Minimum EBITDA definition

Minimum EBITDA as defined in Section 7.5(l).

Minimum EBITDA. Capital Expenditures", "Fixed Charge Coverage Ratio" and "Foreign Leverage Ratio" as set forth in Sections 7.22, 7.23, 7.24 and 7.25, respectively, of the First Lien Credit Agreement, are hereby incorporated in their entirety into this Agreement.

Minimum EBITDA means, for each reporting period set forth in Section 5.2 hereof, that amount of EBITDA set forth opposite such period in Section 5.2.

Examples of Minimum EBITDA in a sentence

• Facility A is subject to debt covenants (capitalized terms are defined therein) including: 1) Minimum Tangible Net Worth of not less than $92,000, increased annually by 50% of Net Income, and 2) Minimum EBITDA of not less than $5,000; and requires the Company to maintain its primary domestic deposit accounts with the bank.

• Credit Parties will not permit the consolidated EBITDA of the Credit Parties for any Defined Period, as tested quarterly on the last day of the applicable Defined Period (other than any Defined Period ending during a Minimum EBITDA Covenant Waiver Period that has not been terminated on such date of determination as a result of the Credit Parties’ failure to maintain Liquidity in excess of the Liquidity Threshold), to be less than $500,000.

• The Borrower will not, as of the last day of any fiscal quarter, permit the Leverage Ratio for such fiscal quarter to exceed 2.50:1.00.11.2. Minimum EBITDA.

• Minimum EBITDA: EBITDA for each financial year must be at least £100.

• Alerts on objects, including motor vehicles, are entered in SIS II for the purposes of seizure or use as evidence in criminal proceedings, pursuant to Decision 2006/000/JHA.

More Definitions of Minimum EBITDA

Minimum EBITDA means EBITDA of $130,000,000 for the twelve month period since June 30, 2001.

Minimum EBITDA. Cause to be maintained, on a trailing twelve (12) month basis, tested quarterly, EBITDA of no less than: negative $2,154,000 for the three (3) month period ending December 31, 2013, $494,000 for the three (3) month period ending March 31, 2014, $2,035,000 for the six (6) month period ending June 30, 2014, $3,012,000 for the nine (9) month period ending September 30, 2014 and $1,879,000 for the twelve (12) month period ending December 31, 2014.

Minimum EBITDA. Borrower shall maintain EBITDA measured monthly on a rolling (trailing) three-month basis for the month ending the date set forth below and each of the immediately prior two months ending on the last day of each such month, of not less than the amounts set forth in the table below for the each of the monthly periods specified with the date ranges below: Partners for Growth Schedule to Loan and Security Agreement Month Ending Min EBITDA February 28, 2013 through fiscal month ending June 30, 2013 ($750,000 July 31, 2013 through fiscal month ending October 31, 2013 ($300,000) November 30, 2013 through fiscal month ending February 28, 2014 $1.00 March 31, 2014 through the fiscal month ending April 30, 2014 $100,000 May 31, 2014 through the Maturity Date To be agreed upon by Borrowers and Bank, based on Board approved plan, but no rolling 3 month period to be set lower than $100,000

Minimum EBITDA means, for each period set forth in the table set forth in Section 7.14.5, the amount set forth opposite such period under the heading Minimum EBITDA.

Minimum EBITDA means, the sum (without duplication) of the following for the Company and its Subsidiaries, on a consolidated basis, for the prior four (4) fiscal quarters: Net Income or loss determined in accordance with GAAP plus (to the extent deducted from, or not included in the calculation of, Net Income), (a) Interest Expense, (b) taxes on income, (c) depreciation expense, (d) amortization expense, (e) all other non-cash, and/or non-recurring charges and expenses, excluding accruals for cash expenses made in the ordinary course of business, but including, for the avoidance of doubt, any charge related to any reduction in value of Ashmont's assets, (f) loss from sales of assets other than sales in the ordinary course of business, and (g) to the extent not included in clause (f) above, any Deficiency Amount, less (i) gain from any sale of assets, other than sales of assets occurring in the ordinary course of business, and (ii) all non-cash and/or non-recurring income, all of the foregoing determined in accordance with GAAP.

Minimum EBITDA. Borrower shall achieve EBITDA of $15,000,000 or more for the twelve month period ending December 31, 2004 and each twelve month period ending each March 31, June 30, September 30 and December 31 thereafter; provided that if Borrower has properly made a Covenant Election with respect to the last fiscal quarter of the applicable twelve month period, then the Minimum EBITDA for such twelve month period shall be decreased to $10,000,000.

Minimum EBITDA shall have the meaning assigned to that term in Section 7.01(m).