Maximum EBITDA Loss. Minimum EBITDA. Measured monthly, beginning with the reporting period ended January 31, 2012, Borrowers’ consolidated EBITDA loss shall not exceed the following amounts for the respective periods: Tested on a Rolling: Period Ended Maximum EBITDA Loss 1 month basis 1/31/2012 ($ 300,000 ) 2 month basis 2/29/2012 ($ 380,000 ) 3 month basis 3/31/2012 ($ 590,000 ) 3 month basis 4/30/2012 ($ 595,000 ) 3 month basis 5/31/2012 ($ 630,000 ) 3 month basis 6/30/2012 ($ 505,000 ) 3 month basis 7/31/2012 ($ 171,000 ) 3 month basis 8/31/2012 ($ 268,000 ) 3 month basis 9/30/2012 ($ 120,000 ) 3 month basis 10/31/2012 ($ 145,000 ) 3 month basis 11/30/2012 $ 250,000 3 month basis 12/31/2012 $ 250,000 EBITDA levels for reporting periods following December 31, 2012 will be set by Bank based upon the board approved, fully-funded operating plan to be provided by Borrower pursuant to Section 6.2(viii).
Maximum EBITDA Loss. The cumulative maximum EBITDA loss for each of the following periods shall not exceed the following: (i) ($25,000,000.00) during the period from January 1, 2011 through September 30, 2011; and (ii) ($15,000,000.00) during the period from and after October 1, 2011. The cumulative maximum EBITDA loss shall be measured monthly.” and inserting in lieu thereof the following:
Maximum EBITDA Loss. Minimum EBITDA. Measured monthly, beginning with the reporting period ended January 31, 2012, Borrowers’ consolidated EBITDA loss shall not exceed the following amounts for the respective periods: Tested on a Rolling: Period Ended Maximum EBITDA Loss 3 month basis November 30, 2012 ($ 750,000 ) 3 month basis December 31, 2012 ($ 2,100,000 ) EBITDA levels for reporting periods following December 31, 2012 will be set by Bank based upon the board approved, fully-funded operating plan to be provided by Borrower pursuant to Section 6.2(viii).
Maximum EBITDA Loss. Reported as of the last day of each quarter, the cumulative maximum EBITDA loss for each of the following periods shall not exceed the following: (i) [***] Dollars ($[***]) for the quarter ending March 31, 2013; (ii) [***] Dollars ($[***]) for the six-month period ending on June 30, 2013; (iii) [***] Dollars ($[***]) for the nine-month period ending on September 30, 2013; and (iv) [***] Dollars ($[***]) for the twelve-month period ending on December 31, 2013.”
Maximum EBITDA Loss. Maintain, measured as of the end of each fiscal quarter during the following periods, EBITDA losses not to exceed as follows: Period Maximum EBITDA Loss Fiscal Quarter ending January 31, 2008 $ 2,800,000 Fiscal Quarter ending April 30, 2008 $ 3.600,000 Fiscal Quarter ending July 31, 2008 $ 2,800,000 Fiscal Quarter ending October 31, 2008 $ 1,800,000
Maximum EBITDA Loss. The cumulative maximum EBITDA loss during the period from October 1, 2008 through December 31, 2009 shall not exceed ($2,500,000.00).
Maximum EBITDA Loss. The cumulative maximum EBITDA loss for each quarterly period shall not exceed the following: (i) ($4,700,000.00) during the period from January 1, 2010 through March 31, 2010; (ii) ($7,000,000.00) during the period from April 1, 2010 through June 30, 2010; (iii) ($6,000,000.00) during the period from July 1, 2010 through September 30, 2010; (iv) ($3,000,000.00) during the period from October 1, 2010 through December 31, 2010; (v) ($2,500,000.00) during the period from January 1, 2011 through March 31, 2011; (vi) ($1,000,000.00) during the period from April 1, 2011 through June 30, 2011; and (vii) $0.00 from and after July 1, 2011.”
Maximum EBITDA Loss. Commencing the quarter ending June 30, 2018 and as of the last day of each quarter thereafter, Borrower’s consolidated EBITDA losses measured on a trailing three (3) month basis shall not be greater than negative Two Hundred Fifty Thousand Dollars (-$250,000).
Maximum EBITDA Loss. Tested as of the last day of each quarter through the quarter ending December 31, 2019, Borrower’s consolidated EBITDA losses measured on a trailing three (3) month basis shall not be greater than negative Two Hundred Fifty Thousand Dollars (-$250,000). Commencing with the quarter ending March 31, 2020 and as of the last day of each quarter thereafter, the maximum EBITDA loss or minimum EBITDA covenant set forth in this Section 6.7(d) shall be determined by the Required Lenders based on Trupanion’s annual financial projections approved by Trupanion’s Board of Directors and delivered to Administrative Agent.
Maximum EBITDA Loss. Minimum EBITDA. Measured monthly and calculated on a trailing three-months basis, Borrowers’ consolidated EBITDA loss shall not exceed the amounts set forth in the table immediately below for the corresponding reporting periods. Reporting Period Ending Maximum EBITDA Loss September 30, 2014 ($6,275,000) October 31, 2014 ($6,090,000) November 30, 2014 ($5,400,000) December 31, 2014 ($5,139,000) EBITDA levels for subsequent reporting periods will be set by Bank based upon the board approved, fully-funded operating plan to be provided by Borrowers pursuant to Section 6.2(viii).
