Common use of Minimum Cumulative EBITDA Clause in Contracts

Minimum Cumulative EBITDA. As of each date set forth below, permit the cumulative EBITDA for the period from and including February 1, 2016 to and including such date set forth below to be less than the amount set forth opposite such date: March 31, 2016 $ 3.7 million April 30, 2016 $ 12.0 million May 31, 2016 $ 27.0 million June 30, 2016 $ 30.3 million July 31, 2016 $ 43.5 million August 31, 2016 $ 58.4 million September 30, 2016 $ 75.6 million October 31, 2016 $ 88.1 million November 30, 2016 $ 104.9 million December 31, 2016 $ 123.3 million

Appears in 2 contracts

Sources: Asset Based Revolving Credit Agreement (Verso Paper Holdings LLC), Superpriority Senior Debtor in Possession Term Loan Agreement (Verso Paper Holdings LLC)

Minimum Cumulative EBITDA. As The Company shall not, as of each date set forth below, permit the cumulative EBITDA for the period from and including February June 1, 2016 2013 to and including such date set forth below to be less than the amount set forth opposite such date: September 30, 2013 $ 6,300,000 October 31, 2013 $ 20,000,000 November 30, 2013 $ 33,000,000 December 31, 2013 $ 41,500,000 January 31, 2014 $ 58,000,000 February 28, 2014 $ 68,000,000 March 31, 2016 2014 $ 3.7 million 78,000,000 April 30, 2016 2014 $ 12.0 million 84,000,000 May 31, 2016 2014 $ 27.0 million June 30, 2016 $ 30.3 million July 31, 2016 $ 43.5 million August 31, 2016 $ 58.4 million September 30, 2016 $ 75.6 million October 31, 2016 $ 88.1 million November 30, 2016 $ 104.9 million December 31, 2016 $ 123.3 million90,250,000

Appears in 1 contract

Sources: Debtor in Possession Credit Agreement (Exide Technologies)