Quarterly EBITDA Sample Clauses

Quarterly EBITDA. Borrower will maintain a minimum quarterly EBITDA of at least the following amounts for each of the following fiscal quarters thereafter, with no minimum quarterly EBITDA requirement for the fiscal quarter ending December 31st each year: Minimum Amount Quarter One Million Five Hundred Thousand Dollars ($1,500,000) ending March 31st One Million Seven Hundred Fifty Thousand Dollars ($1,750,000) ending June 30th Two Million Two Hundred Fifty Thousand Dollars ($2,250,000) ending Sept. 30th
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Quarterly EBITDA. Borrower will maintain:
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Quarterly EBITDA. The Company shall not at any time permit the Consolidated Adjusted EBITDA for any fiscal quarter of the Company to be less than the amount set forth below for such quarter as follows: Quarter Ending Minimum Quarterly EBITDA 12/31/01 $1,500,000 03/31/02 $2,000,000 06/30/02 $3,000,000 09/30/02 $2,600,000 12/31/02 $2,700,000 03/31/03 $3,100,000 06/30/03 $3,200,000 09/30/03 $3,500,000 12/31/03 $3,500,000 plus or minus, in each case (as applicable), the Adjusted Amount. For purposes hereof, the “Adjusted Amount” for any calculation period shall be equal to (a) for each Acquired Business, the Acquisition of which was consummated after December 31, 2001, 85% of the aggregate EBITDA of such Acquired Business for the 12 month period preceding the date of Acquisition multiplied by 0.25 (or multiplied by 0.08333 in the case of Section 9.1(a)), less (b) for each Disposed Business, the Disposition of which was consummated after December 31, 2001, 85% of the aggregate EBITDA of such Disposed Business for the 12 month period preceding the date of Disposition multiplied by 0.25 (or multiplied by 0.08333 in the case of Section 9.1(a)). To the extent that the amount in clause (a) exceeds the amount in clause (b), the Adjusted Amount shall be a positive amount. To the extent that the amount in clause (b) exceeds the amount in clause (a), the Adjusted Amount shall be a negative amount. The Credit Agreement is further amended so that Schedule 2 to Exhibit C shall be replaced by a revised Schedule 2 which (a) shall reflect the provisions of Sections 9.1 and 9.3 as herein amended, and (b) shall be in form and substance satisfactory to the Agent.
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Quarterly EBITDA. Commencing with the quarter ended September 30, 2017, the Company shall maintain EBITDA of at least $1,000,000 for each quarter while this Debenture is outstanding.
Sample 1
Quarterly EBITDA. As of the last day of each fiscal quarter of the Borrower occurring during one of the periods below, the Borrower shall maintain EBITDA for the respective period then ended at not less than the amount set forth below: FROM AND TO AND EBITDA SHALL INCLUDING INCLUDING NOT BE LESS THAN 1/4/1999 4/4/1999 $ 6,000,000 1/4/1999 7/4/1999 $18,500,000 1/4/1999 10/3/1999 $33,500,000 1/4/1999 1/2/2000 $51,000,000
Sample 1
Quarterly EBITDA. Borrower shall maintain minimum EBITDA of not less than (i) $1,000,000 below the Agreed Forecast for the trailing three months ending as of the fiscal quarter ending May 2013, (ii) $1,500,000 below the Agreed Forecast for the trailing six months ending as of the fiscal quarters ending August 2013 and November 2013, and (iii) $1,250,000 below the Agreed Forecast for the trailing six months ending as of each of the fiscal quarters ending thereafter.
Sample 1
Quarterly EBITDA. Not permit Borrower’s consolidated EBITDA, calculated for the three (3) month fiscal quarter ending September 27, 2008, to be less than $1,700,000.”
Sample 1
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Quarterly EBITDA. From and after the Effective Date, Section ----------------- 6.7(b)(i) (Financial Covenants) of the Loan Agreement is hereby amended and restated in its entirety as follows:
Sample 1

Related to Quarterly EBITDA

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

  • Quarterly Bonus The Employee shall be eligible to be paid a quarterly bonus earned in accordance with the terms set forth on Exhibit 3.2.

  • 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 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

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • Quarterly Financials To Agent, within forty-five (45) days after the end of the first three Fiscal Quarters of each Fiscal Year, consolidated financial information regarding Parent Borrower and its consolidated Restricted Subsidiaries, certified by a Financial Officer of Parent Borrower, including (i) unaudited balance sheets as of the close of such Fiscal Quarter and (ii) unaudited statements of income and cash flows for such Fiscal Quarter, in each case setting forth in comparative form the figures for the corresponding period in the prior year and the related statements of income and cash flow for that portion of the Fiscal Year ending as of the close of such Fiscal Quarter, all prepared in accordance with GAAP (subject to absence of footnotes and normal year-end adjustments). Such financial information shall be accompanied by (A) a statement in reasonable detail (each, a “Compliance Certificate”) showing the calculations used in determining compliance with the financial covenant set forth in Section 7.10, if applicable, and (B) including the certification of a Financial Officer of Parent Borrower that (i) such financial information fairly presents, in all material respects in accordance with GAAP (except as approved by accountants or officers, as the case may be, and disclosed in reasonable detail therein, including the economic impact of such exception, and subject to normal year-end adjustments and the absence of footnote disclosure), the financial position, results of operations and statements of cash flows of Parent Borrower and its consolidated Restricted Subsidiaries, on a consolidated basis, as at the end of such Fiscal Quarter and for that portion of the Fiscal Year then ended, and (ii) that no Default or Event of Default has occurred and is continuing as of such time or, if a Default or Event of Default has occurred and is continuing, describing the nature thereof and all efforts undertaken to cure such Default or Event of Default. In addition, Borrowers shall deliver to Agent and Lenders, within forty-five (45) days after the end of each of the first three Fiscal Quarters of each Fiscal Year, a management discussion and analysis that includes a comparison of performance for that Fiscal Quarter to the corresponding period in the prior year.

  • 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 Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

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