Minimum Adjusted EBITDA. Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.
Minimum Adjusted EBITDA. During any calendar quarter during which the sum of Borrower’s unrestricted cash and Cash Equivalents at Bank falls below the Testing Threshold at any time during such calendar quarter (each, a “Testing Quarter”), Borrower shall achieve, on a consolidated basis with respect to Borrower and its Subsidiaries, Adjusted EBITDA tested on the last day of such Testing Quarter, of not less than the amounts set forth in the chart below for the corresponding measuring period: The required minimum Adjusted EBITDA covenant levels for the measuring periods ending after December 31, 2021, shall be set by Bank based on Borrower’s projections delivered to Bank in accordance with Section 6.3(f) hereof and acceptable to Bank. The new covenant levels shall be documented in an amendment to this Agreement to be entered into on or prior to March 15, 2022. Borrower’s failure to enter into such amendment to this Agreement to reset such covenant levels on or prior to March 15, 2022 shall be an immediate and non-curable Event of Default hereunder.”
Minimum Adjusted EBITDA. Borrowers’ and their Subsidiaries’ Adjusted EBITDA, measured on a month-end basis, for the [__] month period ending _________, 201__ is $___________, which [does/does not] satisfy the minimum Adjusted EBITDA requirement set forth in Section 8 of the Credit Agreement (and copied below) for the corresponding period.
Minimum Adjusted EBITDA. Not suffer or permit the Adjusted EBITDA for Borrower and its Subsidiaries, for the three-month period ending on the last day of any fiscal quarter, commencing with the fiscal quarter ending September 30, 2020, to be less than the amount set forth in the table below opposite such date.” September 30, 2020 $ -4,000,000 December 31, 2020 $ 0 March 31, 2021 $ 0
Minimum Adjusted EBITDA. The Parent shall not permit its Adjusted EBITDA to be less than the following:
(i) for the Fiscal Quarter ending June 30, 2013, $2,500,000 measured as of the last day of the trailing three (3) month period;
(ii) for the Fiscal Quarter ending September 30, 2013, $5,000,000 measured as of the last day of the trailing six (6) month period;
(iii) for the Fiscal Quarter ending December 31, 2013, $7,500,000 measured as of the last day of the trailing nine (9) month period; and
(iv) for the Fiscal Quarter ending March 31, 2014, and for each Fiscal Quarter thereafter, $10,000,000, measured as of the last day of the trailing twelve (12) month period.
Minimum Adjusted EBITDA. The Parent and its Subsidiaries, on a consolidated basis, will be required to maintain a minimum Adjusted EBITDA which will be measured quarterly on a rolling four quarter basis as follows: Each Quarter Ending During the Period Minimum TTM Adjusted EBITDA January 1, 2011 through December 31, 2011 $ 57 million January 1, 2012 through December 31, 2012 $ 68 million January 1, 2013 through Maturity Date $ 75 million
Minimum Adjusted EBITDA. The Company shall not permit the sum of Adjusted EBITDA as of the end of any fiscal period set forth below to be less than the respective amount set forth below: Fiscal Period(s) ending on or about Amount ----------------------------------- ------ twelve months ended 12/31/02 $100,000,000 twelve months ended 1/31/03 $ 95,000,000 twelve months ended 2/28/03 $ 95,000,000 twelve months ended 3/31/03 $ 90,000,000 twelve months ended 4/30/03 $ 90,000,000 twelve months ended 5/31/03 $ 85,000,000 twelve months ended 6/30/03 $ 80,000,000 twelve months ended 7/31/03 $ 75,000,000 twelve months ended 8/31/03 $ 70,000,000 twelve months ended 9/30/03 $ 70,000,000 twelve months ended 10/31/03 $ 70,000,000 twelve months ended 11/30/03 $ 70,000,000 twelve months ended 12/31/03 $ 70,000,000 twelve months ended 1/31/04 $ 70,000,000 twelve months ended 2/29/04 $ 70,000,000 twelve months ended 3/31/04 $ 70,000,000 twelve months ended 4/30/04 $ 70,000,000 twelve months ended 5/31/04 $ 70,000,000 twelve months ended 6/30/04 $ 70,000,000 each twelve month period ended on the last day of each month thereafter $ 70,000,000
1.6 Paragraph 6N Minimum Gross Sales of the Note Agreements is amended in its entirety to read as follows:
Minimum Adjusted EBITDA. At each fiscal quarter-end set forth below, an Adjusted EBITDA in excess of the Minimum Adjusted EB1TDA set forth adjacent to such fiscal quarter-end: Fiscal Quarter-End Minimum Adjusted EBITDA ------------------ ----------------------- June 30, 2000 $1,760,000 September 30, 2000 $1,501,000 December 31, 2000 $1,494,000 From and after March 31, 2001 $1,791,000
Minimum Adjusted EBITDA. Not permit Adjusted EBITDA for any Computation Period to be less than the applicable amount set forth below for such Computation Period: July 3, 2010 $ 2,100,000 October 2, 2010 $ 2,000,000 January 1, 2011 $ 500,000 April 2, 2011 $ (600,000 ) July 2, 2011 $ 2,100,000 ”
Minimum Adjusted EBITDA. The Guarantor shall not permit its Adjusted EBITDA to be less than $10,000,000 for the Fiscal Quarter ending March 31, 2016 and for each Fiscal Quarter thereafter, measured on the last day of the applicable Fiscal Quarter on a trailing twelve (12) month basis.
