Budgeted EBITDA Sample Clauses

Budgeted EBITDA. The amount of Budgeted EBITDA of the Company for the Plan Year which is $5,471,000.
Budgeted EBITDA. In the event the Corporation or any --------------- Subsidiary makes any capital expenditures not contemplated by the projections upon which the Budgeted EBITDA targets are based, or the Corporation or any Subsidiary consummates any mergers, acquisitions or dispositions (whether of assets or stock or other interests) or other extraordinary transactions, the Board will determine in good faith appropriate adjustments to the Budgeted EBITDA targets, which adjustments shall be final and binding.

Related to Budgeted EBITDA

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

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of Borrower and its Subsidiaries for such period determined on a Consolidated basis.

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

  • Minimum Adjusted EBITDA Borrowers’ and their Subsidiaries’ Adjusted EBITDA, measured on a month-end basis, for the [__] month period ending _________, 201__ is $___________, which [does/does not] satisfy the minimum Adjusted EBITDA requirement set forth in Section 8 of the Credit Agreement (and copied below) for the corresponding period. Applicable Amount Applicable Period $5,000,000 For the 12-month period ending March 31, 2014 $5,000,000 For the 12-month period ending April 30, 2014 $4,000,000 For the 12-month period ending May 31, 2014 $3,000,000 For the 12-month period ending June 30, 2014 $3,000,000 For the 12-month period ending July 31, 2014 $1,500,000 For the 12-month period ending August 31, 2014 $2,000,000 For the 12-month period ending September 30, 2014 $2,000,000 For the 12-month period ending October 31, 2014 $2,000,000 For the 12-month period ending November 30, 2014 $4,000,000 For the 12-month period ending December 31, 2014 $4,000,000 For the 12-month period ending January 31, 2015 $4,000,000 For the 12-month period ending February 28, 2015 $4,000,000 For the 12-month period ending March 31, 2015

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

  • Consolidated Capital Expenditures Holdings and Company shall not, and shall not permit their Subsidiaries to, make or incur Consolidated Capital Expenditures, in any Fiscal Year (or portion of a Fiscal Year set forth below) in an aggregate amount in excess of the amount set forth below opposite such Fiscal Year (the “Maximum Consolidated Capital Expenditures Amount”): Fiscal Year Maximum Consolidated Capital Expenditures Amount Portion of Fiscal Year 2007 occurring following the Closing Date $ 10,000,000 2008 $ 11,000,000 2009 $ 12,000,000 2010 $ 13,000,000 2011 $ 14,000,000 2012 $ 15,000,000 2013 $ 16,000,000 Portion of Fiscal Year 2014 occurring prior to the Term Loan Maturity Date $ 17,000,000 provided that the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year shall be increased by an amount equal to the excess, if any, of the Maximum Consolidated Capital Expenditures Amount for the previous Fiscal Year (without giving effect to any adjustment in accordance with this proviso) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year (with Capital Expenditures in any Fiscal Year being deemed to have been made first from any amount carried forward from the preceding Fiscal Year), and may be further increased at the option of Company by an amount equal to 50% of the Maximum Consolidated Capital Expenditures Amount for the succeeding Fiscal Year; provided, further, that in addition to the amounts set forth above, Holdings and its Subsidiaries may make Consolidated Capital Expenditures up to the Specified Equity Amount. Any usage of the succeeding Fiscal Year’s Maximum Consolidated Capital Expenditures Amount shall be deducted from the Maximum Consolidated Capital Expenditures Amount available for such succeeding Fiscal Year. After the consummation of any Permitted Acquisition permitted hereunder, the Maximum Consolidated Capital Expenditures Amount for any Fiscal Year shall be increased in an amount equal to 110% of the average annual amount of capital expenditures made by the Person or business so acquired as reflected in the financial statements of such Person or business during the two fiscal years preceding such Permitted Acquisition.

  • Minimum EBITDA EBITDA, measured on a fiscal quarter-end basis, of not less than the required amount set forth in the following table for the applicable period set forth opposite thereto; Appplicable Amount Applicable Period ($2,000,000) For the 12 month period ending September 30, 2004 ($1,850,000) For the 12 month period ending December 31, 2004 ($2,106,000) For the 12 month period ending March 31, 2005 ($2,382,000) For the 12 month period ending June 30, 2005 ($2,043,000) For the 12 month period ending September 30, 2005 ($891,000) For the 12 month period ending December 31, 2005 $2,750,000 For the 12 month period ending March 31, 2006 $4,000,000 For the 12 month period ending June 30, 2006 $5,000,000 For the 12 month period ending September 30, 2006 $6,000,000 For the 12 month period ending December 31, 2006 $7,000,000 For the 12 month period ending March 31, 2007 $7,750,000 For the 12 month period ending June 30, 2007 $8,500,000 For the 12 month period ending September 30, 2007 $9,500,000 For the 12 month period ending December 31, 2007 $10,500,000 For the 12 month period ending March 31, 2008 $12,000,000 For the 12 month period ending June 30, 2008 $15,000,000 For the 12 month period ending September 30, 2008 and each 12 month period ending at the end of a fiscal quarter thereafter

  • Maximum Consolidated Capital Expenditures Make or incur Consolidated Capital Expenditures, in any Fiscal Year indicated below, in an aggregate amount for the Loan Parties and their Subsidiaries in excess of the corresponding amount set forth below opposite such$55,000,000 in any Fiscal Year (the “Permitted Capital Expenditure Amount”); provided, that such amount for any Fiscal Yearthe Permitted Capital Expenditure Amount shall be increased by an amount equal to the excess, if any, (of such amount for the immediately preceding Fiscal Year (as adjusted in accordance with this proviso) over the actual amount of Consolidated Capital Expenditures for such previous Fiscal Year (the “Rollover Amount”) (; provided, further that any such excess amountRollover Amount shall be used in the immediately following Fiscal Year only after the amount scheduledPermitted Capital Expenditure Amount for such following Fiscal Year) has been fully utilized; provided further that if the total net revenues (as reflected on a consolidated statement of operations) of Holdings and its Subsidiaries for aany Fiscal Year exceed $700,000,000, the Permitted Capital Expenditure Amount for such Fiscal Year set forth below shall be increased by 5% of the amount in excess of $700,000,000:700,000,000. Fiscal Year Consolidated Capital Expenditures 2012 $45,000,000 2013 and thereafter $48,000,000

  • 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.