31/12/99 75,000 123 122 SCHEDULE 8 BUILD MILESTONES DIAMOND CABLE COMMUNICATIONS PLC ACTUAL OFTEL/ITC MILESTONE REQUIREMENTS BY QUARTER OFTEL
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. Congress Third Amendment to Loan Documents
