Minimum Consolidated EBITDA. $ Thousands ("< >" denotes Negative Number)
Minimum Consolidated EBITDA. Consolidated EBITDA of not less than $4,000,000.
Minimum Consolidated EBITDA. Borrowers shall not permit Consolidated EBITDA for any applicable Defined Period, as tested quarterly on the last day of such Defined Period, to be less than Seven Million Dollars ($7,000,000).”
Examples of Minimum Consolidated EBITDA in a sentence
Subsequently a Specified Forbearance Termination Event occurred in that the Borrowers failed to meet the required Minimum Consolidated EBITDA Covenant set forth in Section 7(d) of the Credit Agreement.
Certain covenants were also revised, including those related to accounts receivable, Minimum Consolidated EBITDA requirements, Indebtedness, permitted Indebtedness and certain capital expenditure limits.
The Event of Default pursuant to Section 8.01(d) of the Credit Agreement, as a result of the Borrowers’ failure to meet the Minimum Consolidated EBITDA covenant set forth in Section 6.10(e) of the Credit Agreement for the period ending October 31, 2008.
If such amount is not received in such fiscal month, the Minimum Consolidated EBITDA for the fiscal month ending November 5 will be decreased by such amount.
The financial covenants include the maintenance of certain prescribed levels of Consolidated Senior Debt to Total Capitalization and Minimum Consolidated EBITDA and effective June 30, 2003, Consolidated Senior Debt to Consolidated EBITDA and Consolidated EBITDA to Consolidated Cash Debt Service, all as defined.
More Definitions of Minimum Consolidated EBITDA
Minimum Consolidated EBITDA. Permit Consolidated EBITDA (measured on a rolling four quarter basis for the trailing four fiscal quarters) as of the last day of any fiscal quarter of Borrower, to be less than $40,000,000.”
Minimum Consolidated EBITDA for any period shall mean net income (or net loss) of the Parent and its Subsidiaries, determined on a consolidated basis in accordance with GAAP for such period plus (i) the sum of (in each case to the extent deducted in the calculation of net income), without duplication, (a) Consolidated Interest Expense for such period, (b) provision for income taxes of the Parent and its Subsidiaries for such period, (c) depreciation and amortization of the Parent and its Subsidiaries for such period, (d) any extraordinary losses (including, but not limited to, losses associated with sales of Property not in the ordinary course of business), to the extent utilized in determining such net income (or net loss) for such period and (e) any non-cash contributions made by the Parent and its Subsidiaries pursuant to their matching 401(k) or any similar retirement program minus (ii) with respect to the Parent and its Subsidiaries, to the extent utilized in determining such net income (or net loss), without duplication, the sum of (a) extraordinary gains (including, but not limited to, gains associated with sales of Property not in the ordinary course of business), (b) investment income and (c) interest income. Notwithstanding anything to the contrary contained in this definition, any extraordinary losses reported within operating income (including, but not limited to, severance, restructuring charges or related expenses), shall not be added back to the calculation of net income.
Minimum Consolidated EBITDA means for any period, the total of:
Minimum Consolidated EBITDA means TTM Consolidated EBITDA as of the end of any fiscal quarter set forth below: March 31, 2013 $ 8,200,000 June 30, 2013 8,200,000 September 30, 2013 8,200,000 December 31, 2013 8,200,000 March 31, 2014 9,000,000 June 30, 2014 9,500,000 September 30, 2014 9,500,000 December 31, 2014 10,500,000 March 31, 2015 10,500,000 June 30, 2015 11,200,000 September 30, 2015 11,500,000 December 31, 2015 11,500,000
Minimum Consolidated EBITDA. Maintain a minimum Consolidated EBITDA as of the last day of a fiscal quarter of the Borrower set forth in the table below of at least the amount set forth opposite such fiscal quarter in the table below: ----------------------------------------------------------------------------- ------------------ Fiscal Quarter Ending: Amount ----------------------------------------------------------------------------- ------------------ ----------------------------------------------------------------------------- ------------------ December 31, 2007 $9,361,600.00 ----------------------------------------------------------------------------- ------------------ ----------------------------------------------------------------------------- ------------------ March 31, 2008 $10,097,200.00 ----------------------------------------------------------------------------- ------------------ ----------------------------------------------------------------------------- ------------------ June 30, 2008 $10,832,800.00 ----------------------------------------------------------------------------- ------------------ ----------------------------------------------------------------------------- ------------------ September 30, 2008 $11,568,400.00 ----------------------------------------------------------------------------- ------------------ ----------------------------------------------------------------------------- ------------------ December 31, 2008 $12,304,000.00 ----------------------------------------------------------------------------- ------------------ ----------------------------------------------------------------------------- ------------------ March 31, 2009 $13,193,000.00 ----------------------------------------------------------------------------- ------------------ ----------------------------------------------------------------------------- ------------------ June 30, 2009 $14,082,000.00 ----------------------------------------------------------------------------- ------------------ ----------------------------------------------------------------------------- ------------------ September 30, 2009 $14,971,000.00 ----------------------------------------------------------------------------- ------------------ ----------------------------------------------------------------------------- ------------------ December 31, 2009 and each fiscal quarter of the Borrower thereafter $15,860,000.00 ----------------------------------------------------------------------------- ---------...
Minimum Consolidated EBITDA. The Borrower will not permit Consolidated EBITDA for any Test Period ending on or about the date specified in the table below to be less than the amount specified in such table opposite such date: TEST PERIOD ENDING AMOUNT ---------------------- ---------------- June 30, 1997 . . . . . . . . . . . . . $13.5 million September 30, 1997. . . . . . . . . . . $20.5 million December 31, 1997 . . . . . . . . . . . $20.5 million
Minimum Consolidated EBITDA. Borrowers shall have and maintain a Consolidated EBITDA of not less than the following during the following periods (measured quarterly on a rolling four quarter basis; provided that the measurement at (i) March 31, 2001, shall be based on three months; (ii) June 30 2001, shall be based on six months; and (iii) September 30, 2001, shall be based on nine months): Period Minimum Amount ------ -------------- 07/01/00 through 09/30/00 $20,000,000 10/01/00 through 12/31/00 $20,000,000 01/01/01 through 03/31/01 $ 5,750,000 04/01/01 through 06/30/01 $11,750,000 07/01/01 through 09/30/01 $19,000,000