Minimum EBITDAR. At the end of each Fiscal Month set forth below, the amount equal to the sum of EBITDAR for the 4-month period then ended of the Borrowers and their Subsidiaries on a consolidated basis shall not be less than the amount set forth below opposite such Fiscal Month. March 2009 $54,200,000 April 2009 $33,800,000 May 2009 $43,500,000 June 2009 $74,700,000 July 2009 $79,700,000 August 2009 $94,300,000 September 2009 $81,800,000 October 2009 $65,500,000 November 2009 $41,700,000
Minimum EBITDAR. Permit the EBITDAR for any Test Period (beginning with the Test Period ending on the last day of the first full fiscal quarter ending after the Closing Date), solely to the extent that on the last date of such Test Period the Testing Condition is satisfied, to be less than $87,700,000.
Minimum EBITDAR. The Borrower shall not permit EBITDAR for the fiscal quarter ending January 30, 2021 to be less than $650,000,000 for such fiscal quarter, tested as of the last day of such fiscal quarter.
Minimum EBITDAR. The pro forma financial statements delivered to the Lender pursuant to Section 3.1(h)(ii) shall show pro forma Consolidated Adjusted EBITDAR of Holdings and its Subsidiaries after giving effect to the Transactions (calculated with such additional adjustments that Administrative Agent agrees are appropriate) for the twelve-month period ended October 31, 2009, and for the latest twelve-month period for which financial statements are available, of not less than $115,000,000.
Minimum EBITDAR. (a) The Borrower shall have, as of the last day of each Fiscal Month set forth below, EBITDAR for the twelve Fiscal Months ending on such day (or with respect to the Fiscal Months ending on or before October 1, 2005, the period commencing on October 3, 2004 and ending on the last day of such Fiscal Month) of not less than the amount set forth opposite such Fiscal Month: ------------------------------------- ---------------------------- Fiscal Month Minimum EBITDAR Ending on or Around ------------------------------------- ---------------------------- March 31, 2005 ($4,500,000) ------------------------------------- ---------------------------- April 30, 2005 ($7,000,000) ------------------------------------- ---------------------------- May 31, 2005 ($8,500,000) ------------------------------------- ---------------------------- June 30, 2005 ($11,000,000) ------------------------------------- ---------------------------- July 31, 2005 ($13,000,000) ------------------------------------- ---------------------------- August 31, 2005 ($14,000,000) ------------------------------------- ---------------------------- September 30, 2005 ($16,000,000) ------------------------------------- ---------------------------- October 31, 2005 ($12,500,000) ------------------------------------- ---------------------------- November 30, 2005 ($6,000,000) ------------------------------------- ---------------------------- December 31, 2005 $0 ------------------------------------- ----------------------------
(b) The Borrower shall have, as of the last day of the Fiscal Month ending on or around January 31, 2006 and each Fiscal Month thereafter, EBITDAR for the twelve Fiscal Months ending on such day of not less than amounts to be established by the Administrative Agent, pursuant to the last paragraph of this Article V, in its sole discretion exercised reasonably and in accordance with customary business practices for its comparable asset based transactions.
Minimum EBITDAR. At the end of each Fiscal Month set forth below, the amount equal to the sum of (i) EBITDAR for the 12-month period then ended of Borrower and its Subsidiaries on a consolidated basis plus (ii) the lesser of (A) 100% of the Excess Aggregate Cash On Hand as of such date and (B) $250,000,000 shall not be less than the amount set forth below opposite such Fiscal Month (the "Required EBITDAR"). Fiscal Month EBITDAR ------------ ------------- (in millions) October 2005 571 November 2005 628 December 2005 644 January 2006 672 February 2006 681 March 2006 704 April 2006 745 May 2006 779 June 2006 830 July 2006 907 August 2006 1,015 September 2006 1,104 October 2006 1,210 November 2006 1,290 December 2006 1,372 January 2007 1,560 February 2007 1,625 March 2007 1,691 April 2007 1,731 May 2007 1,769 June 2007 1,806 July 2007 1,843 August 2007 1,875 September 2007 1,903 October 2007 1,935 November 2007 1,963 December 2007 1,988 January 2008 2,000 February 2008 2,000 March 2008 2,000
Minimum EBITDAR. The consolidated Borrower shall not permit its EBITDAR to be less than:
(i) for the Fiscal Quarter ending June 30, 2013, $1,537,500 measured as of the last day of the trailing three (3) month period;
(ii) for the Fiscal Quarter ending September 30, 2013, $3,075,000 measured as of the last day of the trailing six (6) month period;
(iii) for the Fiscal Quarter ending December 31, 2013, $4,612,500 measured as of the last day of the trailing nine (9) month period; and
(iv) for the Fiscal Quarter ending March 31, 2014, and for each Fiscal Quarter thereafter, $6,150,000 measured as of the last day of the trailing twelve (12) month period; DM3\2429630.8 provided, Administrative Agent acknowledges the minimum EBITDAR herein will need to be adjusted to a mutually acceptable dollar amount as a result of any HUD Financing in accordance with Section 6.8.
Minimum EBITDAR. The consolidated Borrower shall not permit its EBITDAR to be less than $3,300,000, measured as of the last day of each Fiscal Quarter for the trailing twelve (12) month period; provided, Administrative Agent acknowledges the minimum EBITDAR herein will need to be adjusted to a mutually acceptable dollar amount as a result of any HUD Financing in accordance with Section 6.8.
Minimum EBITDAR. The Borrowers shall not permit EBITDAR calculated at the end of any Fiscal Quarter during the term of this Agreement commencing with the Fiscal Quarter ending March 31, 2022, to be less than the applicable Minimum EBITDAR Amount; provided, however, that for purposes of (i) the Fiscal Quarter ending Mxxxx 00, 0000, XXXXXXX shall be calculated on a trailing three month basis and multiplied by 4, (ii) the Fiscal Quarter ending June 30, 2022, EBITDAR shall be calculated on a trailing six month basis and multiplied by 2, (iii) the Fiscal Quarter ending September 30, 2022, EBITDAR shall be calculated on a trailing nine month basis and multiplied by 1.33 and (iv) the Fiscal Quarter ending December 31, 2022 and each Fiscal Quarter ending thereafter, EBITDAR shall be calculated on a trailing twelve month basis.
Minimum EBITDAR. Receipt by the Administrative Agent of a certificate of the Borrower Representative’s chief financial officer, in form, substance and detail satisfactory to the Administrative Agent demonstrating that the Consolidated EBITDAR of the Consolidated Group (as adjusted in a manner satisfactory to the Administrative Agent) for the twelve month period ended June 30, 2016 is equal to or greater than $185,000,000.
