ONE-TIME ADJUSTMENTS TO EBITDA Sample Clauses

ONE-TIME ADJUSTMENTS TO EBITDA. Subject to the provisions of this Section 3 and the satisfaction of the other conditions set forth in this Amendment, the Lenders hereby agree that, solely for the purpose of determining compliance with Annex G (Financial Covenants) to the Credit Agreement, the Parent and its Subsidiaries may (i) make a one-time add-back adjustment to EBITDA for the Fiscal Period ended March 19, 2005 for CEO separation charges in the aggregate amount of $533,000, (ii) make a one-time adjustment to increase EBITDA for the Fiscal Period ended July 9, 2005 in the aggregate amount of up to $1,163,000 to include gains recorded on the sale of the shares of Westaff A/S and Westaff AS, and (iii) make a one-time add back adjustment for the Fiscal Period ended August 6, 2005 for restructuring charges, to the extent incurred in such Fiscal Period, in the aggregate amount of up to $450,000. Such add-back adjustments and adjustments are in addition to the add-back adjustments to EBITDA for non-cash charges set forth in Section 2 of the Sixth Amendment. For the avoidance of doubt, the add-backs to EBITDA under all Amendments to the Credit Agreement are solely for the purpose of determining compliance with Annex G (Financial Covenants) and are not to be added back for the purpose of determining interest in accordance with Section 1.5(a) of the Credit Agreement.
Sample 1
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ONE-TIME ADJUSTMENTS TO EBITDA. Subject to satisfaction of the conditions set forth in this Amendment, the Lenders hereby agree that, solely for the purpose of determining compliance with Annex G (Financial Covenants) to the Credit Agreement, the Parent and its Subsidiaries may make a one-time add-back adjustment to EBITDA for the Fiscal Quarter ending April 15, 2006 for separation and transition charges related to the termination of the employment of Xxxx X. Xxxxxxxxxx and Xxxxxxx X. Xxxxx in the aggregate amount of $447,917. For the avoidance of doubt, the add-backs to EBITDA permitted under this Amendment are solely for the purpose of determining compliance with Annex G (Financial Covenants) and are not to be added back for the purpose of determining interest in accordance with Section 1.5(a) of the Credit Agreement.
Sample 1

Related to ONE-TIME ADJUSTMENTS TO EBITDA

  • Minimum Consolidated Adjusted EBITDA The Borrowers will maintain, as of the last day of each Fiscal Quarter commencing with the Fiscal Quarter ending December 31, 2009, Consolidated Adjusted EBITDA for the four Fiscal Quarters then ended of not less than $22,500,000.

  • Adjustments to Number of Shares The number of shares of Common Stock subject to this Option shall be adjusted to take into account any stock splits, stock dividends, recapitalization of the Common Stock as provided in the Stock Option Plan.

  • Adjustments to Exchange Ratio The Exchange Ratio shall be adjusted to reflect appropriately the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into Parent Common Stock or Company Common Stock), reorganization, recapitalization, reclassification or other like change with respect to Parent Common Stock or Company Common Stock occurring on or after the date hereof and prior to the Effective Time.

  • Funded Debt to EBITDA Section 10.2 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Minimum Adjusted EBITDA As of any date of determination from and after April 1, 2008, if Borrowers do not have Net Debt in an amount less than $4,000,000 at all times during the most recently completed fiscal quarter, then Borrowers shall not fail to achieve Adjusted EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto (and the failure to do so shall be deemed an Event of Default): Applicable Amount Applicable Period $(1,234,000) For the 3 month period ending March 31, 2008 $(1,246,000) For the 6 month period ending June 30, 2008 $(200,000) For the 9 month period ending September 30, 2008 $(839,000) For the 12 month period ending December 31, 2008 $(750,000) For the 12 month period ending March 31, 2009 17 Applicable Amount Applicable Period $(500,000) For the 12 month period ending June 30, 2009 $(150,000) For the 12 month period ending September 30, 2009 $150,000 For the 12 month period ending December 31, 2009 $350,000 For the 12 month period ending March 31, 2010 $550,000 For the 12 month period ending June 30, 2010 $750,000 For the 12 month period ending September 30, 2010 $950,000 For the 12 month period ending December 31, 2010 and for each 12 month period ending as of the last day of each fiscal quarter thereafter

  • Adjustments to Exchange Ratios The Stock Exchange Ratio and Cash Exchange Ratio shall be adjusted to reflect fully the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into Parent Common Stock or Company Common Stock), reorganization, recapitalization or other like change with respect to Parent Common Stock or Company Common Stock occurring after the date hereof and prior to the Effective Time.

  • Ratio of Total Debt to EBITDAX The Borrower will not, at any time, permit its ratio of Total Debt as of such time to EBITDAX for the four fiscal quarters ending on the last day of the fiscal quarter immediately preceding the date of determination for which financial statements are available to be greater than 3.5 to 1.0.

  • Total Debt to EBITDA Ratio The Total Debt to EBITDA Ratio will not exceed 4.0 to 1.0 at the end of any fiscal quarter.

  • Funded Debt to EBITDA Ratio A. Funded Debt

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