Minimum Cumulative EBITDA. The Borrower shall maintain EBITDA (which is calculated only with respect to the Borrower and its Subsidiaries' North American operations) for each period commencing on July 1, 2002 and ending on a date set forth below at not less than the amount set forth below immediately to the right of such period: CUMULATIVE EBITDA MUST EQUAL OR FOR PERIOD ENDED EXCEED: July 31, 2002 ($157,000) August 31, 2002 $1,560,000 September 30, 2002 $3,198,000
Minimum Cumulative EBITDA. As of each date set forth below, permit the cumulative EBITDA for the period from and including February 1, 2016 to and including such date set forth below to be less than the amount set forth opposite such date: March 31, 2016 $ 3.7 million April 30, 2016 $ 12.0 million May 31, 2016 $ 27.0 million June 30, 2016 $ 30.3 million July 31, 2016 $ 43.5 million August 31, 2016 $ 58.4 million September 30, 2016 $ 75.6 million October 31, 2016 $ 88.1 million November 30, 2016 $ 104.9 million December 31, 2016 $ 123.3 million
Minimum Cumulative EBITDA. Permit as of the last day of each month specified below, the Consolidated EBITDA for the Applicable Measurement Period ended on the last day of such month to be less than the amount specified below for such month: December 2009 $ 4,500,000 January 2010 $ 11,500,000 February 2010 $ 19,000,000 March 2010 $ 23,000,000 April 2010 $ 30,000,000 May 2010 $ 37,000,000 June 2010 $ 43,000,000 ; provided that each of the financial covenants set forth in this Section 8.1 will be calculated applying the Fresh Start Accounting Adjustment and eliminating the effects of all Disregarded Items.
Minimum Cumulative EBITDA. The Parent shall not have, on each date listed below, a cumulative Consolidated EBITDA for the period starting on April 1, 2007 and ending on such date less than the minimum amount set forth opposite such date: June 30, 2007 $ 3,300,000 September 30, 2007 $ 8,000,000 December 31, 2007 $ 14,300,000 March 31, 2008 $ 21,800,000
Minimum Cumulative EBITDA. Commencing with the end of third fiscal quarter of the 2003 fiscal year (on or about March 31, 2003), the Borrower shall not permit EBITDA as of the last day of any fiscal quarter to be less than the cumulative amount set forth opposite the relevant fiscal quarter in the following table: Fiscal Quarter Cumulative EBITDA Third Quarter Fiscal Year 2003 ($22,000,000) Fourth Quarter Fiscal Year 2003 ($ 4,000,000) First Quarter Fiscal Year 2004 $40,000,000
Minimum Cumulative EBITDA. Maintain a Minimum Cumulative EBITDA (defined as earnings before interest, taxes, depreciation, and amortization) of no less than $950,000.00 as of Quarter ending March 31st of each year; $1,800,000.00 as of Quarter ending June 30th of each year; $1,900,000.00 as of Quarter ending September 3rd of each year; and, $2,000,000.00 as of Quarter ending December 31st of each year.
Minimum Cumulative EBITDA. Not permit cumulative EBITDA for the period beginning on July 1, 2003 and ending on November 30, 2003 to be less than $1,352,000.
Minimum Cumulative EBITDA. Not permit Cumulative EBITDA as of the end of any month to be less than the amount set forth below opposite such month: November 30, 2012 $ 493,550 December 31, 2012 $ 1,177,812 January 31, 2013 $ 1,490,199 February 28, 2013 $ 1,835,717 March 31, 2013 $ 2,420,571 April 30, 2013 $ 2,972,790 May 31, 2013 $ 3,597,949 June 30, 2013 $ 4,329,711
Minimum Cumulative EBITDA. Section 7(b) of the Credit Agreement is hereby replaced with the following:
Minimum Cumulative EBITDA. As of any calendar month end set forth below, permit EBITDA for the period of January 1, 2001 through and including such calendar month end to be less than the corresponding amount set forth below: Period Amount ------ ------ March 31, 2001 $ 3,271,000.00 April 30, 2001 $ 5,366,000.00 May 31, 2001 $ 7,760,000.00 June 30, 2001 $11,171,000.00 July 31, 2001 $13,442,000.00 August 31, 2001 $15,867,000.00 September 30, 2001 $18,998,000.00 October 31, 2001 $22,240,000.00 November 30, 2001 $25,943,000.00 December 31, 2001 $30,572,000.00 The parties hereto agree that the Borrowers shall make such changes and adjustments to the form of the Officer's Compliance Certificate as are necessary to report the new financial covenants set forth above provided that all such changes and adjustments are satisfactory to the Administrative Agent. Upon the expiration of the Adjustment Period, the Suspended Covenants shall once again be applicable and compliance with such financial covenants shall be required as more fully described in the Credit Agreement with respect to any fiscal quarter ending after the last day of the Adjustment Period. The parties hereto agree that any breach and/or failure of any agreement, requirement or condition contained in this Section 4 shall be an immediate Default and Event of Default under the Credit Agreement.
