Minimum TTM EBITDA. Achieve TTM 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: Applicable Amount Applicable Period $8,100,000 For the 12 month period ending July 31, 2011 $8,200,000 For the 12 month period ending October 31, 2011 $7,700,000 For the 12 month period ending January 31, 2012 $8,600,000 For the 12 month period ending April 30, 2012 $10,000,000 For the 12 month period ending July 31, 2012 $10,500,000 For the 12 month period ending October 31, 2012 $11,500,000 For the 12 month period ending January 31, 2013 $11,500,000 For the 12 month period ending April 30, 2013 $11,900,000 For the 12 month period ending July 31, 2013 $12,300,000 For the 12 month period ending October 31, 2013 $12,800,000 For the 12 month period ending January 31, 2014 $13,200,000 For the 12 month period ending April 30, 2014 $13,500,000 For the 12 month period ending on the last day of each fiscal quarter thereafter
Minimum TTM EBITDA. Permit TTM EBITDA to be less than the required amount set forth in the following table for the applicable period set forth opposite thereto: Applicable Amount Applicable Period $14,000,000 For the 12- month period ending March 31, 2008 $14,500,000 For the 12- month period ending June 30, 2008 $14,850,000 For the 12- month period ending September 30, 2008 $15,200,000 For the 12- month period ending December 31, 2008 $15,550,000 For the 12- month period ending March 31, 2009 $15,900,000 For the 12- month period ending June 30, 2009 $16,400,000 For the 12- month period ending September 30, 2009 $16,900,000 For the 12- month period ending December 31, 2009 $17,400,000 For the 12- month period ending March 31, 2010 and ending each fiscal quarter thereafter”
Minimum TTM EBITDA. Borrowers' TTM EBITDA, measured on a quarter-end basis, for the quarter period ending _________, ________ is $______________, which amount [is/is not] greater than or equal to the amount set forth in Section 7.18(a)(i) of the Loan Agreement for the corresponding period.
Minimum TTM EBITDA. Permit TTM EBITDA to be less than (i) $13,000,000 as of the end of the fiscal quarters ending March 31, 2009, June 30, 2009 and September 30, 2009, (ii) $13,500,000 as of the end of the fiscal quarters ending December 31, 2009 and March 31, 2010, and (iii) $14,000,000 as of the end of each fiscal quarter thereafter."
Minimum TTM EBITDA. TTM 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: ------------------------------------------------------------------------- Applicable Amount Applicable Period ------------------------------------------------------------------------- $18,600,000 For the 12 month period ending March 31, 2005 ------------------------------------------------------------------------- $17,800,000 For the 12 month period ending June 30, 2005 ------------------------------------------------------------------------- $23,600,000 For the 12 month period ending September 30, 2005 ------------------------------------------------------------------------- $25,500,000 For the 12 month period ending December 31, 2005 ------------------------------------------------------------------------- $26,000,000 For the 12 month period ending March 31, 2006 ------------------------------------------------------------------------- $27,000,000 For the 12 month period ending June 30, 2006 and each 12 month period ending on each fiscal quarter end thereafter -------------------------------------------------------------------------
Minimum TTM EBITDA. A. Consolidated EBITDA for four consecutive fiscal quarters ending on above date (“Subject Period”):
Minimum TTM EBITDA. Borrower’s and its Subsidiaries’ TTM EBITDA, measured on a quarter-end basis, for the quarter period ending _________, ________ is $______________, which amount [is/is not] greater than or equal to the amount set forth in Section 7(a) of the Credit Agreement for the corresponding period. EXHIBIT L-1 FORM OF LIBOR NOTICE Wxxxx Fargo Capital Finance, LLC, as Agent under the below referenced Credit Agreement 2000 Xxxxxxxx Xxxxxx Xxxxx 0000 Xxxx Xxxxx Xxxxxx, Xxxxxxxxxx 00000 Ladies and Gentlemen: Reference hereby is made to that certain Credit Agreement, dated as of June __, 2011 (the “Credit Agreement”), among Unify Corporation, a Delaware corporation (“Borrower”), the lenders signatory thereto (the “Lenders”), and Wxxxx Fargo Capital Finance, LLC, a Delaware limited liability company, as administrative agent for the Lenders (“Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. This LIBOR Notice represents Borrower’s request to elect the LIBOR Option with respect to outstanding Advances [or the Term Loan] in the amount of $________ (the “LIBOR Rate Advance”)[, and is a written confirmation of the telephonic notice of such election given to Agent]. The LIBOR Rate Advance will have an Interest Period of [1, 2, or 3] month(s) commencing on _______________. This LIBOR Notice further confirms Borrower’s acceptance, for purposes of determining the rate of interest based on the LIBOR Rate under the Credit Agreement, of the LIBOR Rate as determined pursuant to the Credit Agreement. Borrower represents and warrants that (i) as of the date hereof, each representation or warranty contained in or pursuant to any Loan Document or any agreement, instrument, certificate, document or other writing furnished at any time under or in connection with any Loan Document, and as of the effective date of any advance, continuation or conversion requested above, is true and correct in all material respects (except to the extent any representation or warranty expressly related to an earlier date), (ii) each of the covenants and agreements contained in any Loan Document have been performed (to the extent required to be performed on or before the date hereof or each such effective date), and (iii) no Default or Event of Default has occurred and is continuing on the date hereof, nor will any thereof occur after giving effect to the request above. Dated: UNIFY CORPORATION, a Delaware corporation, as Borr...
Minimum TTM EBITDA. Commencing on the Closing Date and continuing until the day immediately preceding the first day of the Leverage Ratio Covenant Period, achieve TTM EBITDA, measured on a quarter-end basis, of at least the applicable amount set forth in the following table for the applicable date set forth opposite thereto: Quarter Ending TTM EBITDA March 31, 2013 $ (5,000,000 ) June 30, 2013 $ (8,000,000 ) September 30, 2013 $ (10,500,000 ) December 31, 2013 $ (10,000,000 ) March 31, 2014 $ (7,500,000 ) June 30, 2014 $ (7,500,000 ) September 30, 2014 $ (7,500,000 ) December 31, 2014 $ (7,000,000 ) March 31, 2015 $ (6,500,000 ) June 30, 2015 $ (5,000,000 ) September 30, 2015 $ (3,500,000 ) December 31, 2015 $ (2,000,000 ) March 31, 2016 $ 1,000,000 June 30, 2016 $ 2,000,000 September 30, 2016 $ 2,000,000 December 31, 2016 $ 2,000,000
Minimum TTM EBITDA. Permit TTM EBITDA to be less than $15,000,000 as of the end of each fiscal quarter ending after the Amendment No. 3 Effective Date.”
Minimum TTM EBITDA. TTM EBITDA, measured as of the end of each fiscal quarter specified in the following table of no less than the applicable amount set forth opposite thereto: Applicable Amount Fiscal Quarter Ending $ 13,000,000 September 30, 2005 $ 12,400,000 December 31, 2005 $ 11,000,000 March 31, 2006 $ 11,000,000 June 30, 2006 $ 17,000,000 September 30, 2006 and the last day of each fiscal quarter thereafter”
