{"component": "clause", "props": {"groups": [{"snippet": "Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.", "samples": [{"hash": "kSZbIvDa2Mi", "uri": "/contracts/kSZbIvDa2Mi#minimum-adjusted-ebitda", "label": "Multi Draw Term Loan and Security Agreement (Hamilton Lane INC)", "score": 36.761806488, "published": true}, {"hash": "jAGYydQssTD", "uri": "/contracts/jAGYydQssTD#minimum-adjusted-ebitda", "label": "Term Loan and Security Agreement (Hamilton Lane INC)", "score": 35.7761802673, "published": true}, {"hash": "i2VvOlYKB0C", "uri": "/contracts/i2VvOlYKB0C#minimum-adjusted-ebitda", "label": "Multi Draw Term Loan and Security Agreement (Hamilton Lane INC)", "score": 35.7761802673, "published": true}], "size": 11, "snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [0, 14]}, {"key": "adjusted-ebitda", "type": "definition", "offset": [53, 68]}, {"key": "dividend-distributions", "type": "clause", "offset": [75, 97]}, {"key": "tax-distributions", "type": "definition", "offset": [110, 127]}, {"key": "test-date", "type": "clause", "offset": [141, 150]}, {"key": "equal-to", "type": "definition", "offset": [213, 221]}], "hash": "fc43a160805546b1dc931670bcab9745", "id": 2}, {"snippet": "During any calendar quarter during which the sum of Borrower\u2019s unrestricted cash and Cash Equivalents at Bank falls below the Testing Threshold at any time during such calendar quarter (each, a \u201cTesting Quarter\u201d), Borrower shall achieve, on a consolidated basis with respect to Borrower and its Subsidiaries, Adjusted EBITDA tested on the last day of such Testing Quarter, of not less than the amounts set forth in the chart below for the corresponding measuring period: The required minimum Adjusted EBITDA covenant levels for the measuring periods ending after December 31, 2021, shall be set by Bank based on Borrower\u2019s projections delivered to Bank in accordance with Section 6.3(f) hereof and acceptable to Bank. The new covenant levels shall be documented in an amendment to this Agreement to be entered into on or prior to March 15, 2022. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019s failure to enter into such amendment to this Agreement to reset such covenant levels on or prior to March 15, 2022 shall be an immediate and non-curable Event of Default hereunder.\u201d", "samples": [{"hash": "9rCs2HLAPDX", "uri": "/contracts/9rCs2HLAPDX#minimum-adjusted-ebitda", "label": "Loan and Security Agreement (Weave Communications, Inc.)", "score": 36.8466796875, "published": true}, {"hash": "2Voa4lm5Mhz", "uri": "/contracts/2Voa4lm5Mhz#minimum-adjusted-ebitda", "label": "Loan and Security Agreement (Weave Communications, Inc.)", "score": 35.35181427, "published": true}, {"hash": "7xERWRycXvX", "uri": "/contracts/7xERWRycXvX#minimum-adjusted-ebitda", "label": "Loan and Security Agreement (Weave Communications, Inc.)", "score": 34.3497619629, "published": true}], "size": 13, "snippet_links": [{"key": "calendar-quarter", "type": "clause", "offset": [11, 27]}, {"key": "sum-of", "type": "clause", "offset": [45, 51]}, {"key": "unrestricted-cash-and-cash-equivalents", "type": "clause", "offset": [63, 101]}, {"key": "at-bank", "type": "clause", "offset": [102, 109]}, {"key": "testing-threshold", "type": "definition", "offset": [126, 143]}, {"key": "at-any-time", "type": "clause", "offset": [144, 155]}, {"key": "testing-quarter", "type": "definition", "offset": [195, 210]}, {"key": "borrower-shall", "type": "clause", "offset": [214, 228]}, {"key": "consolidated-basis", "type": "clause", "offset": [243, 261]}, {"key": "borrower-and-its-subsidiaries", "type": "definition", "offset": [278, 307]}, {"key": "day-of", "type": "clause", "offset": [344, 350]}, {"key": "required-minimum", "type": "clause", "offset": [475, 491]}, {"key": "ebitda-covenant", "type": "definition", "offset": [501, 516]}, {"key": "measuring-periods", "type": "definition", "offset": [532, 549]}, {"key": "after-december", "type": "clause", "offset": [557, 571]}, {"key": "by-bank", "type": "clause", "offset": [595, 602]}, {"key": "based-on", "type": "definition", "offset": [603, 611]}, {"key": "to-bank", "type": "definition", "offset": [645, 652]}, {"key": "in-accordance-with", "type": "clause", "offset": [653, 671]}, {"key": "new-covenant", "type": "clause", "offset": [722, 734]}, {"key": "agreement-to-be", "type": "clause", "offset": [786, 801]}, {"key": "entered-into", "type": "clause", "offset": [802, 814]}, {"key": "prior-to", "type": "clause", "offset": [821, 829]}, {"key": "march-15", "type": "clause", "offset": [830, 838]}, {"key": "to-enter", "type": "definition", "offset": [865, 873]}, {"key": "default-hereunder", "type": "clause", "offset": [1019, 1036]}], "hash": "a352b972ed06814dd7072212261dcf37", "id": 1}, {"snippet": "Borrowers\u2019 and their Subsidiaries\u2019 Adjusted EBITDA, measured on a month-end basis, for the [__] month period ending _________, 201__ is $___________, which [does/does not] satisfy the minimum Adjusted EBITDA requirement set forth in Section 8 of the Credit Agreement (and copied below) for the corresponding period.", "samples": [{"hash": "bZbh5mrha3K", "uri": "/contracts/bZbh5mrha3K#minimum-adjusted-ebitda", "label": "Credit and Security Agreement (StarTek, Inc.)", "score": 25.1861743927, "published": true}, {"hash": "dzUz8sJ2kVP", "uri": "/contracts/dzUz8sJ2kVP#minimum-adjusted-ebitda", "label": "Credit and Security Agreement (StarTek, Inc.)", "score": 24.3552360535, "published": true}, {"hash": "kNKC1HhZrCC", "uri": "/contracts/kNKC1HhZrCC#minimum-adjusted-ebitda", "label": "Credit and Security Agreement (StarTek, Inc.)", "score": 23.6132793427, "published": true}], "size": 7, "snippet_links": [{"key": "a-month", "type": "definition", "offset": [64, 71]}, {"key": "period-ending", "type": "definition", "offset": [102, 115]}, {"key": "adjusted-ebitda-requirement", "type": "definition", "offset": [192, 219]}, {"key": "section-8", "type": "clause", "offset": [233, 242]}, {"key": "the-credit-agreement", "type": "clause", "offset": [246, 266]}, {"key": "corresponding-period", "type": "definition", "offset": [294, 314]}], "hash": "cc2e7f37a3a36b10f79d97f19fa4c045", "id": 3}, {"snippet": "The Parent shall not permit its Adjusted EBITDA to be less than the following:\n(i) for the Fiscal Quarter ending June 30, 2013, $2,500,000 measured as of the last day of the trailing three (3) month period;\n(ii) for the Fiscal Quarter ending September 30, 2013, $5,000,000 measured as of the last day of the trailing six (6) month period;\n(iii) for the Fiscal Quarter ending December 31, 2013, $7,500,000 measured as of the last day of the trailing nine (9) month period; and\n(iv) for the Fiscal Quarter ending March 31, 2014, and for each Fiscal Quarter thereafter, $10,000,000, measured as of the last day of the trailing twelve (12) month period.", "samples": [{"hash": "82MVMEXx1O1", "uri": "/contracts/82MVMEXx1O1#minimum-adjusted-ebitda", "label": "Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.)", "score": 24.6002731323, "published": true}, {"hash": "b4lEOrU3CY4", "uri": "/contracts/b4lEOrU3CY4#minimum-adjusted-ebitda", "label": "Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.)", "score": 24.3730316162, "published": true}, {"hash": "ikz0gKwSc0K", "uri": "/contracts/ikz0gKwSc0K#minimum-adjusted-ebitda", "label": "Revolving Loan and Security Agreement (Diversicare Healthcare Services, Inc.)", "score": 24.3538665771, "published": true}], "size": 5, "snippet_links": [{"key": "the-parent", "type": "clause", "offset": [0, 10]}, {"key": "adjusted-ebitda", "type": "definition", "offset": [32, 47]}, {"key": "fiscal-quarter-ending", "type": "definition", "offset": [91, 112]}, {"key": "day-of", "type": "clause", "offset": [163, 169]}], "hash": "9f6bde6f58903731dbf86b4609237889", "id": 4}, {"snippet": "The Parent and its Subsidiaries, on a consolidated basis, will be required to maintain a minimum Adjusted EBITDA which will be measured quarterly on a rolling four quarter basis as follows: January 1, 2011 through December 31, 2011 $57 million January 1, 2012 through December 31, 2012 $68 million January 1, 2013 through Maturity Date $75 million", "samples": [{"hash": "2zcDKueLObD", "uri": "/contracts/2zcDKueLObD#minimum-adjusted-ebitda", "label": "Credit Agreement (Cbeyond, Inc.)", "score": 20.338809967, "published": true}], "size": 5, "snippet_links": [{"key": "the-parent", "type": "clause", "offset": [0, 10]}, {"key": "consolidated-basis", "type": "clause", "offset": [38, 56]}, {"key": "to-maintain", "type": "clause", "offset": [75, 86]}, {"key": "rolling-four", "type": "definition", "offset": [151, 163]}, {"key": "through-december", "type": "clause", "offset": [206, 222]}, {"key": "maturity-date", "type": "definition", "offset": [322, 335]}], "hash": "e597985d0508984890483afc8d4ac38e", "id": 5}, {"snippet": "Maintain as of the end of the fiscal quarter of the Borrower minimum Consolidated Adjusted EBITDA of not less than the dollar amount set forth below for such fiscal quarter: FISCAL QUARTER ENDING AMOUNT --------------------------------------- February 18, 2001 $34,000,000 May 13, 2001 $34,000,000 August 5, 2001 $34,000,000 October 28, 2001 $35,000,000", "samples": [{"hash": "9k7tkq9TO8X", "uri": "/contracts/9k7tkq9TO8X#minimum-adjusted-ebitda", "label": "Credit Agreement (Shoneys Inc)", "score": 18.0, "published": true}], "size": 5, "snippet_links": [{"key": "of-the-borrower", "type": "clause", "offset": [45, 60]}, {"key": "minimum-consolidated-adjusted-ebitda", "type": "clause", "offset": [61, 97]}, {"key": "dollar-amount", "type": "clause", "offset": [119, 132]}, {"key": "fiscal-quarter-ending", "type": "definition", "offset": [174, 195]}], "hash": "ea6eb023e181316f64c11cc111bd8b62", "id": 6}, {"snippet": "Permit Adjusted EBITDA as of the end of any fiscal quarter to be less than the amount set forth below opposite such fiscal quarter calculated quarterly on a trailing four (4) quarter basis (except as otherwise provided in the definition of Adjusted EBITDA): January 31, 2014 and eachApril 30, 2014, July 31,October 31 and January 31thereafter; $5,000,000 provided, however, that this Section 5.3 shall not be applicable with respect to the fiscal quarter ended October 31, 2013.", "samples": [{"hash": "c2YFt8o9mSR", "uri": "/contracts/c2YFt8o9mSR#minimum-adjusted-ebitda", "label": "Senior Credit Agreement (Streamline Health Solutions Inc.)", "score": 24.9589328766, "published": true}], "size": 4, "snippet_links": [{"key": "fiscal-quarter", "type": "clause", "offset": [44, 58]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [190, 218]}, {"key": "definition-of-adjusted-ebitda", "type": "clause", "offset": [226, 255]}, {"key": "section-53", "type": "clause", "offset": [384, 395]}, {"key": "with-respect-to", "type": "clause", "offset": [420, 435]}], "hash": "d3616af2c198f73daa249e2aa0b6c8ec", "id": 7}, {"snippet": "Adjusted EBITDA, measured on each fiscal quarter-end basis, for the then most recently completed thirteen Fiscal Month period, of at least $20,000,000.\u201d", "samples": [{"hash": "3ysxjo4QEEB", "uri": "/contracts/3ysxjo4QEEB#minimum-adjusted-ebitda", "label": "Loan and Security Agreement (Vicorp Restaurants Inc)", "score": 21.0, "published": true}], "size": 4, "snippet_links": [{"key": "adjusted-ebitda", "type": "definition", "offset": [0, 15]}, {"key": "fiscal-quarter", "type": "clause", "offset": [34, 48]}, {"key": "fiscal-month", "type": "definition", "offset": [106, 118]}], "hash": "6a21d7a668f5739e7f2635aac04d1e62", "id": 8}, {"snippet": "Achieve Adjusted EBITDA, measured on a month-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: {Z0030334/1 }", "samples": [{"hash": "dzUz8sJ2kVP", "uri": "/contracts/dzUz8sJ2kVP#minimum-adjusted-ebitda", "label": "Credit and Security Agreement (StarTek, Inc.)", "score": 24.3552360535, "published": true}], "size": 4, "snippet_links": [{"key": "adjusted-ebitda", "type": "definition", "offset": [8, 23]}, {"key": "a-month", "type": "definition", "offset": [37, 44]}, {"key": "required-amount", "type": "definition", "offset": [72, 87]}, {"key": "applicable-period", "type": "clause", "offset": [129, 146]}], "hash": "7e4855723fe36b15600e14edec94780d", "id": 9}, {"snippet": "The Company shall not permit Adjusted EBITDA as of the end of any fiscal period set forth below to be less than the respective amount set forth below: Fiscal Period(s) ending on or about Amount ----------------------------------- ------ three months ended 3/31/02 $ 20,000,000 four months ended 4/30/02 $ 25,000,000 five months ended 5/31/02 $ 35,000,000 six months ended 6/30/02 $ 50,000,000 seven months ended 7/31/02 $ 60,000,000 eight months ended 8/31/02 $ 65,000,000 nine months ended 9/30/02 $ 80,000,000 ten months ended 10/31/02 $ 90,000,000 eleven months ended 11/30/02 $ 95,000,000 twelve months ended 12/31/02 $100,000,000 twelve months ended 1/31/03 $100,000,000 twelve months ended 2/28/03 $100,000,000 twelve months ended 3/31/03 $100,000,000 twelve months ended 4/30/03 $ 95,000,000 twelve months ended 5/31/03 $ 95,000,000 twelve months ended 6/30/03 $ 95,000,000 twelve months ended 7/31/03 $ 90,000,000 twelve months ended 8/31/03 $ 90,000,000 twelve months ended 9/30/03 $ 80,000,000 twelve months ended 10/31/03 $ 80,000,000 twelve months ended 11/30/03 $ 80,000,000 twelve months ended 12/31/03 $ 80,000,000 twelve months ended 1/31/04 $ 75,000,000 twelve months ended 2/29/04 $ 75,000,000 twelve months ended 3/31/04 $ 70,000,000 twelve months ended 4/30/04 $ 70,000,000 twelve months ended 5/31/04 $ 65,000,000 twelve months ended 6/30/04 $ 60,000,000 and the twelve month period $ 60,000,000 ended on the last day of each month thereafter\n1.18 Amendment to Paragraph 6K. 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