EBITDA Loss definition

EBITDA Loss means for any fiscal quarter, determined for the Borrower in accordance with GAAP, the net loss for such quarter (as a negative number) adjusted as follows: (a) reduced by adding back to such amount, the amount of each of the following expenses actually deducted during such fiscal quarter in the determination of such net loss: interest expense, income taxes, depreciation, amortization and non-cash items of expense; and (b) increased by subtracting from such amount, interest income and the amount of non-cash income actually included during such fiscal quarter in the determination of such net loss."
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EBITDA Loss means a loss of earnings before interest, taxes, depreciation and amortization. At Bank’s discretion, the EBITDA Loss calculation will be adjusted following extraordinary expenses or income associated with one-time charges such as merger and acquisition expenses, restructuring charges, or sales of assets or discontinued business lines.
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Examples of EBITDA Loss in a sentence

  • Maintain at all times: Adjusted Quick Ratio (to be tested on the last day of each month) 1.20:1.0 ____:1.0 Yes No Maximum EBITDA Loss (to be reported on the last day of each quarter) $* $________ Yes No *As set forth in Section 6.7(c) of the Agreement.

  • Bank hereby waives Borrower’s existing default under the Loan Agreement by virtue of Borrower’s failure to comply with the Profitability/Maximum EBITDA Loss covenant set forth in Section 6.7(ii) of the Loan Agreement, as of July 31, 2005, August 31, 2005, September 30, 2005 and October 31, 2005.

  • In the event that the Post-Closing Seabreeze EBITDA is less than the Seabreeze EBITDA included in the WCN Baseline EBITDA Statement, Sellers shall pay Buyers a cash payment equal to the aggregate of the amount of such decrease in EBITDA multiplied by 4; provided, however, that the amount of such decrease in EBITDA, for purposes of this Section 2.3(f), shall not exceed the amount of the Prorated Gulf Coast EBITDA Loss.

  • Bank hereby waives Borrower’s existing default under the Loan Agreement by virtue of Borrower’s failure to comply with the Profitability/Maximum EBITDA Loss covenant for the month ended April 30, 2005 and the month ended May 31, 2005 (anticipated).

  • Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.5:1.0 :1.0 Yes No Maximum Cumulative EBITDA Loss ($25,000,000) from 1/1/11 through 9/30/11; and ($15,000,000) from and after 10/1/11.

  • Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio 1.5:1.0 :1.0 Yes No Maximum EBITDA Loss ($3,000,000) ($ ) Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

  • Minimum Cash at Bank (measured monthly) $ 400,000 $__________ Yes No Maximum Quarterly Adjusted EBITDA Loss: For quarter ended 3/31/12 $ (1,000,000 ) $__________ Yes No For quarter ending June 30, 2012 $ (250,000 ) $__________ Yes No For quarter ending September 30, 2012 $ (500,000 ) $__________ Yes No For quarter ending December 31, 2012 $ (100,000 ) $__________ Yes No Comments Regarding Exceptions: See Attached.

  • As of the last day of each month, Borrower’s EBITDA Loss for the three months immediately preceding the date of measurement shall not exceed (i) through the month ending March 31, 2006, ($5,000,000), (ii) thereafter through the month ending June 30, 2006, ($2,750,000), (iii) thereafter through the month ending September 30, 2006, ($1,250,000), and (iv) for each month thereafter, Zero ($0).

  • Section 6.7(c) is amended in its entirety and replaced with the following: Maximum EBITDA Loss.

  • As of the last day of each month, Borrower’s EBITDA Loss for the three months immediately preceding the date of measurement shall not exceed $3,500,000.