Common use of Maximum EBITDA Loss/Minimum EBITDA Clause in Contracts

Maximum EBITDA Loss/Minimum EBITDA. Measured monthly and calculated (i) on a one-month basis for the reporting period ending November 30, 2013 and (ii) on a rolling-two-months basis for the reporting period ending December 31, 2013, Borrowers’ consolidated EBITDA loss shall not exceed the amounts set forth in the table immediately below for the corresponding reporting periods. November 30, 2013 ($ 1,000,000 ) December 31, 2013 ($ 2,200,000 ) EBITDA levels for subsequent reporting periods will be set by Bank based upon the board approved, fully-funded operating plan to be provided by Borrowers pursuant to Section 6.2(viii).

Appears in 2 contracts

Sources: Loan and Security Agreement (Trupanion Inc.), Loan and Security Agreement (Trupanion Inc.)