Minimum Annualized EBITDA Sample Clauses

Minimum Annualized EBITDA. Maintain a Minimum Annualized EBITDA (defined as net earnings before total interest expense and BUSINESS LOAN AGREEMENT (Continued) Loan No: 3000071 Page 3 taxes, depreciation and amortization) of $8,000,000.00. Except as provided above, all computations made to determine compliance with the requirements contained in this paragraph shall be made in accordance with generally accepted accounting principles, applied on a consistent basis, and certified by Borrower as being true and correct.
Sample 1
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Minimum Annualized EBITDA. For any fiscal quarter ending on or prior to the earlier of the (a) Revolving Loan Availability Date and (b) March 31, 2000, the Borrower shall not permit Annualized EBITDA as of the end of such quarter to be less than the amount set forth below with respect to such fiscal quarter: Quarters Ending Minimum Annualized EBITDA June 30, 1999 $21,980,000 September 30, 1999 $24,800,000 December 31, 1999 $30,000,000 March 31, 2000 $35,900,000
Sample 1
Minimum Annualized EBITDA. Permit Annualized EBITDA determined as ------------------------- of any date set forth below to be less than the amount set forth opposite such date below: Date Minimum ---- ------- Annualized ---------- EBITDA ------ September 30, 2001 [Redacted] December 31, 2001 [Redacted] March 31, 2002 [Redacted]
Sample 1
Minimum Annualized EBITDA. Achieve Annualized 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: Applicable Amount Applicable Period $140,800,000 For the 12 month period ending December 31, 2008 $125,600,000 For the 12 month period ending March 31, 2009 $122,667,000 For the 12 month period ending June 30, 2009 $121,840,000 For the 12 month period ending September 30, 2009 -45- $119,040,000 For the 12 month period ending December 31, 2009 $123,600,000 For the 12 month period ending March 31, 2010 $128,240,000 For the 12 month period ending June 30, 2010 $133,520,000 For the 12 month period ending September 30, 2010 $137,680,000 For the 12 month period ending December 31, 2010 $143,600,000 For the 12 month period ending March 31, 2011 $149,680,000 For the 12 month period ending June 30, 2011 $156,080,000 For the 12 month period ending September 30, 2011 $162,640,000 For the 12 month period ending December 31, 2011 and each quarter thereafter Concurrently with the closing of each Permitted Acquisition, each Annualized EBITDA level set forth above shall be increased by 80% of pro forma adjustment to Annualized EBITDA as set forth in the definition thereof for any applicable Reference Period.
Sample 1
Minimum Annualized EBITDA. The Annualized EBITDA, measured on a quarter end basis, for the twelve month period ending , is $ , which amount [is/is not] greater than or equal to the amount set forth in Section 7(a) of the Credit Agreement for the corresponding period.
Sample 1
Minimum Annualized EBITDA. Borrower shall maintain a minimum annualized EBITDA of $12,000,000.00.
Sample 1

Related to Minimum Annualized 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

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

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

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

  • Maximum Total Leverage Ratio Permit the Total Leverage Ratio as of the end of any fiscal quarter ending on or after September 30, 2006, to be greater than the ratio set forth below opposite the fiscal quarter end: Fiscal Quarter Ending Ratio on or prior to December 31, 2008 6.50 to 1.0 thereafter but on or prior to December 31, 2010 6.00 to 1.0 after December 31, 2010 5.50 to 1.0

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of REIT and its Subsidiaries for such period determined on a Consolidated basis.

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

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