EBITDA Trigger Date definition

EBITDA Trigger Date the first date by which EBITDA for the most recently ended two consecutive Fiscal Quarters is greater than $0 (whether or not sustained).
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EBITDA Trigger Date shall have the meaning set forth in Section 2.1(b)(iii).
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EBITDA Trigger Date means, as at any date of determination, the date upon which Excess Availability as at such date of determination is or was less than the Applicable Trigger for the period covered by such date.
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Examples of EBITDA Trigger Date in a sentence

  • Within 15 days of the date of the Transaction Notice, Management Company may advise the Board and MB in writing of Management Company’s acceptance of the terms of the Transaction and any Class A Membership Units (prior to the EBITDA Trigger Date) or Class A and Class B Membership Units (after the EBITDA Trigger Date if the Minimum EBITDA Threshold has been satisfied for the EBITDA Measurement Period) Management Company desires to include in the Transaction.

  • In the event the Management Condition is not satisfied at any time during the third year following the Initial Date, one-third of that percentage amount of Class A Membership Units and Class B Membership Units owned by the Management Company equal to that percentage of shares of common stock of the Management Company owned by the Management Principals shall be repurchased, unless the Minimum EBITDA Threshold shall have been satisfied for the EBITDA Measurement Period as of the EBITDA Trigger Date.


More Definitions of EBITDA Trigger Date

EBITDA Trigger Date means, where the EBITDA Requirement is not met in respect of any Measurement Date, the date on which the Issuer’s financial statements in respect of such Measurement Date are published in accordance with Condition 2(c)(i);
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EBITDA Trigger Date means the first date (if ever), following the date of consummation of the first Permitted San Remo Time-Share Transaction (if ever), that the Designated EBITDA Condition is not satisfied.
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EBITDA Trigger Date means December 31, 2011. The “EBITDA Measurement Period” shall mean the period commencing on the Initial Date and ending on the EBITDA Trigger Date. The “Initial Date” shall be October 1, 2009. The “Minimum EBITDA Threshold” shall mean cumulative consolidated EBITDA for the Company and its wholly owned subsidiaries for the EBITDA Measurement Period, excluding any revenue related to mortgage banking, of not less than $20,000,000. If on the EBITDA Trigger Date, the Minimum EBITDA Threshold has not been satisfied, the Class B Membership Units shall be cancelled and redeemed by the Company for $0.01.
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EBITDA Trigger Date means the date occurring as of the end of the quarter in which the two-year anniversary of the Initial MB Capital Contribution Date occurs (the “EBITDA Measurement Period”). The “Initial MB Capital Contribution Date” shall be the date on which MB has paid the full $790,000 for its Units in the Company under the Membership Interest Purchase Agreement dated February 23, 2009 (the “Membership Interest Purchase Agreement”). The “Minimum EBITDA Threshold” shall mean cumulative consolidated EBITDA for the Company for the EBITDA Measurement Period of not less than $40,000,000. If on the EBITDA Trigger Date, the Minimum EBITDA Threshold has not been satisfied, the Class B Membership Units shall be cancelled and redeemed by the Company for $0.01.
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Related to EBITDA Trigger Date

  • Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

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

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

  • First Extension Period means a period of twelve (12) consecutive months following the Initial Maturity Date.

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

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

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.