Common use of Minimum Profitability Clause in Contracts

Minimum Profitability. Maintain at the end of each Borrower fiscal quarter for the period commencing as of the Closing Date and ending December 31, 1998, Adjusted EBITDA of at least $5,000,000 and thereafter maintain at the end of each Borrower fiscal quarter, Adjusted EBITDA of at least $6,500,000, to be measured for the rolling four Borrower fiscal quarter period consisting of the Borrower fiscal quarter then ending and the three immediately preceding Borrower fiscal quarters.

Appears in 2 contracts

Sources: Loan Agreement (Conley Canitano & Associates Inc), Loan Agreement (Conley Canitano & Associates Inc)