Minimum EBITDA Clause Samples
The Minimum EBITDA clause sets a required threshold for a company's earnings before interest, taxes, depreciation, and amortization (EBITDA) that must be maintained over a specified period. Typically, this clause is found in loan agreements or financial covenants, where the borrower is obligated to report financial results periodically and demonstrate that EBITDA does not fall below the agreed minimum. By establishing this financial benchmark, the clause helps lenders monitor the borrower's financial health and provides an early warning mechanism for potential financial distress, thereby protecting the lender's interests.
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Minimum EBITDA. Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Minimum EBITDA. Holdings and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, Minimum EBITDA for the 12-Fiscal Month period then ended calculated of not less than the following: June 30, 2008 $ 14,500,000 September 30, 2008 $ 14,750,000 December 31, 2008 $ 15,000,000 March 31, 2009 $ 15,500,000 June 30, 2009 $ 15,750,000 September 30, 2009 $ 16,000,000 December 31, 2009 $ 16,000,000 March 31, 2010 $ 16,250,000 June 30, 2010 $ 16,250,000 September 30, 2010 $ 16,500,000 December 31, 2010 $ 16,500,000 March 31, 2011 and each Fiscal Quarter ending thereafter $ 16,750,000 3.13. On the New Life Acquisition Effective Date, Section 7.1(b) of the Credit Agreement shall be amended and restated in its entirety to read as follows:
Minimum EBITDA. As of the end of each of its fiscal quarters beginning with the quarter ended June 30, 2008, the Borrower shall maintain minimum EBITDA of not less than the following: (i) $7,500,000 for the six months ended June 30, 2008, (ii) $12,500,000 for the nine months ended September 30, 2008, and (iii) $16,500,000 for the twelve months ended December 31, 2008 and for each trailing twelve month period thereafter to be tested at each fiscal quarter end.”
Minimum EBITDA. EBITDA, measured on a fiscal quarter-end basis, of not less than the required amount set forth in the following table for the applicable period set forth opposite thereto; ----------------------------------------------------------------------------------------------------------------- Applicable Amount Applicable Amount (if Borrower has not (if Borrower has consummated consummated the sale of TMS) the sale of TMS) Applicable Period ----------------------------------------------------------------------------------------------------------------- $ 7,475,000 $ 6,139,000 For the 3 month period ending 03/31/02 ----------------------------------------------------------------------------------------------------------------- $16,457,000 $13,785,000 For the 6 month period ending 06/30/02 ----------------------------------------------------------------------------------------------------------------- $25,531,000 $21,523,000 For the 9 month period ending 09/30/02 ----------------------------------------------------------------------------------------------------------------- $34,755,000 $29,411,000 For the 12 month period ending 12/31/02 ----------------------------------------------------------------------------------------------------------------- $37,348,000 $32,004,000 For the 12 month period ending 03/31/03 ----------------------------------------------------------------------------------------------------------------- $38,434,000 $33,090,000 For the 12 month period ending 06/30/03 ----------------------------------------------------------------------------------------------------------------- $39,428,000 $34,084,000 For the 12 month period ending 09/30/03 ----------------------------------------------------------------------------------------------------------------- $40,272,000 $34,928,000 For the 12 month period ending 12/31/03 ----------------------------------------------------------------------------------------------------------------- $42,794,000 $37,450,000 For the 12 month period ending 3/31/04 ----------------------------------------------------------------------------------------------------------------- $45,315,000 $39,971,000 For the 12 month period ending 06/30/04 ----------------------------------------------------------------------------------------------------------------- $47,837,000 $42,493,000 For the 12 month period ending 09/30/04 --------------------------------------------------------------------------------------------------------------...
Minimum EBITDA. The Borrower shall maintain a minimum EBITDA of $500,000 for the six (6) months ending on September 30, 2015 and for the six (6) month period ending on the last day of each Fiscal Quarter thereafter.
Minimum EBITDA. Achieve EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: ($44,300,000) For the 12 month period endingon March 31, 2017 ($48,900,000) For the 12 month period endingon June 30, 2017 ($51,000,000) For the 12 month period endingon September 30, 2017 ($45,900,000) For the 12 month period endingon December 31, 2017 ($40,300,000) For the 12 month period endingon March 31, 2018 ($36,700,000) For the 12 month period endingon June 30, 2018 ($32,200,000) For the 12 month period endingon September 30, 2018 ($26,800,000) For the 12 month period endingon December 31, 2018 ($21,700,000) For the 12 month period endingon March 31, 2019 ($17,000,000) For the 12 month period endingon June 30, 2019 ($11,700,000) For the 12 month period endingon September 30, 2019 ($6,200,000) For the 12 month period endingon December 31, 2019 $0 For the 12 month period endingon March 31, 2020 $6,500,000 For the 12 month period endingon June 30, 2020 $14,000,000 For the 12 month period endingon September 30, 2020 $25,000,000 For the 12 month period endingon December 31, 2020 $30,000,000 For the 12 month period endingon March 31, 2021 and the 12 monthperiod ending each June 30,September 30, December 31and March 31 thereafter
Minimum EBITDA. EBITDA, measured on a month-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: For the 12 month periods ending August 31, 2005 and September 30, 2005 $ 44,000,000 For the 12 month period ending each month thereafter $ 45,000,000
Minimum EBITDA. Section 6.16 of the Credit Agreement is amended to read in its entirety as follows:
Minimum EBITDA. Borrower shall, on and as of the ending date of each fiscal quarter set forth below maintain EBITDA of not less than the amount set forth next to such ending date of each fiscal quarter: Fiscal Quarter Ending October 1997 $578,000 Fiscal Quarter Ending January 1998 $482,000 Fiscal Quarter Ending April 1998 $745,000 Fiscal Quarter Ending July 1998 $1,010,000 Fiscal Quarter Ending October 1998 $1,647,000 Fiscal Quarter Ending January 1999 $1,505,000 Fiscal Quarter Ending April 1999 $1,671,000 Fiscal Quarter Ending July 1999 $2,064,000
Minimum EBITDA. Achieve EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto:
