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 (6,000,000) December 31, 1999 3,500,000 and thereafter"
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 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. 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, 2000 through such Computation Date) to be less than the minimum amount set forth below: MINIMUM COMPUTATION DATE CUMULATIVE EBIT ---------------- --------------- October 31, 2000 ($415,000) January 31, 2001 $400,000 Borrower and Lender shall amend this Agreement on or before February 28, 2001, to provide covenant compliance ( at minimum levels acceptable to Lender ) under Section 6.4(a) and 6.4 (b) above for April 30, 2001, and each Computation date thereafter."
Minimum EBIT. The Borrower will not permit its EBIT to be less than $4,000,000 as of the last day of any fiscal quarter calculated as follows:
Minimum EBIT. Debtor shall maintain EBIT (as defined below) at no less than the level set forth below, tested monthly, during the period set forth below: Time Period Amount (000's omitted) =========== ====================== October 2001 <900> November 2001 <1575> December 2001 <1950> January 2002 <2325>
Minimum EBIT. To maintain on a consolidated basis a sum of (i) net income before taxes and interest expense plus (ii) the Xxxxxx Charges up to a maximum of Twenty Million Dollars ($20,000,000) at least Zero Dollars ($0) for each quarterly accounting period.
Minimum EBIT. Borrowers and their Subsidiaries on a consolidated basis shall have for the following periods, EBIT of not less than: (i) * for the Fiscal Quarter ending December 31, 1996; (ii) * for the two Fiscal Quarters ending March 31, 1997; and (iii) * for the three Fiscal Quarters ending June 30, 1997. In addition, Borrowers and their Subsidiaries on a consolidated basis shall have for each four Fiscal Quarter period, commencing with the four Fiscal Quarter period ending September 30, 1997, EBIT for such period of not less than the amount for such period set forth below: Four Fiscal Quarter Period Ending Minimum EBIT 9/30/97 * 12/31/97 * 3/31/98 * 6/30/98 * 9/30/98 *
Minimum EBIT. Borrower shall have minimum quarterly EBIT of:
