Minimum Earnings. The Borrowers shall maintain on a consolidated basis at all times as of the end of each calendar month EBITDA of not less than 90% of the projected EBITDA for such month as set forth in the Borrowers' business plan dated October 23, 1996.
Minimum Earnings. The Borrowers shall maintain on a consolidated basis at all times as of the end of each calendar month EBITDA of not less than 90% of the projected EBITDA for such month as set forth in the Borrowers' 1998 Business Plan.
Minimum Earnings. During the term of this Note, Borrower's reported net income, as defined by GAAP, plus amortization expenses reported for the amortization of intangible expenses associated with the acquisition of assets or equity, for any four quarters within any consecutive six quarterly periods of time, shall in the aggregate exceed $1,500,000 for such four quarters taken together.
Minimum Earnings. The Borrower will not incur a total loss for the fiscal year ending December 31, 2019 in excess of Six Hundred Forty Thousand ($640,000.00) Dollars and the Borrower will achieve, during each quarter of its fiscal year and on a year-to-date basis at the end of each quarter, commencing with the fiscal quarter ending March 31, 2020, Earnings Before Taxes of not less than one hundred (100%) percent of its projected Earnings Before Taxes set forth in the projections required pursuant to Section 6.1(d) hereof, or delivered to Lender in connection with the initial funding of the Credit Facility and attached hereto as Exhibit C and updated annually on or before November 30 in each fiscal year (or more frequently if approved by the Lender, and solely at the Lender's discretion, on a case by case basis) or, in the alternative, if the Borrower has projected a loss, the Borrower will not incur as of the end of each quarter and on a year-to-date basis, at the end of each quarter, a loss greater than its projected loss.
Minimum Earnings. The Company covenants that it will not permit Consolidated EBITDA (i) for the fiscal quarter period ending October 2, 2010 to be less than ($5,000,000), (ii) for the two fiscal quarter period ending on December 31, 2010 to be less than ($10,000,000) and (iii) for the three fiscal quarter period ending on April 2, 2011 to be less than ($10,000,000).
Minimum Earnings. 25.1 An employee’s annual earnings will not fall below the relevant minimum earnings that would have been payable under the relevant modern award had this agreement not been in place.
Minimum Earnings. As of each date set forth below, Borrower shall have earnings plus depreciation, amortization, and interest expense of not less than the amount set forth opposite such date below measured from January 1, 1999, on a year to date basis: Date: Required EBIDA: ----- --------------- March 31, 1999 $ 20,000 April 30, 1999 $ 60,000 May 31, 1999 $100,000 June 30, 1999 $160,000"
Minimum Earnings. As of January 3, 1999, the Borrower was not in compliance with Section 8.25 of the Credit Agreement by reason of the Borrower's failure to maintain its Adjusted EBITDA for the four fiscal quarters of the Borrower then ending in an amount not less than $65,000,000. Such failure to comply with Section 8.25 of the Credit Agreement as of January 3, 1999 is hereby waived.
Minimum Earnings. The Company covenants that it will not permit Consolidated EBIT to be less than ($10,000,000) for any four fiscal quarter period ending March 31, 2009, June 30, 2009, September 30, 2009 and December 31, 2009.
(e) Section 10B of the Note Agreement is hereby amended by adding the following definition of “Consolidated EBIT” in the appropriate alphabetical order:
Minimum Earnings. The Company covenants that it will not permit Consolidated EBIT (i) for the fiscal quarter period ending April 3, 2010 multiplied by 4, (ii) for the two fiscal quarter period ending on July 3, 2010, multiplied by 2, (iii) for the three fiscal quarter period ending on October 2, 2010, multiplied by 4/3 or (iv) for the four fiscal quarter period ending on December 31, 2010, in each case to be less than ($15,000,000).
(f) Section 6C(2) of the Note Agreement is hereby amended by replacing such section in its entirety with the following: