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. (a) The Company shall not permit the sum of (i) Consolidated EBITDA for any period of four consecutive fiscal quarters ending on any 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 ---- ---------- December 30, 1996 $33,000,000 March 31, 1997 34,000,000
Maintenance of Consolidated EBITDA. Permit for any period of four consecutive fiscal quarters ending on any fiscal quarter set forth below the Consolidated EBITDA for the Borrower to be less than the amount set forth below opposite the applicable fiscal quarter or fiscal year: Consolidated Fiscal Year Ending EBITDA ------------------ ------------ December 31, 1996 $22,000,000 March 31, 1997 23,000,000 June 30, 1997 24,000,000 September 30, 1997 25,000,000 December 31, 1997 26,000,000 March 31, 1998 27,000,000 June 30, 1998 28,500,000 September 30, 1998 31,000,000 December 31, 1998 33,000,000 March 31, 1999 34,500,000 June 30, 1999 35,500,000 September 30, 1999 36,000,000 December 31, 1999 36,500,000 March 31, 2000 36,500,000 June 30, 2000 37,000,000 September 30, 2000 37,500,000 December 31, 2000 38,000,000 March 31, 2001 38,000,000 June 30, 2001 38,500,000 September 30, 2001 38,500,000 December 31, 2001 39,000,000 March 31, 200 39,500,000 June 30, 2002 40,000,000 September 30, 2002 40,500,000 December 31, 2002 40,500,000 March 31, 2003 41,000,000 June 30, 2003 41,000,000 September 30, 2003 41,500,000
(d) Amendment to Subsection 8.1(c). Subsection 8.1(c) of the Credit Agreement is hereby amended by deleting the ratio set forth therein opposite each date set forth below and inserting in place thereof the ratio set forth opposite such date below: Fiscal Quarter Ending Leverage Ratio --------------------- -------------- December 31, 1996 8.40 to 1.00 March 31, 1997 8.20 to 1.00 June 30, 1997 8.00 to 1.00 Fiscal Quarter Ending Leverage Ratio --------------------- --------------- September 30, 1997 7.40 to 1.00 December 31, 1997 7.15 to 1.00 March 31, 1998 7.00 to 1.00 June 30, 1998 6.60 to 1.00 September 30, 1998 5.80 to 1.00 December 31, 1998 5.40 to 1.00 March 31, 1999 5.25 to 1.00 June 30, 1999 5.00 to 1.00 September 30, 1999 4.75 to 1.00 December 31, 1999 4.60 to 1.00 March 31, 2000 4.60 to 1.00 June 30, 2000 4.45 to 1.00 September 30, 2000 4.10 to 1.00 December 31, 2000 4.00 to 1.00 March 31, 2001 4.00 to 1.00 June 30, 2001 3.85 to 1.00 September 30, 2001 3.60 to 1.00 December 31, 2001 3.40 to 1.00 March 31, 2002 3.40 to 1.00 June 30, 2002 3.20 to 1.00 September 30, 2002 2.90 to 1.00 December 31, 2002 2.80 to 1.00 March 31, 2003 2.80 to 1.00 June 30, 2003 2.70 to 1.00 September 30, 2003 2.50 to 1.00
(e) Amendment to Subsection 8.1(e). Subsection 8.1(e) of the Credit Agreement is hereby amended by deleting the ratio set forth therein opposite each date set forth below and inserting in place ...
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 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 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 and its Subsidiaries (i) for the period commencing on April 1, 1996 and ending at the end of the fourth calendar quarter for 1996 to be less than the amount set forth below for such calendar quarter and (ii) thereafter (commencing with the four consecutive calendar quarters ending on March 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 ---------------- ------ 1996 4th 58,000,000 1997 1st 78,500,000 2nd 80,500,000 3rd 82,500,000 4th 84,000,000 1998 1st 86,000,000 2nd 87,500,000 3rd 90,000,000 4th 91,000,000 1999 1st 94,000,000 2nd 95,500,000 3rd 96,500,000 4th 98,500,000 2000 1st 99,500,000 2nd 100,500,000 3rd 102,000,000 4th 104,000,000 2001 1st 105,000,000 2nd 106,500,000 3rd 108,000,000 4th 109,500,000 2002 1st 111,000,000 2nd 112,500,000 3rd 114,000,000 4th 115,500,000 2003 1st 117,000,000 2nd 119,000,000 3rd 120,500,000 4th 122,000,000
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
(b) The Company shall not permit the sum of (i) Consolidated EBITDA for the period of twelve consecutive calendar months ending May 31, 1997 plus (ii) the Aggregate EBITDA Adjustment Amount as of such date to be less than $34,000,000.
(c) The Company shall not permit the sum of (i) Consolidated EBITDA for the period of two consecutive fiscal quarters ending September 23, 1996 plus (ii) 50% of the Aggregate EBITDA Adjustment Amount as of the last day of such period to be less than $14,000,000.
(d) The Company shall not permit the sum of (i) Consolidated EBITDA for any period of two consecutive fiscal quarters ending on or after June 30, 1997 plus (ii) 50% of the Aggregate EBITDA Adjustment Amount as of the last day of such period to be less than $13,000,000."
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. 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
