Common use of Closing EBITDA Clause in Contracts

Closing EBITDA. Evidence satisfactory to the Note Purchaser that EBITDA of the Company and its consolidated Subsidiaries (excluding PW Poly) for the seven month period ending July 31, 2004 was at least $13,000,000.

Appears in 2 contracts

Sources: Junior Subordinated Note Purchase Agreement (Pw Eagle Inc), Senior Subordinated Note Purchase Agreement (Pw Eagle Inc)