Common use of Minimum Adjusted EBITDA Clause in Contracts

Minimum Adjusted EBITDA. The Company shall not permit Adjusted EBITDA as of the end of any fiscal period set forth below to be less than the respective amount set forth below: Fiscal Period(s) ending on or about Amount ----------------------------------- ------ three months ended 3/31/02 $ 20,000,000 four months ended 4/30/02 $ 25,000,000 five months ended 5/31/02 $ 35,000,000 six months ended 6/30/02 $ 50,000,000 seven months ended 7/31/02 $ 60,000,000 eight months ended 8/31/02 $ 65,000,000 nine months ended 9/30/02 $ 80,000,000 ten months ended 10/31/02 $ 90,000,000 eleven months ended 11/30/02 $ 95,000,000 twelve months ended 12/31/02 $100,000,000 twelve months ended 1/31/03 $100,000,000 twelve months ended 2/28/03 $100,000,000 twelve months ended 3/31/03 $100,000,000 twelve months ended 4/30/03 $ 95,000,000 twelve months ended 5/31/03 $ 95,000,000 twelve months ended 6/30/03 $ 95,000,000 twelve months ended 7/31/03 $ 90,000,000 twelve months ended 8/31/03 $ 90,000,000 twelve months ended 9/30/03 $ 80,000,000 twelve months ended 10/31/03 $ 80,000,000 twelve months ended 11/30/03 $ 80,000,000 twelve months ended 12/31/03 $ 80,000,000 twelve months ended 1/31/04 $ 75,000,000 twelve months ended 2/29/04 $ 75,000,000 twelve months ended 3/31/04 $ 70,000,000 twelve months ended 4/30/04 $ 70,000,000 twelve months ended 5/31/04 $ 65,000,000 twelve months ended 6/30/04 $ 60,000,000 and the twelve month period $ 60,000,000 ended on the last day of each month thereafter 1.18 Amendment to Paragraph 6K. Paragraph 6K is amended and restated to read as follows:

Appears in 1 contract

Sources: Note Purchase Agreement (Truserv Corp)

Minimum Adjusted EBITDA. The Company shall not permit the sum of Adjusted EBITDA as of the end of any fiscal period set forth below to be less than the respective amount set forth below: Fiscal Period(s) ending on or about Amount ----------------------------------- ------ three months ended 3/31/02 $ 20,000,000 four months ended 4/30/02 $ 25,000,000 five months ended 5/31/02 $ 35,000,000 six months ended 6/30/02 $ 50,000,000 seven months ended 7/31/02 $ 60,000,000 eight months ended 8/31/02 $ 65,000,000 nine months ended 9/30/02 $ 80,000,000 ten months ended 10/31/02 $ 90,000,000 eleven months ended 11/30/02 $ 95,000,000 twelve months ended 12/31/02 $100,000,000 twelve months ended 1/31/03 $100,000,000 twelve months ended 2/28/03 $100,000,000 twelve months ended 3/31/03 $100,000,000 twelve months ended 4/30/03 $ 95,000,000 twelve months ended 5/31/03 $ 95,000,000 twelve months ended 6/30/03 $ 95,000,000 twelve months ended 7/31/03 $ 90,000,000 twelve months ended 8/31/03 $ 90,000,000 twelve months ended 9/30/03 $ 80,000,000 twelve months ended 10/31/03 $ 80,000,000 twelve months ended 11/30/03 $ 80,000,000 twelve months ended 12/31/03 $ 80,000,000 twelve months ended 1/31/04 $ 75,000,000 twelve months ended 2/29/04 $ 75,000,000 twelve months ended 3/31/04 $ 70,000,000 twelve months ended 4/30/04 $ 70,000,000 twelve months ended 5/31/04 $ 65,000,000 twelve months ended 6/30/04 $ 60,000,000 and the twelve month period $ 60,000,000 ended on the last day of each month thereafterthereafter $ 60,000,000 1.18 Amendment to Paragraph 6K. Paragraph 6K 6 Negative Covenants of the Note Agreements is amended and restated to read as followsadd the following new clauses:

Appears in 1 contract

Sources: Note Agreement and Private Shelf Agreement (Truserv Corp)

Minimum Adjusted EBITDA. The Company shall not permit the sum of Adjusted EBITDA as of the end of any fiscal period set forth below to be less than the respective amount set forth below: Fiscal Period(s) ending on or about Amount ----------------------------------- ------ three months ended 3/31/02 $ 20,000,000 four months ended 4/30/02 $ 25,000,000 five months ended 5/31/02 $ 35,000,000 six months ended 6/30/02 $ 50,000,000 seven months ended 7/31/02 $ 60,000,000 eight months ended 8/31/02 $ 65,000,000 nine months ended 9/30/02 $ 80,000,000 ten months ended 10/31/02 $ 90,000,000 eleven months ended 11/30/02 $ 95,000,000 ------------ twelve months ended 12/31/02 $100,000,000 twelve months ended 1/31/03 $100,000,000 $ 95,000,000 twelve months ended 2/28/03 $100,000,000 $ 95,000,000 twelve months ended 3/31/03 $100,000,000 $ 90,000,000 twelve months ended 4/30/03 $ 95,000,000 90,000,000 twelve months ended 5/31/03 $ 95,000,000 85,000,000 twelve months ended 6/30/03 $ 95,000,000 80,000,000 twelve months ended 7/31/03 $ 90,000,000 75,000,000 twelve months ended 8/31/03 $ 90,000,000 70,000,000 twelve months ended 9/30/03 $ 80,000,000 70,000,000 twelve months ended 10/31/03 $ 80,000,000 70,000,000 twelve months ended 11/30/03 $ 80,000,000 70,000,000 twelve months ended 12/31/03 $ 80,000,000 70,000,000 twelve months ended 1/31/04 $ 75,000,000 70,000,000 twelve months ended 2/29/04 $ 75,000,000 70,000,000 twelve months ended 3/31/04 $ 70,000,000 twelve months ended 4/30/04 $ 70,000,000 twelve months ended 5/31/04 $ 65,000,000 70,000,000 twelve months ended 6/30/04 $ 60,000,000 70,000,000 and the twelve month period $ 60,000,000 ended on the last day of each month thereafterthereafter $ 70,000,000 1.18 Amendment to 1.8 Paragraph 6K. Paragraph 6K 6L Minimum Gross Sales of the Original NPAs is amended and restated in its entirety to read as follows:

Appears in 1 contract

Sources: Note Purchase Agreement (Truserv Corp)

Minimum Adjusted EBITDA. The Company shall not permit the sum of Adjusted EBITDA as of the end of any fiscal period set forth below to be less than the respective amount set forth below: Fiscal Period(s) ending on or about Amount ----------------------------------- ------ three months ended 3/31/02 $ 20,000,000 four months ended 4/30/02 $ 25,000,000 five months ended 5/31/02 $ 35,000,000 six months ended 6/30/02 $ 50,000,000 seven months ended 7/31/02 $ 60,000,000 eight months ended 8/31/02 $ 65,000,000 nine months ended 9/30/02 $ 80,000,000 ten months ended 10/31/02 $ 90,000,000 eleven months ended 11/30/02 $ 95,000,000 twelve months ended 12/31/02 $100,000,000 twelve months ended 1/31/03 $100,000,000 $ 95,000,000 twelve months ended 2/28/03 $100,000,000 $ 95,000,000 twelve months ended 3/31/03 $100,000,000 $ 90,000,000 twelve months ended 4/30/03 $ 95,000,000 90,000,000 twelve months ended 5/31/03 $ 95,000,000 85,000,000 twelve months ended 6/30/03 $ 95,000,000 80,000,000 twelve months ended 7/31/03 $ 90,000,000 75,000,000 twelve months ended 8/31/03 $ 90,000,000 70,000,000 twelve months ended 9/30/03 $ 80,000,000 70,000,000 twelve months ended 10/31/03 $ 80,000,000 70,000,000 twelve months ended 11/30/03 $ 80,000,000 70,000,000 twelve months ended 12/31/03 $ 80,000,000 70,000,000 twelve months ended 1/31/04 $ 75,000,000 70,000,000 twelve months ended 2/29/04 $ 75,000,000 70,000,000 twelve months ended 3/31/04 $ 70,000,000 twelve months ended 4/30/04 $ 70,000,000 twelve months ended 5/31/04 $ 65,000,000 70,000,000 twelve months ended 6/30/04 $ 60,000,000 and the 70,000,000 each twelve month period $ 60,000,000 ended on the last day of each month thereafterthereafter $ 70,000,000 1.18 Amendment to 1.6 Paragraph 6K. Paragraph 6K 6N Minimum Gross Sales of the Note Agreements is amended and restated in its entirety to read as follows:

Appears in 1 contract

Sources: Note Agreement and Private Shelf Agreement (Truserv Corp)