Examples of EBITDA Test in a sentence
For clarification purposes, the date of determination for (1) each of the Minimum Cash Balance Test, the EBITDA Test and the Debt to EBITDA Ratio Test will be the last day of each Fiscal Quarter during which such Tests are required to be satisfied and (2) the Capital Expenditure Test will be the last day of each of the Company’s 2010, 2011 and 2012 fiscal years and the last day of the first Fiscal Quarter of the Company’s 2013 fiscal year (as applicable).
On the Announcement Date, the Company shall also provide to the Holders a certification, executed on behalf of the Company by the Chief Financial Officer of the Company, certifying that the Company satisfied the EBITDA Test and/or the Net Cash Balance Test, as applicable, at all times throughout such Fiscal Quarter.
Concurrently with the Operating Release, the Company shall also provide to the holders of Notes a written certification as to the calculations of any applicable EBITDA Tests and whether such EBITDA Tests have been met for the applicable EBITDA Test Periods.
For each EBITDA Test Period (as defined below), Borrower shall achieve EBITDA of not less than the required amount set forth below [note: amounts shown below within pointed brackets ( < $ > ) are negative amounts]: As used herein, the term “EBITDA Test Period” means the 2 consecutive fiscal quarter period then or most recently ended.
The Borrower will maintain a Consolidated EBITDA of at least the amount set forth below for the Test Period ending on each date listed below: Minimum EBITDA Test Period ($ Millions) ----------- ------------ September 30, 1997 ......................
EBITDA Test - This test compares budgeted EBITDA against actual results by segment and operating area.
Holder desires to waive the increase in the Dividend Rate with respect to the Dividend Period ending on December 30, 2004 as a result of the EBITDA Test Failure for the September 30, 2004 Dividend Payment Date.
So long as this Note is outstanding, the consolidated EBITDA of the Company and its Subsidiaries for the Company's 2011 Fiscal Year shall be greater than the 2011 Goodwill/EBITDA Calculation (the "EBITDA Test").
Commencing with the Fiscal Quarter ending December 31, 2024, with respect to any given Fiscal Quarter, the Company’s Consolidated Fixed Charge Leverage Ratio shall not be lower than 1.25 to 1 (the “Fixed Charge Coverage Ratio Test”, and together with the Available Cash Test, the Dividend Reserve Test, the Minimum Adjusted EBITDA Test, and the Total Leverage Ratio Test, each a “Financial Test”).
The Company agrees that if Executive receives any form of non-cash compensation under (b) above and the EBITDA Test mutually agreed upon by the parties is not satisfied, the Company shall make a loan to Executive in an amount sufficient to pay Executives federal income tax, state income tax and employment tax, using Executives highest marginal tax rates with an interest rate equal to the applicable federal rate for determining imputed income.