Minimum Cumulative EBITDAR Sample Clauses

Minimum Cumulative EBITDAR. The Borrowers shall not permit or suffer the following, tested as of the last day of each month (commencing with June 30, 2001 and through December 31, 2001) on a cumulative basis dating back to January 31, 2001, to be less than the following minimum cumulative amount: (a) Consolidated EBITDAR minus (b) 100% of any adequate protection payments made by the Borrowers during such period and not reflected in the Business Plan (without regard to any updating of the Business Plan), to the extent that such adequate protection payments were not otherwise included as reductions to EBITDAR for the period of measurement: -------------------------------------------------------------------------------- Month Ending: Minimum Cumulative EBITDAR $ Millions -------------------------------------------------------------------------------- June, 2001* 6.0 -------------------------------------------------------------------------------- July, 2001* 5.3 -------------------------------------------------------------------------------- August, 2001* 5.0 -------------------------------------------------------------------------------- September, 2001* 7.7 -------------------------------------------------------------------------------- October, 2001* 10.3 -------------------------------------------------------------------------------- November, 2001* 14.2 -------------------------------------------------------------------------------- December, 2001* 27.1 -------------------------------------------------------------------------------- * The Borrower's compliance with the Minimum Cumulative EBITDAR test for the subject months will be waived unless Excess Availability is less than $17,500,000 for any three consecutive days during such period (the "Test Condition"). If the test Condition occurs; the Borrower shall be obligated to comply with the Minimum Cumulative EBITDAR test for the subject month in which the Test Condition occurs and shall also be required to be in compliance with the Minimum Cumulative EBITDAR test for each month both preceding, and subsequent to, the month in which the Test Condition occurs (failing which an Event of Default shall be deemed to have arisen). In any event, whether or not the Test Condition has occurred, the Borrowers must comply with the Minimum Cumulative EBITDAR test for October, 2001 and each month thereafter.
Sample 1
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Minimum Cumulative EBITDAR 
Sample 1

Related to Minimum Cumulative EBITDAR

  • 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 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

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

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

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Minimum Interest Coverage Ratio The Borrowers shall not permit the Interest Coverage Ratio, calculated as of the end of each fiscal quarter for the four fiscal quarters then ended, to be less than 3.50 to 1.00.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue of at least 1.50 to 1.00.

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