EBITDA Requirement definition

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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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.

EBITDA Requirement shall have the meaning ascribed to such term in section 6.30 hereof.

Examples of EBITDA Requirement in a sentence

The Borrowers shall not permit Consolidated EBITDA to be less than the Minimum Consolidated EBITDA Requirement (the “Minimum Consolidated EBITDA Test”) measured as of the end of each Fiscal Quarter for the period of four (4) consecutive Fiscal Quarters.
Assuming ▇▇▇▇▇▇ has achieved the Quarterly EBITDA Requirement, the amount to be paid to ▇▇▇▇▇▇ for that quarter shall be determined by multiplying the Quarterly Minimum by a fraction, the numerator of which is the actual EBITDA achieved for such period and the denominator of which is the targeted level of EBITDA for the quarter.
Borrower acknowledges and agrees that the Limited EBITDA Waiver is a limited waiver and, unless otherwise agreed by Lenders in writing, hereafter, any Advance of the Tranche 3 Committed Amount that is for construction of a Project that is not a Remaining Construction Project, will be subject to the EBITDA Requirement.
The parties understand and agree that after the EBITDA Requirement is reset, the failure to comply with the EBITDA Requirements as of September 30, 1998 will without further notice constitute an Event of Default.
At the conclusion of the First Grant Year, all or a portion of the Performance Shares will be eligible for vesting based upon the achievement by Health Management of the Adjusted EBITDA Requirement during the First Grant Year.
As soon as practicable following the end of the First Grant Year (and if applicable, the Second Grant Year), the Committee will determine and certify in writing if the Adjusted EBITDA Requirement was satisfied, and the Earned Performance Shares (and if applicable, the Additional Earned Performance Shares) and the Earned Cash Amount (and if applicable, the Additional Earned Cash Amount), if any, to be vested and paid based on the certified levels of performance.
At the conclusion of the First Grant Year, all or a portion of the Cash Performance Award will be eligible for vesting and payment based upon the achievement by Health Management of the Adjusted EBITDA Requirement during the First Grant Year.
If the targeted level of EBITDA is met for any calendar quarter (the "Quarterly EBITDA Requirement"), the quarterly incentive compensation payment shall be made to ▇▇▇▇▇▇ on or before thirty days following the end of such quarter.
For purposes of the Performance Vesting Component and the Cash Performance Award, the Adjusted EBITDA Requirement will be deemed to have been satisfied at a level of 100%.
Assuming ▇▇▇▇▇▇▇ has achieved the Quarterly EBITDA Requirement, the amount to be paid to ▇▇▇▇▇▇▇ for that quarter shall be determined by multiplying the Quarterly Minimum by a fraction, the numerator of which is the actual EBITDA achieved for such period and the denominator of which is the targeted level of EBITDA for the quarter.

More Definitions of EBITDA Requirement

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.

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.