Minimum EBITDA. Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Month set forth below, EBITDA for the 12- month period then ended of not less than the following: $33,000,000 for the Fiscal Months ending on January 31, 2006 through March 31, 2006; $33,000,000 for the Fiscal Months ending on April 30, 2006 through June 30, 2006; $34,000,000 for the Fiscal Months ending on July 31, 2006 through September 30, 2006; $34,000,000 for the Fiscal Months ending on October 30, 2006 through December 31, 2006; and $35,000,000 for each Fiscal Months ending thereafter.
Appears in 2 contracts
Sources: Second Lien Credit Agreement (Black Warrior Wireline Corp), Credit Agreement (Black Warrior Wireline Corp)
Minimum EBITDA. Borrower and its Subsidiaries Borrowers' EBITDA, to be measured on a consolidated trailing twelve (12) month basis shall have, at as of the end last day of each Fiscal Month the applicable period set forth below, EBITDA in the table below (except for the 12- period ending on September 30, 2007, which shall be measured on a trailing nine (9) month period then ended of basis), shall not be less than the following: For the fiscal quarter ending September 30, 2007 $33,000,000 for (4,000,000) For the Fiscal Months fiscal quarter ending on January December 31, 2006 through 2007 $(5,500,000) For the fiscal quarter ending March 31, 2006; 2008 $33,000,000 for (3,200,000) For the Fiscal Months fiscal quarter ending on April 30, 2006 through June 30, 2006; 2008 $34,000,000 for (3,000,000) For the Fiscal Months fiscal quarter ending on July 31, 2006 through September 30, 2006; 2008 $34,000,000 for (3,000,000) For the Fiscal Months fiscal quarter ending on October 30, 2006 through December 31, 2006; and 2008 $35,000,000 for each Fiscal Months ending thereafter.(2,700,000)
Appears in 2 contracts
Sources: Loan and Security Agreement (Convio, Inc.), Loan and Security Agreement (Convio, Inc.)
Minimum EBITDA. Borrower and its Subsidiaries on a consolidated basis shall have, at Maintain as of the end of each Fiscal Month fiscal quarter set forth below, EBITDA for the 12- applicable period ending on the last day of such fiscal quarter, EBITDA of Borrowers on a Consolidated Basis of at least the amount set forth opposite such fiscal quarter: Three month period then ended of not less than the following: $33,000,000 for the Fiscal Months ending on January September 30, 2009 $ (30,000 ) Six month period ending December 31, 2006 through 2009 $ 880,000 Nine month period ending March 31, 2006; $33,000,000 for the Fiscal Months 2010 $ 1,640,000 Twelve month period ending on April 30, 2006 through June 30, 2006; $34,000,000 for the Fiscal Months 2010 $ 2,685,000 Twelve month period ending on July 31, 2006 through September 30, 2006; $34,000,000 for the Fiscal Months 2010 $ 3,795,000 Twelve month period ending on October 30, 2006 through December 31, 2006; 2010 $ 3,990,000 Twelve month period ending March 31, 2011 and $35,000,000 for each Fiscal Months twelve month period ending thereafter.on the final day of each fiscal quarter thereafter $ 4,000,000
Appears in 1 contract
Sources: Revolving Credit, Term Loan and Security Agreement (Best Energy Services, Inc.)
Minimum EBITDA. Borrower and its Subsidiaries Guarantors (which shall include Interactive and Paradigm through and including September 30, 2003) on a consolidated combined basis shall have, at the end of each Fiscal Month Quarter set forth below, EBITDA for the 12- 12-month period then ended of not less than the following: $33,000,000 for the Period EBITDA ------ ------ Fiscal Months Quarter ending on January December 31, 2006 through 2002 ($ 7,000,000) Fiscal Quarter ending March 31, 2006; 2003 $33,000,000 for the 20,000,000 Fiscal Months Quarter ending on April 30, 2006 through June 30, 2006; 2003 $34,000,000 for the 20,000,000 Fiscal Months Quarter ending on July 31, 2006 through September 30, 2006; $34,000,000 for the 2003 ($ 500,000) Fiscal Months Quarter ending on October 30, 2006 through December 31, 2006; and 2003 ($35,000,000 20,000,000) Fiscal Quarter ending March 31, 2004 ($ 7,500,000) Fiscal Quarter ending June 30, 2004 ($ 7,500,000) for each Fiscal Months Quarter ending thereafter.thereafter $20,000,000
Appears in 1 contract
Sources: Credit Agreement (Atari Inc)
Minimum EBITDA. Borrower and its Subsidiaries EBITDA, measured on a consolidated basis shall havefiscal quarter-end basis, at the end of for each Fiscal Month period set forth below, EBITDA of at least the required amount set forth in the following table for the 12- applicable period set forth opposite thereto: $ (2,125,000 ) For the three month period then ended of not less than the following: $33,000,000 for the Fiscal Months ending on January 31, 2006 through March 31, 2006; $33,000,000 for 2015 $ (4,059,000 ) For the Fiscal Months six month period ending on April 30, 2006 through June 30, 2006; $34,000,000 for 2015 $ (323,000 ) For the Fiscal Months nine month period ending on July 31, 2006 through September 30, 2006; $34,000,000 for 2015 $ (2,205,000 ) For the Fiscal Months twelve month period ending on October 30, 2006 through December 31, 20062015, and the twelve month period ending on the last day of each fiscal quarter thereafter $ 195,000 For the twelve month period ending on March 31, 2016, and the twelve month period ending on the last day of each fiscal quarter thereafter ; and $35,000,000 for each Fiscal Months ending thereafter.and
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries on a consolidated basis shall have, Maintain at the end of each Fiscal Month set forth belowfiscal quarter of the Borrower ending prior to the later of (i) the Bridge Repayment Date and (ii) the date occurring 12 months after the Closing Date, Consolidated EBITDA for of the 12- month period then ended Borrower and its Subsidiaries of not less than the following: $33,000,000 amount set forth below for the Fiscal Months four fiscal quarters ending on January at the end of such fiscal quarter set forth below: Minimum Quarter Ending On EBITDA ----------------- ------ June 30, 1998 $28,000,000 September 30, 1998 $28,000,000 December 31, 2006 through 1998 $30,000,000 March 31, 2006; 1999 $33,000,000 for the Fiscal Months ending on April 30, 2006 through 30,000,000 June 30, 2006; 1999 $34,000,000 for the Fiscal Months ending on July 31, 2006 through 32,000,000 September 30, 2006; 1999 $34,000,000 for the Fiscal Months ending on October 30, 2006 through 32,000,000 December 31, 2006; 1999 $34,000,000 December 31, 2000 and each fiscal quarter thereafter $35,000,000 for each Fiscal Months ending thereafter.39,000,000
Appears in 1 contract
Sources: Credit Agreement (Afa Products Inc)
Minimum EBITDA. Borrower and its Subsidiaries EBITDA, measured on a consolidated basis shall havequarter-end basis, of at least the end of each Fiscal Month required amount set forth below, EBITDA in the following table for the 12- month applicable period then ended of not less than set forth opposite thereto: $ 1,000,000 For the following: $33,000,000 4 fiscal quarter period ending March 31, 2005, and for the Fiscal Months each 4 fiscal quarter period ending on January each fiscal quarter end thereafter through and including June 30, 2006 $ 2,000,000 For the 4 fiscal quarter period ending September 30, 2006 $ 6,000,000 For the 4 fiscal quarter period ending December 31, 2006 through $ 15,000,000 For the 4 fiscal quarter period ending March 31, 2006; $33,000,000 for 2007 $ 17,500,000 For the Fiscal Months 4 fiscal quarter period ending on April 30, 2006 through June 30, 2006; $34,000,000 for 2007 $ 20,000,000 For the Fiscal Months 4 fiscal quarter period ending on July 31, 2006 through September 30, 2006; $34,000,000 2007, and for the Fiscal Months each 4 fiscal quarter period ending on October 30, 2006 through December 31, 2006; and $35,000,000 for each Fiscal Months ending fiscal quarter end thereafter.
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries Borrowers’ EBITDA, to be measured on a consolidated trailing twelve (12) month basis shall have, at as of the end last day of each Fiscal Month the applicable period set forth in the table below, EBITDA for the 12- month period then ended of shall not be less than the following: $33,000,000 for For the Fiscal Months fiscal quarter ending on January 31, 2006 through March 31, 2006; $33,000,000 for 2009 $ 500,000 For the Fiscal Months fiscal quarter ending on April 30, 2006 through June 30, 2006; $34,000,000 for 2009 $ 1,500,000 For the Fiscal Months fiscal quarter ending on July 31, 2006 through September 30, 2006; $34,000,000 for 2009 $ 2,000,000 For the Fiscal Months fiscal quarter ending on October 30, 2006 through December 31, 2006; 2009 $ 2,500,000 For the fiscal quarter ending March 31, 2010 $ 2,500,000 For the fiscal quarter ending June 30, 2010 $ 2,500,000 For the fiscal quarter ending September 30, 2010 $ 2,500,000 For the fiscal quarter ending December 31, 2010 and $35,000,000 for each Fiscal Months fiscal quarter ending thereafter.thereafter $ 3,500,000
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries on a consolidated basis shall have, at At the end of each Fiscal Month fiscal quarter set forth below, maintain consolidated EBITDA for each consecutive four fiscal quarterly period (except that until the 12- month period then ended fiscal quarter ending March 31, 2003 such measurements shall be made for the fiscal quarterly periods from April 1, 2002 and until the end of the fiscal quarter set forth below) of not less than the followingamount set forth below: Fiscal Quarter Ending Amount --------------------- ------ September 30, 2002 $33,000,000 for the Fiscal Months ending on January 30,901,000 December 31, 2006 through 2002 $46,351,000 March 31, 2006; 2003 $33,000,000 for the Fiscal Months ending on April 30, 2006 through 63,854,000 June 30, 2006; 2003 $34,000,000 for the Fiscal Months ending on July 31, 2006 through 67,251,000 September 30, 2006; 2003 $34,000,000 for the Fiscal Months ending on October 30, 2006 through 70,649,000 December 31, 2006; and 2003 $35,000,000 for each Fiscal Months ending thereafter.74,046,000 March 31, 2004 $79,586,000 June 30, 2004 $85,248,000 September 30, 2004 $91,269,000 December 31, 2004 $97,111,000 March 31, 2005 $109,708,000 June 30, 2005 $120,660,000
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries As of the end of each fiscal quarter shown below, have, on a consolidated basis shall have, at the end of each Fiscal Month set forth belowwith Borrower’s Subsidiaries, EBITDA for the 12- three-month period then ended ending, of not less than the followingcorresponding amount shown for such fiscal quarter: $33,000,000 for the Fiscal Months ending on January December 31, 2006 through $ (600,0000 ) March 31, 2006; $33,000,000 for the Fiscal Months ending on April 30, 2006 through 2007 $ (600,0000 ) June 30, 2006; $34,000,000 for the Fiscal Months ending on July 31, 2006 through 2007 $ (400,0000 ) September 30, 2006; $34,000,000 for the Fiscal Months ending on October 30, 2006 through 2007 $ (100,0000 ) December 31, 2006; 2007 $ 200,0000 March 31, 2008 $ 250,0000 June 30, 2008 $ 250,0000 September 30, 2008 $ 500,0000 December 31, 2008 $ 900,0000 March 31, 2009 $ 1,000,0000 June 30, 2009 and $35,000,000 for each Fiscal Months ending thereafter.fiscal quarter thereafter $ 1,100,0000
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries on a consolidated basis shall haveNot permit EBITDA for the following periods ending as of the last day of the following Fiscal Quarters, at to be less than the end of each Fiscal Month respective amounts set forth below, EBITDA for the 12- month : One Fiscal Quarter period then ended of not less than the following: $33,000,000 for the Fiscal Months ending on January March 31, 2006 through $ (7,500,000 ) Two Fiscal Quarter period ending June 30, 2006 $ (15,200,000 ) Three Fiscal Quarter period ending September 30, 2006 $ (12,100,000 ) Computation Periods ending as of the last day of each of the following Fiscal Quarters: December 31, 2006 $ (12,100,000 ) March 31, 2006; $33,000,000 for the Fiscal Months ending on April 30, 2006 through 2007 $ (7,800,000 ) June 30, 2006; $34,000,000 for the Fiscal Months ending on July 31, 2006 through 2007 $ (4,800,000 ) September 30, 2006; $34,000,000 for the Fiscal Months ending on October 30, 2006 through 2007 $ (3,000,000 ) December 31, 2006; 2007 $ 1,500,000 March 31, 2008 and $35,000,000 for each Fiscal Months Quarter ending thereafterthereafter $ 4,000,000 .”
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries on a consolidated basis shall have, As at the end of each Fiscal Month set forth belowthe relevant fiscal quarter of the Borrower, (i) permit EBITDA of the Borrower for the 12- month fiscal quarter period then ended ending (A) in September 1998 to be a negative figure in excess of not $7,500,000 or (B) in December 1998 to be less than $5,000,000, or (ii) permit EBITDA of the following: Borrower to be less than (A) $33,000,000 for 50,000,000 in the Fiscal Months case of the four fiscal quarter period ending on January 31in March 1999, 2006 through March 31or (B) $75,000,000 in the case of the four fiscal quarter period ending in June 1999, 2006; or (C) $33,000,000 for 100,000,000 in the Fiscal Months case of the four fiscal quarter period ending on April 30, 2006 through June 30, 2006; in September 1999 or (D) $34,000,000 for 125,000,000 in the Fiscal Months case of the four fiscal quarter period ending on July 31, 2006 through September 30, 2006; in December 1999 or (E) $34,000,000 for 150,000,000 in the Fiscal Months case of any four fiscal quarter period ending on October 30, 2006 through after December 31, 2006; and $35,000,000 for each Fiscal Months ending thereafter1999.
Appears in 1 contract
Minimum EBITDA. For each Fiscal Quarter commencing with the Fiscal Quarter ending March 31, 2002, Borrower and its Subsidiaries shall maintain an EBITDA (measured on a consolidated cumulative quarterly basis shall havefor the period of January 1, at 2002 through and including December 31, 2002 and on a rolling twelve (12) month basis thereafter) as of the end last day of each such Fiscal Month set forth belowQuarter, EBITDA for the 12- month period then ended of not less than the followingamount set forth below: $33,000,000 for EBITDA For the Fiscal Months Quarter ending on January 31, 2006 through shall not be less than ----------------------------- ---------------------- March 31, 2006; 2002 ($33,000,000 for the Fiscal Months ending on April 30, 2006 through 100,000) June 30, 2006; 2002 ($34,000,000 for the Fiscal Months ending on July 31, 2006 through 1,150,000) September 30, 2006; 2002 ($34,000,000 for the Fiscal Months ending on October 30, 2006 through 1,9000,000) December 31, 2006; and 2002 ($35,000,000 for each Fiscal Months ending thereafter.2,400,000) March 31, 2003 ($2,000,000) June 30,2003 ($1,000,000) September 30, 2003 ($250,000) December 31,2003 $750,000
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basis shall havebasis, at as of the end last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day of each Fiscal Month set forth belowQuarter thereafter, EBITDA for the 12- 12 month period then ended ended, EBITDA of not less than at least the followingamount set forth below opposite such Fiscal Quarter: $33,000,000 for the Fiscal Months ending on January June 30, 2007 $ 32,000,000 September 30, 2007 $ 26,000,000 December 31, 2006 through 2007 $ 27,000,000 March 31, 2006; $33,000,000 for the Fiscal Months ending on April 30, 2006 through 2008 $ 27,000,000 June 30, 2006; $34,000,000 for the Fiscal Months ending on July 31, 2006 through 2008 $ 22,750,000 September 30, 2006; $34,000,000 for the Fiscal Months ending on October 30, 2006 through 2008 $ 25,000,000 December 31, 2006; 2008 $ 25,000,000 March 31, 2009 $ 27,000,000 June 30, 2009 $ 29,000,000 September 30, 2009 $ 30,000,000 December 31, 2009 $ 31,000,000 March 31, 2009 $ 33,000,000 September 30, 2009 and $35,000,000 for each Fiscal Months Quarter ending thereafter.thereafter $ 35,000,000
Appears in 1 contract
Sources: Credit Agreement (Navarre Corp /Mn/)