Minimum Consolidated Adjusted EBITDA. The Borrower will maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2003, a minimum Consolidated Adjusted EBITDA of no less than (i) $0 for the Fiscal Quarter ending June 30, 2003, (ii) $1,000,000 for the Fiscal Quarter ending September 30, 2003 and (iii) $2,500,000 for each Fiscal Quarter thereafter.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (Mapics Inc), Revolving Credit and Term Loan Agreement (Mapics Inc)
Minimum Consolidated Adjusted EBITDA. The Borrower Borrowers will maintain, as of the last day of each Fiscal Quarter, Quarter commencing with the Fiscal Quarter ending June 30December 31, 20032009, a minimum Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of no not less than (i) $0 for the Fiscal Quarter ending June 30, 2003, (ii) $1,000,000 for the Fiscal Quarter ending September 30, 2003 and (iii) $2,500,000 for each Fiscal Quarter thereafter22,500,000.
Appears in 2 contracts
Samples: Revolving Credit and Term Loan Agreement (PRGX Global, Inc.), Revolving Credit and Term Loan Agreement (PRGX Global, Inc.)
Minimum Consolidated Adjusted EBITDA. The Borrower will maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2003, a minimum Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of no not less than (i) $0 for the Fiscal Quarter ending June 30, 2003, (ii) $1,000,000 for the Fiscal Quarter ending September 30, 2003 and (iii) $2,500,000 for each Fiscal Quarter thereafter40,000,000.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Easylink Services International Corp)
Minimum Consolidated Adjusted EBITDA. The Borrower Borrowers will maintain, as of the last day end of each Fiscal Quarter, Quarter (commencing with the Fiscal Quarter ending June 30March 31, 20032017), a minimum Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of no not less than (i) $0 the below amounts for the corresponding Fiscal Quarters: Fiscal Quarter End Minimum Consolidated Adjusted EBITDA 12/31/16 and each Fiscal Quarter thereafter through and including the Fiscal Quarter ending June 30, 2003, (ii) 12/31/17 $1,000,000 for the Fiscal Quarter ending September 30, 2003 10,000,000 3/31/18 and (iii) 6/30/18 $2,500,000 for 11,000,000 9/30/18 and each Fiscal Quarter thereafter.thereafter $12,000,000
Appears in 1 contract
Samples: Tenth Loan Documents Modification Agreement (PRGX Global, Inc.)
Minimum Consolidated Adjusted EBITDA. The Borrower will maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2003, a minimum Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of no not less than (i) $0 for the Fiscal Quarter ending June 30, 2003, (ii) $1,000,000 for the Fiscal Quarter ending September 30, 2003 and (iii) $2,500,000 for each Fiscal Quarter thereafter17,000,000.
Appears in 1 contract
Samples: Revolving Credit and Term Loan Agreement (Easylink Services International Corp)
