EBITDA Covenant Sample Clauses
An EBITDA Covenant is a contractual provision that requires a company to maintain a minimum level of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) during the term of a loan or financing agreement. This clause typically applies to borrowers and is monitored through regular financial reporting, with lenders reviewing the company's financial statements to ensure compliance. By setting a financial performance threshold, the EBITDA Covenant helps lenders manage credit risk and provides an early warning mechanism if the borrower's financial health deteriorates.
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EBITDA Covenant. During the Waiver Period, Section 8.1 of the Credit Agreement is hereby amended as set on Exhibit A hereto so that the Borrower shall not permit Operating EBITDA as of the last day of each of the applicable fiscal periods to be less than the amount set forth on Exhibit A hereto.
EBITDA Covenant. Borrowers shall maintain EBITDA for each period set forth below of at least the amount set forth opposite such period: Period Amount ------ ------ Six (6) months ended June 30, 2004 ($100,000) Nine (9) months ended September 30, 2004 $550,000 Twelve (12) months ended December 31, 2004 $1,950,000 Twelve (12) months ended March 31, 2005 and the twelve (12) months ended on the last day of each calendar quarter $1,900,000 " thereafter
EBITDA Covenant. Clause (iii) of Section 6.8 of the Credit Agreement shall be and is amended as of the Second Amendment Effective Date to read in its entirety as follows:
EBITDA Covenant. Achieve EBITDA of at least $1.6 million for the 3 fiscal quarters ended December 31, 2002 and $2.5 million at the end of each fiscal quarter thereafter on a trailing 4 fiscal quarter basis.
EBITDA Covenant. Section 10.1.5 is hereby amended to read as follows:
EBITDA Covenant. On a consolidated basis, the Borrowers shall have Consolidated EBITDA for each of the third and fourth Fiscal Quarter period ending on the dates set forth below of not less than the amounts indicated: PERIOD CONSOLIDATED EBITDA July 1, 2003 through September 30, 2003 -3,000,000 October 1, 2003 through December 31, 2003 3,000,000
EBITDA Covenant. Section 8.20 of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
EBITDA Covenant. Section 6.9 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
EBITDA Covenant. The Credit Agreement is hereby --------------- amended to add an additional Negative Covenant as Section 8.02
EBITDA Covenant. Borrower’s EBITDA shall be not less than ($1,700,000), for the preceding six months, as of January 31, 2003; shall be not less than ($1,850,000), for the preceding nine months, as of April 30, 2003; and shall not be less than ($1,675,000), for the preceding twelve months, as of July 31, 2003. The EBITDA Covenant shall not be applicable, or tested, for any period of time in which Borrower has Excess Availability of $2,500,000 or more.