Minimum EBITDA Covenant. Section 5.21 of the Credit Agreement is amended by replacing the amounts set forth in the table therein, solely for the periods set forth below, with the following amounts (and the remainder of such table shall remain without amendment): Period Amount Third Fiscal Quarter 1996 $11,000,000 Fourth Fiscal Quarter 1996 31,000,000 First Fiscal Quarter 1997 45,000,000 Second Fiscal Quarter 1997 60,000,000 Third Fiscal Quarter 1997 64,000,000 Fourth Fiscal Quarter 1997 68,000,000
Minimum EBITDA Covenant. Article 9 is hereby amended by adding after Section 9.29 the following new Section 9.30:
Minimum EBITDA Covenant. Cause to be maintained as of the end of each fiscal quarter, an EBITDA of not less than (i) negative (-) $31,500,000 for the fiscal quarter ending December 31, 2013 tested on a trailing twelve (12) month basis, (ii) negative (-) $26,500,000 for the fiscal quarter ending March 31, 2014 tested on a trailing twelve (12) month basis, (iii) negative (-) $4,000,000 for the fiscal quarter ending June 30, 2014 tested on a trailing three (3) month basis, (iv) $0.00 for the fiscal quarter ending September 30, 2014 tested on a trailing three (3) month basis, (v) $0.00 for the fiscal quarter ending December 31, 2014 tested on a trailing six (6) month basis, (vi) $0.00 for the fiscal quarter ending March 31, 2015 tested on a trailing nine (9) months basis and (vii) $0.00 for the fiscal quarter ending June 30, 2015 and each fiscal quarter thereafter tested on a trailing twelve (12) month basis.
Minimum EBITDA Covenant. Cause to be maintained as of the end of each fiscal quarter, an EBITDA of not less than (i) negative (-) $26,500,000 for the fiscal quarter ending March 31, 2014, (ii) negative (-) $24,000,000 for the fiscal quarter ending June 30, 2014, (iii) negative (-) $20,600,000 for the fiscal quarter ending September 30, 2014, (iv) negative (-) $12,000,000 for the fiscal quarter ending December 31, 2014, (v) negative (-) $3,500,000 for the fiscal quarter ending March 31, 2015 and (vi) $4,000,000 for the fiscal quarter ending June 30, 2015 and each fiscal quarter thereafter, tested on a trailing twelve (12) month basis at all times.
Minimum EBITDA Covenant. EBITDA for the most recent Test Period of not less than (x) $13,000,000 for the Test Period ended June 30, 2005, (y) $15,000,000 for the Test Period ending September 30, 2005, and (z) $18,000,000 for each Test Period ending on and after December 31, 2005.”
Minimum EBITDA Covenant. The Company and its Consolidated Subsidiaries shall maintain on a Consolidated basis a minimum EBITDA measured as of each Covenant Testing Date for the preceding Covenant Measurement Period as follows: ----------------------- --------------------------------------------------- Minimum EBITDA Covenant Testing Date ----------------------- --------------------------------------------------- $2,000,000.00 June 30, 2002 ----------------------- --------------------------------------------------- $7,000,000.00 September 30, 2002 ----------------------- --------------------------------------------------- $15,000,000.00 Each Covenant Testing Date from December 31, 2002 through September 30, 2003 ----------------------- --------------------------------------------------- $18,000,000.00 Each Covenant Testing Date from December 31, 2003 through September 30, 2004 ----------------------- --------------------------------------------------- $20,000,000.00 December 31, 2004 and each covenant testing Date thereafter ----------------------- --------------------------------------------------- provided that, for the purposes of computing the EBITDA of Company and its Consolidated Subsidiaries for the purposes of this subsection 8.3.1, (x) the Covenant Measurement Period corresponding to the Covenant Testing Date of June 30, 2002 shall consist of the six (6) months ended as of such date and (y) the Covenant Measurement Period corresponding to the Covenant Testing Date of September 30, 2002 shall consist of the nine (9) months ended as of such date.
Minimum EBITDA Covenant. 75 SECTION 6.13 Limitation on Change in Fiscal Year................75
Minimum EBITDA Covenant. Upon the occurrence and during the continuance of a Triggering Event, the Company and its Subsidiaries shall achieve Consolidated EBITDA measured at the end of each of the following fiscal quarters on a trailing twelve month basis of at least the following amounts: --------------------------------------- -------------------------- Consolidated EBITDA Fiscal Quarter(s) --------------------------------------- -------------------------- $50,000,000 Third Quarter FY 2000 Xxxxxx Xxxxxxx FY 2005 First Quarter FY 2006 --------------------------------------- -------------------------- $55,000,000 Second Quarter FY 2006 --------------------------------------- -------------------------- $70,000,000 Third Quarter FY 2006 --------------------------------------- -------------------------- $80,000,000 Fourth Quarter FY 2006 --------------------------------------- -------------------------- $100,000,000 First Quarter FY 2000 Xxxxxx Xxxxxxx FY 2007 --------------------------------------- -------------------------- $120,00,000 Third Quarter FY 2007 and each Fiscal Quarter thereafter --------------------------------------- --------------------------
Minimum EBITDA Covenant. Effective as of June 25, 2002, Section 9.30(a) is hereby deleted and the following is substituted therefor:
Minimum EBITDA Covenant. A. Consolidated net income for the Measurement Period of ADES and its Subsidiaries without duplication and to the extent deducted in calculating Net Income in A: B. interest expense C. the sum of federal, state, local and foreign taxes paid in cash
