EBITDA Requirement Clause Samples

The EBITDA Requirement clause sets a minimum threshold for a company's earnings before interest, taxes, depreciation, and amortization (EBITDA) that must be maintained over a specified period. Typically, this clause is used in loan agreements or financial covenants, where the borrower is required to report EBITDA figures regularly and ensure they do not fall below the agreed level. By imposing this requirement, the clause helps lenders monitor the financial health and operational performance of the borrower, reducing the risk of default and ensuring the company remains financially stable.
EBITDA Requirement. From and after the date Borrower requests any Advance of the Tranche 3 Committed Amount, Borrower shall satisfy and maintain a minimum EBITDA (the “EBITDA Requirement”) equal to 75% of the EBITDA projected by Borrower pursuant to the EBITDA Projections provided by Borrower pursuant to section 6.17 for the EBITDA Projections reflecting a positive number, and 100% of the EBITDA projected by Borrower pursuant to EBITDA Projections provided by Borrower pursuant to section 6.17 for EBITDA Projections reflecting zero or a negative number, for the trailing twelve month period ending on the last day of the fiscal quarter immediately preceding the Advance request for which financial statements are available. Borrower shall provide Lender with an EBITDA Compliance Certificate in such form as mutually agreed upon by Borrower and Lender, together with such Advance request.
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EBITDA Requirement. The definition of “Consolidated EBITDA” contained in Appendix 1 to the Lease is amended and restated in its entirety as follows:
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EBITDA Requirement. On the relevant testing dates for the preceding 12-month-period in each case, the consolidated EBITDA (defined as “Consolidated EBITDA” in the US Credit Agreement) of the Guarantor and certain group companies (defined as “Restricted Subsidiaries” in the US Credit Agreement) may not fall below the value shown next to the respective period. in years 1 through 3 400,000,000 in year 4 500,000,000 beginning year 5 600,000,000
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EBITDA Requirement of the Credit Agreement is hereby amended and as so amended shall be restated in its entirety to read as follows:
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EBITDA Requirement. The definition of “Consolidated EBITDA” contained in Section 1.01 (Defined Terms) of the Credit Agreement is amended and restated in its entirety as follows:
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EBITDA Requirement. The Loan Agreement is hereby amended by adding the following provision as a new Section 7.7
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EBITDA Requirement. On or before the Closing Date, the Borrower shall furnish the Administrative Agent with evidence showing EBITDA for the Test Preparation Services Division of not less than $7,000,000 (including its allocation of its corporate overhead consistent with current practice) for the trailing twelve calendar months, measured as of the most recently reported month end of the Borrower, such evidence to be satisfactory to the Administrative Agent.
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EBITDA Requirement. The Loan Parties and their Subsidiaries shall have consolidated EBITDA of not less than $15,200,000 for the trailing twelve calendar months, measured as of March 27, 2011.
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Related to EBITDA Requirement

  • W-9 Requirement Alongside a signed copy of this Agreement, Grantee will provide Florida Housing with a properly completed Internal Revenue Service (“IRS”) Form W-9. The purpose of the W-9 form is to document the SS# or FEIN# per the IRS. Note: W-9s submitted for any other entity name other than the Grantee’s will not be accepted.

  • Coverage Minimum Requirement Commercial General Liability Insurance, including Bodily Injury, Personal Injury, Property Damage, Advertising Injury, and Medical Payments Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Automobile Liability Insurance - Any Auto Each Occurrence General Aggregate $ 1,000,000 $ 2,000,000 Professional Liability $ 1,000,000 Workers Compensation Statutory Limits Employer’s Liability $ 1,000,000

  • Minimum Requirements Consultant shall, at its expense, procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the Agreement by the Consultant, its agents, representatives, employees or subconsultants. Consultant shall also require all of its subconsultants to procure and maintain the same insurance for the duration of the Agreement. Such insurance shall meet at least the following minimum levels of coverage:

  • Service Requirement Except as otherwise provided in Section 6(e) of the Plan or Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate, and only if you have continuously provided such Service since the Grant Date of this Option.

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."