MINIMUM OPERATING CASH FLOW AND MINIMUM EBITDA Sample Clauses
MINIMUM OPERATING CASH FLOW AND MINIMUM EBITDA. (a) Commencing with the year ended January 31, 2004, the Borrower will not permit Operating Cash Flow as at the end of any Reference Period (for which an Operating Cash Flow amount is set out) described in the table set forth on Schedule 6.11, annexed hereto to be less than the amount set forth opposite such period in such table.
(b) Commencing with the month ended November 29, 2003, the Borrower will not permit EBITDA as of the end of any Reference Period described in the table set forth on Schedule 6.11, annexed hereto to be less than the amount set forth opposite such period in such table.".
(x) Section 6.12 of the Loan Agreement is hereby deleted in its entirety.
(y) Article XI of the Loan Agreement is hereby amended by inserting the following section at the end of such article:
MINIMUM OPERATING CASH FLOW AND MINIMUM EBITDA. (a) The Borrower will not permit Operating Cash Flow as at the end of any Reference Period to be less than the amount set forth opposite such period in the table set forth on SCHEDULE 6.11 hereto.
(b) At any time that Availability is less than Ten Percent (10%) of the then-current Maximum Revolving Credit Ceiling (i) the Borrower will not permit EBITDA as of the end of the most recently concluded Reference Period for which financial statements have been delivered to be less than the amount set forth opposite such Reference Period in the table set forth on SCHEDULE 6.11 hereto, and (ii) in the event that a judgment is rendered, or a settlement is agreed to, relating to any matter described on SCHEDULE 5.18 to the Closing Certificate, EBITDA will be recalculated for the Reference Period ended immediately prior to the date such judgment is rendered or settlement occurs (and in the case that the financial statements and officer’s certificates to be delivered pursuant to Article 6 for such Reference Period have not yet been delivered, for the two Reference Periods most recently ended prior to the rendering of such judgment or entering into of such settlement).
MINIMUM OPERATING CASH FLOW AND MINIMUM EBITDA. Reference Period Ending With the Month End: Operating Cash Flow Amount EBITDA Reference Period Ending With the Month End: Operating Cash Flow Amount EBITDA