Minimum Cumulative Consolidated EBITDA. Permit the Consolidated EBITDA as at the last day of any Test Period ending on any date set forth below, to be less than the amount set forth below opposite such date:
Minimum Cumulative Consolidated EBITDA. Permit the cumulative Consolidated EBITDA of Holdings and its Subsidiaries on each test period date set forth below to be less than the amount set forth opposite such date.
Minimum Cumulative Consolidated EBITDA. Commencing with the Waiver and Second Amendment Effective Date until the fiscal quarter ending June 30, 2017, and solely with respect to the Revolving Facility and the Initial Tranche B-1 Term Loans, permit the cumulative Consolidated EBITDA to be less than the amounts specified below for the relevant periods identified in the table below; provided, that if Consolidated EBITDA for any period is less than such amount, Parent may deem such Consolidated EBITDA be increased by some or all of the cumulative cushion amount, if any, set forth in the table below (“Cumulative Cushion Amounts”) for such period and only for the sole purpose of calculating compliance with this Section 7.11(d): 3 months ending September 30, 2015 $ (15,000,000 ) $ 10,000,000 3 months ending December 31, 2015 $ 10,000,000 $ 20,000,000 6 months ending March 31, 2016 $ 28,000,000 $ 40,000,000 9 months ending June 30, 2016 $ 63,000,000 $ 60,000,000 12 months ending September 30, 2016 $ 121,000,000 $ 60,000,000 12 months ending December 31, 2016 $ 115,000,000 Not available 12 months ending March 31, 2017 $ 165,000,000 Not available 12 months ending June 30, 2017 $ 205,000,000 Not available
Minimum Cumulative Consolidated EBITDA. Permit the Consolidated EBITDA as at the last day of any Test Period ending on any date set forth below, to be less than the amount set forth below opposite such date: Date Cumulative Consolidated EBITDA August 31, 2009 $115,000,000 September 30, 2009 $115,000,000 October 31, 2009 $115,000,000 November 30, 2009 $120,000,000 December 31, 2009 $120,000,000 January 31, 2010 $120,000,000 February 28, 2010 $120,000,000 March 31, 2010 $120,000,000 April 30, 2010 $120,000,000 May 31, 2010 $120,000,000 June 30, 2010 $120,000,000 July 31, 2010 $125,000,000 August 31, 2010 $125,000,000 September 30, 2010 $125,000,000
Minimum Cumulative Consolidated EBITDA. At the end of each Fiscal Quarter of the Borrower Group during Stage 1, no Borrower shall permit cumulative Consolidated EBITDA for the period commencing on January 1, 2000 and ending on the dates set forth below to be less than the amounts set forth below: --------------------------------------------------------- Date Minimum Cumulative Consolidated EBITDA From January 1, 2000 (in Dollars) --------------------------------------------------------- March 31, 2001 (28,450,700) --------------------------------------------------------- June 30, 2001 (35,233,700) --------------------------------------------------------- September 30,2001 (39,329,500) --------------------------------------------------------- December 31, 2001 (38,620,800) --------------------------------------------------------- March 31, 2002 (36,419,500) --------------------------------------------------------- June 30, 2002 (31,788,600) --------------------------------------------------------- September 30,2002 (24,322,800) ---------------------------------------------------------
Minimum Cumulative Consolidated EBITDA. The Company shall not permit cumulative Consolidated EBITDA determined from the period commencing with the first day of the first fiscal quarter set forth below to the last day of each fiscal quarter set forth below to be less than the corresponding amount set forth below: March 31, 2002 $1.0 million June 30, 2002 $10.0 million September 30, 2002 $33.4 million December 31, 2002 $62.5 million"
Minimum Cumulative Consolidated EBITDA. (i) Company shall not permit Consolidated EBITDA for any period commencing on January 1, 2008 and ending on the last day of any calendar month set forth below, on a cumulative basis taken as a single accounting period, to be less than the correlative amount for such calendar month indicated below: April 30 , 2008 $ 4,655,000 May 31, 2008 $ 7,021,000 June 30, 2008 $ 10,091,000 July 31, 2008 $ 12,830,000 August 31, 2008 $ 14,679,000 September 30, 2008 $ 18,602,000 October 31, 2008 $ 22,954,000 November 30, 2008 $ 25,909,000 December 31, 2008 $ 27,378,000 (ii) Company shall not permit Consolidated EBITDA for any twelve-month period ending on the last day of any calendar month set forth below, taken as a single accounting period, to be less than the correlative amount for such calendar month indicated below: January 31, 2009 $ 28,098,000 February 28, 2009 $ 28,098,000 March 31, 2009 $ 28,098,000 C. Minimum Cumulative Consolidated Domestic EBITDA.
(i) Company shall not permit Consolidated Domestic EBITDA for any period commencing on January 1, 2008 and ending on the last day of any calendar month set forth below, on a cumulative basis taken as a single accounting period, to be less than the correlative amount for such calendar month indicated below: April 30 , 2008 $ 700,000 May 31, 2008 $ 1,425,000 June 30, 2008 $ 2,325,000 July 31, 2008 $ 3,825,000 August 31, 2008 $ 4,550,000 September 30, 2008 $ 6,400,000 October 31, 2008 $ 9,000,000 November 30, 2008 $ 10,500,000 December 31, 2008 $ 11,500,000 (ii) Company shall not permit Consolidated Domestic EBITDA for any twelve-month period ending on the last day of any calendar month set forth below, taken as a single accounting period, to be less than the correlative amount for such calendar month indicated below: January 31, 2009 $ 12,000,000 February 28, 2009 $ 12,000,000 March 31, 2009 $ 12,000,000
Minimum Cumulative Consolidated EBITDA. Permit the cumulative Consolidated EBITDA of Holdings and its Subsidiaries for the portion of any fiscal quarter ending on any date set forth on Schedule 11.1(e) to be less than the amount set forth opposite such date on Schedule 11.1(e); provided that, for purposes of determining compliance with the foregoing covenant, if the cumulative Consolidated EBITDA for any full fiscal quarter exceeds the amount set forth on Schedule 11.1(e) for such fiscal quarter, 50% of such excess may be carried over and added to the cumulative Consolidated EBITDA for the immediately following full fiscal quarter, to the extent that the cumulative Consolidated EBITDA for such following fiscal quarter would be less than the required amount set forth above for such fiscal quarter.
(f) Maximum Outstanding Extensions of Credit.
(i) Permit the sum of the Aggregate U.S. Revolving Extensions of Credit and the Aggregate Canadian Revolving Extensions of Credit (such sum, the "Total Revolving Extensions of Credit") on any date set forth on Schedule 11.1(f)(i) to be greater than the amount set forth opposite such date on Schedule 11.1(f)(i).
(ii) On any day (other than the last day) of any month set forth on Schedule 11.1(f)(ii), permit the Total Revolving Extensions of Credit to exceed the lesser of (A) the Borrowing Formula in effect on such day and (B) the amount set forth opposite such month on Schedule 11.1(f)(ii).
Minimum Cumulative Consolidated EBITDA. (a) The Borrower will not permit, as at the last day of period set forth in the table below, Consolidated EBITDA of the Borrower and its Subsidiaries, on a cumulative basis, to be less than the amount set forth opposite such period: Three months ending January 31, 2003 $ 9,000,000 Six months ending April 30, 2003 $19,000,000 Nine months ending July 31, 2003 $30,000,000
(b) The Borrower will not permit, as at the last day of fiscal quarter set forth in the table below, Consolidated EBITDA of the Borrower and their Subsidiaries, for the applicable Test Period, to be less than the amount set forth opposite such period:
Minimum Cumulative Consolidated EBITDA. The Borrower will not permit, as at the last day of any calendar month set forth in the table below, Consolidated EBITDA of the Borrower and its Subsidiaries for such calendar month and all prior calendar months to the extent included in such table, to be less than the amount set forth opposite such calendar month: May, 2002 $ 2,507,000 June, 2002 $ 4,745,000 July, 2002 $ 8,953,000
(iii) The definition of “Applicable Base Rate Margin/Applicable Canadian Prime Rate Margin” set forth in Section 10 of the Credit Agreement is hereby amended by deleting the table at the end of such definition and replacing it with the following new table: Greater than or equal to 3.5:1 1.500% 1.500% Less than 3.5:1 but greater than or equal to 3.0:1 1.250% 1.250% Less than 3.0:1 but greater than or equal to 2.5:1 1.000% 1.000% Less than 2.5:1 .500% .500%
