Quarterly EBITDA. Borrower will maintain:
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: 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.
Quarterly EBITDA. Borrower will, at the end of each fiscal quarter, maintain a minimum quarterly EBITDA of at least the following:
(i) Section 4.9 of the Agreement, which relates to Tangible Net Worth, is hereby deleted in its entirety and replaced with the following:
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.
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: 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
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.
Quarterly EBITDA. Borrower will, at the end of each fiscal quarter, maintain a minimum EBITDA of at least One Million Dollars ($1,000,000) for the fiscal quarter ended June 30, 2015 and the following amounts for each fiscal quarter thereafter: 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 Two Million Dollars ($2,000,000) ending December 31st
(i) Section 4.9 of the Agreement, which relates to Tangible Net Worth, is hereby deleted in its entirety.
(j) Section 5.2 of the Agreement, which relates to Borrowings, is hereby amended by deleting subsection iv) allowing for Five Million Dollars ($5,000,000) in convertible subordinated promissory notes to the former owners of Autotropolis, Inc. and Cyber Ventures, Inc.
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.”
Quarterly EBITDA. From and after the Effective Date, Section ----------------- 6.7
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
