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. Cause to be maintained as of the end of each fiscal quarter, an EBITDA of not less than (i) negative (-) $31,500,000 for the fiscal quarter ending December 31, 2013 tested on a trailing twelve (12) month basis, (ii) negative (-) $26,500,000 for the fiscal quarter ending March 31, 2014 tested on a trailing twelve (12) month basis, (iii) negative (-) $4,000,000 for the fiscal quarter ending June 30, 2014 tested on a trailing three (3) month basis, (iv) $0.00 for the fiscal quarter ending September 30, 2014 tested on a trailing three (3) month basis, (v) $0.00 for the fiscal quarter ending December 31, 2014 tested on a trailing six (6) month basis, (vi) $0.00 for the fiscal quarter ending March 31, 2015 tested on a trailing nine (9) months basis and (vii) $0.00 for the fiscal quarter ending June 30, 2015 and each fiscal quarter thereafter tested on a trailing twelve (12) month basis.
Minimum EBITDA Covenant. The Parent and the Company shall not permit EBITDA, calculated as of the last day of each fiscal month during the Limited Waiver Period, to be less than the amount set forth opposite such period in the table below: Month Ended Minimum EBITDA --------------------------------------------- --------------------------------------------- January 2005 ($1,000,000) --------------------------------------------- --------------------------------------------- February 2005 ($250,000) --------------------------------------------- --------------------------------------------- March 2005 $500,000 --------------------------------------------- --------------------------------------------- April 2005 $1,000,000 --------------------------------------------- --------------------------------------------- May 2005 $1,000,000 --------------------------------------------- --------------------------------------------- June 2005 $1,000,000 --------------------------------------------- ---------------------------------------------
Minimum EBITDA Covenant. Section 6.8 (iii) of the Credit Agreement is hereby amended as of the Third Amendment Effective Date to read as follows:
Minimum EBITDA Covenant. EBITDA of not less than (w) $3,000,000 for the calendar quarter ending December 31, 2006, (x) $1,000,000 for the calendar quarter ending March 31, 2007, (y) $2,500,000 for the calendar quarter ending June 30, 2007, and (z) $15,000,000 for each Test Period ending on and after September 30, 2007.”
Minimum EBITDA Covenant. As of the end of any calendar quarter EBITDA for the most recent Test Period of not less than $15,000,000.
Minimum EBITDA Covenant. Effective as of June 25, 2002, Section 9.30(a) is hereby deleted and the following is substituted therefor:
Minimum EBITDA Covenant. EBITDA of not less than $15,000,000 for each Test Period ending on and after March 31, 2006.”
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. A. Consolidated net income for the Measurement Period of ADES and its Subsidiaries without duplication and to the extent deducted in calculating Net Income in A: B. interest expense C. the sum of federal, state, local and foreign taxes paid in cash
