Monthly EBITDA Sample Clauses
The "Monthly EBITDA" clause defines how Earnings Before Interest, Taxes, Depreciation, and Amortization are calculated and reported on a monthly basis for the relevant entity. This clause typically outlines the specific accounting methods to be used, the timing of monthly calculations, and any adjustments or exclusions that should be considered in the EBITDA figure. By standardizing the calculation and reporting of monthly EBITDA, the clause ensures consistent financial tracking and transparency, which is essential for performance monitoring, covenant compliance, or determining eligibility for certain contractual rights or obligations.
Monthly EBITDA. Until the earlier to occur of (i) the EBITDA Compliance Date, or (ii) the Subordinated Debt Issuance Date, as evidenced by a Compliance Certificate delivered to the Agent, the Company shall not at any time permit the Consolidated Adjusted EBITDA for any month to be less than the amount set forth below for such month: Month Ending Minimum Monthly EBITDA plus or minus, in each case (as applicable), the Adjusted Amount.
Monthly EBITDA. Maintain for each calendar month set forth below a minimum Consolidated EBITDA of no less than the amount specified below for such calendar month; PROVIDED, HOWEVER, that the failure of Borrower to maintain such minimum Consolidated EBITDA for any such calendar month shall not constitute an Event of Default hereunder if, on a cumulative basis for such calendar month and (except for July 1999) the preceding calendar month(s) during the period commencing July 1999, Borrower has maintained a minimum cumulative Consolidated EBITDA of no less than the amount specified below for such calendar month: MINIMUM MONTHLY MINIMUM CUMULATIVE CALENDAR MONTH CONSOLIDATED EBITDA CONSOLIDATED EBITDA -------------- ------------------- ------------------- July 1999 $ 980,000 $ 980,000 August 1999 1,234,000 2,214,000 September 1999 910,000 3,124,000 October 1999 1,723,000 4,847,000 November 1999 1,328,000 6,175,000 December 1999 1,565,000 7,740,000 January 2000 1,356,000 9,096,000 February 2000 1,372,000 10,468,000 March 2000 1,964,000 12,432,000 April 2000 1,360,000 13,792,000 May 2000 1,728,000 15,520,000 June 2000 1,425,000 16,945,000 July 2000 1,588,000 18,533,000 August 2000 1,867,000 20,400,000 September 2000 1,722,000 22,122,000 October 2000 1,723,000 23,845,000 November 2000 1,328,000 25,173,000 December 2000 1,565,000 26,738,000
Monthly EBITDA. EBITDA $___________
A. Pursuant to Section 5.8 of the Credit Agreement, as of the Reporting Date, the Borrower’s Monthly EBITDA o satisfies o does not satisfy the requirement set forth in the table below:
Monthly EBITDA. The Borrower will achieve at a minimum the EBITDA as of each Covenant Computation Date set forth below: December 31, 2001 (1,500,000 ) January 31, 2002 150,000 February 28, 2002 (450,000 ) March 31, 2002 200,000 April 30, 2002 430,000 May 31, 2002 580,000”