EBITDA Test definition

EBITDA Test means that the Company and its Subsidiaries, on a consolidated basis, generates EBITDA of at least $200,000.00 for any single calendar month, calculated anytime prior to prior to June 1, 2006. Terms not defined in this Agreement with regards to this Section 3 are defined in the Loan Agreement, attached hereto as EXHIBIT B.
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EBITDA Test means the standard under which EBITDA Payments will be made under Section 4.3(c) hereof.
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EBITDA Test means, for any annual or quarterly period of calculation ending on a specified date, the ratio (i) of the Consolidated Debt of the Borrower Group outstanding on such date (other than Subordinated Loans) less cash and Permitted Investments in excess of $5,000,000 held by the Borrower Group on such date to (ii)(x) the EBITDA for the two consecutive fiscal quarters last ended on or prior to such date for which financial statements have been delivered in accordance with Section 5.01(a) multiplied by (y)
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Examples of EBITDA Test in a sentence

  • 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.

  • 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).

  • In addition, at any time after Tenant has met the initial EBITDA Test under Section 31(b), Tenant shall within forty-five (45) days after the end of each calendar quarter deliver to Landlord a calculation of EBITDA certified by an appropriate financial officer of Guarantor.

  • 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.

  • In the thirty seventh (37th) month following the Commencement Date the Security Deposit will be reduced to one-half of the original amount thereof, subject to: (i) no Event of Default by Tenant during the preceding 18 month period and (ii) the EBITDA Test of Equinix, Inc., is in excess of Forty-Seven Million Dollars ($47,000,000).

  • Based on the EBITDA Certificate, Holder hereby waives, for all purposes under the Articles, any 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.

  • The "EBITDA Test" shall mean that the Company and its Subsidiaries, on a consolidated basis, generates EBITDA of at least $200,000.00 for any single calendar month, calculated anytime prior to prior to June 1, 2006.

  • Notwithstanding anything to the contrary, all Revocable Warrants granted by the Company to the Holder under this Agreement shall be subject to forfeiture, revocation and cancellation without any further or additional consideration due or owed to Holder in the event that the Company and its Subsidiaries, on a consolidated basis, prior to May 1, 2006 meets the "EBITDA Test," as defined below in this Section 3.

  • Based on an EBITDA of approximately $11.7 million for the EBITDA Test Period for December 31, 2004, Holder hereby waives, for all purposes under the Articles, any increase in the Dividend Rate with respect to the Dividend Period ending on March 31, 2005 as a result of the EBITDA Test Failure for the December 31, 2004 Dividend Payment Date.


More Definitions of EBITDA Test

EBITDA Test means that the Landlord is satisfied on each Test Date that the Tenant has an Ebitda during the 12 month period expiring on the Test Date of at least two times the aggregate of the Rents reserved and payable under this Lease together with all rents payable on all other premises held by the Tenant in respect of the 12 month period which commences on the Test Date;
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EBITDA Test has the meaning set forth in the definition of “Required Availability Amount”.
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EBITDA Test means that (i) the Equity Conditions have been satisfied as of the applicable date of determination and (ii) the Company has either (A) for the Calendar Quarter ended March 31, 2006, for the two (2) consecutive Calendar Quarters ended June 30, 2006 and for the three (3) consecutive Calendar Quarters ended September 30, 2006, reported a Consolidated EBITDA in excess of $10,000,000 or (B) for Calendar Quarters ended from and after December 31, 2006, reported LTM Consolidated EBITDA in excess of $10,000,000.
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EBITDA Test for an Investment (other than the initial Investment hereunder) is satisfied, if at the time of determination thereof, the amount of EBITDA plus advertising expense for the most recently completed 12 month-period is at least equal to the amount set forth opposite such Investment in Exhibit A.
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EBITDA Test is amended and restated in its entirety as follows:
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EBITDA Test means that, for any single period of four consecutive fiscal quarters ending on or after the EBITDA Test Trigger Date, EBITDA shall, subject to Section 9.16(c) hereof, equal or exceed $35,000,000."
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Related to EBITDA Test

  • 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").

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • 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.

  • 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.”

  • DNS test Means one non-­‐recursive DNS query sent to a particular “IP address” (via UDP or TCP). If DNSSEC is offered in the queried DNS zone, for a query to be considered answered, the signatures must be positively verified against a corresponding DS record published in the parent zone or, if the parent is not signed, against a statically configured Trust Anchor. The answer to the query must contain the corresponding information from the Registry System, otherwise the query will be considered unanswered. A query with a “DNS resolution RTT” 5 times higher than the corresponding SLR, will be considered unanswered. The possible results to a DNS test are: a number in milliseconds corresponding to the “DNS resolution RTT” or, undefined/unanswered.

  • 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.

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

  • RDDS test Means one query sent to a particular “IP address” of one of the servers of one of the RDDS services. Queries shall be about existing objects in the Registry System and the responses must contain the corresponding information otherwise the query will be considered unanswered. Queries with an RTT 5 times higher than the corresponding SLR will be considered as unanswered. The possible results to an RDDS test are: a number in milliseconds corresponding to the RTT or undefined/unanswered.

  • 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.

  • 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.

  • LCA Test Date has the meaning specified in Section 1.03(e).

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

  • COVID-19 test means a viral test for SARS-CoV-2 that is:

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • Performance Tests means the tests to be conducted on the equipment at site for checking the performance parameters of the equipment as defined in Technical Specification.

  • 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.

  • Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).

  • 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.

  • Plant Test Date or "PTD" means the date acceptance testing is performed with CLEC. "Point of Interface", "Point of Interconnection," or "POI" is a demarcation between the networks of two (2) LECs (including a LEC and CLEC). The POI is that point where the exchange of traffic takes place.

  • 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.

  • LCT Test Date shall have the meaning provided in Section 1.12(b).

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.