Minimum EBITDA Covenant Sample Clauses
A Minimum EBITDA Covenant is a contractual provision that requires a borrower to maintain a specified minimum level of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) during the term of a loan or credit agreement. This clause typically applies to financial arrangements where lenders want assurance of the borrower's ongoing financial health, and it is monitored through regular financial reporting. By setting a minimum EBITDA threshold, the clause helps lenders manage credit risk and provides an early warning mechanism if the borrower's financial performance deteriorates, thereby protecting the lender's interests.
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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. Section 6.8 (iii) of the Credit Agreement is hereby amended as of the Third Amendment Effective Date to read as follows:
Minimum EBITDA Covenant. Section 9.30 is hereby deleted.
Minimum EBITDA Covenant. The Borrower covenants and agrees that so long as the Term Loan is outstanding and until the payment and satisfaction in full of all the Obligations, the Borrower will not permit EBITDA for any period of four (4) consecutive fiscal quarters ending after September 30, 2001 to be less than $8,000,000.
Minimum EBITDA Covenant. During the Covenant Amendment Period, the Borrower will not permit EBITDA (exclusive of up to $3,595,000 in restructuring charges incurred in the fourth quarter of fiscal year 2000) for the periods set forth below to be less than the amount set forth opposite each such period: Period Amount ------ ------ 1 month ended 10/31/00 $(1,000,000) 2 months ended 11/30/00 $(2,000,000) 3 months ended 12/31/00 $(3,000,000) 4 months ended 1/31/01 $(3,500,000) 5 months ended 2/28/01 $(3,483,000) 6 months ended 3/31/01 $(3,156,000) 7 months ended 4/30/01 $(2,567,000) 8 months ended 5/31/01 $(2,077,000) 9 months ended 6/30/01 $(1,437,000) 10 months ended 7/31/01 $(994,000) 11 months ended 8/31/01 $(384,000) 12 months ended 9/30/01 $256,000 The required minimum cumulative EBITDA may be adjusted upon terms satisfactory to Borrower and Determining Lenders from time to time as a result of asset sales.
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 2▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ 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 2▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ FY 2007 --------------------------------------- -------------------------- $120,00,000 Third Quarter FY 2007 and each Fiscal Quarter thereafter --------------------------------------- --------------------------
Minimum EBITDA Covenant. As of the end of any calendar quarter EBITDA for the most recent Test Period of not less than $15,000,000.
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
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. Commencing with the fiscal quarter ending December 31, 2016, Borrower shall maintain a minimum EBITDA of greater than or equal to $24,000,000 at the end of each fiscal quarter.