EBITDA Requirement definition

EBITDA Requirement means delivery to Lenders two Business Days prior to the proposed Credit Date of a certificate in the form of Exhibit O annexed hereto, together with the information referred to in such certificate, duly executed by an Authorized Officer of Company on or before November 30, 2002, confirming, that Consolidated EBITDA for any three month period ended August 31, September 30 or October 31, 2002 was not less than $3,242,500.
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EBITDA Requirement shall have the meaning ascribed to such term in section 6.30 hereof.
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EBITDA Requirement means the achievement by HMA of EBITDA, as determined by the Committee, in an amount equal to the necessary percentage of Targeted EBITDA as set forth in the following table:
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Examples of EBITDA Requirement in a sentence

  • In certifying compliance with this requirement, the Lender shall be permitted to rely on (i) financial records delivered by the Borrower to the Lender regarding the Borrower and its affiliates; (ii) the calculation of the Borrower’s and the Borrower’s affiliates’ adjusted 2019 EBITDA certified to the Lender by the Borrower; and (iii) the Borrower’s identification of its affiliates.2.J. EBITDA Requirement for Holding Company.

  • If the Borrower has notified the Lender that it or any of its affiliates has previously received, or has an application pending to receive, funding through the Facility, the amount of such funding shall be subtracted from $25 million to determine the maximum principal amount of the Eligible Loan.2.H. EBITDA Requirement for Borrower.

  • The Lender may include permissible fees5 in the principal amount of the Upsized Tranche, provided that the total Upsized Tranche amount, including such fees, may not exceed the maximum principal amount permitted for the Borrower.2.H. EBITDA Requirement for Borrower.

  • In certifying compliance with thisrequirement, the Lender shall be permitted to rely on (i) financial records delivered by the Borrower to the Lender regarding the Borrower and its affiliates; (ii) the calculation of the Borrower’s and the Borrower’s affiliates’ adjusted 2019 EBITDA certified to the Lender by the Borrower; and (iii) the Borrower’s identification of its affiliates.2.J. EBITDA Requirement for Holding Company.

  • The Lender may include permissible fees5 in the principal amount of the Eligible Loan, provided that the total Eligible Loan amount, including such fees, may not exceed the maximum principal amount permitted for the Borrower.2.H. EBITDA Requirement for Borrower.

  • If the Borrower has notified the Lender that it or any of its affiliates has previously received, or has an application pending to receive, funding through the Facility, the amount of such funding shall be subtracted from $300 million to determine the maximum principal amount of the Upsized Tranche.2.H. EBITDA Requirement for Borrower.

  • If the Borrower has notified the Lender that it or any of its affiliates has previously received, or has an application pending to receive, funding through the Facility, the amount of such funding shall be subtracted from $2550 million to determine the maximum principal amount of the Eligible Loan.2.H. EBITDA Requirement for Borrower.

  • If the Borrower has notified the Lender that it or any of its affiliates has previously received, or has an application pending to receive, funding through the Facility, the amount of such funding shall be subtracted from $2535 million to determine the maximum principal amount of the Eligible Loan.2.H. EBITDA Requirement for Borrower.

  • If the Borrower has notified the Lender that it or any of its affiliates has previously received, or has an application pending to receive, funding through the Facility, the amount of such funding shall be subtracted from $35 million to determine the maximum principal amount of the Eligible Loan.2.H. EBITDA Requirement for Borrower.

  • If the Borrower has notified the Lender that it or any of its affiliates has previously received, or has an application pending to receive, funding through the Facility, the amount of such funding shall be subtracted from $50 million to determine the maximum principal amount of the Eligible Loan.2.H. EBITDA Requirement for Borrower.


More Definitions of EBITDA Requirement

EBITDA Requirement means the achievement by HMA of EBITDA, as determined by the Committee, in an amount equal to the necessary percentage of Targeted EBITDA as set forth in the following table: Percentage of Targeted EBITDA Achieved During Grant Year Percentage of Performance Vesting Component Eligible For Vesting Less than 90% 0% 90.0% - 92.4% 50% 92.5% - 94.9% 60% 95.0% - 97.4% 75% 97.5% - 99.9% 90% 100% (and over) 100%
Sample 1
EBITDA Requirement means (i) with respect to the First Grant Year, EBITDA equal to or greater than the EBITDA target established in the Profit Plan for the First Grant Year, as determined by HMA for the First Grant Year, and (ii) with respect to each Subsequent Grant Year, a percentage or multiple of the EBITDA target established in the Profit Plan for such Subsequent Grant Year. With respect to each Subsequent Grant Year, the percentage or multiple of the EBITDA target established in the Profit Plan for such Subsequent Grant Year necessary to satisfy the EBITDA Requirement in any Subsequent Grant Year shall be determined by the Committee and communicated to you in writing within ninety (90) days following the commencement of the relevant Subsequent Grant Year and, if not so determined and communicated within such ninety (90) day period, shall equal the percentage or multiple of the EBITDA target established in the Profit Plan applicable for the most recently completed Grant Year.
Sample 1
EBITDA Requirement means, with respect to any period of 12 full consecutive calendar months immediately preceding the month during which the Company proposes to pay interest on the unpaid principal on the Notes by the issuance of Additional Notes, EBITDA equal to or greater than $6,000,000, determined in accordance with GAAP.
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Related to EBITDA Requirement

  • Debt Service Requirement means the sum of (i) interest expense (whether paid or accrued and including interest attributable to Capital Leases), (ii) scheduled principal payments on borrowed money, and (iii) capitalized lease expenditures, all determined without duplication and in accordance with GAAP.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Minimum Requirements means the minimum requirements for available commercial structures. The minimum requirements may be found at this link: https://portlandgeneral.com/energy- choices/renewable-power/green-future-impact The minimum requirements may be updated from time to time to reflect PGE’s criteria from its latest Commission accepted renewable request for proposals.

  • 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.

  • performance requirement means a requirement that:

  • Minimum Balance Requirements You must maintain a minimum daily balance of $2,000.00 in your Money Market Savings account to obtain the disclosed annual percentage yield. We impose a monthly maintenance fee if the balance falls below $500 any day of the month. Basic Checking Account Rate Information: This account does not pay interest.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Debt Service Requirements means the aggregate principal payments (whether at maturity or pursuant to scheduled mandatory sinking fund redemption requirements) and interest payments on the Bonds for the period of time for which calculated; provided, however, that for purposes of calculating such amount, principal and interest shall be excluded from the determination of Debt Service Requirements to the extent that such principal or interest is payable from amounts deposited in trust, escrowed or otherwise set aside for the payment thereof with the Paying Agent or other commercial bank or trust company located in the State and having full trust powers.

  • 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 Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Contract Minimum Investment Requirement means, with respect to the Project, investment by the Company and any Sponsor Affiliates of at least $4,000,000 in Economic Development Property subject (non-exempt) to ad valorem taxation (in the absence of this Fee Agreement).

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • FILOT Act Minimum Investment Requirement means, with respect to the Project, an investment of at least $2,500,000 by the Company, or of at least $5,000,000 by the Company and any Sponsor Affiliates in the aggregate, in Economic Development Property.

  • Program Requirements means that Partner has to fulfill certain program requirements as described in detail in the applicable SAP PartnerEdge Model and the PartnerEdge Program Guide.

  • Service Requirements means the specification that the Flexibility Services must be capable of meeting, as defined in Schedule 1;

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • Minimum Annual Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Annual Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Sub-Annual Resource Reliability Target for the RTO in Unforced Capacity]. For an LDA, the Minimum Annual Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Sub-Annual Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • MREL Requirement means the minimum requirement for own funds and eligible liabilities which is or, as the case may be, will be applicable to the Issuer;

  • Performance and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

  • Payment Requirement means the amount specified as being applicable to the Reference Entity in the Standard or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, USD 1,000,000 or its equivalent in the relevant Obligation Currency) in either case as of the occurrence of the relevant Failure to Pay or Potential Failure to Pay, as applicable.

  • Reporting Requirement By January 31, 2017, the District will provide for OCR’s review and approval the Web Accessibility Policy drafted consistent with Item 1.

  • Statement of Requirements means a statement issued by the Authority or any Other Contracting Body detailing its Services Requirement issued in accordance with the Ordering Procedure;

  • Default Requirement means the amount specified as being applicable to the Reference Entity in the Standard, or its equivalent in the relevant Obligation Currency (or, if no such amount is specified, U.S.$ 10,000,000 or its equivalent in the relevant Obligation Currency) in either case, as of the occurrence of the relevant Credit Event.

  • Minimum Hourly Work Requirement means the work hours over a given time period that are required of you by your Employer in order to be eligible for coverage. Your Minimum Hourly Work Requirement is specified in the Schedule of Benefits.

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.