Guaranteed EBITDA Surplus Amount. Each of the Sellers, severally and not jointly, hereby guarantees, solely to the extent of its respective Percentage Interest, that for the period from July 1, 2001 through December 31, 2002 (the "Test Period"), the Actual EBITDA Surplus Amount (as hereinafter defined) of the Mandara Entities shall not be less than $2,885,580 (such amount, the "Guaranteed EBITDA Surplus Amount"). For the purposes of this Agreement, "
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Samples: Share Purchase Agreement, Share Purchase Agreement (Steiner Leisure LTD)
Guaranteed EBITDA Surplus Amount. (a) Each of the Sellers, severally and not jointly, hereby guarantees, solely to the extent of its respective Percentage Interest, that for the period from July 1, 2001 through December 31, 2002 (the "Test PeriodTEST PERIOD"), the Actual EBITDA Surplus Amount (as hereinafter defined) of the Mandara Entities shall not be less than $2,885,580 (such amount, the "Guaranteed GUARANTEED EBITDA Surplus AmountSURPLUS AMOUNT"). For the purposes of this Agreement, "
Appears in 1 contract
Guaranteed EBITDA Surplus Amount. (a) Each of the Sellers, severally and not jointly, hereby guarantees, solely to the extent of its respective Percentage Interest, that for the period from July 1, 2001 through December 31, 2002 (the "Test PeriodTEST PERIOD"), the Actual EBITDA Surplus Amount (as hereinafter defined) of the Mandara Entities shall not be less than $2,885,580 4,605,133 (such amount, the "Guaranteed GUARANTEED EBITDA Surplus AmountSURPLUS AMOUNT"). For the purposes of this Agreement, "
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Samples: Membership Interest Purchase Agreement (Steiner Leisure LTD)