Closing EBITDA. The Administrative Agent shall have received a certificate from the chief financial officer confirming that Closing EBITDA of the Company and its Subsidiaries, on a consolidated basis, for the twelve-month period ended December 31, 2007, shall equal at least $255,000,000, and showing in reasonable detail the support for such calculation.
Closing EBITDA. EBITDA (calculated on a pro forma basis with adjustments mutually acceptable by Agent and Borrower) (“Closing EBITDA”), for the 12 month period ending on the Closing Date, shall not be less than $175,000,000.
Closing EBITDA. Evidence satisfactory to the Note Purchaser that EBITDA of the Company and its consolidated Subsidiaries (excluding PW Poly) for the seven month period ending July 31, 2004 was at least $13,000,000.
