Common use of Minimum Consolidated EBITDA Clause in Contracts

Minimum Consolidated EBITDA. Permit the Consolidated --------------------------- EBITDA for any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any fiscal quarter set forth below to be less than the amount set forth below opposite such fiscal quarter: Fiscal Quarter Minimum Consolidated EBITDA -------------- --------------------------- December 31, 1998 $14,500,000 March 31, 1999 $11,360,000 June 30, 1999 $13,110,000 September 30, 1999 $14,780,000 December 31, 1999 $19,000,000

Appears in 2 contracts

Samples: Credit Agreement (Nationwide Credit Inc), Credit Agreement (Nationwide Credit Inc)

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Minimum Consolidated EBITDA. Permit Consolidated EBITDA for the Consolidated --------------------------- EBITDA Borrower and its Subsidiaries for any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any fiscal quarter set forth below to be less than the amount set forth below opposite such fiscal quarter: . Fiscal Quarter Minimum Consolidated EBITDA -------------- --------------------------- December 31, 1998 $14,500,000 March 31, 1999 $11,360,000 -------------- June 30, 1999 2000 $13,110,000 September 50,000,000 June 30, 1999 2001 $14,780,000 December 3153,500,000 June 30, 1999 2002 $19,000,00057,000,000 87 Fiscal Quarter Minimum EBITDA -------------- -------------- June 30, 2003 $60,000,000 June 30, 2004 $62,000,000 June 30, 2005 $62,000,000 June 30, 2006 $62,000,000 June 30, 2007 $62,000,000

Appears in 1 contract

Samples: Credit Agreement (Osullivan Industries Holdings Inc)

Minimum Consolidated EBITDA. Permit the Consolidated --------------------------- EBITDA for any period of four consecutive fiscal quarters The Borrower will maintain, as of the Borrower (or, if less, the number last day of full fiscal quarters in 1998) ending with any each fiscal quarter set forth listed below of its fiscal year 2002, Consolidated EBITDA as determined on a quarterly and fiscal year cumulative basis in amounts at least equal to be less than the amount set forth below opposite such following: ----------------------------------------------------------------- Fiscal Quarter Fiscal Quarter Ending 3/31/02 Ending 6/30/02 ----------------------------------------------------------------- For the relevant fiscal quarter: Fiscal Quarter Minimum Consolidated EBITDA -------------- --------------------------- December 31, 1998 $14,500,000 March 31, 1999 235,000 $11,360,000 June 30, 1999 3,547,000 ----------------------------------------------------------------- ----------------------------------------------------------------- Cumulative for the 2002 fiscal year $13,110,000 September 30, 1999 6,837,000 $14,780,000 December 31, 1999 $19,000,00010,384,000 -----------------------------------------------------------------

Appears in 1 contract

Samples: Revolving Credit Agreement (Provant Inc)

Minimum Consolidated EBITDA. Permit the Consolidated --------------------------- EBITDA for any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any fiscal quarter set forth below to be less than the amount set forth below opposite such fiscal quarter: Fiscal Quarter Minimum Consolidated EBITDA -------------- --------------------------- December 31, 1998 $14,500,000 March 31, 1999 $11,360,000 June 30, 1999 $13,110,000 12,240,000 September 30, 1999 $14,780,000 12,500,000 December 31, 1999 $19,000,00015,500,000 March 31, 2000 $16,900,000 June 30, 2000 $18,500,000 September 30, 2000 $20,250,000 December 31, 2000 $21,750,000

Appears in 1 contract

Samples: Credit Agreement (Nationwide Credit Inc)

Minimum Consolidated EBITDA. Permit the The Borrower shall maintain --------------------------- a Consolidated --------------------------- EBITDA for any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any fiscal quarter set forth below to be no less than the amount set forth below opposite such fiscal quarterfollowing amounts for the applicable Fiscal Quarter: -10- Fiscal Quarter Ended Minimum Consolidated EBITDA -------------- -------------------- --------------------------- December 31, 1998 1999 ($14,500,000 750,000.00) March 31, 1999 $11,360,000 2000 -0- June 30, 1999 2000 $13,110,000 4,500,000.00 September 30, 1999 2000 and each Fiscal Quarter thereafter $14,780,000 December 314,500,000.00 16. Article IX of the Loan Agreement, 1999 $19,000,000Section 9.02 is hereby amended by adding new Subsections (iv) through (xi) as follows:

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Intelligroup Inc)

Minimum Consolidated EBITDA. Permit the Consolidated EBITDA --------------------------- EBITDA for any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any fiscal quarter set forth below to be less than the correlative amount set forth listed below opposite such for any fiscal quarter: Fiscal Quarter Minimum Consolidated EBITDA -------------- --------------------------- December quarter of Borrower commencing with the fiscal quarter ended March 31, 1998 $14,500,000 1999: March 31, 1999 $11,360,000 (10,250,000) June 30, 1999 $13,110,000 ( 4,500,000) September 30, 1999 $14,780,000 $ 2,000,000 December 31, 1999 $19,000,000$ 5,000,000.

Appears in 1 contract

Samples: Credit Agreement (P Com Inc)

Minimum Consolidated EBITDA. Permit the Consolidated --------------------------- EBITDA for any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with on any fiscal quarter set forth date referred to below to be less than the amount set forth below opposite such fiscal quarterperiod: Fiscal Quarter Ending Minimum Consolidated EBITDA -------------- --------------------------- --------------------------- December 31, 1998 2005 $14,500,000 March 3136,000,000 April 1, 1999 2006 $11,360,000 June 3038,000,000 July 1, 1999 2006 and thereafter $13,110,000 September 30, 1999 $14,780,000 December 31, 1999 $19,000,00041,000,000"

Appears in 1 contract

Samples: Credit Agreement (Ames True Temper, Inc.)

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Minimum Consolidated EBITDA. Permit the Consolidated --------------------------- EBITDA for any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with and its Subsidiaries for any fiscal quarter set forth below to be less than the amount set forth below opposite such fiscal quarterquarter below: Fiscal Quarter Minimum Consolidated EBITDA -------------- --------------------------- December 31, 1998 $14,500,000 March 31, 1999 $11,360,000 June 30, 1999 $13,110,000 September 30, 1999 $14,780,000 December 31, 1999 $19,000,000Quarters Ending Amount --------------- ------ 3/31/99 $ 1,528,000 6/30/99 $ 3,796,000 9/30/99 $ 2,843,000 12/31/99 $ 4,833,000"

Appears in 1 contract

Samples: Convertible Loan Agreement (Healthcor Holdings Inc)

Minimum Consolidated EBITDA. Permit the Consolidated --------------------------- EBITDA for any period of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any fiscal quarter set forth below to be less than the amount set forth below opposite such fiscal quarter: Fiscal Quarter Minimum Consolidated EBITDA -------------- --------------------------- December 31, 1998 ------------------- 3/31/02 $14,500,000 March 31, 1999 92,500,000 6/30/02 $11,360,000 June 30, 1999 90,500,000 9/30/02 $13,110,000 September 30, 1999 91,500,000 12/31/02 $14,780,000 December 31, 1999 92,000,000 3/31/03 $19,000,00095,500,000"

Appears in 1 contract

Samples: Credit Agreement (Doane Pet Care Co)

Minimum Consolidated EBITDA. Permit the The Borrower will not permit --------------------------- Consolidated --------------------------- EBITDA for any period of four consecutive fiscal quarters quarter of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any fiscal quarter set forth below to be less than the respective amount set forth below opposite such fiscal quarterquarter below: Fiscal Quarter Minimum Consolidated EBITDA -------------- --------------------------- December 31Ending Amount --------------------- ------ April 30, 1998 1999 $14,500,000 March 11,000,000 July 31, 1999 $11,360,000 June 30, 1999 $13,110,000 September 30, 1999 $14,780,000 December 12,000,000 October 31, 1999 $19,000,00014,000,000 January 31, 2000 $16,600,000 April 30, 2000 $18,600,000 July 31, 2000 $20,600,000

Appears in 1 contract

Samples: Credit Agreement (Idt Corp)

Minimum Consolidated EBITDA. Permit the Not permit Consolidated --------------------------- EBITDA for any period Borrower and its Subsidiaries on a consolidated basis at the end of four consecutive fiscal quarters of the Borrower (or, if less, the number of full fiscal quarters in 1998) ending with any each fiscal quarter with respect to the immediately preceding fiscal period set forth below (ending on the last day of such fiscal quarter) to be less than the amount Consolidated EBITDA set forth below opposite such as corresponds to the applicable fiscal quarterperiod: Fiscal Quarter Minimum Consolidated Period EBITDA -------------- --------------------------- December 31, 1998 ------------- ------ One quarter ended 4/30/00 $14,500,000 March 31, 1999 18,000,000 Two quarters ended 7/31/00 $11,360,000 June 30, 1999 38,000,000 Three quarters ended 10/31/00 $13,110,000 September 30, 1999 60,000,000 Four Quarters Ended ------------------- 1/31/01 $14,780,000 December 31, 1999 80,000,000 4/30/01 $19,000,00082,500,000 7/31/01 $85,000,000

Appears in 1 contract

Samples: Oil & Gas Revolving Credit and Term Loan Agreement (Transtexas Gas Corp)

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