Minimum Quarterly Consolidated EBITDA Sample Clauses

Minimum Quarterly Consolidated EBITDA. The Borrower will not permit Consolidated EBITDA for any fiscal quarter to be less than the amount set forth opposite such fiscal quarter: QUARTER MINIMUM AMOUNT Fourth Quarter of 2002 $8.0 million First Quarter of 2003 $10.0 million Second Quarter of 2003 $16.0 million Third Quarter of 2003 $19.0 million Fourth Quarter of 2003 $25.0 million First Quarter of 2004 $27.0 million Second Quarter of 2004 $30.0 million Third Quarter of 2004 $33.0 million Fourth Quarter of 2004 $35.0 million First Quarter of 2005 $37.0 million Second Quarter of 2005 $40.0 million Third Quarter of 2005 $42.0 million Fourth Quarter of 2005 $44.0 million First Quarter of 2006 $46.0 million Second Quarter of 2006 $48.0 million Third Quarter of 2006 $50.0 million Fourth Quarter of 2006 $52.0 million First Quarter of 2007 $54.0 million Second Quarter of 2007 $56.0 million Third Quarter of 2007 $58.0 million Fourth Quarter of 2007 $60.0 million
Sample 1See All (5)
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Minimum Quarterly Consolidated EBITDA. The Issuer will not permit Consolidated EBITDA for any fiscal quarter to be less than the amount set forth opposite such fiscal quarter: -------------------------------------------------------------------------------- QUARTER MINIMUM AMOUNT -------------------------------------------------------------------------------- Fourth Quarter of 2001 negative $25.0 million -------------------------------------------------------------------------------- First Quarter of 2002 negative $13.0 million -------------------------------------------------------------------------------- Second Quarter of 2002 negative $10.0 million -------------------------------------------------------------------------------- Third Quarter of 2002 Zero -------------------------------------------------------------------------------- Fourth Quarter of 2002 $8.0 million -------------------------------------------------------------------------------- First Quarter of 2003 $10 million -------------------------------------------------------------------------------- Second Quarter of 2003 $16.0 million -------------------------------------------------------------------------------- Third Quarter of 2003 $19.0 million -------------------------------------------------------------------------------- Fourth Quarter of 2003 $25.0 million -------------------------------------------------------------------------------- First Quarter of 2004 $27.0 million -------------------------------------------------------------------------------- Second Quarter of 2004 $30.0 million -------------------------------------------------------------------------------- Third Quarter of 2004 $33.0 million -------------------------------------------------------------------------------- Fourth Quarter of 2004 $35.0 million -------------------------------------------------------------------------------- First Quarter of 2005 $37.0 million -------------------------------------------------------------------------------- Second Quarter of 2005 $40.0 million -------------------------------------------------------------------------------- Third Quarter of 2005 $42.0 million -------------------------------------------------------------------------------- Fourth Quarter of 2005 $44.0 million -------------------------------------------------------------------------------- First Quarter of 2006 $46.0 million -------------------------------------------------------------------------------- Second Quarter of 2006 $48.0 million -----------...
Sample 1See All (4)
Minimum Quarterly Consolidated EBITDA. The Company will not permit Consolidated EBITDA to be less than $0 for each fiscal quarter of the Company ended June 30, 2021 and September 30, 2021.
Sample 1Sample 2
Minimum Quarterly Consolidated EBITDA. Section 11.1 of the Credit Agreement is amended by deleting the table set forth in such section and substituting in place thereof the following table: QUARTER ENDING MINIMUM CONSOLIDATED EBITDA -------------- --------------------------- July 1996 $(27,750,000) October 1996 $(19,600,000) January 1997 $ (3,603,000) April 1997 $ 6,450,000 July 1997 $ (2,750,000) October 1997 $ (900,000) January 1998 $ 43,400,000 April 1998 $ (2,900,000) July 1998 $ 1,300,000 October 1998 $ (900,000) January 1999 $ 43,400,000
Sample 1
Minimum Quarterly Consolidated EBITDA. Borrower will not have Consolidated EBITDA (a) for the fiscal quarter ending June 30, 2019, of less than $1,750,000, and (b) for the fiscal quarter ending September 30, 2019, of less than $2,000,000.
Sample 1
Minimum Quarterly Consolidated EBITDA. Permit Consolidated EBITDA to be less than (i) $15,000,000 for three month period ending on June 30, 2003, (ii) $30,000,000 for the six month period ending on September 30, 2003, (iii) $45,000,000 for the nine month period ending on December 31, 2003, (iv) $60,000,000 for the twelve month period ending on March 31, 2004, and (v) $75,000,000 for each four fiscal quarter period ending thereafter. Notwithstanding the foregoing, Borrowers will not permit Consolidated EBITDA to be less than $10,000,000 for each fiscal quarter ending on September 30, 2003, December 31, 2003 and March 31, 2004.
Sample 1
Minimum Quarterly Consolidated EBITDA. Lessee shall not permit its Consolidated EBITDA for each of the fiscal quarters on the last day of such fiscal quarter set forth below to be less than the respective amounts set forth below: September 2001 $(130,000,000) December 2001 $ (30,000,000) March 2002 $ 10,000,000 June 2002 $ 10,000,000
Sample 1
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Minimum Quarterly Consolidated EBITDA. CML and the Borrowers will not permit, for each fiscal quarter ending during the month set forth in the table below, Consolidated EBITDA of CML and its Subsidiaries for such fiscal quarter to be less than the amount set forth opposite such month: Minimum Consolidated -------------------- Quarter Ending EBITDA -------------- ------ July 1997 ($15,585,000) October 1997 ($20,461,000) January 1998 $10,863,000 April 1998 $ 5,681,000 July 1998 $ 1,342,000 October 1998 ($14,084,000) January 1999 $15,199,000
Sample 1

Related to Minimum Quarterly Consolidated EBITDA

  • Minimum Consolidated EBITDA (a) The Borrower will not permit Consolidated EBITDA (i) for the Borrower's fiscal quarter ending closest to June 30, 1997 to be less than $2,500,000 and (ii) for any Test Period ending on the last day of a fiscal quarter of the Borrower set forth below to be less than the amount set forth opposite such fiscal quarter below: Fiscal Quarter Ending Closest To Amount ----------------- ------ September 30, 1997 $5,000,000 December 31, 1997 $5,000,000 March 31, 1998 $5,000,000 June 30, 1998 $5,000,000 September 30, 1998 $5,000,000 December 31, 1998 $5,000,000 March 31, 1999 $5,000,000 June 30, 1999 $5,000,000 -64- September 30, 1999 $ 5,000,000 December 31, 1999 $ 5,000,000 March 31, 2000 $ 5,000,000 June 30, 2000 $10,000,000 September 30, 2000 $15,000,000 December 31, 2000 $15,000,000 March 31, 2001 $15,000,000 June 30, 2001 $15,750,000 September 30, 2001 $16,500,000 December 31, 2001 $16,500,000 March 31, 2002 $16,500,000 June 30, 2002 $16,500,000

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Consolidated EBITDA With respect to any period, an amount equal to the EBITDA of Borrower and its Subsidiaries for such period determined on a Consolidated basis.

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (i) Consolidated EBITDA to (ii) Consolidated Cash Interest Expense for any period of four consecutive fiscal quarters to be less than 3.75 to 1.00.

  • EBITDA The term “EBITDA” shall mean, with respect to any fiscal period, “Consolidated EBITDA” as defined in the Credit Agreement, provided that the following should also be excluded from the calculation of EBITDA to the extent not already excluded from the calculation of Consolidated EBITDA under the Credit Agreement: (i) Non-Cash Charges (as defined in the Credit Agreement) related to any issuances of equity securities; (ii) fees and expenses relating to the Acquisition; (iii) financing fees (both cash and non-cash) relating to the Acquisition; (iv) covenant-not-to-compete payments to certain members of the Company’s senior management and related expenses; (v) expenses (or any portion thereof) incurred outside of the ordinary course of business that are approved by the Board which the Board determines in its good faith discretion are in the best interest of the Company but which will have a disproportionately adverse impact on the Company’s short term financial performance, affecting the Company’s ability to achieve financial targets related to the vesting of the Class C Units under the Incentive Unit Subscription Agreements or the Company’s annual bonus plan; (vi) costs and expenses incurred in connection with evaluating and consummating acquisitions not contemplated by the Company’s annual plan, as such plan is approved by the Board in good faith; (vii) related party expenditures that are subject to the prior written consent of the Majority Executives pursuant to Section 2.3(a) of the Securityholders Agreement but have failed to receive such consent; (viii) advisors’ fees and expenses incurred outside the ordinary course of business related solely to Vestar’s activities that are unrelated to the Company; (ix) costs associated with any put option or call option contemplated by any Rollover Subscription Agreement or Incentive Unit Subscription Agreement; (x) costs associated with any proposed initial Public Offering or Sale of the Company (as such terms are defined in the Securityholders Agreement); (xi) expenses related to any litigation arising from the Acquisition; (x) management fees and costs related to the activities giving rise to such fees that are paid to, paid for or reimbursed to Vestar and its Affiliates; and (xii) material expenditures or incremental expenditures inconsistent with prior practice (to the extent that prior practice is relevant) required by Board (where Management Managers (as defined in the Securityholders Agreement) unanimously dissent) unless such expenditures are reasonably likely to result in any benefit (whether economic or non-economic) to the Company as determined by the Board in its good faith discretion.

  • Minimum Consolidated Net Worth The Company will not permit its Consolidated Net Worth at any time to be less than the sum of (a) $800,000,000 plus (b) an aggregate amount equal to 50% of its Consolidated Net Earnings (but, in each case, only if a positive number) for each completed fiscal year beginning with the fiscal year ending September 30, 2013.”

  • Consolidated Net Leverage Ratio Permit the Consolidated Net Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 4.50:1.00.

  • Cash Flow Leverage Ratio The Borrower will not permit the Cash Flow Leverage Ratio on the last day of any fiscal quarter to exceed 3.50 to 1.00.

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