Adjusted EBITDA. Borrower's maximum Adjusted EBITDA loss for the trailing three month periods ending on the dates set forth below shall not exceed the amount set forth below: September 30, 2017 $ (120,000 ) October 31, 2017 $ (120,000 ) November 30, 2017 $ (50,000 ) December 31, 2017 $ (50,000 ) January 31, 2018 $ (70,000 ) February 28, 2018 $ (126,000 ) March 31, 2018 $ (126,000 ) April 31, 2018 $ (86,000 )
Appears in 2 contracts
Sources: Loan and Security Agreement (ConversionPoint Holdings, Inc.), Loan and Security Agreement (ConversionPoint Holdings, Inc.)
Adjusted EBITDA. Borrower's maximum Adjusted EBITDA loss for the trailing three month periods period ending on the dates set forth below March 31, 2017 and April 30, 2017 shall not exceed $130,000 and $30,000 respectively. Borrower's minimum trailing three month Adjusted EBITDA (measured as of the amount set forth below: September 30, 2017 $ (120,000 ) October last day of each month beginning with period ending May 31, 2017 $ (120,000 2017) November 30, 2017 $ (50,000 ) December 31, 2017 $ (50,000 ) January 31, 2018 $ (70,000 ) February 28, 2018 $ (126,000 ) March 31, 2018 $ (126,000 ) April 31, 2018 $ (86,000 )shall be at least $1.
5. The following definition is added to Section 14 of the Agreement:
Appears in 2 contracts
Sources: Loan and Security Agreement (ConversionPoint Holdings, Inc.), Loan and Security Agreement (ConversionPoint Holdings, Inc.)