EBITDA Milestone definition

EBITDA Milestone means: (a) for the period from the date hereof until December 31, 2006, eight hundred seventy-five thousand dollars ($875,000), and (b) for each of the calendar years ending December 31, 2007, 2008 and 2009, three million five hundred thousand dollars ($3,500,000).
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EBITDA Milestone amounts therefor set forth on Schedule C hereto (each, a “Xxxxx 0 XXXXXX Xxxxxxxxx”), then Purchaser shall issue and/or deliver to each Seller such Seller’s Earn-Out Portion of additional consideration (“Level 3 Contingent Consideration”) as set forth in the corresponding “Contingent Consideration” column of such Schedule C. For the avoidance of doubt, not more than $7,500,000 of value in the aggregate shall be payable as Xxxxx 0 Xxxxxxxxxx Xxxxxxxxxxxxx under this Agreement;
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EBITDA Milestone means SFRO (or, if SFRO’s operations are consolidated with 21st Century Oncology, LLC the SFRO Division) has achieved EBITDA for a period of four consecutive fiscal quarters equal to or exceeding $28,000,000.
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Examples of EBITDA Milestone in a sentence

  • As of the Grant Date, there were ___ Adjusted EBITDA Milestones remaining._________ Shares are eligible to vest based on the achievement of each additional Adjusted EBITDA Milestone, which is evaluated annually based on the Company’s annual audited financial statements.

  • By way of illustration and not limitation, if during the first Earn-Out Period (the Earn-Out Period between the Closing Date through December 31, 2014), the total EBITDA earned by the Company is $550,000, the excess $100,000 above the applicable EBITDA Milestone would be divided so that $50,000 would be paid to Sellers (with each Seller receiving his or her Pro Rata Share as additional Purchase Price), and the remaining $50,000 would be retained by the Buyer.

  • For eighteen (18) months after the Issue Date, in connection with the determination whether the EBITDA Milestone has occurred, the Issuer will provide the Holder with reasonable access, during regular business hours, to the books and records, and the personnel and outside accountants of the Issuer and its subsidiaries (including SFRO and its subsidiaries), for the limited purpose of determining whether the EBITDA Milestone has occurred.

  • The Company shall achieve at least $4,000,000 in Adjusted EBITDA, on a consolidated basis with each of the Subsidiaries for the fiscal year ending December 31, 2010, as disclosed in the Company’s Form 10-K for the fiscal year ending December 31, 2010 (the “2010 EBITDA Milestone”, the date of disclosure of such 2010 EBITDA Milestone, including any permitted extensions, the “2010 EBITDA Milestone Date” and such 10-K, the “2010 10-K”).

  • The Issuer and the Holder will attempt to resolve any dispute whether the EBITDA Milestone has occurred in good faith for a period of fifteen (15) Business Days after the Issuer has objected to written notice by the Required Noteholders of the Required Noteholders’ belief that the EBITDA Milestone has occurred.

  • The EBITDA Milestone for a Tranche is achieved if the Company’s EBITDA (as defined below) equals or exceeds the EBITDA threshold amount set forth in the Milestone Table for such Tranche for any fiscal year during the EBITDA Measurement Period.

  • If such written statement is not delivered by a Reviewing Party within twenty (20) days following the date of delivery of each Revenue/EBITDA Earnout Statement, then such Reviewing Party shall have waived its right to contest such Revenue/EBITDA Earnout Statement and the determination of the revenue and EBITDA for such year (and whether the Revenue Milestone and/or EBITDA Milestone, as applicable, has been satisfied for such year) as set forth therein.

  • This will entail a new orientation at the human resource plan- ning sections of universities and faculties.

  • If the EBITDA Milestone does not occur within 18 months of the Issue Date, no mandatory prepayment shall be required to be made with respect to the EBITDA Milestone Amount and there shall be no premium paid related thereto.

  • The Issuer and the Required Noteholders shall instruct the Independent Auditor to resolve such dispute (i) as soon as practicable, but in any event within thirty (30) days following the initial submission of the unresolved items and (ii) in accordance with the definitions of EBITDA and EBITDA Milestone (without any independent analysis into the appropriateness of such definitions).


More Definitions of EBITDA Milestone

EBITDA Milestone means, with respect to Borrower, positive EBITDA for both (a) three (3) consecutive fiscal quarters and (b) for the applicable trailing twelve (12) month period.
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EBITDA Milestone amounts therefor set forth on Schedule C hereto (each, a “Xxxxx 0 XXXXXX Xxxxxxxxx”), then Purchaser shall issue and/or deliver to each Seller such Seller’s Earn-Out Portion of additional consideration (“Level 1 Contingent Consideration”) as set forth in the corresponding “Contingent Consideration” column of such Schedule C. For the avoidance of doubt: (A) any Xxxxx 0 XXXXXX Xxxxxxxxx can be achieved either in one year, or in multiple years, as long as it is achieved by the Xxxxx 0 Xxxxxxxxxxxxx Date, and (B) not more than $2,500,000 of value in the aggregate shall be payable as Xxxxx 0 Xxxxxxxxxx Xxxxxxxxxxxxx under this Agreement;
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EBITDA Milestone has the meaning set forth in Section 2.04(b).
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EBITDA Milestone means the percentage for the corresponding periods set forth in the table below (the “Earn-Out Table”): Year Earn-Out Period EBITDA Milestone 1 Closing Date through December 31, 2014 $415,000 2 January 1, 2015 through December 31, 2015 $825,000 3 January 1, 2016 through December 31, 2016 $825,000
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Related to EBITDA Milestone

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • EBITDA Target means the Company's projected earnings before interest, taxes, one-time transition expenses, non-cash compensation expense charges, depreciation and amortization, as contained in the Company's budget for the Applicable Period and which is approved by the Board (without reference to any adjustments or revision, upwards or downwards, to such projected earnings which are subsequently approved by the Board as part of any subsequent revision to such budget), and (ii) the term "Financial Results" shall mean the Company's EBITDA calculated by reference to the Company's financial statements for the Applicable Period as filed with the Securities and Exchange Commission (the "SEC").

  • Milestone 2 means achievement of annual Net Sales of at least $35,000,000 during any Calendar Year ending on or before December 31, 2024.

  • Milestone 1 means achievement of annual Net Sales of at least $20,000,000 during the Calendar Year ending on December 31, 2021.

  • Milestone Date means the date set against the relevant Milestone in the Implementation Plan;

  • Project Milestone means the project milestone set forth in Schedule-J;

  • Development Milestone Event shall have the meaning set forth in Section 9.2(a).

  • Sales Milestone Payment has the meaning set forth in Section 8.3.1.

  • Milestone means an event or task described in the Implementation Plan which must be completed by the corresponding date set out in such plan;

  • Milestone Event has the meaning set forth in Section 8.4.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • Development Milestone Payment shall have the meaning set forth in Section 9.2(a).

  • Target EBITDA means, for each fiscal year, the EBITDA set forth in the operating budget of the Company, as approved by the Board, for the particular year.

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Milestone Dates means the dates for completion of specified Project activities as contained in the Project Schedule.

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Milestone Events has the meaning set forth in Section 3.3 (Milestone Payments).

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Milestones means control points in the project that help to chart progress. Milestones may correspond to the completion of a key deliverable, allowing the next phase of the work to begin. They may also be needed at intermediary points so that, if problems have arisen, corrective measures can be taken. A milestone may be a critical decision point in the project where, for example, the consortium must decide which of several technologies to adopt for further development.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).

  • Revenue Growth means the percentage change in revenue (as defined in Statement of Financial Accounting Concepts No. 6, published by the Financial Accounting Standards Board) from one period to another.

  • Cumulative EBITDA means, as of any date of determination, EBITDA of the Company from the Existing Notes Issue Date to the end of the Company’s most recently ended full fiscal quarter prior to such date, taken as a single accounting period.

  • Milestone Payment Date has the meaning set forth in Section 2.4(a).

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.