Minimum EBITDAX Sample Clauses

Minimum EBITDAX. The Company EBITDAX for the four (4) consecutive fiscal quarter periods ending prior to the Closing Date for which quarterly financial information shall then be available (it being understood and agreed that the Company shall make available such financial information no more than 40 days after the end of the applicable quarter) shall not be less than 70% of Company EBITDAX for the year ended December 31, 2013, and the Company shall have furnished Parent with a certificate dated the Closing Date, signed on its behalf by its chief executive officer and its chief financial officer, certifying that the condition set forth in this Section 6.2(f) has been satisfied and setting forth the Company’s calculation of Company EBITDAX, which calculation shall be presented in the form of Exhibit C hereto.
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Minimum EBITDAX. Borrower’s EBITDAX (on a consolidated basis), on a rolling four-quarter basis ending , is $ , which amount [is/is not] greater than or equal to the amount set forth in Section 7.20(a)(i) of the Credit Agreement for the corresponding period.
Sample 1
Minimum EBITDAX. Prior to the Cash Collateral Discharge Date, the Parent will not permit Consolidated EBITDAX for any Test Period ending on the last day of any fiscal quarter of the Parent set forth below to be less than the amount set forth opposite such fiscal quarter below: Fiscal Quarter Ending Amount June 30, 2011 $ 60,000,000 September 30, 2011 $ 70,000,000 December 31, 2011 $ 90,000,000 March 31, 2012 $ 100,000,000 June 30, 2012 $ 120,000,000 September 30, 2012 $ 140,000,000 December 31, 2012 $ 180,000,000 March 31, 2013 $ 200,000,000 June 30, 2013 $ 200,000,000 90
Sample 1
Minimum EBITDAX. Borrower's EBITDAX (on a consolidated basis), on a ---------------- rolling four-quarter basis ending _________, ________ is $______________, which amount [IS/IS NOT] greater than or equal to the amount set forth in SECTION ------- 7.21(A) of the Credit Agreement for the corresponding period. ---
Sample 1
Minimum EBITDAX. Holdings will not permit Consolidated EBITDAX for any Test Period ending on the last day of any fiscal quarter of Holdings set forth below to be less than the amount set forth opposite such fiscal quarter below: Fiscal Quarter Ending Amount September 30, 2010 $ 45,000,000 December 31, 2010 $ 50,000,000 March 31, 2011 $ 55,0000,00 June 30, 2011 $ 60,000,000 September 30, 2011 $ 70,000,000 December 31, 2011 $ 90,000,000 March 31, 2012 $ 100,000,000 June 30, 2012 $ 120,000,000 September 30, 2012 $ 140,000,000 December 31, 2012 $ 180,000,000 March 31, 2013 $ 200,000,000 June 30, 2013 $ 200,000,000
Sample 1

Related to Minimum EBITDAX

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

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

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

  • Quick Ratio A ratio of Quick Assets to Current Liabilities of at least 2.00 to 1.00.

  • Adjusted Quick Ratio A ratio of Quick Assets to Total Liabilities minus Deferred Revenue of at least 1.5 to 1.0; and

  • Total Net Leverage Ratio The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

  • Net Leverage Ratio Subject to the proviso set forth in Section 10.3, the Company will not permit the Consolidated Net Leverage Ratio at any time during any period of four consecutive fiscal quarters of the Company to be greater than (a) 3.50 to 1.00 or (b) during an Acquisition Holiday Period, 4.00 to 1.00.

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