EBITDA Thresholds Sample Clauses

EBITDA Thresholds of Plan ----------- 90% $27,560 $33,054 37,976 95% $29,147 $34,890 40,086 Target 100% $31,734 $36,727 42,196 105% $33,320 $38,563 44,306 110% $34,907 $40,399 46,416 115% $36,494 $42,236 48,525 120% $38,080 $44,072 50,635 Bonus Payouts: ------------- Bonus Pool $753.80 $992.50 $1,037.00 $1,112.00 % of Plan Bonus % of EBITDA Bonus % of EBITDA Bonus % of EBITDA ------------- ------- Change ------- Change ----- Change ------ ------ ------ 90% $ 450 20.0% $ 466 35.3% $ 490 39.2% 95% $ 721 18.8% $ 753 23.9% $ 801 23.8% Target 100% $ 993 18.3% $ 1,037 20.8% $ 1,112 20.3% 105% $ 1,147 16.4% $ 1,203 17.6% $ 1,287 17.0% 110% $ 1,302 15.1% $ 1,367 15.8% $ 1,463 15.1% 115% $ 1,456 14.3% $ 1,530 14.6% $ 1,638 13.9% 120% $ 1,611 13.7% $ 1,694 13.7% $ 1,814 13.0% Percentage of Incremental 9.7% 8.9% 8.3% EBITDA to be added to the Bonus Pool Schedule I Option Holder: Xxxxxxx X. Xxxxxx Existing Options: Exercise Price Vested Unvested Tranche ---------------- -------------- ------ -------- ------- $0.05 84,678.00 131,522.00 N/A Replacement Options: ------------------- Vested Options: Class A-5 Class L Tranche --------- ------- ------- 15,278.0604 1,940.0390 N\A Cash Payment on the Closing Date: $1,074,690.51 Unvested Options: Class A-5 Class L Tranche --------- ------- ------- 23,729.9070 3,013.2715 N/A
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EBITDA Thresholds. Earnout Payment Amount. Greater than or equal to $10,200,000 $ 1,700,000 Greater than or equal to $9,739,000 and up to $10,200,000 $ 1,500,000 Greater than or equal to $9,400,000 and up to $9,739,000 $ 750,000 Greater than or equal to $9,000,000 and up to $9,400,000 $ 500,000 Less than $9,000,000 $ 0
Sample 1
EBITDA Thresholds. Period EBITDA Threshold* ------ ----------------- January 1, 1998 - December 31, 1998 $700,001** January 1, 1999 - December 31, 1999 $900,001 January 1, 2000 - December 31, 2000 $1,150,001 * EBITDA shall be calculated in accordance with the terms of the Supplemental Agreement. ** Includes 1998 EBITDA for Xxxxx Xxxxxxx, Inc. through the Merger Date and EBITDA for the Company and Classic Radio Acquisition Corp. for the period beginning on the Merger Date and ending December 31, 1998, which is attributable to the business of Xxxxx Xxxxxxx, Inc. and such other business as shall be included in the EBITDA calculation for the fiscal year ending December 31, 1998 as provided in the Supplemental Agreement.
Sample 1
EBITDA Thresholds. Notwithstanding the foregoing, no claim against the Part 12 Holdback shall be paid for a Rejection Claim incurred during a particular year if the Company’s actual EBITDA meets or exceeds the forecasted EBITDA for the relevant year. For purposes of the payment of the Part 12 Holdback, the forecasted EBITDA for each year during the Part 12 Holdback period is: Jan-Dec 2011: $14,548,000 Jan-Dec 2012: $15,994,000 Jan-Dec 2013: $18,733,000 For purposes of this Agreement, EBITDA will be understood to mean the earnings of the Company before adjustments for interest, taxes, depreciation and amortization, all calculated on a GAAP basis from the Company’s regularly prepared financial statements.
Sample 1

Related to EBITDA Thresholds

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

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

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Threshold Neither the Sellers nor the Purchasers shall be required to make any indemnification payment pursuant to Section 8.1 or 8.2, respectively, until such time as the total amount of all Damages that have been directly or indirectly suffered or incurred by an Indemnified Party, or to which an Indemnified Party has or otherwise becomes subject to, exceeds $50,000 in the aggregate. At such time as the total amount of such Damages exceeds $50,000 in the aggregate, the Indemnified Party shall be entitled to be indemnified against the full amount of such Damages (and not merely the portion of such Damages exceeding $50,000).

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • 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.

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