T3M EBITDA definition
T3M EBITDA is EBITDA, as measured on a trailing three-month basis.
T3M EBITDA means, as of any date of determination, EBITDA for the immediately preceding 3 month period.
Examples of T3M EBITDA in a sentence
During the term of this Agreement, for any Subject Month when GTTI’s T3M EBITDA is greater than $50,000 or GTTI’s Net Liquidity is greater than $500,000 during any Testing Month, the Streamline Advance Rate will apply and Bank will finance Borrower’s Streamline Eligible Accounts, as set forth herein.
During the term of this Agreement, for any Subject Month when GTTI’s T3M EBITDA is greater than $50,000 or GTTI’s Net Liquidity is greater than $500,000 during any Testing Month, the Collections Advance Rate will apply and Bank will finance Borrower’s cash collections as set forth herein.