EBITDA Test definition

EBITDA Test means that the Company and its Subsidiaries, on a consolidated basis, generates EBITDA of at least $200,000.00 per month for any three consecutive calendar months prior to March 1, 2006. Terms not defined in this Agreement with regards to this Section 3 are defined in the Loan Agreement, attached hereto as Exhibit B.

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EBITDA Test means that the Landlord is satisfied on each Test Date that the Tenant has an Ebitda during the 12 month period expiring on the Test Date of at least two times the aggregate of the Rents reserved and payable under this Lease together with all rents payable on all other premises held by the Tenant in respect of the 12 month period which commences on the Test Date;

EBITDA Test is amended and restated in its entirety as follows:

Examples of EBITDA Test in a sentence

Thereafter, not later than the twentieth (20th) day of each month after the month in which this Agreement is executed, the Company shall furnish Parent with the calculation of the Hospital-Level EBITDA for the applicable Hospital-Level EBITDA Test Period.
If the consolidated EBITDA of the Subsidiaries for the full fiscal year ended June 25, 2005 (the “2005 EBITDA”) is determined pursuant to this Section 2.11 to be at least $14,280,000, Seller shall be entitled to payment from escrow under the EBITDA Test Escrow Agreement of $7,000,000 of the EBITDA Test Escrow Amount plus all accrued interest or other income earned on such portion of the EBITDA Test Escrow Amount.
If Seller fails to deliver an EBITDA Test Stock Notice within such 10 business day period or if Seller notifies the Company within such 10 business day period that it will not deliver an EBITDA Test Stock Notice, then the Company shall make the Contingent Payment in cash to Seller pursuant to subparagraph (i) above.
Holder desires to waive the increase in the Dividend Rate with respect to the Dividend Period ending on December 30, 2004 as a result of the EBITDA Test Failure for the September 30, 2004 Dividend Payment Date.
For each fiscal quarter the Notes are outstanding, the Issuer shall not permit the EBITDA to be less than the EBITDA Floor, and a Responsible Officer shall certify to the Holders, within 45 days of the end of each quarter, that the Minimum EBITDA Test has been met.
The Company agrees that if Executive receives any form of non-cash compensation under (b) above and the EBITDA Test mutually agreed upon by the parties is not satisfied, the Company shall make a loan to Executive in an amount sufficient to pay Executives federal income tax, state income tax and employment tax, using Executives highest marginal tax rates with an interest rate equal to the applicable federal rate for determining imputed income.
The Borrower will maintain a Consolidated EBITDA of at least the amount set forth below for the Test Period ending on each date listed below: Minimum EBITDA Test Period ($ Thousands) ----------- ------------- March 31, 1998 .
Based on the EBITDA Certificate, Holder hereby waives, for all purposes under the Articles, any increase in the Dividend Rate with respect to the Dividend Period ending on December 30, 2004 as a result of the EBITDA Test Failure for the September 30, 2004 Dividend Payment Date.
Buyer shall calculate the Extended Nektar EBITDA as soon as practicable (and in any event within fifteen (15) days) following the end of each monthly period ending on or before the Extended Nektar EBITDA Test Termination Date.
The Borrower will maintain a Consolidated EBITDA of at least the amount set forth below for the Test Period ending on each date listed below: Minimum EBITDA Test Period ($ Millions) ----------- ------------ September 30, 1997 ......................

More Definitions of EBITDA Test

EBITDA Test means that (i) the Equity Conditions have been satisfied as of the applicable date of determination and (ii) the Company has either (A) for the Calendar Quarter ended March 31, 2006, for the two (2) consecutive Calendar Quarters ended June 30, 2006 and for the three (3) consecutive Calendar Quarters ended September 30, 2006, reported a Consolidated EBITDA in excess of $10,000,000 or (B) for Calendar Quarters ended from and after December 31, 2006, reported LTM Consolidated EBITDA in excess of $10,000,000.

EBITDA Test means the standard under which EBITDA Payments will be made under Section 4.3(c) hereof.

EBITDA Test means, for any annual or quarterly period of calculation ending on a specified date, the ratio (i) of the Consolidated Debt of the Borrower Group outstanding on such date (other than Subordinated Loans) less cash and Permitted Investments in excess of $5,000,000 held by the Borrower Group on such date to (ii)(x) the EBITDA for the two consecutive fiscal quarters last ended on or prior to such date for which financial statements have been delivered in accordance with Section 5.01(a) multiplied by (y)

EBITDA Test means that, for any single period of four consecutive fiscal quarters ending on or after the EBITDA Test Trigger Date, EBITDA shall, subject to Section 9.16(c) hereof, equal or exceed $35,000,000."

EBITDA Test has the meaning set forth in the definition of “Required Availability Amount”.

EBITDA Test for an Investment (other than the initial Investment hereunder) is satisfied, if at the time of determination thereof, the amount of EBITDA plus advertising expense for the most recently completed 12 month-period is at least equal to the amount set forth opposite such Investment in Exhibit A.