EBDAS definition
Examples of EBDAS in a sentence
Borrower shall maintain at all times, tested as of each Month End (provided that, if no Advances are outstanding during such month, such test shall occur at the end of such fiscal quarter), RML of at least four (4) months, provided, that, for any month in which Borrower’s Average EBDAS is at least Zero Dollars ($0), RML shall not be tested.
Quick Ratio (at all times, measured monthly) 0.80 to 1.00 ______ to 1.00 Yes No Performance to Plan (trailing 12 month, measured quarterly) Revenue At least 50% of projections _____________ Yes No EBDAS At least 50% of projections _____________ Yes No Deposits held at Western Alliance Bank: $ Deposits held outside of Western Alliance Bank: $ Comments Regarding Exceptions: See Attached.
Borrower hereby acknowledges that it is currently in default under the Business Financing Agreement due to Borrower’s failure to maintain the minimum EBDAS as required by Section 4.12(b) of the Business Financing Agreement for the measuring period ended December 31, 2016 (the “Existing Default”).
Borrower shall maintain at all times, tested as of each Month End, RML of at least four (4) months, provided, that, for any month in which Borrower’s Average EBDAS is at least Zero Dollars ($0), RML shall not be tested.