Common use of Conditional Minimum EBITDA Clause in Contracts

Conditional Minimum EBITDA. To the extent that the Consolidated Unencumbered Liquid Assets are less than $5,500,000 as of the last day of any Fiscal Quarter set forth in the table below (designated by “Q” in the table below), not permit the EBITDA of Borrower and its Subsidiaries for the consecutive month period ending on the last Business Day of such Fiscal Quarter to be less than the applicable amount set forth in the table below for such period. Six (6) month period ending Q4 2021 $500,000 Nine (9) month period ending Q1 2022 ($1,000,000) Twelve (12) month period ending Q2 2022 ($1,000,000) Twelve (12) month period ending Q3 2022 ($1,000,000) Twelve (12) month period ending Q4 20221 2023 and each Fiscal Quarter thereafter $1

Appears in 1 contract

Sources: Credit Agreement (Biolase, Inc)

Conditional Minimum EBITDA. To the extent that the Consolidated Unencumbered Liquid Assets are less than $5,500,000 7,500,000 as of the last day of any Fiscal Quarter set forth in the table below (designated by “Q” in the table below), not permit the EBITDA of Borrower [Biolase] Eighth Amendment #152492165 and its Subsidiaries for the consecutive month period ending on the last Business Day of such Fiscal Quarter to be less than the applicable amount set forth in the table below for such period. Six (6) month period ending Q4 2021 $500,000 Nine (9) month period ending Q1 2022 ($1,000,000-($1,000,000) Twelve (12) month period ending Q2 2022 ($1,000,000-($1,000,000) Twelve (12) month period ending Q3 2022 ($1,000,000-($1,000,000) Twelve (12) month period ending Q4 20221 2023 2022 and each Fiscal Quarter thereafter $11 [Biolase] Eighth Amendment #152492165

Appears in 1 contract

Sources: Credit Agreement (Biolase, Inc)