Maintenance of Consolidated EBITDA. (a) The Company shall not permit the sum of (i) Consolidated EBITDA for any period of four consecutive fiscal quarters ending on any 3 2 date set forth below plus (ii) the Aggregate EBITDA Adjustment Amount as of such date to be less than the amount set forth opposite such date: Date Amount ---- ----------- June 30, 1997 $35,000,000 September 29, 1997 35,500,000 December 29, 1997 36,000,000 March 30, 1998 36,500,000 June 29, 1998 37,000,000
Maintenance of Consolidated EBITDA. The Indenture requires the Company to maintain Consolidated EBITDA (subject to certain adjustments) for certain periods specified therein at the levels specified therein."
Maintenance of Consolidated EBITDA. Permit Consolidated EBITDA of Holdings (i) for any of the three-, six- and nine-month periods ending at the end of the first, second and third full calendar quarters following the Closing Date to be less than the amount set forth below for such calendar quarters for 1997, and (ii) thereafter (commencing with the four consecutive calendar quarters ending on December 31, 1997), for any period of four consecutive calendar quarters ending at the end of the calendar quarters set forth below to be less than the amount set forth opposite such calendar quarter below: Calendar Quarter Amount ---------------- ------ 1997 2nd 37,000,000 3rd 79,000,000 4th 124,000,000 1998 1st 150,000,000 2nd 155,000,000 3rd 165,000,000 4th 175,000,000 1999 1st 180,000,000 2nd 182,500,000 3rd 185,000,000 4th 190,000,000 105 99 Calendar Quarter Amount ---------------- ------ 2000 1st 192,500,000 2nd 195,000,000 3rd 200,000,000 4th 205,000,000 2001 1st 207,500,000 2nd 210,000,000 3rd 215,000,000 4th 220,000,000 2002 1st 222,500,000 2nd 225,000,000 3rd 230,000,000 4th 235,000,000 2003 1st 237,500,000 2nd 240,000,000 3rd 245,000,000 4th 250,000,000 2004 1st 250,000,000 2nd 250,000,000 3rd 250,000,000 4th 250,000,000
Maintenance of Consolidated EBITDA. Permit Consolidated EBITDA of the Borrower and its Subsidiaries for the period of four consecutive fiscal quarters ending on the last day of each of the fiscal quarters set forth below to be less than the amount set forth opposite such fiscal quarter below: Quarter Ending Amount -------------- ----------- 1998 March 31 $28,000,000 June 30 30,000,000 September 30 32,500,000 December 31 35,000,000 1999 March 31 37,500,000 June 30 40,000,000 September 30 45,000,000 December 31 47,500,000 2000 March 31 50,000,000 June 30 52,500,000 September 30 and each quarter thereafter 55,000,000
Maintenance of Consolidated EBITDA. Permit Consolidated EBITDA of Holdings for any period of four consecutive calendar quarters ending at the end of the calendar quarters set forth below to be less than the amount set forth opposite such calendar quarter below: Calendar Quarter Amount ---------------- ------ 1997 4th $124,000,000 1998 1st 150,000,000 2nd 162,000,000 3rd 179,000,000 4th 191,000,000 1999 1st 200,000,000 2nd 210,000,000 3rd 220,000,000 4th 230,000,000 2000 1st 235,000,000 2nd 240,000,000 3rd 250,000,000 4th 260,000,000 2001 1st 265,000,000 2nd 270,000,000
Maintenance of Consolidated EBITDA. Permit Consolidated EBITDA of the Borrower for any period of four consecutive calendar quarters ending at the end of the calendar quarters set forth below to be less than the amount set forth opposite such calendar quarter below: Calendar Quarter Amount ----------------- ------------ 2002 4th $63,600,000 2003 1st $70,000,000 2nd $75,000,000 3rd $80,000,000 4th $85,000,000 2004 1st $100,000,000 2nd $105,000,000 3rd $110,000,000 4th $130,000,000 2005 1st $152,900,000 2nd $156,500,000 3rd $159,900,000 4th $163,700,000 2006 1st $166,600,000 2nd $169,700,000 3rd $172,700,000 4th $175,900,000 2007 1st $178,000,000 2nd $180,200,000 3rd $182,400,000 4th $184,700,000 2008 1st $186,900,000 2nd $189,200,000
Maintenance of Consolidated EBITDA. Permit the Consolidated EBITDA for the Parent Borrower for any period of four consecutive fiscal quarters ending on the last day of any fiscal quarter, commencing with the fiscal quarter ending on September 30, 2000, to be less than the amount set forth below opposite such period in Table A, if the Mentor Sale has not been consummated on or before such last day of the fiscal quarter, or in Table B, if the Mentor Sale has been consummated on or before such last day of the fiscal quarter: Table A ------- Fiscal Quarter Ending Dates Ratio --------------------------- ----- September 30, 2000, through December 30, 2000 $200,000,000 December 31, 2001, through March 30, 2001 $205,000,000 March 31, 2001, through June 29, 2001 $207,500,000 June 30, 2001, through September 29, 2001 $212,500,000 September 30, 2001, through March 31, 2002 $217,500,000 April 1, 2002, through March 31, 2003 $225,000,000 April 1, 2003, through March 31, 2004 $235,000,000 April 1, 2004, through March 31, 2005 $245,000,000 April 1, 2005, and thereafter $260,000,000 Table B ------- Fiscal Quarter Ending Dates Ratio --------------------------- ----- September 30, 2000, through December 30, 2000 $180,000,000 December 31, 2001, through March 30, 2001 $182,500,000 March 31, 2001, through June 29, 2001 $185,000,000 June 30, 2001, through September 29, 2001 $190,000,000 September 30, 2001, through March 31, 2002 $195,000,000 April 1, 2002, through March 31, 2003 $200,000,000 April 1, 2003, through March 31, 2004 $210,000,000 April 1, 2004, through March 31, 2005 $220,000,000 April 1, 2005, and thereafter $230,000,000
Maintenance of Consolidated EBITDA. The Borrower will not permit Consolidated EBITDA for the Borrower and its Subsidiaries calculated as of the last day of each fiscal quarter of Borrower set forth below for the four fiscal quarters then ended to be less than the amount set forth opposite each such fiscal quarter. Consolidated EBITDA of the Borrower and its Subsidiaries for the fiscal quarters ending in June 1995 and September 1995 shall be deemed to be $6,300,000 for each such quarter. Consolidated EBITDA for the four fiscal quarters ending in December 1995 shall be calculated using the deemed amounts of Consolidated EBITDA for the quarters ending in June 1995 and September 1995 and the actual amount of Consolidated EBITDA for the fiscal quarter ending in December 1995 multiplied by two. Quarter Ending Amount 1995 December 20,000,000 1996 March 20,800,000 June 21,800,000 September 22,300,000 December 22,850,000 1997 March 23,400,000 June 23,950,000 September 24,500,000 December 25,000,000 1998 March 25,500,000 June 26,000,000 September 26,500,000 December 27,125,000 1999 March 27,750,000 June 28,375,000 September 29,000,000 December 29,625,000 2000 March 30,250,000 June 30,875,000 September 31,500,000
Maintenance of Consolidated EBITDA. For so long as the Notes remain outstanding, on the last day of each fiscal quarter of the Company (beginning on the last day of the first fiscal quarter of the Company ending after the Issue Date), the Consolidated EBITDA of the Company during the four consecutive full fiscal quarters of the Company ending as of such date shall not be less than $23.0 million.
Maintenance of Consolidated EBITDA. Permit Consolidated EBITDA for any twelve-month period ending on the last day of each month during the periods set forth below to be less than the following amounts during the following periods: Period Amount ------ ------ Closing Date through December 31, 1997 $ 6,300,000 January 1, 1998 through September 30, 1998 6,300,000 -58- September 30, 1998 through November 30, 1998 8,000,000 November 30, 1998 through December 31, 1998 9,000,000 January 1, 1999 through September 30, 1999 9,000,000 September 30, 1999 through November 30, 1999 10,000,000 November 30, 1999 through December 31, 1999 11,000,000 January 1, 2000 through September 30, 2000 11,000,000 September 30, 2000 through November 30, 2000 11,750,000 November 30, 2000 through December 31, 2000 12,500,000 January 1, 2001 through September 30, 2001 12,500,000 October 1, 2001 through November 30, 2001 13,250,000 November 30, 2001 through December 31, 2001 14,000,000
