Borrower EBITDA definition
Examples of Borrower EBITDA in a sentence
Permit the ratio of (i) Annualized Borrower EBITDA for any fiscal quarter of the Borrower to (ii) Annualized Cash Interest Expense for such fiscal quarter to be less than 2.00 to 1.00.
Permit on any date during the term of this Agreement, the ratio of (i) Consolidated Net Debt on such date to (ii) Annualized Borrower EBITDA for the fiscal quarter of the Borrower most recently ended on or prior to such date to exceed 6.50 to 1.00.
Notwithstanding anything contained in this Agreement to the contrary, effective with the Calculation Date occurring on December 31, 1999, the financial covenants set forth in Sections 4I.[1], 4I.[2], and 4I.[3] of this Agreement and all other calculations required by this Agreement, including the calculations contained in the "Limitation of Commitment" Section of this Agreement, shall be calculated using EBITDA instead of Modified Borrower EBITDA.
Notwithstanding anything contained in this Agreement to the contrary, effective with the Calculation Date occurring on December 31, 1999, the financial covenants set forth in Sections 4I.[1], 4I.[2], and 4I.[3] of this Agreement shall be calculated using EBITDA instead of Modified Borrower EBITDA.
Maintain, measured as of the end of each fiscal quarter, trailing 12 month EBITDA of at least the following: September 30, 2010 $(25,000,000) December 31, 2010 $0 March 31, 2011 and thereafter $5,000,000 or as established by Bank based on projections provided by Borrower EBITDA shall be deemed to be $3,379,000 for the fiscal quarter ending September 30, 2009, $6,237,000 for the fiscal quarter ending December 31, 2009, and ($7,803,000) for the fiscal quarter ending March 31, 2010.