Common use of Minimum Quarterly Consolidated EBITDA Clause in Contracts

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 $18.0 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 -------------------------------------------------------------------------------- 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 --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Pledge Agreement (Memc Electronic Materials Inc)

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Minimum Quarterly Consolidated EBITDA. The Issuer 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 2001 negative $18.0 million -------------------------------------------------------------------------------- First Quarter of 2002 negative $13.0 million -------------------------------------------------------------------------------- Second Quarter of 2002 negative $10.0 million -------------------------------------------------------------------------------- Third Quarter of 2002 Zero zero -------------------------------------------------------------------------------- Fourth Quarter of 2002 $8.0 million -------------------------------------------------------------------------------- First Quarter of 2003 $10 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 --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Revolving Credit Agreement (Memc Electronic Materials Inc)

Minimum Quarterly Consolidated EBITDA. The Issuer 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 2001 negative $18.0 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 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 ------------------------------------------------------------------------------------------------------------------------------------------

Appears in 1 contract

Samples: Revolving Credit Agreement (Memc Electronic Materials Inc)

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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 $18.0 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 -------------------------------------------------------------------------------- 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 --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Indenture (Memc Electronic Materials Inc)

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