ADJUSTMENTS TO MINIMUM CONSOLIDATED ADJUSTED EBITDA Sample Clauses

ADJUSTMENTS TO MINIMUM CONSOLIDATED ADJUSTED EBITDA. Upon consummation of (x) the disposition of the assets or business of the Borrower assigned the code name “Rockford” and/or (y) the disposition of the assets or business of the Borrower assigned the code name “Xxxxxx” (each such disposition, an “Applicable Disposition”; and the assets or business so disposed, each a “Disposed Business”), the amounts set forth in the table in Section 5.03(a) (the “Covenant EBITDA Amounts”) for the period in which such Applicable Disposition occurs and for each subsequent period shall be adjusted in accordance with the following principles: • The Adjusted EBITDA projected to be generated by such Disposed Business during the fiscal month in which such Applicable Disposition occurs and during each subsequent month, as adjusted to reflect the covenant cushion for each such month set forth in the financial model dated January 29, 2013 posted to the private-side Lenders on February 4, 2013 (the “Model”), shall be removed from the projected consolidated monthly Adjusted EBITDA set forth in the Model. The adjustment for the fiscal month in which the Applicable Disposition occurs shall be made on a pro rata basis so that the adjustment shall be made only with respect to the period of time following the date of disposition (e.g., if the Applicable Disposition occurs on the 15th of such month, the adjustment described in the preceding sentence for such month shall be multiplied by 50% (to reflect the fact that the Disposed Business was owned for one-half of such month), and if Applicable Disposition occurs on the 20th of such month, the adjustment described in the preceding sentence for such month shall be multiplied by 33% (to reflect the fact that the Disposed Business was owned for two-thirds of such month). • Additional expenses in an amount equal to (x) $3.5 million per fiscal month (if the Disposed Business is Rockford) or (y) $2.0 million per fiscal month (if the Disposed Business is Xxxxxx) shall be added into the Model (without any “cushion”), to reflect the “stranded cost factor” associated with the applicable Disposed Business. With respect to the fiscal month in which the Applicable Disposition occurs, such expenses shall be added on a pro rata basis in the manner described in the last sentence of the preceding bullet point. • The Covenant EBITDA Amounts for each applicable period shall be modified by the sum of the adjustments to projected consolidated monthly EBITDA described in the preceding two bullet points for such p...
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Related to ADJUSTMENTS TO MINIMUM CONSOLIDATED ADJUSTED EBITDA

  • Minimum Consolidated EBITDA (a) The Borrower will not permit Consolidated EBITDA (i) for the Borrower's fiscal quarter ending closest to June 30, 1997 to be less than $2,500,000 and (ii) for any Test Period ending on the last day of a fiscal quarter of the Borrower set forth below to be less than the amount set forth opposite such fiscal quarter below: Fiscal Quarter Ending Closest To Amount ----------------- ------ September 30, 1997 $5,000,000 December 31, 1997 $5,000,000 March 31, 1998 $5,000,000 June 30, 1998 $5,000,000 September 30, 1998 $5,000,000 December 31, 1998 $5,000,000 March 31, 1999 $5,000,000 June 30, 1999 $5,000,000 -64- September 30, 1999 $ 5,000,000 December 31, 1999 $ 5,000,000 March 31, 2000 $ 5,000,000 June 30, 2000 $10,000,000 September 30, 2000 $15,000,000 December 31, 2000 $15,000,000 March 31, 2001 $15,000,000 June 30, 2001 $15,750,000 September 30, 2001 $16,500,000 December 31, 2001 $16,500,000 March 31, 2002 $16,500,000 June 30, 2002 $16,500,000

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Minimum Consolidated Net Worth The Company will not permit its Consolidated Net Worth at any time to be less than the sum of (a) $800,000,000 plus (b) an aggregate amount equal to 50% of its Consolidated Net Earnings (but, in each case, only if a positive number) for each completed fiscal year beginning with the fiscal year ending September 30, 2013.”

  • Minimum Consolidated Interest Coverage Ratio Permit the Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less than 3.25 to 1.00.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Adjusted Quick Ratio A ratio of (i) Quick Assets to (ii) Current Liabilities minus the current portion of Deferred Revenue of at least 1.25 to 1.00.

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