Common use of Minimum EBITDA Clause in Contracts

Minimum EBITDA. US Borrower will not permit EBITDA, measured as of the last day of each fiscal quarter for the four quarter period then ended, to be less than (i) $17,700,000 for the fiscal quarter ending Xxxxx 00, 0000, (xx) $9,100,000 for the fiscal quarter ending June 30, 2016, (iii) $2,400,000 for the fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending December 31, 2016, (v) $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017.

Appears in 2 contracts

Samples: Credit Agreement (Nine Energy Service, Inc.), Credit Agreement (Nine Energy Service, Inc.)

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Minimum EBITDA. US Borrower will not permit EBITDA, measured as As of the last day end of each of its fiscal quarters beginning with the quarter for ended June 30, 2008, the four quarter period then ended, to be Borrower shall maintain minimum EBITDA of not less than the following: (i) $17,700,000 7,500,000 for the fiscal quarter ending Xxxxx 00, 0000, (xx) $9,100,000 for the fiscal quarter ending six months ended June 30, 20162008, (ii) $12,500,000 for the nine months ended September 30, 2008, and (iii) $2,400,000 16,500,000 for the fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending twelve months ended December 31, 2016, (v) $8,000,000 2008 and for the each trailing twelve month period thereafter to be tested at each fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017end.

Appears in 2 contracts

Samples: Loan and Security Agreement (Broadwind Energy, Inc.), Loan and Security Agreement (Broadwind Energy, Inc.)

Minimum EBITDA. US The Borrower will not permit EBITDA, measured as of the last day end of each any fiscal quarter permit trailing twelve-month EBITDA for the four quarter period then ended, ending on such date to be less than (i) $17,700,000 the number set forth below for the fiscal quarter ending Xxxxx 00corresponding period: Fiscal Quarter Ending Minimum EBITDA December 31, 00002001 $ 31,944,000 March 31, (xx) $9,100,000 for the fiscal quarter ending 2002 $ 30,118,000 June 30, 2016, (iii) $2,400,000 for the fiscal quarter ending 2002 $ 29,566,000 September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending 2002 $ 28,746,000 December 31, 2016, (v) $8,000,000 for the fiscal quarter ending 2002 $ 31,337,000 March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending 2003 $ 32,450,000 June 30, 2017.2003 $ 34,029,000 September 30, 2003 $ 35,020,000

Appears in 1 contract

Samples: Revolving Credit Agreement (Anacomp Inc)

Minimum EBITDA. US Borrower will not permit EBITDA, measured as As of the last day of each fiscal quarter of the Borrower specified below, the Borrower shall not permit EBITDA for the four quarter period fiscal quarters of the Borrower then ended, ended to be less than (i) $17,700,000 for the fiscal quarter ending Xxxxx 00, 0000, (xx) $9,100,000 for the fiscal quarter ending than: EBITDA FOR FOUR FISCAL QUARTERS THEN ENDED SHALL NOT FISCAL QUARTER ENDING ON OR ABOUT: BE LESS THAN June 30, 2016, (iii) 2003 $2,400,000 for the fiscal quarter ending 28,000,000 September 30, 2016, (iv) (2003 $1,000,000) for the fiscal quarter ending 28,000,000 December 31, 2016, (v) 2003 $8,000,000 for the fiscal quarter ending 28,000,000 March 31, 2017, and (vi) 2004 $14,300,000 for the fiscal quarter ending 28,000,000 June 30, 2017.2004 $30,000,000 September 30, 2004 $30,000,000 December 31, 2004, and each fiscal $32,000,000 quarter ending thereafter

Appears in 1 contract

Samples: Credit Agreement (Lamson & Sessions Co)

Minimum EBITDA. US The Borrower will and each of its Subsidiaries shall not at any time permit EBITDAEBITDA of the Borrower and each of its Subsidiaries, measured calculated as of the last day end of each fiscal quarter for the four quarter period fiscal quarters then ended, to be less than (i) $17,700,000 the applicable amount set for the applicable fiscal quarter ending Xxxxx 00below: Fiscal Quarter Amount July 1, 00002007 through March 31, (xx) 2008 $9,100,000 for the fiscal quarter ending June 3015,000,000 April 1, 2016, (iii) $2,400,000 for the fiscal quarter ending 2008 through September 30, 20162008 $17,500,000 October 1, (iv) ($1,000,000) for the fiscal quarter ending December 31, 2016, (v) $8,000,000 for the fiscal quarter ending 2008 through March 31, 20172009 $20,000,000 April 1, 2009 and (vi) $14,300,000 for the each fiscal quarter ending June 30, 2017.thereafter $22,500,000

Appears in 1 contract

Samples: Credit Agreement (Kansas City Power & Light Co)

Minimum EBITDA. US Borrower will not permit EBITDA, measured as of the last day of each fiscal quarter for the four quarter period then ended, to be less than (i) $17,700,000 for the fiscal quarter ending Xxxxx 00, 0000, (xx) $9,100,000 for the fiscal quarter ending June 30, 2016, (iii) $2,400,000 for the fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending December 31, 2016, (v) $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017, (vii) $15,000,000 for the fiscal quarter ending September 30, 2017, (viii) $17,000,000 for the fiscal quarter ending December 31, 2017, and (ix) $19,000,000 for the fiscal quarter ending March 31, 2018.

Appears in 1 contract

Samples: Credit Agreement (Nine Energy Service, Inc.)

Minimum EBITDA. US The Borrower will not permit EBITDA, measured as its --------------- Consolidated EBITDA for any period of four consecutive fiscal quarters of the last day of each Borrower ending during the Borrower's fiscal quarter for the four quarter period then endedyear ending January 30, 1999, to be less than (ia) $17,700,000 for 20,000,000, in the case of any such period ending on the last day of the first or second fiscal quarter ending Xxxxx 00, 0000of such fiscal year, (xxb) $9,100,000 for 25,000,000, in the case of the period ending on the last day of the third fiscal quarter ending June 30, 2016, of such fiscal year or (iiic) $2,400,000 for 40,000,000, in the case of the period ending on the last day of such fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending December 31, 2016, (v) $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017year.

Appears in 1 contract

Samples: J Crew Operating Corp

Minimum EBITDA. US Borrower will The Borrowers shall not permit EBITDApermit, measured as of the last day of each any fiscal quarter quarter, EBITDA for the four consecutive fiscal quarter period then ended, ending thereon to be less than (i) $17,700,000 for 35,000,000 from the fiscal Third Restatement Date through the last day of the first full quarter ending Xxxxx 00, 0000, after the Completion Date and (xxii) $9,100,000 for the fiscal quarter ending June 30, 2016, (iii) $2,400,000 for the fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending December 31, 2016, (v) $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 201745,000,000 thereafter.

Appears in 1 contract

Samples: Credit Agreement (Monarch Casino & Resort Inc)

Minimum EBITDA. US Borrower will shall not permit EBITDA, measured as of (a) the last day of each fiscal quarter for the four quarter period then ended, to be less than (i) $17,700,000 for the fiscal quarter ending Xxxxx 00, 0000, (xx) $9,100,000 for the fiscal quarter ending June 30, 2016, (iii) $2,400,000 for the fiscal quarter ending September 30, 2016, (iv) ($1,000,000) EBTIDA for the fiscal quarter ending December 31, 20162015 to be less than $1,000,000, (vb) $8,000,000 the EBITDA for the fiscal quarter ending March 31, 20172015 to be less than $1,000,000, and (vic) $14,300,000 the EBITDA for the two-fiscal quarter period ending June 30, 20172016 to be less than $2,300,000, (d) the EBITDA for the three-fiscal quarter period ending September 30, 2016 to be less than $3,750,000, and (e) the EBITDA for the four-fiscal quarter period ending December 31, 2016 to be less than $5,250,000.

Appears in 1 contract

Samples: Credit Agreement (Aly Energy Services, Inc.)

Minimum EBITDA. US As of the end of each fiscal quarter of the Borrower, beginning with the first fiscal quarter ending after the Third Amendment Effective Date, the Borrower will not permit EBITDA, measured as of the last day of each fiscal quarter EBITDA for the four quarter period then ended, Borrower and its Subsidiaries to be less than (i) $17,700,000 for the fiscal amount set forth below opposite such period: Minimum Period EBITDA Fiscal quarter ending Xxxxx 00February 29, 00002004 $ 15,000,000 Two fiscal quarters ending May 31, (xx) $9,100,000 for the 2004 $ 42,500,000 Three fiscal quarter quarters ending June August 31, 2004 $ 75,000,000 Calculation Period ending November 30, 2016, (iii) $2,400,000 for the fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending December 31, 2016, (v) $8,000,000 for the fiscal quarter ending March 31, 2017, 2004 and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017.each Calculation Period thereafter $ 110,000,000

Appears in 1 contract

Samples: Credit Agreement (Shaw Group Inc)

Minimum EBITDA. US The Borrower will shall not permit EBITDA, measured as EBITDA at the end of the last day of each any fiscal quarter ending on (i) December 31, 2016 to be less than $4,000,000 for the four two-fiscal quarter period then ended, (ii) March 31, 2017 to be less than (i) $17,700,000 7,000,000 for the three-fiscal quarter ending Xxxxx 00period then ended, 0000, and (xxiii) $9,100,000 for the fiscal quarter ending June 30, 2016, (iii) 2017 to be less than $2,400,000 12,000,000 for the four-fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending December 31, 2016, (v) $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017period then ended.

Appears in 1 contract

Samples: Credit Agreement (Pioneer Energy Services Corp)

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Minimum EBITDA. US Borrower will shall maintain EBITDA of not permit EBITDAless than the amounts shown opposite such fiscal quarter calculated on a rolling twelve-month basis (except as otherwise noted below), measured for each twelve-month period (except as of otherwise noted below) ending on the last day of each such fiscal quarter for the four quarter period then endedquarter: Fiscal Quarter Ended Minimum EBITDA September 30, to be less than 2001 (i9 month period) $17,700,000 for the fiscal quarter ending Xxxxx 00$ 3,500,000.00 December 31, 00002001 $ 2,600,000.00 March 31, (xx) $9,100,000 for the fiscal quarter ending 2002 $ 2,600,000.00 June 30, 2016, (iii) $2,400,000 for the fiscal quarter ending 2002 $ 2,650,000.00 September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending 2002 $ 2,865,000.00 December 31, 2016, (v) $8,000,000 for the fiscal quarter ending March 31, 2017, 2002 and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017.thereafter $ 2,865,000.00

Appears in 1 contract

Samples: Loan and Security Agreement (Security Capital Corp/De/)

Minimum EBITDA. US The Borrower will not permit EBITDA, measured as of the last day of each the Borrower’s fiscal quarter months ended on or about the following dates for the four quarter period then endedsuch fiscal month, to be less than the following indicated amounts: Fiscal Month Ended On or About Minimum EBITDA December 31, 2000 (i$250,000) January 31, 2001 ($17,700,000 for the fiscal quarter ending Xxxxx 00150,000) February 28, 00002001 $2,195,000 March 31, (xx) 2001 $9,100,000 for the fiscal quarter ending 2,359,000 April 30, 2001 $2,095,000 May 31, 2001 $1,659,000 June 30, 2016, (iii) 2001 $2,400,000 for the fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending December 31, 2016, (v) $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017.1,685,000

Appears in 1 contract

Samples: Credit Agreement (Norstan Inc)

Minimum EBITDA. US The Borrower will not permit EBITDA, measured calculated as of the last day end of the fiscal quarters of the Borrower ending March 31, 2023 and June 30, 2023 and, in each case, calculated for the fiscal quarter for (and not the four quarter period period) then endedending, to be less than (i) $17,700,000 for the fiscal quarter ending Xxxxx 00, 0000, (xx) $9,100,000 for the fiscal quarter ending June 30, 2016, (iii) $2,400,000 for the fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending December 31March 30, 2016, 2023 and (vii) $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 1 for the fiscal quarter ending June 30, 20172023.

Appears in 1 contract

Samples: Credit Agreement (DZS Inc.)

Minimum EBITDA. US Borrower will shall not permit EBITDA, measured as of the last day of each for any fiscal quarter for the four quarter period then endedof Borrower, to be less than (i) $17,700,000 for the amounts set forth below. This ratio will be calculated at the end of each fiscal quarter ending Xxxxx 00of Borrower. Fiscal Quarter Ending Minimum EBITDA December 31, 00002006 $ (29,000,000 ) March 31, 2007 $ (xx19,000,000 ) $9,100,000 for the fiscal quarter ending June 30, 2016, 2007 $ (iii2,000,000 ) $2,400,000 for the fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending 2007 $ 12,000,000 December 31, 2016, (v) $8,000,000 for the fiscal quarter ending 2007 $ 19,000,000 March 31, 2017, 2008 and (vi) $14,300,000 for the each fiscal quarter ending June 30, 2017.thereafter $ 20,000,000

Appears in 1 contract

Samples: Credit Agreement (Powerwave Technologies Inc)

Minimum EBITDA. US The Borrower will not permit EBITDA, measured EBITDA as of the last day of each any fiscal quarter for the four quarter period consecutive fiscal quarters then ended, ended to be less than (i) $17,700,000 for 35,000,000 from April 30, 1998 through April 29, 1999, (ii) $40,000,000 at the end of any fiscal quarter ending Xxxxx 00, 0000, (xx) $9,100,000 for the fiscal quarter ending June on or after April 30, 20161999 through April 29, 2000, and (iii) $2,400,000 for 45,000,000 at the end of any fiscal quarter ending September 30, 2016, (iv) ($1,000,000) for the fiscal quarter ending December 31, 2016, (v) $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017thereafter.

Appears in 1 contract

Samples: Credit Agreement (Norstan Inc)

Minimum EBITDA. US The Borrower will not permit EBITDA, measured as of EBITDA for the last day four fiscal quarter period ending at the end of each fiscal quarter for of the four quarter period then ended, Borrower set forth below to be less than (i) EBITDA set forth opposite such date: Minimum Date EBITDA 12/31/01 $17,700,000 for the fiscal quarter ending Xxxxx 00, 0000, (xx) 17 million 3/31/02 $9,100,000 for the fiscal quarter ending June 30, 2016, (iii) 21.5 million 6/30/02 $2,400,000 for the fiscal quarter ending September 30, 2016, (iv) (28.2 million 9/30/02 $1,000,000) for the fiscal quarter ending December 31, 2016, (v) 36.8 million 12/31/02 $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017.49.6 million

Appears in 1 contract

Samples: Credit Agreement (Ntelos Inc)

Minimum EBITDA. US Borrower Borrowers and their Subsidiaries will not permit have EBITDA, measured as of the last day of each fiscal quarter for the four fiscal quarter period then endedending, to be of not less than (i) the applicable amount required below: Fiscal Quarter Ending Minimum EBITDA September 30, 2015 $17,700,000 for the fiscal quarter ending Xxxxx 0010,600,000 December 31, 00002015 $7,000,000 March 31, (xx) 2016 $9,100,000 for the fiscal quarter ending 7,800,000 June 30, 2016, (iii) 2016 $2,400,000 for the fiscal quarter ending 8,600,000 September 30, 2016, (iv) (2016 $1,000,000) for the fiscal quarter ending 8,500,000 December 31, 2016, (v) 2016 $8,000,000 for the fiscal quarter ending March 31, 2017, and (vi) $14,300,000 for the fiscal quarter ending June 30, 2017.8,400,000

Appears in 1 contract

Samples: Credit Agreement (Lincoln Educational Services Corp)

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