Minimum EBITDA. Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Minimum EBITDA. As of the end of each of its fiscal quarters beginning with the quarter ended June 30, 2008, the Borrower shall maintain minimum EBITDA of not less than the following: (i) $7,500,000 for the six months ended June 30, 2008, (ii) $12,500,000 for the nine months ended September 30, 2008, and (iii) $16,500,000 for the twelve months ended December 31, 2008 and for each trailing twelve month period thereafter to be tested at each fiscal quarter end.”
Minimum EBITDA. For each month ending during the period from the Closing Date through the Covenant Adjustment Date, achieve EBITDA of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: Applicable Amount Applicable Period ($15,000,000) For the three month period ending March 31, 2017 ($17,000,000) For the four month period ending April 30, 2017 ($21,000,000) For the five month period ending May 31, 2017 ($21,000,000) For the six month period ending June 30, 2017 ($20,000,000) For the seven month period ending July 31, 2017 ($18,000,000) For the eight month period ending August 31, 2017 ($12,000,000) For the nine month period ending September 30, 2017 ($11,000,000) For the ten month period ending October 31, 2017 ($11,000,000) For the eleven month period ending November 30, 2017 ($5,000,000) For the twelve month period ending December 31, 2017 $0 For the twelve month period ending January 31, 2018 $0 For the twelve month period ending February 28, 2018 $5,000,000 For the twelve month period ending March 31, 2018 $5,000,000 For the twelve month period ending April 30, 2018 $5,000,000 For the twelve month period ending May 31, 2018 $20,000,000 For the twelve month period ending June 30, 2018 $20,000,000 For the twelve month period ending July 31, 2018 $20,000,000 For the twelve month period ending August 31, 2018 $20,000,000 For the twelve month period ending September 30, 2018 $20,000,000 For the twelve month period ending October 31, 2018 $20,000,000 For the twelve month period ending November 30, 2018 $25,000,000 For the twelve month period ending December 31, 2018 and each month thereafter
Minimum EBITDA. Fail to achieve EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: Applicable Amount Applicable Period $ 1,273,000 For the 3 month period ending December 31, 2006 $ 2,930,000 For the 6 month period ending March 31, 2007 $ 5,117,000 For the 9 month period ending June 30, 2007 $ 8,027,000 For the 12 month period ending September 30, 2007 $ 8,931,000 For the 12 month period ending December 31, 2007 $ 9,436,000 For the 12 month period ending March 31, 2008 $ 9,736,000 For the 12 month period ending June 30, 2008 $ 9,606,000 For the 12 month period ending September 30, 2008 $ 10,000,000 For the 12 month period ending each quarter thereafter
Minimum EBITDA. Borrowers' EBITDA, to be measured on a trailing twelve (12) month basis as of the last day of the applicable period set forth in the table below (except for the period ending on September 30, 2007, which shall be measured on a trailing nine (9) month basis), shall not be less than the following: Period Minimum EBITDA For the fiscal quarter ending September 30, 2007 $(4,000,000) For the fiscal quarter ending December 31, 2007 $(5,500,000) For the fiscal quarter ending March 31, 2008 $(3,200,000) For the fiscal quarter ending June 30, 2008 $(3,000,000) For the fiscal quarter ending September 30, 2008 $(3,000,000) For the fiscal quarter ending December 31, 2008 $(2,700,000)
Minimum EBITDA. Holdings and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, Minimum EBITDA for the 12-Fiscal Month period then ended calculated of not less than the following: Period Minimum EBITDA June 30, 2008 $ 14,500,000 September 30, 2008 $ 14,750,000 December 31, 2008 $ 15,000,000 March 31, 2009 $ 15,500,000 June 30, 2009 $ 15,750,000 September 30, 2009 $ 16,000,000 December 31, 2009 $ 16,000,000 March 31, 2010 $ 16,250,000 June 30, 2010 $ 16,250,000 September 30, 2010 $ 16,500,000 December 31, 2010 $ 16,500,000 March 31, 2011 and each Fiscal Quarter ending thereafter $ 16,750,000 3.13. On the New Life Acquisition Effective Date, Section 7.1(b) of the Credit Agreement shall be amended and restated in its entirety to read as follows:
Minimum EBITDA. Achieve EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: Applicable Amount Applicable Period $13,494,000 For the 1 quarter period ending December 31, 2008 $26,152,000 For the 2 quarter period ending March 31, 2009 $43,155,000 For the 3 quarter period ending June 30, 2009 $63,924,000 For the 4 quarter period ending September 30, 2009 $73,511,000 For the 4 quarter period ending December 31, 2009 $77,380,000 For the 4 quarter period ending March 31, 2010 $82,577,000 For the 4 quarter period ending June 30, 2010 $88,926,000 For the 4 quarter period ending September 30, 2010 $95,980,000 For the 4 quarter period ending December 31, 2010 $103,012,000 For the 4 quarter period ending March 31, 2011 $112,457,000 For the 4 quarter period ending June 30, 2011 $123,994,000 For the 4 quarter period ending September 30, 2011 $136,814,000 For the 4 quarter period ending December 31, 2011 $137,000,000 For the 4 quarter periods ending on the last day of each March, June, September, and December thereafter
Minimum EBITDA. Section 6.16 of the Credit Agreement is amended to read in its entirety as follows:
Minimum EBITDA. The Company shall not permit EBITDA, as of the last day of any fiscal quarter for the four-fiscal quarter period ending on such day, to be less than the amount set forth below opposite such fiscal quarter: Four Fiscal Quarters Ending Minimum EBITDA September 30, 2017 $ 500,000,000 December 31, 2017 $ 550,000,000 March 31, 2018 $ 500,000,000 June 30, 2018 $ 450,000,000 September 30, 2018 $ 450,000,000 December 31, 2018 and each fiscal quarter thereafter $ 425,000,000
Minimum EBITDA. Borrower and its Subsidiaries on a consolidated basis -------------- shall have, at the end of each Fiscal Quarter set forth below, EBITDA for the 12-month period then ended of not less than the following: $62,250,000 for the Fiscal Quarter ending on or about August 31, 2002; $63,250,000 for the Fiscal Quarter ending on or about November 30, 2002; $63,250,000 for the Fiscal Quarter ending on or about February 28, 2003; $64,250,000 for the Fiscal Quarter ending on or about May 31, 2003; $64,250,000 for the Fiscal Quarter ending on or about August 31, 2003; $65,250,000 for the Fiscal Quarter ending on or about November 30, 2003; $65,250,000 for the Fiscal Quarter ending on or about February 28, 2004; $66,250,000 for the Fiscal Quarter ending on or about May 31, 2004; $66,250,000 for the Fiscal Quarter ending on or about August 31, 2004; $67,500,000 for the Fiscal Quarter ending on or about November 30, 2004; $67,500,000 for the Fiscal Quarter ending on or about February 28, 2005; $68,500,000 for the Fiscal Quarter ending on or about May 31, 2005; $68,500,000 for the Fiscal Quarter ending on or about August 31, 2005; $69,500,000 for the Fiscal Quarter ending on or about November 30, 2005; $69,500,000 for the Fiscal Quarter ending on or about February 28, 2006; $70,750,000 for the Fiscal Quarter ending on or about May 31, 2006; $70,750,000 for the Fiscal Quarter ending on or about August 31, 2006; and $71,750,000 for each Fiscal Quarter ending thereafter.
