Common use of Minimum Adjusted EBITDA Clause in Contracts

Minimum Adjusted EBITDA. Borrower shall achieve Adjusted EBITDA (measured on a trailing twelve (12) month basis) of at least the amounts set forth in the table below for the corresponding measuring periods (tested as of the last day of each calendar quarter): Measuring Period Ending Minimum Adjusted EBITDA June 30, 2020 $10,000,000 September 30, 2020 $10,000,000 December 31, 2020 $10,000,000 March 31, 2021 $0 June 30, 2021 $0 September 30, 2021 $5,000,000 December 31, 2021 and for each calendar quarter thereafter $10,000,000

Minimum Adjusted EBITDA. Borrower shall achieve Adjusted EBITDA (EBITDA, measured on a Fiscal Quarter-end basis, for the trailing twelve (12) month basis) period most recently ended, of at least Borrower and its Subsidiaries, of not less than the amounts required amount set forth in the following table below for the corresponding measuring periods (tested as of the last day of each calendar quarter): Measuring applicable period set forth opposite thereto; Applicable Amount Fiscal Period Ending Minimum Adjusted EBITDA $ 19,630,000 December 2002 $ 18,815,000 March 2003 $ 18,350,000 June 30, 2020 $10,000,000 2003 $ 19,625,000 September 30, 2020 $10,000,000 2003 $ 18,825,000 December 31, 2020 $10,000,000 2003 $ 19,185,000 March 31, 2021 $0 2004 $ 19,225,000 June 30, 2021 $0 2004 $ 19,930,000 September 30, 2021 $5,000,000 2004 $ 20,260,000 December 31, 2021 and for each calendar quarter thereafter $10,000,0002004

Minimum Adjusted EBITDA. Borrower shall achieve Adjusted EBITDA (measured on a trailing twelve (12) month basis) of at least the amounts set forth in the table below for the corresponding measuring periods (tested as As of the last day of each calendar quarter): Measuring Period Ending Minimum fiscal quarter of Borrower set forth in the following table, Borrower shall achieve Adjusted EBITDA of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: Applicable Period Applicable Amount For the 3 month period ending June 30, 2020 2011 $10,000,000 1,400,000 For the 6 month period ending September 30, 2020 2011 $10,000,000 3,500,000 For the 9 month period ending December 31, 2020 2011 $10,000,000 6,100,000 For the 12 month period ending March 31, 2021 2012 $0 June 30, 2021 $0 September 30, 2021 $5,000,000 December 31, 2021 and for each calendar quarter thereafter $10,000,0008,700,000