Common use of Minimum Modified Consolidated EBITDA/Consolidated Fixed Charge Coverage Ratio Clause in Contracts

Minimum Modified Consolidated EBITDA/Consolidated Fixed Charge Coverage Ratio. (i) The Credit Parties and their Subsidiaries shall maintain Modified Consolidated EBITDA calculated as of the last day of each Fiscal Quarter set forth below for the Measurement Period ending on such date of not less than the amount set forth opposite such Fiscal Quarter under the column “Minimum Modified Consolidated EBITDA” (provided that, for the avoidance of doubt, compliance with this clause (b)(i) shall not be required commencing with the Fiscal Quarter ending March 31, 2026): Fiscal Quarter ending Minimum Modified Consolidated EBITDA March 31, 2024 ($1,500,000) June 30, 2024 ($10,900,000) September 30, 2024 ($8,200,0009,600,000) December 31, 2024 ($6,700,00011,550,000) March 31, 2025 ($7,000,00012,200,000) June 30, 2025 ($500,0008,000,000) September 30, 2025 ($400,0005,800,000) December 31, 2025 $225,000505,000 (ii) Commencing with the Fiscal Quarter ending March 31, 2026, calculated as of the last day of such Fiscal Quarter and each Fiscal Quarter thereafter, the Credit Parties and their Subsidiaries shall maintain a Consolidated Fixed Charge Coverage Ratio for the Measurement Period ending on such date of no less than 1.10:1.00.

Appears in 1 contract

Sources: Credit Agreement (Fluent, Inc.)

Minimum Modified Consolidated EBITDA/Consolidated Fixed Charge Coverage Ratio. (i) The Credit Parties and their Subsidiaries shall maintain Modified Consolidated EBITDA calculated as of the last day of each Fiscal Quarter set forth below for the Measurement Period ending on such date of not less than the amount set forth opposite such Fiscal Quarter under the column “Minimum Modified Consolidated EBITDA” (provided that, for the avoidance of doubt, compliance with this clause (b)(i) shall not be required commencing with the Fiscal Quarter ending March 31June 30, 20262025): Fiscal Quarter ending Minimum Modified Consolidated EBITDA March 31, 2024 $ ($1,500,0001,500,000 ) June 30, 2024 $ ($10,900,0005,000,000 ) September 30, 2024 ($8,200,0009,600,000) $ 200,000 December 31, 2024 ($6,700,00011,550,000) $ 6,900,000 March 31, 2025 ($7,000,00012,200,000) June 30, 2025 ($500,0008,000,000) September 30, 2025 ($400,0005,800,000) December 31, 2025 $225,000505,000$ 9,900,000 (ii) Commencing with the Fiscal Quarter ending March 31June 30, 20262025, calculated as of the last day of such Fiscal Quarter and each Fiscal Quarter thereafter, the Credit Parties and their Subsidiaries shall maintain a Consolidated Fixed Charge Coverage Ratio for the Measurement Period ending on such date of no less than 1.10:1.00.

Appears in 1 contract

Sources: Credit Agreement (Fluent, Inc.)

Minimum Modified Consolidated EBITDA/Consolidated Fixed Charge Coverage Ratio. (i) The Credit Parties and their Subsidiaries shall maintain Modified Consolidated EBITDA calculated as of the last day of each Fiscal Quarter set forth below for the Measurement Period ending on such date of not less than the amount set forth opposite such Fiscal Quarter under the column “Minimum Modified Consolidated EBITDA” (provided that, for the avoidance of doubt, compliance with this clause (b)(i) shall not be required commencing with the Fiscal Quarter ending March June 30March 31, 202620252026): Fiscal Quarter ending Minimum Modified Consolidated EBITDA March 31, 2024 ($1,500,000) June 30, 2024 ($10,900,0005,000,00010,900,000) September 30, 2024 ($8,200,0009,600,000200,0008,200,000) December 31, 2024 ($6,700,00011,550,0006,900,0006,700,000) March 31, 2025 ($7,000,00012,200,0009,900,0007,000,000) June 30, 2025 ($500,0008,000,000500,000) September 30, 2025 ($400,0005,800,000) 400,000 December 31, 2025 $225,000505,000225,000 (ii) Commencing with the Fiscal Quarter ending March June 30March 31, 202620252026, calculated as of the last day of such Fiscal Quarter and each Fiscal Quarter thereafter, the Credit Parties and their Subsidiaries shall maintain a Consolidated Fixed Charge Coverage Ratio for the Measurement Period ending on such date of no less than 1.10:1.00.

Appears in 1 contract

Sources: Credit Agreement (Fluent, Inc.)