EBITDA Event definition

EBITDA Event means (i) any Permitted Acquisition or similar Investment, the aggregate consideration with respect to which is in excess of $25,000,000, (ii) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary, (iii) any designation (or redesignation) of an Unrestricted Subsidiary as a Restricted Subsidiary, (iv) any Distribution on account of the Equity Interests of the Guarantor or (v) any Disposition of a Subsidiary, division or operating unit for which historical financial statements for the relevant period are available.

EBITDA Event means any Permitted Acquisition.

EBITDA Event means (i) any Permitted Acquisition or similar Investment, the aggregate consideration with respect to which is in excess of

Examples of EBITDA Event in a sentence

• The Waiver shall not constitute a waiver of any event, condition, term or provision of or under the Securities Purchase Agreement or the Debenture other than the Existing EBITDA Event of Default or any other EBITDA Event of Default to the extent, in either such case, that it relates to the EBITDA Target Periods specified above, regardless of whether such event or condition exists as of the Effective Date or in the future.

• For the avoidance of doubt, the parties acknowledge that the Waiver shall not apply to any Event of Default arising under Section 6(d)(ix) of the Debenture (each, an "EBITDA Event of Default"), including without limitation the Existing EBITDA Event of Default, to the extent that it relates to an EBITDA Target Period occurring after the Waiver Expiration Date.

• Subject to Section 2.3(b), the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the Prime Rate plus two and three-quarters percent (2.75%); provided that from and after the occurrence of the EBITDA Event, the principal amount outstanding under the Term Loan shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and three-quarters percent (1.75%).

• Subject to Section 2.3(b), the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus two and one-quarter percent (2.25%); provided, that from and after the occurrence of the EBITDA Event, the principal amount outstanding under the Revolving Line shall accrue interest at a floating per annum rate equal to the Prime Rate plus one and one-quarter percent (1.25%).

• For purposes of this Section 3(a), a "Negative EBITDA Event" shall be deemed to have occurred if the Company's "EBITDA" during any 12-month period ending not more than six (6) months prior to the termination of the Executive's Employment Period shall have declined at least 10% from the Company's EBITDA during any preceding 12-month period.

More Definitions of EBITDA Event

EBITDA Event means (i) any Permitted Acquisition or similar Investment, the aggregate consideration with respect to which is in excess of $25,000,000, (ii) any designation of a Restricted Subsidiary as an Unrestricted Subsidiary, (iii) any designation (or redesignation) of an Unrestricted Subsidiary as a Restricted Subsidiary, (iv) any Distribution on account of the Equity Interests of Borrower or (v) any Disposition of a Subsidiary, division or operating unit for which historical financial statements for the relevant period are available.

EBITDA Event means and occur if, at the end of any Accounting Period commencing with the twelve-month period ending December 31, 2003, the Actual EBITDA for the twelve-month period ending on the last day of such Accounting Period is less than $23 million for the twelve-month period ending on the last day of the corresponding Accounting Period.

EBITDA Event means the Acquisition and any Permitted Acquisition, joint venture or Investment (other than an Investment made in the ordinary course of business and other than an Investment in any Subsidiary), in each case permitted hereunder.

EBITDA Event means the date on which Borrower has achieved annualized EBITDA greater than or equal to $350,000,000 for the immediately preceding three (3) calendar months, as evidenced by either (a) the most recent financial statements delivered pursuant to Section 5.1, or (b) a certificate of the chief financial officer or an Authorized Officer of the Borrower acceptable to the Administrative Agent; provided, however, that Borrower agrees to provide, at the time of each scheduled delivery of financial statements delivered pursuant to Section 5.1 covering the applicable months, evidence verifying such previously certified annualized EBITDA calculation.

EBITDA Event is confirmation in writing from Bank that Bank has received from Borrower, on or before June 30, 2016, evidence (satisfactory to Bank in its good faith business judgment) demonstrating that Borrower had Adjusted EBITDA of at least One Dollar ($1.00) during each of two (2) consecutive calendar quarters occurring after the Effective Date (the second of such quarters beginning on the first day after the last day of the first such quarter).

EBITDA Event is evidence satisfactory to Bank, in its reasonable discretion, that Borrow has achieved EBITDA, measured on a trailing three month basis (i) as of September 30, 2013 of at least One Hundred Twenty Five Thousand Dollars ($125,000) or (ii) as of December 31, 2013 of at least One Hundred Seventy Five Thousand Dollars ($175,000).

EBITDA Event means any event listed on Schedule II hereto, or any successor to any such event (notice in writing of which has been given to the Administrative Agent).