Minimum Unadjusted EBITDA Sample Clauses

Minimum Unadjusted EBITDA. Permit Unadjusted EBITDA of the Parent and its Subsidiaries for any period of consecutive Fiscal Quarters of the Parent and its Subsidiaries for which the last Fiscal Quarter ends on a date set forth below to be less than the amount set forth opposite such date: Fiscal Quarter End Unadjusted EBITDA 4 Fiscal Quarters ending December 31, 2022 $11,840,000 4 Fiscal Quarter ending March 31, 2023 $17,040,000 4 Fiscal Quarters ending June 30, 2023 $22,118,000 4 Fiscal Quarters ending September 30, 2023 $28,857,000 4 Fiscal Quarters ending December 31, 2023 $36,085,000 The parties hereby acknowledge that after the Amendment No. 11 Effective Date through the Termination Date, the financial covenant set forth in this Section 7.03(b) shall not be measured, other than in connection with the provisions of Section 7.02 hereof. For the avoidance of doubt, after the Amendment No. 11 Effective Date, the Loan Parties shall continue to deliver the Compliance Certificate pursuant to Section 7.01(a)(iv) simultaneously with the delivery of the financial statements of the Parent and its Subsidiaries required by Section 7.01(a).
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Minimum Unadjusted EBITDA. Permit Unadjusted EBITDA of the Parent and its Subsidiaries for any period of consecutive Fiscal Quarters of the Parent and its Subsidiaries for which the last Fiscal Quarter ends on a date set forth below to be less than the amount set forth opposite such date: Fiscal Quarter End Unadjusted EBITDA 4 Fiscal Quarters ending December 31, 2022 [***] 4 Fiscal Quarter ending March 31, 2023 [***] 4 Fiscal Quarters ending June 30, 2023 [***] 4 Fiscal Quarters ending September 30, 2023 [***] 4 Fiscal Quarters ending December 31, 2023 [***]
Sample 1
Minimum Unadjusted EBITDA. The Borrower shall have, Unadjusted EBITDA for the period commencing on February 24, 2020 ending on the dates set forth below of not less than the amount set forth below opposite such period: Period Ending EBITDA March 22, 2020 $2,745,000 April 19, 2020 $6,186,000 May 31, 2020 $20,000,000 (h) A new Section 6.12(d) is hereby added to the Credit Agreement to read as follows: “(d)
Sample 1
Minimum Unadjusted EBITDA. Permit Unadjusted EBITDA of the Parent and its Subsidiaries for any period of consecutive Fiscal Quarters of the Parent and its Subsidiaries for which the last Fiscal Quarter ends on a date set forth below to be less than the amount set forth opposite such date: Fiscal Quarter End Unadjusted EBITDA 4 Fiscal Quarters ending December 31, 2022 $11,840,000 4 Fiscal Quarter ending March 31, 2023 $17,040,000 ​ ​ ​ Fiscal Quarter End Unadjusted EBITDA 4 Fiscal Quarters ending June 30, 2023 $22,118,000 4 Fiscal Quarters ending September 30, 2023 $28,857,000​ 4 Fiscal Quarters ending December 31, 2023 $36,085,000 ​
Sample 1
Minimum Unadjusted EBITDA. Effective as of December 25, 2010, the Credit Agreement is hereby amended by adding the following Section 6.12(f):
Sample 1
Minimum Unadjusted EBITDA. Maintain on a consolidated basis Unadjusted EBITDA of at least the amount indicated for each period specified below: Period Minimum Amount For the six (6) months ending $3,000,000 December 25, 2010 For the nine (9) months ending $7,000,000 March 26, 2011 For the twelve (12) months ending $12,000,000 June 25, 2011 For the twelve (12) months ending $16,500,000 September 24, 2011 For the twelve (12) months ending $22,500,000 December 31, 2011 and for each twelve (12) month quarterly measurement period thereafter The Unadjusted EBITDA of Borrowers will be calculated at the end of each period specified above.”
Sample 1
Minimum Unadjusted EBITDA. Permit Unadjusted EBITDA of the Parent and its Subsidiaries for any period of consecutive Fiscal Quarters of the Parent and its Subsidiaries for which the last Fiscal Quarter ends on a date set forth below to be less than the amount set forth opposite such date: Fiscal Quarter End Unadjusted EBITDA 4 Fiscal Quarters ending December 31, 2022 $11,840,000 4 Fiscal Quarter ending March 31, 2023 $17,040,000 4 Fiscal Quarters ending June 30, 2023 $22,118,000 4 Fiscal Quarters ending September 30, 2023 $28,857,000 4 Fiscal Quarters ending December 31, 2023 $36,085,000 3. Leverage Ratio. Permit the Leverage Ratio of the Parent and its Subsidiaries as of the last day of any period of 4 consecutive Fiscal Quarters of the Parent and its Subsidiaries for which the last Fiscal Quarter ends on a date set forth below to be greater than the applicable ratio set forth opposite such date: Fiscal Quarter End Leverage Ratio March 31, 2024 and each Fiscal Quarter ending thereafter 3.25 to 1.00
Sample 1
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Minimum Unadjusted EBITDA. The Borrower will not permit its Unadjusted EBITDA for the period commencing on January 1, 2019 and ending on the last day of any calendar month commencing, and including, February 28, 2019 and ending, and including, August 31, 2019, to be less than 80% of the amount set forth for such year-to-date period in the First Amendment Date Budget.
Sample 1

Related to Minimum Unadjusted EBITDA

  • 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

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

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Minimum EBITDA Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:

  • EBITDA With respect to REIT and its Subsidiaries for any period (without duplication): (a) Net Income (or Loss) on a Consolidated basis, in accordance with GAAP, exclusive of the following (but only to the extent included in determination of such Net Income (Loss)): (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense; plus (b) such Person’s pro rata share of EBITDA of its Unconsolidated Affiliates as provided below. With respect to Unconsolidated Affiliates and Subsidiaries of Borrower that are not Wholly Owned Subsidiaries, EBITDA attributable to such entities shall be excluded but EBITDA shall include a Person’s Equity Percentage of Net Income (or Loss) from such Unconsolidated Affiliates or such Subsidiary of Borrower that is not a Wholly Owned Subsidiary plus its Equity Percentage of (i) depreciation and amortization expense; (ii) Interest Expense; (iii) income tax expense; (iv) Acquisition Closing Costs and extraordinary or non-recurring gains and losses (including, without limitation, gains and losses on the sale of assets) and income and expense allocated to minority owners; and (v) other non-cash items to the extent not actually paid as a cash expense.

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

  • Minimum Revenue Borrower and its Subsidiaries shall have annual Revenue from sales of the Product (for each respective calendar year, the “Minimum Required Revenue”):

  • 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.

  • Maximum Leverage Ratio As of the last day of each fiscal quarter, the Borrower shall not permit the ratio (the "Leverage Ratio") of (i) Consolidated Funded Indebtedness to (ii) EBITDA of the Borrower and its Subsidiaries, as at the end of and for the period of four consecutive fiscal quarters ending on such day, to be greater than (i) 2.00 to 1.00.

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