Minimum Consolidated Adjusted EBITDA. Permit Consolidated Adjusted EBITDA of the Company and its Subsidiaries for any period set forth in the table below to be less than the amount set forth opposite such period: Period Minimum Consolidated Adjusted EBITDA January 1, 2013 to March 31, 2013 $34,908,000 January 1, 2013 to April 30, 2013 $47,032,000 January 1, 2013 to May 31, 2013 $64,743,000 January 1, 2013 to June 30, 2013 $93,451,000 January 1, 2013 to July 31, 2013 $115,809,000 January 1, 2013 to August 31, 2013 $136,926,000 January 1, 2013 to September 30, 2013 $171,476,000 ;provided, however, that if (i) the sale of assets of the Company assigned the code name “Rockford” is consummated during any such period or (ii) the sale of assets of the Company assigned the code name “Xxxxxx” is consummated during any such period, the financial covenant levels set forth in the table above will be adjusted for each period ending after the date of consummation of such sale in accordance with the principles and examples set forth on Schedule 5.03(a).
Minimum Consolidated Adjusted EBITDA. Permit the Consolidated Adjusted EBITDA for each fiscal quarter of the Parent ending on the last day of each fiscal quarter set forth below to be less than the corresponding amount set forth below: Fiscal Quarter Ending Minimum Consolidated Adjusted EBITDA December 31, 2013 $ (3,000,000 ) March 31, 2014 $ (6,000,000 ) June 30, 2014 $ (2,750,000 ) September 30, 2014 $ (2,250,000 ) December 31, 2014 $ (2,750,000 ) March 31, 2015 $ (3,250,000 ) June 30, 2015 $ (1,000,000 ) September 30, 2015 $ (250,000 ) December 31, 2015 $ (150,000 ) March 31, 2016 and each fiscal quarter ending thereafter $ (750,000 )
Minimum Consolidated Adjusted EBITDA. The Borrower will maintain, as of the last day of each Fiscal Quarter, commencing with the Fiscal Quarter ending June 30, 2003, a minimum Consolidated Adjusted EBITDA of no less than (i) $0 for the Fiscal Quarter ending June 30, 2003, (ii) $1,000,000 for the Fiscal Quarter ending September 30, 2003 and (iii) $2,500,000 for each Fiscal Quarter thereafter.
Minimum Consolidated Adjusted EBITDA. Borrowers shall not permit Consolidated Adjusted EBITDA for any fiscal month set forth below to be less than (or more negative, in the case of negative numbers) the correlative amount indicated: 67 Minimum Consolidated Month Adjusted EBITDA ----- --------------- November 1996 ($1,200,000) December 1996 ($1,100,000) January 1997 $150,000 February 1997 $150,000 March 1997 $150,000 April 1997 $150,000
Minimum Consolidated Adjusted EBITDA. Holdings shall not permit Consolidated Adjusted EBITDA as at the end of any Fiscal Quarter, beginning with the Fiscal Quarter ending December 31, 2008, for the four Fiscal Quarter period then ended to be less than the correlative amount indicated: Four Fiscal Quarters Ending Consolidated Adjusted EBITDA December 31, 2008 $ 37,000,000 March 31, 2009 $ 39,000,000 June 30, 2009 $ 41,000,000 September 30, 2009 $ 50,000,000 December 31, 2009 $ 60,000,000 March 31, 2010 $ 75,000,000 June 30, 2010 $ 85,000,000 September 30, 2010 $ 90,000,000 December 31, 2010 $ 100,000,000 March 31, 2011 $ 105,000,000 June 30, 2011 $ 105,000,000 September 30, 2011 $ 110,000,000 December 31, 2011 $ 115,000,000 March 31, 2012 $ 125,000,000 June 30, 2012 $ 125,000,000 September 30, 2012 $ 125,000,000 December 31, 2012 $ 125,000,000 March 31, 2013 $ 125,000,000 June 30, 2013 $ 125,000,000 September 30, 2013 $ 125,000,000
Minimum Consolidated Adjusted EBITDA. Permit Consolidated Adjusted EBITDA, on a trailing twelve month basis as of the last day of any fiscal quarter specified below, to be no less than the correlative amount specified below: Quarter Ending Minimum Consolidated Adjusted EBITDA 9/30/17 ($4,500,000) 12/31/17 ($5,500,000) 3/31/18 ($5,000,000) 6/30/18 ($5,000,000) 9/30/18 $0 12/31/18 $2,000,000 3/31/19 and the last day of each fiscal quarter thereafter To be reset by amendment in accordance with the following paragraph Promptly after the receipt by the Administrative Agent of the Projections required to be delivered within 60 days after the fiscal year ending December 31, 2018 pursuant to Section 6.2(c), the Lenders agree to review such Projections for the purpose of re-setting the Minimum Consolidated Adjusted EBITDA covenant for the periods tested in fiscal year 2019 set forth in this Section 7.1(a); provided that (i) any such updated covenant levels must be agreed to in writing (which agreement in writing may be evidenced via e-mail) by the Required Lenders after consultation with the Borrower, based on their commercially reasonable business judgment exercised in good faith, and until any such determination, the covenant levels shall remain unchanged, (ii) upon determination of any updated covenant levels by the Required Lenders and notice thereof by the Administrative Agent to the Borrower, and notwithstanding any provision herein to the contrary, including, without limitation, Section 10.1, this Agreement shall automatically be amended to give effect to such updated covenant levels, (iii) without limiting clause (ii), the Borrower hereby agrees to enter into at the request of the Administrative Agent and at the sole cost of the Borrower, any amendments to this Agreement and the other Loan Documents or furnish any acknowledgements of such updated covenant levels, in each case, that the Administrative Agent reasonably requests to evidence any amendment to this Agreement required pursuant to this paragraph, and (iv) notwithstanding any provision to the contrary herein, in the event that the Borrower objects to any updated covenant levels determined by the Required Lenders pursuant to clause (i) of this paragraph or otherwise fails to comply with provisions of clause (iii) of this paragraph, at the option of the Required Lenders, the Total Revolving Commitments shall terminate and the Obligations shall immediately become due.
Minimum Consolidated Adjusted EBITDA. Subsection 7.6C of the Credit Agreement is hereby amended by deleting the table contained therein in its entirety and substituting the following therefor: MINIMUM CONSOLIDATED "PERIOD ADJUSTED EBITDA -------------------------- ------------------------- 3rd Fiscal Quarter, 1995 $30,500,000 4th Fiscal Quarter, 1995 $31,000,000 1st Fiscal Quarter, 1996 $31,000,000 2nd Fiscal Quarter, 1996 $31,000,000 3rd Fiscal Quarter, 1996 $29,000,000 4th Fiscal Quarter, 1996 $27,750,000 1st Fiscal Quarter, 1997 $26,000,000 2nd Fiscal Quarter, 1997 $29,000,000 3rd Fiscal Quarter, 1997 $29,750,000 4th Fiscal Quarter, 1997 $32,250,000 1st Fiscal Quarter, 1998 $32,500,000 2nd Fiscal Quarter, 1998 $35,000,000 3rd Fiscal Quarter, 1998 $35,000,000 4th Fiscal Quarter, 1998 $36,000,000 1st Fiscal Quarter, 1999 $37,250,000 2nd Fiscal Quarter, 1999 $38,500,000 3rd Fiscal Quarter, 1999 $38,500,000 4th Fiscal Quarter, 1999 $38,500,000 1st Fiscal Quarter, 2000 $39,000,000 2nd Fiscal Quarter, 2000 $39,000,000 3rd Fiscal Quarter, 2000 $39,000,000 4th Fiscal Quarter, 2000 and each Fiscal Quarter thereafter $39,000,000"
Minimum Consolidated Adjusted EBITDA. Consolidated Adjusted EBITDA of an amount greater than that set forth in the table below when measured for the fiscal quarter ending on the date set forth opposite thereto: Fiscal Quarter Ending Consolidated Adjusted EBITDA Amount March 27, 2010 ($10,000,000 ) June 26, 2010 ($3,500,000 ) September 25, 2010 ($2,000,000 ) December 31, 2010 $10,000,000
Minimum Consolidated Adjusted EBITDA. Neither Borrower nor any Guarantor shall permit the minimum Consolidated Adjusted EBITDA, determined on a Six Month Measurement Period basis, at any time during any of the periods described in the table attached hereto as Schedule 9.18 to be less than the amount set forth opposite such period on such Schedule 9.18;
Minimum Consolidated Adjusted EBITDA. The Company shall not permit Consolidated Adjusted EBITDA for any fiscal year set forth below to be less than the amount set forth below for such fiscal year: Fiscal Year Amount 2010 $57,500,000 2011 $52,250,000 2012 and each fiscal year therafter $57,000,000
