Minimum EBITDA Covenant. Section 5.21 of the Credit Agreement is amended by replacing the amounts set forth in the table therein, solely for the periods set forth below, with the following amounts (and the remainder of such table shall remain without amendment): Period Amount Third Fiscal Quarter 1996 $11,000,000 Fourth Fiscal Quarter 1996 31,000,000 First Fiscal Quarter 1997 45,000,000 Second Fiscal Quarter 1997 60,000,000 Third Fiscal Quarter 1997 64,000,000 Fourth Fiscal Quarter 1997 68,000,000
Minimum EBITDA Covenant. SI shall generate EBITDA during the calendar quarters ending on the dates set forth below of at least the following amounts: April 30, 2002 $ 650,000 July 31, 2002 $ 700,000 In addition, SI shall generate EBITDA during its fiscal year 2002 of at least $3,000,000.
Minimum EBITDA Covenant. Commencing with the fiscal quarter ending December 31, 2016, Borrower shall maintain a minimum EBITDA of greater than or equal to $24,000,000 at the end of each fiscal quarter.
Minimum EBITDA Covenant. During the Covenant Amendment Period, the Borrower will not permit EBITDA (exclusive of up to $3,595,000 in restructuring charges incurred in the fourth quarter of fiscal year 2000) for the periods set forth below to be less than the amount set forth opposite each such period: Period Amount ------ ------ 1 month ended 10/31/00 $(1,000,000) 2 months ended 11/30/00 $(2,000,000) 3 months ended 12/31/00 $(3,000,000) 4 months ended 1/31/01 $(3,500,000) 5 months ended 2/28/01 $(3,483,000) 6 months ended 3/31/01 $(3,156,000) 7 months ended 4/30/01 $(2,567,000) 8 months ended 5/31/01 $(2,077,000) 9 months ended 6/30/01 $(1,437,000) 10 months ended 7/31/01 $(994,000) 11 months ended 8/31/01 $(384,000) 12 months ended 9/30/01 $256,000 The required minimum cumulative EBITDA may be adjusted upon terms satisfactory to Borrower and Determining Lenders from time to time as a result of asset sales.
Minimum EBITDA Covenant. EBITDA for the most recent Test Period of not less than (x) $13,000,000 for the Test Period ended June 30, 2005, (y) $15,000,000 for the Test Period ending September 30, 2005, and (z) $18,000,000 for each Test Period ending on and after December 31, 2005.”
Minimum EBITDA Covenant. Cause to be maintained as of the end of each fiscal quarter, an EBITDA of not less than (i) negative (-) $26,500,000 for the fiscal quarter ending March 31, 2014, (ii) negative (-) $24,000,000 for the fiscal quarter ending June 30, 2014, (iii) negative (-) $20,600,000 for the fiscal quarter ending September 30, 2014, (iv) negative (-) $12,000,000 for the fiscal quarter ending December 31, 2014, (v) negative (-) $3,500,000 for the fiscal quarter ending March 31, 2015 and (vi) $4,000,000 for the fiscal quarter ending June 30, 2015 and each fiscal quarter thereafter, tested on a trailing twelve (12) month basis at all times.
Minimum EBITDA Covenant. The Lender hereby acknowledges that the Borrower is in default under the Minimum EBITDA Covenant of the Restated Financing Agreement (the “Covenant Default”) and agrees to waive such Covenant Default and further to strike the Minimum EBITDA Covenant from the Restated Financing Agreement in its entirety as of the Effective Date.
Minimum EBITDA Covenant. 16 8. EVENTS OF DEFAULT; ACCELERATION...........................................16 9. SETOFF....................................................................18 10. THE AGENT................................................................19 10.1 Authorization..................................................19
Minimum EBITDA Covenant. The Borrower covenants and agrees that so long as the Term Loan is outstanding and until the payment and satisfaction in full of all the Obligations, the Borrower will not permit EBITDA for any period of four (4) consecutive fiscal quarters ending after September 30, 2001 to be less than $8,000,000.
Minimum EBITDA Covenant. EBITDA of not less than $15,000,000 for each Test Period ending on and after March 31, 2006.”
