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
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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
Minimum Annual EBITDA. The Borrower Consolidation shall maintain a minimum EBITDA, in the amounts set forth below, determined as of the end of the Fiscal Quarter commencing on July 1, 1997, and as of the end of each succeeding Fiscal Quarter, until Bank Facility Termination, with such EBITDA to be calculated, in each case, with respect to the Fiscal Quarter then ended and with respect to the immediately preceding three (3) Fiscal Quarters, on a rolling four (4) quarter basis: (a) For EBITDA calculated as of the end of the Fiscal Quarter commencing on July 1, 1997, and for EBITDA calculated as of the end of each succeeding Fiscal Quarter until, and including, the Fiscal Quarter commencing on July 1, 1998, the minimum EBITDA shall be Four Million Five Hundred Thousand Dollars ($4,500,000.00); and (b) For EBITDA calculated as of the end of the Fiscal Quarter commencing on October 1, 1998 and for EBITDA calculated as of the end of each succeeding Fiscal Quarter until Bank Facility Termination, the minimum EBITDA shall be Five Million Dollars ($5,000,000.00)."
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. 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 2.6 The first parenthetical of clause (g) of Article VIII of the Credit Agreement is hereby amended in its entirety to read as follows: "(excluding Indebtedness outstanding hereunder or under the Senior Subordinated Note.)" 2.7 Article VIII of the Credit Agreement is hereby amended by (i) adding an "or" at the end of clause (n) thereof and (ii) adding a new clause (o) at the end thereof to read as follows:
Sample 1
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
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Related to Minimum Annual EBITDA

  • 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 Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • 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 Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

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

  • 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.

  • EBITDA The term “EBITDA” shall mean, with respect to any fiscal period, “Consolidated EBITDA” as defined in the Credit Agreement, provided that the following should also be excluded from the calculation of EBITDA to the extent not already excluded from the calculation of Consolidated EBITDA under the Credit Agreement: (i) Non-Cash Charges (as defined in the Credit Agreement) related to any issuances of equity securities; (ii) fees and expenses relating to the Acquisition; (iii) financing fees (both cash and non-cash) relating to the Acquisition; (iv) covenant-not-to-compete payments to certain members of the Company’s senior management and related expenses; (v) expenses (or any portion thereof) incurred outside of the ordinary course of business that are approved by the Board which the Board determines in its good faith discretion are in the best interest of the Company but which will have a disproportionately adverse impact on the Company’s short term financial performance, affecting the Company’s ability to achieve financial targets related to the vesting of the Class C Units under the Incentive Unit Subscription Agreements or the Company’s annual bonus plan; (vi) costs and expenses incurred in connection with evaluating and consummating acquisitions not contemplated by the Company’s annual plan, as such plan is approved by the Board in good faith; (vii) related party expenditures that are subject to the prior written consent of the Majority Executives pursuant to Section 2.3(a) of the Securityholders Agreement but have failed to receive such consent; (viii) advisors’ fees and expenses incurred outside the ordinary course of business related solely to Vestar’s activities that are unrelated to the Company; (ix) costs associated with any put option or call option contemplated by any Rollover Subscription Agreement or Incentive Unit Subscription Agreement; (x) costs associated with any proposed initial Public Offering or Sale of the Company (as such terms are defined in the Securityholders Agreement); (xi) expenses related to any litigation arising from the Acquisition; (x) management fees and costs related to the activities giving rise to such fees that are paid to, paid for or reimbursed to Vestar and its Affiliates; and (xii) material expenditures or incremental expenditures inconsistent with prior practice (to the extent that prior practice is relevant) required by Board (where Management Managers (as defined in the Securityholders Agreement) unanimously dissent) unless such expenditures are reasonably likely to result in any benefit (whether economic or non-economic) to the Company as determined by the Board in its good faith discretion.

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