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 February 28, 2013, (ii) on a rolling-two-months basis for the reporting period ending March 31, 2013, and (iii) on a rolling-three-months basis for all subsequent reporting periods, Borrowers’ consolidated EBITDA loss shall not exceed the amounts set forth in the table immediately below for the corresponding reporting periods. February 28, 2013 ($ 725,437 ) March 31, 2013 ($ 1,274,026 ) April 30, 2013 ($ 1,736,064 ) May 31, 2013 ($ 1,451,787 ) June 30, 2013 ($ 1,364,802 ) July 31, 2013 ($ 1,329,576 ) August 31, 2013 ($ 1,208,799 ) September 30, 2013 ($ 1,136,190 ) October 31, 2013 ($ 1,038,915 ) November 30, 2013 ($ 988,943 ) December 31, 2013 ($ 907,671 ) 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). 6) Section 7.12 of the Agreement is hereby amended and restated, as follows: