Minimum Pro Forma EBITDA Sample Clauses

Minimum Pro Forma EBITDA. The Administrative Agent shall have received evidence reasonably satisfactory thereto provided by the Parent Borrower that Pro Forma EBITDA of the Borrowers and their Subsidiaries is not less than $9,300,000 for the twelve fiscal month period ending as of the fiscal quarter end most recently occurring prior to the Closing Date for which such information is available.
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Minimum Pro Forma EBITDA. The Administrative Agent shall have received evidence satisfactory to it provided by the Borrower that pro forma Consolidated EBITDA of the Borrower and its Subsidiaries, as determined by the Administrative Agent and taking into account appropriate add-backs of up to $26,000,000 relating to the Acquisition, was not less than $240,000,000.
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Minimum Pro Forma EBITDA. The EBITDA of the Borrower and its Subsidiaries calculated on a consolidated basis for the period of eleven months ended on November 30, 2014 shall be at least equal to $13,811,000.
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Minimum Pro Forma EBITDA. As of any fiscal quarter end, permit Pro Forma EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date to be less than the sum of (x) 85% of Acquired EBITDA for the period commencing on the Closing Date and at all times thereafter through the applicable fiscal quarter end and (y) the amount set forth below which corresponds to such fiscal quarter: ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- FISCAL YEAR 0XX XXXXXXX 0XX XXXXXXX 0XX XXXXXXX 0XX QUARTER ----------- ----------- ----------- ----------- ----------- ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- 1999 26,000,000 29,000,000 32,000,000 34,000,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- 2000 35,000,000 36,000,000 38,000,000 40,000,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- 2001 and thereafter 40,000,000 40,000,000 40,000,000 40,000,000 ------------------------- ---------------------- ----------------------- ---------------------- ---------------------- ARTICLE XI NEGATIVE COVENANTS Until all of the Obligations have been paid and satisfied in full and the Commitments terminated, unless consent has been obtained in the manner set forth in SECTION 14.11, the Borrowers have not and will not permit their Subsidiaries to:
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Minimum Pro Forma EBITDA. Section 5.12 of the Credit Agreement is hereby amended in its entirety to read as follows:
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Minimum Pro Forma EBITDA. The FDC Group will achieve Pro Forma EBITDA, on a combined basis and prior to deduction of the One-Time Charges, as of each Covenant Computation Date, amounts not less than the amounts set forth opposite the applicable Covenant Computation Periods set forth below: Covenant Computation Minimum Periods (ending on or near) Pro Forma EBITDA --------------------------- ---------------- 01/31/2001 and 02/28/2001 $4,500,000 03/31/2001, 04/30/2001 and $5,500,000 05/31/2001 06/30/2001, 07/31/2001 and $5,750,000 08/31/2001 09/30/2001, 10/31/2001 and $6,000,000 11/30/2001 12/31/2001 and thereafter $6,500,000
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Minimum Pro Forma EBITDA. As of the end of any fiscal ------------------------ quarter, permit Pro Forma EBITDA for the period of four (4) consecutive fiscal quarters ending on such date, to be less than the sum of (i) eighty-five percent (85%) of Pro Forma EBITDA for such period of four (4) consecutive fiscal quarters of entities acquired during such period (other than entities acquired prior to April 28, 1999) plus (ii) the amount set forth below for any such date ---- during the corresponding period set forth below: Period Amount ------ ------ Closing Date through and including December 31, 1999 $46,000,000 January 1, 2000 through and including December 31, 2000 $49,000,000 January 1, 2001 through and including December 31, 2001 $52,000,000 January 1, 2002 through and including December 31, 2002 $54,000,000 January 1, 2003 through and including December 31, 2003 $56,000,000 January 1, 2004 through and including December 31, 2004 $59,000,000 January 1, 2005 and thereafter $62,000,000
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Related to Minimum Pro Forma EBITDA

  • 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 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.

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

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of REIT and its Subsidiaries for such period determined on a Consolidated basis.

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

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Maximum Leverage Ratio The Borrower will not permit the Leverage Ratio as of the end of any fiscal quarter to be greater than 0.55 to 1.00.

  • Total Net Leverage Ratio Holdings and its Restricted Subsidiaries, on a consolidated basis, shall not permit the Total Net Leverage Ratio on the last day of any Test Period to exceed the ratio set forth below opposite the last day of such Test Period:

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