Minimum Cash EBITDA definition
Minimum Cash EBITDA. Borrower shall maintain a minimum Cash EBITDA (as defined below) of not less than the following: For the quarter ending September 30, 2004: <$4,250,000>; For the quarter ending December 31, 2004: <$4,000,000>; For the quarter ending March 31, 2005: <$1,500,000>; For the quarter ending June 30, 2005: <$1,000,000>; For the quarter ending September 30, 2005: <$250,000>; For the quarter ending December 31, 2005: $250,000; For the quarter ending March 31, 2006: $500,000; For the quarter ending June 30, 2006: $1,000,000; For the quarter ending September 30, 2006: $1,250,000; For the quarter ending December 31, 2006: $1,500,000; and For the quarter ending March 31, 2007 and each quarter ending thereafter: $1,750,000.