FOR THIRD QUARTER definition
FOR THIRD QUARTER. 2003: Assume that second quarter EBITDA is $200,000, resulting in a Cash Flow Payment of $154,182.00 ($200,000 multiplied by 77.091%). The Cash Flow Payment is less than the Payment Ceiling (still equal to the Note Payment), so monthly payments during the third quarter of 2003 are $51,394.00 (the Cash Flow Payment divided by 3). Meanwhile, "Unused EBITDA" is $30,207.74 (96.364% of (a) $250,000 plus $200,000, minus (b) $208,992 multiplied by 2, minus (c) $0.00. There will be no Used EBITDA.