Minimum EBITDA Threshold definition

Minimum EBITDA Threshold and “Target EBITDA” shall mean, for any fiscal year of Bargain Holdings, such amounts as shall be determined by the Compensation Committee of the Board, or, if no such committee exists, the Board (in each case, with the CCMP Consent); provided, that the Maximum EBITDA Threshold shall in no event be more than 15% higher than the Target EBITDA and the Minimum EBITDA Threshold shall in no event be more than 15% lower than the Target EBITDA; provided, further, that after setting the Maximum EBITDA Threshold, Minimum EBITDA Threshold and Target EBITDA for any fiscal year, the Compensation Committee of the Board, or, if no such committee exists, the Board (in each case, with the CCMP Consent) may subsequently adjust such amounts in the event of any acquisition, disposition or other material transaction or event with respect to the Company Group with a view to maintaining the incentive nature of the Bonus.
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Minimum EBITDA Threshold shall have the meaning set forth in Section 2.1(b)(iii).
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Minimum EBITDA Threshold and “Target EBITDA” shall mean, for any fiscal year of OBO Holdings, such amounts as shall be determined by the Compensation Committee of the Board, or, if no such committee exists, the Board; provided, that the Maximum EBITDA Threshold shall in no event be more than 15% higher than the Target EBITDA and the Minimum EBITDA Threshold shall in no event be more than 15% lower than the Target EBITDA; provided, further, that after setting the Maximum EBITDA Threshold, Minimum EBITDA Threshold and Target EBITDA for any fiscal year, the Compensation Committee of the Board, or, if no such committee exists, the Board may subsequently adjust such amounts in the event of any acquisition, disposition or other material transaction or event with respect to the Company Group with a view to maintaining the incentive nature of the Bonus.
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Examples of Minimum EBITDA Threshold in a sentence

  • Equal to or greater than Maximum EBITDA Threshold 80% of Base Salary Equal to Target EBITDA 50% of Base Salary Equal to or less than Minimum EBITDA Threshold $0 You must be employed on the last day of any fiscal year and the day payments are made in order to be eligible for a Bonus for that fiscal year.

  • The annual bonus shall be calculated as follows: for each fiscal year, in order for Executive to receive an annual bonus, the Company must exceed the Minimum EBITDA Threshold for such fiscal year.

  • If the Company’s EBITDA exceeds the Minimum EBITDA Threshold, Executive may earn one-half (1/2) of the specified percentage of each applicable tranche based upon the Company’s EBITDA (each an “EBITDA Tranche”).

  • Such risk of forfeiture shall terminate at the same time and in the same manner as the shares of Intek common stock payable pursuant to Section 2.2 (Contingent Earn-Out Consideration) and Section 2.4 (Effect of Employee Departures and Minimum EBITDA Threshold) of the Purchase Agreement.

  • Schedule 1 attached hereto sets forth the applicable Minimum EBITDA Threshold, the EBITDA Tranches and the percentages earned for each applicable EBITDA Tranche as well as two sample calculations to illustrate the calculation of Executive’s annual bonus.

  • Prior to the EBITDA Trigger Date and satisfaction of the Minimum EBITDA Threshold, the Class A Membership Units shall have the sole right to vote or to participate in the management of the Company.

  • 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.

  • For purposes of clarity, the Series A Preferred will not be convertible until such time as the EBITDA requirements in (B)(II)(C)(ii)(1) are satisfied (e.g., If $1,000,000 in EBITDA is generated above the Minimum EBITDA Threshold after April 1, 2002, and the Preferred Liquidation Value of the Series A Preferred is $1,000, 2,000 shares of Series A Preferred Shall become convertible).

  • Equal to or greater than Maximum EBITDA Threshold 60% of Base Salary Equal to Target EBITDA 40% of Base Salary Equal to or less than Minimum EBITDA Threshold $0 You must be employed on the last day of any fiscal year and the day payments are made in order to be eligible for a Bonus for that fiscal year.

  • Prior to the EBITDA Trigger Date and satisfaction of the Minimum EBITDA Threshold, the Class B Membership Units shall have no right to vote or to participate in the management of the Company, or any right to share in allocations of Net Income or Net Loss, or to any distributions hereunder other than distributions upon dissolution of the Company under Section 8.3(c).


More Definitions of Minimum EBITDA Threshold

Minimum EBITDA Threshold means the dollar amount set forth on Schedule 1 attached hereto under the heading Minimum EBITDA Threshold for the applicable fiscal year of the Company.
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Minimum EBITDA Threshold means 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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Minimum EBITDA Threshold means $7,500,000 in EBITDA.
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Minimum EBITDA Threshold means the Company’s 2014 annualized “Consolidated EBITDAX” (as defined in the Dome Credit Facility as further adjusted upwards for the occurrence of one-time events) of at least $9.0 million, based on the Company’s audited GAAP financials for the three-months ended December 31, 2014.
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Minimum EBITDA Threshold means cumulative consolidated EBITDA for the Company (excluding any revenue related to mortgage banking in the event the Mortgage Banking Condition is satisfied) for the EBITDA Measurement Period of not less than $20,000,000.”
Sample 1

Related to Minimum EBITDA Threshold

  • Minimum Threshold means the average daily yield on the 10 Year Treasury Note (as reported in the Bloomberg GT10 index) over the Award Period.

  • 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.”

  • 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.

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

  • Minimum Equity Amount shall have the meaning provided in the recitals to this Agreement.

  • stipulated minimum threshold means that portion of local production and content as determined by the Department of Trade and Industry; and

  • 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").

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • Minimum Level (ML means the concentration at which the entire analytical system must give a recognizable signal and an acceptable calibration point. The ML is the concentration in a sample that is equivalent to the concentration of the lowest calibration standard analyzed by a specific analytical procedure, assuming that all the method-specified sample weights, volumes and processing steps have been followed.

  • 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.

  • VWAP Minimum Price Threshold means, with respect to any particular VWAP Purchase Notice, the Sale Price on the VWAP Purchase Date equal to the greater of (i) 80% of the Closing Sale Price on the Business Day immediately preceding the VWAP Purchase Date or (ii) such higher price as set forth by the Company in the VWAP Purchase Notice.

  • Minimum DSCR means, with respect to a Supplemental Loan, (i) if the Senior Indebtedness bears interest at a fixed rate, 1.25:1, or (ii) if the Senior Indebtedness bears interest at a floating rate, 1.10:1.

  • 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:

  • Annual EBITDA means, with respect to any Project or Minority Holding, as of the first day of each fiscal quarter for the immediately preceding consecutive four fiscal quarters, an amount equal to (i) total revenues relating to such Project or Minority Holding for such period, less (ii) total operating expenses relating to such Project or Minority Holding for such period (it being understood that the foregoing calculation shall exclude non-cash charges as determined in accordance with GAAP). Each of the foregoing amounts shall be determined by reference to the Borrower’s Statement of Operations for the applicable periods. An example of the foregoing calculation is set forth on Exhibit G hereto.

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

  • 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.

  • 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.

  • Minimum Takedown Threshold shall have the meaning given in Section 2.1.4.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Minimum Cash Amount shall have the meaning set forth in Section 6.2(iv).

  • Accelerated Purchase Minimum Price Threshold means, with respect to any Accelerated Purchase made pursuant to Section 2(b) hereof, any minimum per share price threshold set forth in the applicable Accelerated Purchase Notice.

  • Minimum Cash Balance means a cash balance to be held by the Debtors on the Effective Date in an amount equal to $75 million plus any amounts received on account of GCI (as defined in the Uniti Term Sheet) reimbursements and Cash Payments (as defined in the Uniti Term Sheet) received by the Debtors on or before the Effective Date.

  • Additional Accelerated Purchase Minimum Price Threshold means, with respect to an Additional Accelerated Purchase made pursuant to Section 2(c) hereof, any minimum per share price threshold set forth in the applicable Additional Accelerated Purchase Notice.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Stated Threshold means total losses under the shared loss agreements in the amount of $41,000,000.00.