Minimum Annual EBITDA Sample Clauses

Minimum Annual EBITDA. Total year-end EBITDA value of not less than $2,000,000 as measured at the end of the fiscal year in 2005 (December 31, 2005).
Sample 1
AutoNDA by SimpleDocs
Minimum Annual EBITDA. Commencing with the Fiscal Quarter beginning April 1, 1997 and continuing as of each Fiscal Quarter end until Credit Facility Termination, the Borrower Consolidation shall maintain a minimum EBITDA of at least Five Million Dollars ($5,000,000.00) to be calculated for each such Fiscal Quarter together with the most recently ended three (3) preceding Fiscal Quarters on a rolling four (4) Fiscal Quarter basis.
Sample 1
Minimum Annual EBITDA. Borrower will, at the end of each fiscal year, maintain a minimum EBITDA of at least the following :
Sample 1
Minimum Annual EBITDA. Permit for each of the Fiscal Years listed in the table below, EBITDA of Holdings and its subsidiaries on a Consolidated basis to be less than the total amount set forth opposite such Fiscal Year: Fiscal Year Ending: Minimum Annual EBITDA ------------------ --------------------- December 31, 2001 $26,450,000 December 31, 2002 29,900,000 December 31, 2003 33,810,000 December 31, 2004 38,180,000
Sample 1
Minimum Annual EBITDA. For each of the Fiscal Years listed in the table below, EBITDA of Parent and its Subsidiaries shall not be less than the total amount set forth opposite such Fiscal Year: Minimum Annual Fiscal Year Ending: EBITDA ------------------- ------ December 31, 2001.................... $23,000,000 December 31, 2002.................... 26,000,000 December 31, 2003.................... 29,400,000 December 31, 2004.................... 33,200,000
Sample 1
Minimum Annual EBITDA. For each of the Fiscal Years listed in the table below, EBITDA of Parent and its Subsidiaries shall not be less than the total amount set forth opposite such Fiscal Year: MINIMUM ANNUAL FISCAL YEAR ENDING: EBITDA ------------------- -------------- December 31, 2001............. $23,000,000 December 31, 2002............. 26,000,000 December 31, 2003............. 29,400,000 December 31, 2004............. 33,200,000 (h) CHANGES TO SENIOR FINANCIAL COVENANTS. The parties acknowledge and agree that the financial covenants set forth in clauses (a) through (e) of this SECTION 10.16 correspond to the financial covenants set forth in Article VII of the Senior Credit Agreements as of the date hereof and that the dollar amounts and percentages contained in the financial covenants set forth in such clauses have been set at 15.0% below the dollar amounts and percentages set forth in the corresponding financial covenants set forth in such Article VII. The parties hereby acknowledge and agree that, to the extent that the financial covenants set forth in the Senior Credit Agreements as of the date hereof are subsequently modified in any respect or any new financial covenants are included to the Senior Credit Agreements, the Purchaser may, but shall not be obligated to, modify the financial covenants set forth in this SECTION 10.16 to reflect the modifications made to the corresponding financial covenants included in the Senior Credit Agreements or include a financial covenant in this SECTION 10.16 that corresponds to the new financial covenant included in the Senior Credit Agreements (with the dollar amounts and/or percentages set at 15.0% below the dollar amounts and percentages set forth in such new financial covenant).
Sample 1
Minimum Annual EBITDA. Borrower will, at the end of each fiscal year, maintain a minimum EBITDA of at least Five Million Three Hundred Thousand Dollars ($5,300,000).
Sample 1
AutoNDA by SimpleDocs

Related to Minimum Annual EBITDA

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Minimum Annual Royalty During the TERM of this SUB-LICENSE, ADAPTIMMUNE shall pay to LTC a non-refundable minimum annual royalty (“MINIMUM ANNUAL ROYALTY”) of: (a) *** dollars ($***) for each full or partial calendar year during which there is no APPROVAL OBTAINED for any LICENSED T CELL PRODUCT, and (b) for the first full calendar year following the date that there is APPROVAL OBTAINED and thereafter, a non-refundable MINIMUM ANNUAL ROYALTY that is equal to fifty percent (50%) of ADAPTIMMUNE’s earned running royalties for the sale by ADAPTIMMUNE and its AFFILIATES of such LICENSED T CELL PRODUCTS in the previous calendar year. The MINIMUM ANNUAL ROYALTY will be fully-creditable against running royalties due and payable by ADAPTIMMUNE and its AFFILIATES on account of running royalties under Section 4.3 for the applicable calendar year for which such MINIMUM ANNUAL ROYALTY relates, but shall not be creditable against any MILESTONE PAYMENTS (defined at Section 4.4) made at any time. Any difference between the MINIMUM ANNUAL ROYALTY due for a particular calendar year, and the running royalties due and payable for such calendar year, will be paid along with the royalty payment and royalty report due for the fourth (4th) quarter of each calendar year (e.g. within forty-five (45) days of each December 31) in accordance with Section 4.6. For clarification purposes, MINIMUM ANNUAL ROYALTIES are not refundable in whole or in part.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Minimum Sales 4.1 The minimum volume of sales of the Products that CSR commits to use its best efforts to achieve in the Territory on an annual basis in the first Agreement Year is 60,000 gallons (avg. 5,000 gallons per month). RCAI will review the annual volumes of sales of the Products prior to the beginning of any successive term during which this Agreement may continue and RCAI may change and adjust such minimums as it, in its sole judgment, sees fit.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

Time is Money Join Law Insider Premium to draft better contracts faster.