Minimum EBIT. Borrower shall have minimum quarterly EBIT of at least Three Million Five Hundred Thousand Dollars ($3,500,000.00).”
Minimum EBIT. Parent and its Subsidiaries on a ------------ consolidated basis shall maintain for each four Fiscal Quarter period, commencing with the four Fiscal Quarter period ending on or about December 31, 1998, EBIT for such period of not less than the amount for such period set forth below: Four Fiscal Quarter Period Ending --------------------------------- on or about: Minimum EBIT ----------- ------------ December 31, 1998 $(17,000,000) March 30, 1999 (13,000,000) June 30, 1999 (13,000,000) September 30, 1999 (8,600,000) December 31, 1999 (3,000,000)"
Minimum EBIT. Only to the extent that such is needed to achieve an annualized $3,000,000 run-rate minimum earnings before interest and taxes ("EBIT") level, Purchaser shall have received evidence to Purchaser's satisfaction that up to $800,000 of the combined total of (i) annualized direct expense compensation payroll and related direct payroll fringe cost and (ii) corporate administrative overhead (without giving effect to any consolidation into Purchaser) has been identified by Seller for elimination ("DIRECT EXPENSE COMPENSATION AND G&A REDUCTION") by the Closing Date without impairing the integrity or revenue stream of the related programs. This Direct Expense Compensation and G&A Reduction must be detailed program, by specific employee, etc. and may not include reductions from changes in benefit programs (i.e., insurance, retirement, paid-days-off, etc.) related to non-terminated employees or any reductions in real estate taxes, but may include reductions in other out-of-pocket direct operating expenses. Prior to Closing, Seller shall have implemented at least $250,000 of the Direct Expense Compensation and G&A Reduction, without impairing the integrity or profitability of the Seller's operations.
Minimum EBIT. On each Computation Date set forth below, the Borrower shall not permit its total cumulative EBIT (calculated for the period of time beginning on February 1, 2000 through such Computation Date) to be less than the minimum amount set forth below: MINIMUM COMPUTATION DATE CUMULATIVE EBIT ---------------- --------------- April 30, 2000 ($1,000,000.00) July 31, 2000 ($ 700,000.00) October 31, 2000 Break Even January 31, 2001 $ 500,000.00 Borrower and Lender shall amend this Agreement on or before February 28, 2001, to provide covenant compliance (at minimum levels acceptable to Lender) under Sections 6.4(a) and 6.4(b) above for April 30, 2001 and each Computation Date thereafter."
Minimum EBIT. On each Computation date set forth below, the Borrower shall not permit the total Cumulative EBIT ( calculated for the period of time beginning on February 1, 2001 through such Computation Date) to be less than the minimum amount set forth below: MINIMUM COMPUTATION DATE CUMULATIVE EBIT ---------------- --------------- April 30, 2001 $(200,000) July 31, 2001 $ -0- October 31, 2001 $700,000 January 31, 2002 $1,100,000
Minimum EBIT. EBIT of at least the required amount set forth in the following table for the trailing twelve month period ended as of the applicable date set forth opposite thereto:
Minimum EBIT. Permit Consolidated EBIT for any fiscal quarter to be less than the amount specified below for such fiscal quarter: Each Fiscal Quarter Minimum Quarterly Ended EBIT -------------------------- ----------- March 31 -$5,000,000 June 30 $1 September 30 $2,000,000 December 31 $3,000,000
Minimum EBIT. Actual EBIT at Statement Date: $ ----------
Minimum EBIT. Paragraph 6.5 is amended and restated in its entirety to read as follows:
Minimum EBIT. To maintain on a consolidated basis for the Borrower and its Domestic Subsidiaries EBIT of at least $0 for each quarterly accounting period.
