Minimum EBITDAR. Borrowers and their Subsidiaries on a consolidated basis shall have, at the end of each fiscal quarter set forth below, EBITDAR for the 12 month period then ending of not less than the following: Period Ending EBITDAR September 30, 2005 $12,712,000 December 31, 2005 $ 6,170,000 March 31, 2006 $ 3,242,000 June 30, 2006 $14,122,000 September 30, 2006 $16,653,000 December 31, 2006 $16,170,000 March 31, 2007 $16,300,000 June 30, 2007 $16,600,000 September 30, 2007 $16,900,000 December 31, 2007 and each fiscal quarter ending thereafter $17,000,000
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. 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 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. 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. (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 ------------------------------------- ----------------------------
Minimum EBITDAR. The consolidated Borrower shall not permit its EBITDAR to be less than:
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. 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 [***]
Minimum EBITDAR. Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Month set forth below, EBITDAR for the 12-month period then ended (or with respect to each Fiscal Month ended on or prior to October 31, 2005, the period commencing on November 1, 2004 and ending on the last day of such Fiscal Month) of not less than the amount set forth below opposite such Fiscal Month (the "Required EBITDAR") unless (i) the Excess Aggregate Cash On Hand as of such date is not less than $100,000,000 and (ii) (A) the difference of (x) the Required EBITDAR for such period minus (y) the actual EBITDAR for such period does not exceed (B) the lesser of (x) 50% of the Excess Aggregate Cash On Hand and (y) (1) $175,000,000 for the period from March 1, 2005 until October 31, 2005 and (2) $150,000,000 thereafter. Fiscal Month EBITDAR ------------ ------- May 2005 $ 135,000,000 June 2005 $ 302,000,000 July 2005 $ 498,000,000 August 2005 $ 647,000,000 September 2005 $ 658,000,000 October 2005 $ 757,000,000 November 2005 $ 831,000,000 December 2005 $ 860,000,000 January 2006 $ 936,000,000 February 2006 $1,011,000,000 March 2006 $1,088,000,000 April 2006 $1,211,000,000 May 2006 $1,287,000,000 June 2006 $1,347,000,000 July 2006 $1,341,000,000 August 2006 $1,368,000,000 September 2006 $1,411,000,000 October 2006 $1,437,000,000 November 2006 $1,497,000,000 December 2006 $1,558,000,000 January 2007 $1,617,000,000 February 2007 $1,674,000,000 March 2007 $1,728,000,000 April 2007 $1,774,000,000 May 2007 $1,818,000,000 June 2007 $1,855,000,000 July 2007 $1,886,000,000 August 2007 $1,922,000,000 September 2007 $1,950,000,000 October 2007 $1,980,000,000 November 2007 $2,008,000,000
