Modified EBITDA Sample Clauses

Modified EBITDA. Have at all times, to be tested as of the last day of each month, Modified EBITDA minus capital expenditures for the three-month period ending on such date of at least (i) [*] for the three-month period ending on Xxxxx 00, 0000, (xx) [*] for the three-month period ending on Xxxxx 00, 0000, (xxx) [*] for the three-month period ending on May 31, 2017, (iv) [*] for the three-month periods ending on June 30, 2017 and July 31, 2017, (v) [*] for the three-month period ending on August 31, 2017, (vi) [*] for the three-month period ending on September 30, 2017, (vii) [*] for the three-month period ending on October 31, 2017, (viii) [*] for the three-month period ending on November 30, 2017, (ix) [*] for the three-month period ending on December 31, 2017 and (x) [*] for the three-month period ending on January 31, 2018 and for each three-month period ending on last day of each month thereafter.
Sample 1
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Modified EBITDA. Measured on a quarterly basis, Borrower shall achieve a minimum Modified EBITDA on a rolling two quarter basis of at least the following: For quarter ending December 31, 2010: ($7,600,000) For quarter ending March 31, 2011: ($5,000,000) For quarter ending June 30, 2011: ($600,000) For quarter ending September 30, 2011: $800,000. For fiscal years 2012 and beyond, Borrower shall achieve a minimum Modified EBITDA as of the end of each quarter as are reasonably determined by Bank based on Borrower’s Financial Plan for such year and consistent with the methodology used to determine the minimum Modified EBITDA amounts set forth above.
Sample 1
Modified EBITDA. (Section 6.7(a)) (tested quarterly) Required: Modified EBITDA of at least ($25,000,000.00) for each of the twelve-month periods ending on the last day of the fiscal quarters ending December 31, 2015, March 31, 2016, June 30, 2016, September 30, 2016 and December 31, 2016.
Sample 1
Modified EBITDA. (Section 6.7(a)) (tested quarterly) Required: Modified EBITDA on a cumulative basis for such calendar year of at least ($35,000,000.00) for the calendar year ending December 31, 2013
Sample 1
Modified EBITDA. (Section 6.7(a)) (tested quarterly) Required: Modified EBITDA (a) on a cumulative basis for such calendar year of at least ($35,000,000.00) for the calendar year ending December 31, 2013 and (b) of at least (i) ($35,000,000.00) for the twelve-month period ending on the last day of the fiscal quarter ending Xxxxx 00, 0000, (xx) ($35,000,000.00) for the twelve-month period ending on the last day of the fiscal quarter ending June 30, 2014, (iii) ($30,000,000.00) for the twelve-month period ending on the last day of the fiscal quarter ending September 30, 2014, and (iv) ($25,000,000.00) for the twelve-month period ending on the last day of the fiscal quarter ending December 31, 2014. *On and after January 1, 2014, all values are for the immediately preceding 12 month period
Sample 1

Related to Modified EBITDA

  • 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.

  • 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

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

  • 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.

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

  • 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.

  • Maximum Senior Leverage Ratio Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, a Senior Leverage Ratio as of the last day of such Fiscal Quarter and for the 12-month period then ended of not more than 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.

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