Minimum EBITDAE Sample Clauses

Minimum EBITDAE. The Borrower shall not permit EBITDAE to be less than the amounts set forth below for the fiscal periods ending on the dates set forth below: Fiscal Quarter Ending On or About --------------------------------- the Date Set Forth Below Minimum EBITDAE ------------------------ --------------- December 20, 2002 $17,000,000 March 14, 2003 $17,000,000 July 4, 2003 $17,000,000 September 30, 2003 $17,000,000 December 19, 2003 $17,000,000 March 12, 2004 $17,500,000 July 2, 2004 $18,000,000 September 30, 2004 $18,000,000 December 17, 2004 $18,500,000 March 11, 2005 $18,500,000 July 1, 2005 $18,500,000 September 30, 2005 $18,500,000 December 16, 2005 $19,000,000 March 10, 2006 $19,000,000 June 30, 2006 $19,000,000 September 30, 2006 $19,000,000 December 15, 2006 and each fiscal quarter thereafter $20,000,000 In each case EBITDAE shall be determined as of the last day of each fiscal quarter for the four-quarter period ending on such last day of such fiscal quarter, taking into account Permitted Acquisitions and calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical audited and reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisitions (adjusted for non-recurring seller expenses and other add-backs to EBITDAE, in each case, agreed upon by the Borrower and the Administrative Agent) and reasonably acceptable to the Administrative Agent, broken down by fiscal quarter in the Borrower's reasonable judgment and satisfactory to the Administrative Agent.
Sample 1Sample 2
Minimum EBITDAE. The Company shall not permit EBITDAE to be less than the amounts set forth below for the fiscal periods ending on the dates set forth below: ------------------------------------------------------------------------------------------------- Fiscal Quarter Ending On or About the Date Set Forth Below Minimum EBITDAE ------------------------------------------------------------------------------------------------- December 20, 2002 $14,500,000 ------------------------------------------------------------------------------------------------- March 14, 2003 $14,500,000 ------------------------------------------------------------------------------------------------- July 4, 2003 $14,500,000 ------------------------------------------------------------------------------------------------- September 30, 2003 $14,500,000 ------------------------------------------------------------------------------------------------- December 19, 2003 $14,500,000 ------------------------------------------------------------------------------------------------- March 12, 2004 $15,000,000 ------------------------------------------------------------------------------------------------- July 2, 2004 $15,750,000 ------------------------------------------------------------------------------------------------- September 30, 2004 $15,750,000 -------------------------------------------------------------------------------------------------
Sample 1Sample 2
Minimum EBITDAE. The Borrower shall not permit EBITDAE to be less than the amounts set forth below for the fiscal periods ending on the dates set forth below: December 20, 2002 $ 17,000,000 March 14, 2003 $ 17,000,000 July 4, 2003 $ 17,000,000 September 30, 2003 $ 17,000,000 December 19, 2003 $ 17,000,000 March 12, 2004 $ 17,500,000 July 2, 2004 $ 18,000,000 September 30, 2004 $ 18,000,000 December 17, 2004 $ 18,500,000 March 11, 2005 $ 18,500,000 July 1, 2005 $ 18,500,000 September 30, 2005 $ 18,500,000 December 16, 2005 $ 19,000,000 March 10, 2006 $ 19,000,000 June 30, 2006 $ 19,000,000 September 30, 2006 $ 19,000,000 December 15, 2006 and each fiscal quarter thereafter $ 20,000,000
Sample 1Sample 2
Minimum EBITDAE. The Company shall not permit EBITDAE to be less than the amounts set forth below for the fiscal periods ending on the dates set forth below: ------------------------------------------------------------------------- Fiscal Quarter Ending On or About the Date Minimum EBITDAE Set Forth Below ------------------------------------------------------------------------- In each case EBITDAE shall be determined as of the last day of each fiscal quarter for the four-quarter period ending on such last day of such fiscal quarter, taking into account Permitted Acquisitions and calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical audited and/or reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisitions (adjusted for reasonable non-recurring seller expenses and other add-backs to EBITDAE; provided that such add-backs have been approved in writing by 66 2/3% of the Bank Lenders if such add-backs are required to permit the Company on a pro-forma basis to meet the minimum EBITDAE in connection with such Permitted Acquisitions).
Sample 1Sample 2
Minimum EBITDAE. The Company shall not permit EBITDAE to be less than the amounts set forth below for the fiscal periods ending on the dates set forth below: Fiscal Quarter Ending On or About the Date Set Forth Below Minimum EBITDAE December [__], 2002 $[____________________] March [__], 2003 and each fiscal quarter thereafter $[____________________] In each case EBITDAE shall be determined as of the last day of each fiscal quarter for the four-quarter period ending on such last day of such fiscal quarter, taking into account Permitted Acquisitions and calculated, with respect to Permitted Acquisitions, on a pro forma basis using historical audited and/or reviewed unaudited financial statements obtained from the seller(s) in such Permitted Acquisitions (adjusted for reasonable non-recurring seller expenses and other add-backs to EBITDAE; provided that such add-backs have been approved in writing by 66 2/3% of the Bank Lenders if such add-backs are required to permit the Company on a pro-forma basis to meet the minimum EBITDAE in connection with such Permitted Acquisitions).
Sample 1
Minimum EBITDAE. The Borrower shall not permit EBITDAE to be less than the amounts set forth below for the fiscal periods ending on the dates set forth below: December [______], 2002 $[______] March [______], 2003 and each fiscal $[______]
Sample 1

Related to Minimum EBITDAE

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Minimum Consolidated EBITDA Parent will not permit Consolidated EBITDA for any Test Period ended on the last day of a fiscal quarter described below to be less than the respective amount set forth opposite such period below: Fiscal Quarter Ended Closest to Amount --------------- -------- June 30, 1999 $32,000,000 September 30, 1999 $35,500,000 December 31, 1999 $37,000,000 March 31, 2000 $38,000,000 June 30, 2000 $39,000,000 September 30, 2000 $41,000,000 December 31, 2000 $42,000,000 March 31, 2001 $43,000,000 June 30, 2001 $43,500,000 September 30, 2001 $44,000,000 December 31, 2001 $44,500,000 March 31, 2002 $45,000,000 June 30, 2002 $45,500,000 September 30, 2002 $46,000,000 December 31, 2002 $46,500,000 March 31, 2003 $47,000,000 June 30, 2003 $47,500,000 September 30, 2003 $48,000,000 December 31, 2003 $48,500,000 March 31, 2004 $49,000,000 June 30, 2004 $49,500,000 September 30, 2004 $50,000,000 December 31, 2004 $50,500,000 March 31, 2005 $51,000,000

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Maximum Leverage Ratio The Borrower shall not permit its Leverage Ratio to be greater than 2.75 to 1.00 as at the end of each fiscal quarter.

  • EBITDA The term “EBITDA” shall mean, with respect to any fiscal period, “Consolidated EBITDA” as defined in the Credit Agreement, provided that the following should also be excluded from the calculation of EBITDA to the extent not already excluded from the calculation of Consolidated EBITDA under the Credit Agreement: (i) Non-Cash Charges (as defined in the Credit Agreement) related to any issuances of equity securities; (ii) fees and expenses relating to the Acquisition; (iii) financing fees (both cash and non-cash) relating to the Acquisition; (iv) covenant-not-to-compete payments to certain members of the Company’s senior management and related expenses; (v) expenses (or any portion thereof) incurred outside of the ordinary course of business that are approved by the Board which the Board determines in its good faith discretion are in the best interest of the Company but which will have a disproportionately adverse impact on the Company’s short term financial performance, affecting the Company’s ability to achieve financial targets related to the vesting of the Class C Units under the Incentive Unit Subscription Agreements or the Company’s annual bonus plan; (vi) costs and expenses incurred in connection with evaluating and consummating acquisitions not contemplated by the Company’s annual plan, as such plan is approved by the Board in good faith; (vii) related party expenditures that are subject to the prior written consent of the Majority Executives pursuant to Section 2.3(a) of the Securityholders Agreement but have failed to receive such consent; (viii) advisors’ fees and expenses incurred outside the ordinary course of business related solely to Vestar’s activities that are unrelated to the Company; (ix) costs associated with any put option or call option contemplated by any Rollover Subscription Agreement or Incentive Unit Subscription Agreement; (x) costs associated with any proposed initial Public Offering or Sale of the Company (as such terms are defined in the Securityholders Agreement); (xi) expenses related to any litigation arising from the Acquisition; (x) management fees and costs related to the activities giving rise to such fees that are paid to, paid for or reimbursed to Vestar and its Affiliates; and (xii) material expenditures or incremental expenditures inconsistent with prior practice (to the extent that prior practice is relevant) required by Board (where Management Managers (as defined in the Securityholders Agreement) unanimously dissent) unless such expenditures are reasonably likely to result in any benefit (whether economic or non-economic) to the Company as determined by the Board in its good faith discretion.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (i) Current Liabilities minus the current portion of Deferred Revenue of at least 1.15 to 1.00.

  • Quick Ratio Borrower shall maintain, as of the last day of each calendar month, a ratio of Quick Assets to Current Liabilities of at least 2.0 to 1.0.

  • Maximum Leverage Permit, as of any fiscal quarter end, the ratio of (a) Adjusted Portfolio Equity as of such fiscal quarter end to (b) Funded Debt as of such fiscal quarter end, to be less than 5.00 to 1.00.

Most Referenced Clauses

Most Referenced Definitions