Positive EBITDA definition
Examples of Positive EBITDA in a sentence
For purposes of this Lease, Positive EBITDA shall mean for each fiscal quarter assuming a fiscal year end of July 31.
The rent due hereunder shall be paid as follows: An amount equal to Positive EBITDA from operation of the Premises, less 15%.
Borrower shall maintain the following financial ratios and covenants, each to be tested as of the last day of each calendar quarter: Minimum Adjusted Consolidated Current Ratio 0.80 to 1.00 Maximum Consolidated Debt to Net Worth Ratio Deleted Minimum Consolidated Net Worth Deleted Positive EBITDA No less than $500,000 quarterly starting from the second quarter ending 6/30/2012.
The EBITDA Notice will include a copy of the Positive EBITDA Financial Statements, a statement of Clearwire' Gross Operating Margin and Clearwire' calculation of the Positive EBITDA for the Applicable Quarters.
Positive EBITDA No less than $1.00 quarterly starting from the first quarter ending 3/31/2013.
At any time during the Transition Services Term, Buyer may deliver a written notice to Seller that, from and after the date of such written notice, Buyer desires to have the benefit of 100% of the Positive EBITDA Amount for purposes of Section 3.1 arising after the date of such written notice until the end of the Transition Services Term (a “Buyer EBITDA Notice”).
Positive EBITDA shall be required for achievement of incentive compensation.
Borrower shall maintain the following financial ratios and covenants, each to be tested as of the last day of each calendar quarter; Positive EBITDA No less than $500,000.00 through the second quarter ending 6/30/2012; then, provided there is a $2,000,000.00 capital injection into Borrower, no less than $1.00 quarterly starting from the third quarter ending 9/30/2012.
ACTUAL COMPLIES ------------------ -------- ------ -------- Maintain: Minimum Adjusted Quick Ratio (quarterly) 1.5:1.0 _______:1.0 Yes No Negative EBITDA (quarterly) Not greater than $200,000 $__________ Yes No for QE 12/31/01 Positive EBITDA (quarterly) Not less than $1.00 $__________ Yes No for QE 3/31/02 and thereafter COMMENTS REGARDING EXCEPTIONS: See Attached, if any.
The amount of the claim resulting from NGOP's termination of the Positive EBITDA Leases, determined without regard to any claim that NGOP might have resulting from termination of any Course Leases set forth on Schedule 7 the operation of which result in negative EBITDA to the Company, as to which all parties reserve all rights, shall be calculated for each such Course as follows: the product of (x) the Sale Multiple and (y) the EBITDA associated with each such terminated Positive EBITDA Lease.