Common use of EBITDA Covenant Clause in Contracts

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. 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 1,900,000" thereafter

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) $2,750,000 months ended on the last day of each calendar quarter $1,900,000 " thereafter