EBITDA Milestone definition

EBITDA Milestone means: (a) for the period from the date hereof until December 31, 2006, eight hundred seventy-five thousand dollars ($875,000), and (b) for each of the calendar years ending December 31, 2007, 2008 and 2009, three million five hundred thousand dollars ($3,500,000).
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EBITDA Milestone amounts therefor set forth on Schedule C hereto (each, a “Xxxxx 0 XXXXXX Xxxxxxxxx”), then Purchaser shall issue and/or deliver to each Seller such Seller’s Earn-Out Portion of additional consideration (“Level 2 Contingent Consideration”) as set forth in the corresponding “Contingent Consideration” column of such Schedule C. For the avoidance of doubt, not more than $7,500,000 of value in the aggregate shall be payable as Xxxxx 0 Xxxxxxxxxx Xxxxxxxxxxxxx under this Agreement; and
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EBITDA Milestone means, with respect to Borrower, positive EBITDA for both (a) three (3) consecutive fiscal quarters and (b) for the applicable trailing twelve (12) month period.
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Examples of EBITDA Milestone in a sentence

  • The Company shall achieve at least $4,000,000 in Adjusted EBITDA, on a consolidated basis with each of the Subsidiaries for the fiscal year ending December 31, 2010, as disclosed in the Company's Form 10-K for the fiscal year ending December 31, 2010 (the "2010 EBITDA Milestone", the date of disclosure of such 2010 EBITDA Milestone, including any permitted extensions, the "2010 EBITDA Milestone Date" and such 10-K, the "2010 10-K").

  • For purposes of clarification, in the event that the Company fails to achieve the 2010 EBITDA Milestone, after the date of the 2010 EBITDA Milestone Date, the Holder is entitled to receive a number of Warrant Shares based upon the calculations in this Section 3(b)(ii) regardless of whether the Holder accurately refers to the reduced exercise price calculated pursuant to this Section in the Notice of Exercise.

  • For purposes herein, “2010 EBITDA Milestone Price” means a price calculated as the Per Share Purchase Price multiplied by a fraction of which the numerator is the Adjusted EBITDA for the fiscal year ending December 31, 2010 and the denominator is $4,000,000.

  • For purposes herein, "2010 EBITDA Milestone Price" means a price calculated as the Per Share Purchase Price multiplied by a fraction of which the numerator is the Adjusted EBITDA for the fiscal year ending December 31, 2010 and the denominator is $4,000,000.

  • For the avoidance of doubt, the Consultant may only receive a one-time payment of the EBITDA Milestone Bonus in each fiscal quarter, upon the Company’s achievement of the applicable EBITDA Milestone, and the Company will not make further payments to the Consultant as the EBITDA Milestone Bonus even upon achievement of an EBITDA Milestone in the same fiscal quarter which value exceeds the value of the first EBITDA Milestone the Consultant has achieved in such fiscal quarter.

  • By way of illustration and not limitation, if during the first Earn-Out Period (the Earn-Out Period between the Closing Date through December 31, 2014), the total EBITDA earned by the Company is $550,000, the excess $100,000 above the applicable EBITDA Milestone would be divided so that $50,000 would be paid to Sellers (with each Seller receiving his or her Pro Rata Share as additional Purchase Price), and the remaining $50,000 would be retained by the Buyer.

  • The EBITDA Milestone for a Tranche is achieved if the Company’s EBITDA (as defined below) equals or exceeds the EBITDA threshold amount set forth in the Milestone Table for such Tranche for any fiscal year during the EBITDA Measurement Period.

  • As of the Grant Date, there were ___ Adjusted EBITDA Milestones remaining._________ Shares are eligible to vest based on the achievement of each additional Adjusted EBITDA Milestone, which is evaluated annually based on the Company’s annual audited financial statements.

  • Last date of the Test Period 3-months EBITDA Milestone, $ ths 3-months Net Working Capital Turnover Milestone, days XXXXXX XXXXXX BANKRUPTCY COURT In re: ENER1, INC., Debtor.

  • Notwithstanding the foregoing, as a condition precedent to Pubco providing joint written instructions for any Escrow Release based on achieving an EBITDA Milestone hereunder, Pubco must first file with the SEC on Form 6-K (or other relevant SEC form) the Quarterly Financials set forth in the EBITDA Performance Statement and the related amount of the Annualized EBITDA as determined by the Disinterested Independent Director Majority.


More Definitions of EBITDA Milestone

EBITDA Milestone means SFRO (or, if SFRO’s operations are consolidated with 21st Century Oncology, LLC the SFRO Division) has achieved EBITDA for a period of four consecutive fiscal quarters equal to or exceeding $28,000,000.
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EBITDA Milestone amounts therefor set forth on Schedule C hereto (each, a “Xxxxx 0 XXXXXX Xxxxxxxxx”), then Purchaser shall issue and/or deliver to each Seller such Seller’s Earn-Out Portion of additional consideration (“Level 1 Contingent Consideration”) as set forth in the corresponding “Contingent Consideration” column of such Schedule C. For the avoidance of doubt: (A) any Xxxxx 0 XXXXXX Xxxxxxxxx can be achieved either in one year, or in multiple years, as long as it is achieved by the Xxxxx 0 Xxxxxxxxxxxxx Date, and (B) not more than $2,500,000 of value in the aggregate shall be payable as Xxxxx 0 Xxxxxxxxxx Xxxxxxxxxxxxx under this Agreement;
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EBITDA Milestone has the meaning set forth in Section 2.04(b).
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EBITDA Milestone means the percentage for the corresponding periods set forth in the table below (the “Earn-Out Table”): 1 Closing Date through December 31, 2014 $415,000 2 January 1, 2015 through December 31, 2015 $825,000 3 January 1, 2016 through December 31, 2016 $825,000
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Related to EBITDA Milestone

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Development Milestone is defined in Section 5.3.

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Development Milestone Event has the meaning set forth in Section 7.2.1.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone Event has the meaning set forth in Section 8.2.1.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • EBITDA means, with respect to any Person for any period, the net income for such Person for such period plus the sum of the amounts for such period included in determining such net income in respect of (i) interest expense, (ii) income tax expense, and (iii) depreciation and amortization expense, in each case as determined in accordance with GAAP.

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Milestone Events has the meaning set forth in Section 7.2.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Earnout Period has the meaning specified in Section 2.03(a).

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).