Minimum Quarterly EBITDA Clause Samples
The Minimum Quarterly EBITDA clause sets a required threshold for a company's earnings before interest, taxes, depreciation, and amortization (EBITDA) that must be met each fiscal quarter. Typically, this clause is found in loan agreements or investment contracts, where the borrower or investee is obligated to maintain a certain level of profitability or cash flow. If the company fails to achieve the specified minimum EBITDA, it may trigger a default or require corrective actions. The core function of this clause is to ensure the financial health and operational performance of the company, thereby protecting the interests of lenders or investors by providing an early warning mechanism for financial distress.
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Minimum Quarterly EBITDA. Borrower shall achieve EBITDA of at least $357,000.00 for the fiscal quarter ending September 30, 2017, of at least $434,000.00 for the fiscal quarter ending December 31, 2017, of at least $289,000.00 for the fiscal quarter ending March 31, 2018, and at least $242,000.00 for the fiscal quarter ending June 30, 2018.
Minimum Quarterly EBITDA. The Borrower shall not permit EBITDA to be less than (A) $3,800,000 during the fiscal quarter ending on September 30, 1999, (B) $4,850,000 during the fiscal quarter ending on December 31, 1999 and (C) $5,000,000 during any fiscal quarter ending on or after March 31, 2000."
SECTION 1.9 AMENDMENT TO SECTION 12.1
Minimum Quarterly EBITDA. Borrower will maintain EBITDA of not less than the following amounts for the quarterly period ending as of each of the dates below: Date: Amount: March 31, 2005 ($ 2,200,000); June 30, 2005 ($ 1,600,000); September 30, 2005 ($ 1,000,000); December 31, 2005 ($ 500,000); and March 31, 2006 and thereafter $ 1.00.
Minimum Quarterly EBITDA. At any time during the periods set forth below the minimum EBITDA of the Borrower and its subsidiaries for the fiscal quarter then ending shall not be less than the amount set forth below: September 30, 2009 $1,700,000 December 31, 2009 $1,700,000 March 31, 2010 and the last day of each quarter thereafter $2,000,000
Minimum Quarterly EBITDA. Maintain EBITDA (as measured for the immediately preceding Fiscal Quarter ending on the date of such measurement if such date is the last day of a Fiscal Quarter, or ending on the last day of the immediately preceding Fiscal Quarter if such measurement is made on a day that is not the last day of a Fiscal Quarter) of at least $10,000,000 for each such Fiscal Quarter.
Minimum Quarterly EBITDA. The Borrower shall have as of the last day of the first fiscal quarter of fiscal year 2001 EBITDA for such fiscal quarter in an amount not less than ($5,000,000), and shall have as of the last day of each of the remaining fiscal quarters during its fiscal year 2001 EBITDA for such fiscal quarter in an amount not less than that set forth for such quarter below: Fiscal Quarter Minimum EBITDA Second Quarter 2001 $2,000,000 Third Quarter 2001 $20,000,000 Fourth Quarter 2001 $29,000,000
Minimum Quarterly EBITDA. Measured as of the end of each fiscal quarter during the following periods, quarterly EBITDA of not less than the following: March 31, 2009 $ (2,300,000 ) June 30, 2009 $ (2,400,000 ) September 30, 2009 $ (2,500,000 ) December 31, 2009 $ (1,750,000 ) March 31, 2010 $ (1,800,000 ) June 30, 2010 $ (1,100,000 ) September 30, 2010 and thereafter To be determined by Bank based on fiscal year 2011 plan approved by Borrower’s Board of Directors
Minimum Quarterly EBITDA. 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: $ 5,000,000 For the 3 month period ending December 31, 2004 $ 5,000,000 For the 3 month period ending each quarter thereafter
Minimum Quarterly EBITDA. Borrower shall not permit its cumulative EBITDA for the four (4) consecutive Fiscal Quarters on the last day of any Fiscal Quarters set forth below to be less than the respective amount shown opposite thereto:
Minimum Quarterly EBITDA. The Loan Parties shall not permit Consolidated EBITDA, calculated as of the end of each fiscal quarter for the fiscal quarter then ended, to be less than the amount set forth below: June 30, 2010 $ 6,000,000 September 30, 2010 $ 7,500,000 December 31, 2010 $ 10,000,000 ”
(g) Section 8.2(r) [Maximum Capital Expenditures] of the Credit Agreement is hereby amended and restated as follows: