Minimum Consolidated Adjusted EBITDA. The Borrower will maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2003, a minimum Consolidated Adjusted EBITDA of no less than (i) $0 for the Fiscal Quarter ending June 30, 2003, (ii) $1,000,000 for the Fiscal Quarter ending September 30, 2003 and (iii) $2,500,000 for each Fiscal Quarter thereafter.
Minimum Consolidated Adjusted EBITDA. Permit Consolidated Adjusted EBITDA of the Company and its Subsidiaries for any period set forth in the table below to be less than the amount set forth opposite such period: Period Minimum Consolidated Adjusted EBITDA January 1, 2013 to March 31, 2013 $34,908,000 January 1, 2013 to April 30, 2013 $47,032,000 January 1, 2013 to May 31, 2013 $64,743,000 January 1, 2013 to June 30, 2013 $93,451,000 January 1, 2013 to July 31, 2013 $115,809,000 January 1, 2013 to August 31, 2013 $136,926,000 January 1, 2013 to September 30, 2013 $171,476,000 ;provided, however, that if (i) the sale of assets of the Company assigned the code name “Rockford” is consummated during any such period or (ii) the sale of assets of the Company assigned the code name “Xxxxxx” is consummated during any such period, the financial covenant levels set forth in the table above will be adjusted for each period ending after the date of consummation of such sale in accordance with the principles and examples set forth on Schedule 5.03(a).
Minimum Consolidated Adjusted EBITDA. Permit the Consolidated Adjusted EBITDA for each fiscal quarter of the Parent ending on the last day of each fiscal quarter set forth below to be less than the corresponding amount set forth below: Fiscal Quarter Ending Minimum Consolidated Adjusted EBITDA December 31, 2013 $ (3,000,000 ) March 31, 2014 $ (6,000,000 ) June 30, 2014 $ (2,750,000 ) September 30, 2014 $ (2,250,000 ) December 31, 2014 $ (2,750,000 ) March 31, 2015 $ (3,250,000 ) June 30, 2015 $ (1,000,000 ) September 30, 2015 $ (250,000 ) December 31, 2015 $ (150,000 ) March 31, 2016 and each fiscal quarter ending thereafter $ (750,000 )
Minimum Consolidated Adjusted EBITDA. Company shall not permit Consolidated Adjusted EBITDA as of the last day of any Fiscal Quarter ending closest to the dates set forth below, beginning with the Fiscal Quarter ending closest to March 31, 2008, to be less than the correlative amount indicated in the following table: Fiscal Quarter Ended Amount March 31, 2008 $ 60,000,000 June 30, 2008 $ 65,000,000 September 30, 2008 $ 67,500,000 December 31, 2008 $ 72,500,000 March 31, 2009 $ 75,000,000 June 30, 2009 $ 77,500,000 September 30, 2009 $ 80,000,000 December 31, 2009 $ 82,500,000 March 31, 2010 $ 85,000,000 June 30, 2010 $ 87,500,000 September 30, 2010 $ 90,000,000 Fiscal Quarter Ended Amount December 31, 2010 $ 92,500,000 March 31, 2011 $ 95,000,000 June 30, 2011 $ 97,500,000 September 30, 2011 and the last day of each calendar quarter ending thereafter $ 100,000,000
Minimum Consolidated Adjusted EBITDA. Fail to achieve Consolidated Adjusted EBITDA of Parent and its Subsidiaries of at least the required amount set forth in the following table for the applicable period set forth opposite thereto measured as of the last day thereof: Consolidated Adjusted EBITDA Applicable Period $(1,200,000) For the 1 month period ending February 28, 2017 $500,000 For the 1 month period ending March 31, 2017 $(700,000) For the 1 month period ending April 30, 2017 $(400,000) For the 1 month period ending May 31, 2017 and the last day of each 1 month period ending thereafter
Minimum Consolidated Adjusted EBITDA. Permit Consolidated Adjusted EBITDA for any trailing six-month period specified below to be less than the correlative amount specified below: Six-Month Period Ending Minimum Consolidated Adjusted EBITDA April 30, 2016 $ (80,000,000 ) July 31, 2016 $ (80,000,000 ) October 31, 2016 $ (67,500,000 ) January 31, 2017 and the last day of each fiscal quarter thereafter (subject to the following paragraph) $ (50,000,000 ) Promptly after the receipt by the Administrative Agent of the Projections required to be delivered within 45 days after the fiscal year ending January 31, 2017 pursuant to Section 6.2(c), the Lenders agree to review such Projections for the purpose of re-setting the Minimum Consolidated Adjusted EBITDA covenant for the periods tested in fiscal years 2017 and 2018 set forth in this Section 7.1(b); provided that (i) any such updated covenant levels must be agreed to in writing (which agreement in writing may be evidenced via e-mail) by the Required Lenders in their sole discretion (after consultation with the Borrower) exercised in good faith in a commercially reasonable manner, and until any such determination, the covenant levels shall remain unchanged, (ii) upon determination of any updated covenant levels by the Required Lenders and notice thereof by the Administrative Agent to the Borrower, and notwithstanding any provision herein to the contrary, including, without limitation, Section 10.1, this Agreement shall automatically be amended to give effect to such updated covenant levels, (iii) without limiting clause (ii), the Borrower hereby agrees to enter into at the request of the Administrative Agent and at the sole cost of the Borrower, any amendments to this Agreement and the other Loan Documents or furnish any acknowledgements of such updated covenant levels, in each case, that the Administrative Agent reasonably requests to evidence any amendment to this Agreement required pursuant to this paragraph, and (iv) notwithstanding any provision to the contrary herein, in the event that the Borrower objects to any updated covenant levels determined by the Required Lenders pursuant to clause (i) of this paragraph or otherwise fails to comply with provisions of clause (iii) of this paragraph, at the option of the Required Lenders, the Total Revolving Commitments shall terminate and the Obligations shall immediately become due.”
Minimum Consolidated Adjusted EBITDA. Neither Borrower nor any Guarantor shall permit the minimum Consolidated Adjusted EBITDA, determined on a Six Month Measurement Period basis, at any time during any of the periods described in the table attached hereto as Schedule 9.18 to be less than the amount set forth opposite such period on such Schedule 9.18;
Minimum Consolidated Adjusted EBITDA. The Company shall not permit Consolidated Adjusted EBITDA for any fiscal year set forth below to be less than the amount set forth below for such fiscal year: Fiscal Year Amount 2010 $57,500,000 2011 $52,250,000 2012 and each fiscal year therafter $57,000,000
Minimum Consolidated Adjusted EBITDA. Company shall not permit Consolidated Adjusted EBITDA for any four-Fiscal Quarter period ending as of the last day of any Fiscal Quarter occurring during any of the periods set forth below to be less than the correlative amount indicated: MINIMUM CONSOLIDATED PERIOD ADJUSTED EBITDA 1st Fiscal Quarter, 1998 $67,500,000 2nd Fiscal Quarter, 1998 $68,000,000 3rd Fiscal Quarter, 1998 $72,000,000 4th Fiscal Quarter, 1998 $73,500,000 1st Fiscal Quarter, 1999 $74,000,000 2nd Fiscal Quarter, 1999 $75,000,000 3rd Fiscal Quarter, 1999 $75,000,000 4th Fiscal Quarter, 1999 $75,000,000 1st Fiscal Quarter, 2000 $80,000,000 2nd Fiscal Quarter, 2000 $80,000,000 3rd Fiscal Quarter, 2000 $80,000,000 4th Fiscal Quarter, 2000 $80,000,000 134 MINIMUM CONSOLIDATED PERIOD ADJUSTED EBITDA 1st Fiscal Quarter, 2001 $80,000,000 2nd Fiscal Quarter, 2001 $80,000,000 3rd Fiscal Quarter, 2001 $80,000,000 4th Fiscal Quarter, 2001 $80,000,000 1st Fiscal Quarter, 2002 $80,000,000 2nd Fiscal Quarter, 2002 $80,000,000 3rd Fiscal Quarter, 2002 $80,000,000 4th Fiscal Quarter, 2002 $80,000,000 1st Fiscal Quarter, 2003 $80,000,000 2nd Fiscal Quarter, 2003 $80,000,000
Minimum Consolidated Adjusted EBITDA. The Borrower shall not permit its Consolidated Adjusted EBITDA for each Reference Period, as of the last day of such Reference Period as set forth in the table below, to be less (or more negative, as applicable) than the amount set forth opposite such date in the table below: Last Day of Reference Period Consolidated Adjusted EBITDA December 31, 2021 ($ 25,000,000 ) March 31, 2022 ($ 20,000,000 ) June 30, 2022 ($ 10,000,000 ) September 30, 2022 ($ 5,000,000 ) December 31, 2022 $ 0 March 31, 2023 $ 3,500,000 June 30, 2023 $ 7,000,000 September 30, 2023 $ 10,500,000 December 31, 2023 $ 15,500,000 March 31, 2024 $ 17,000,000 June 30, 2024 $ 18,500,000 September 30, 2024 $ 22,500,000 December 31, 2024 and thereafter $ 25,000,000
