Common use of Minimum Adjusted EBITDA Clause in Contracts

Minimum Adjusted EBITDA. The Borrower will maintain a minimum Adjusted EBITDA, tested quarterly on a rolling twelve month basis, as follows: 1Q17 $10,000,000 2Q17 $ 7,000,000 3Q17 $ 7,000,000 4Q17 $10,000,000 2018 Quarter-ends $ 9,000,000 2019 Quarter-ends $ 9,500,000

Minimum Adjusted EBITDA. The Borrower will shall maintain a minimum Adjusted EBITDA, tested quarterly on a rolling twelve month basis, as follows: 1Q17 $$ 10,000,000 2Q17 $ 7,000,000 3Q17 $ 7,000,000 4Q17 $$ 10,000,000 2018 Quarter-ends 1Q18 $ 9,000,000 2019 Quarter-ends 6,000,000 2Q18 $ 9,500,0006,000,000 3Q18 $ 5,000,000 4Q18 $ 6,000,000 1Q19 $ 7,000,000 2Q19 $ 7,000,000 3Q19 $ 7,000,000 4Q19 $ 7,000,000 1Q20 $ 8,000,000”

Minimum Adjusted EBITDA. The Borrower will maintain a minimum Adjusted EBITDA, tested quarterly on a rolling twelve month basis, as follows: 1Q17 $$ 10,000,000 2Q17 $ 7,000,000 3Q17 $ 7,000,000 4Q17 $$ 10,000,000 2018 Quarter-ends $ 9,000,000 2019 Quarter-ends $ 9,500,000