Minimum EBITDA Clause Samples
The Minimum EBITDA clause sets a required threshold for a company's earnings before interest, taxes, depreciation, and amortization (EBITDA) that must be maintained over a specified period. Typically, this clause is found in loan agreements or financial covenants, where the borrower is obligated to report financial results periodically and demonstrate that EBITDA does not fall below the agreed minimum. By establishing this financial benchmark, the clause helps lenders monitor the borrower's financial health and provides an early warning mechanism for potential financial distress, thereby protecting the lender's interests.
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Minimum EBITDA. Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
Minimum EBITDA. Achieve EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: ($44,300,000) For the 12 month period endingon March 31, 2017 ($48,900,000) For the 12 month period endingon June 30, 2017 ($51,000,000) For the 12 month period endingon September 30, 2017 ($45,900,000) For the 12 month period endingon December 31, 2017 ($40,300,000) For the 12 month period endingon March 31, 2018 ($36,700,000) For the 12 month period endingon June 30, 2018 ($32,200,000) For the 12 month period endingon September 30, 2018 ($26,800,000) For the 12 month period endingon December 31, 2018 ($21,700,000) For the 12 month period endingon March 31, 2019 ($17,000,000) For the 12 month period endingon June 30, 2019 ($11,700,000) For the 12 month period endingon September 30, 2019 ($6,200,000) For the 12 month period endingon December 31, 2019 $0 For the 12 month period endingon March 31, 2020 $6,500,000 For the 12 month period endingon June 30, 2020 $14,000,000 For the 12 month period endingon September 30, 2020 $25,000,000 For the 12 month period endingon December 31, 2020 $30,000,000 For the 12 month period endingon March 31, 2021 and the 12 monthperiod ending each June 30,September 30, December 31and March 31 thereafter
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basis, as of the last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day of each Fiscal Quarter thereafter, for the 12 month period then ended, EBITDA of at least the amount set forth below opposite such Fiscal Quarter: June 30, 2007 $ 32,000,000 September 30, 2007 $ 26,000,000 December 31, 2007 $ 27,000,000 March 31, 2008 $ 29,000,000 June 30, 2008 $ 31,000,000 September 30, 2008 $ 31,000,000 December 31, 2008 $ 31,000,000 March 31, 2009 $ 32,000,000 June 30, 2009 $ 34,000,000 September 30, 2009 and each Fiscal Quarter ending thereafter” $ 35,000,000
Minimum EBITDA. As of the end of each of its fiscal quarters beginning with the quarter ended June 30, 2008, the Borrower shall maintain minimum EBITDA of not less than the following: (i) $7,500,000 for the six months ended June 30, 2008, (ii) $12,500,000 for the nine months ended September 30, 2008, and (iii) $16,500,000 for the twelve months ended December 31, 2008 and for each trailing twelve month period thereafter to be tested at each fiscal quarter end.”
Minimum EBITDA. As of the last day of each of the following fiscal quarters of the Parent, the Loan Parties shall not permit EBITDA for the period of four fiscal quarters then ended to be less than the following: Fiscal Quarter End Minimum EBITDA June 2017 $ 22,500,000 September 2017 $ 20,000,000 December 2017 $ 22,000,000”
(j) Schedule I (Commitments). Schedule I of the Credit Agreement is hereby amended and restated in its entirety, to read as set forth on Annex A attached hereto.
Minimum EBITDA. EBITDA of the Borrower and its Consolidated Subsidiaries for each of the following Fiscal Quarters shall be at least that amount prescribed opposite such Fiscal Quarter: Fiscal Quarter Ending: EBITDA --------------------- ------ December 31, 2000 $17,900,000 April 4, 2001 $17,700,000 July 1, 2001 $20,000,000 September 30, 2001 $15,000,000 December 30, 2001 $19,000,000 March 31, 2002 $17,000,000 and thereafter
Minimum EBITDA. Fail to achieve EBITDA, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto:
Minimum EBITDA. EBITDA, measured on a month-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: For the 12 month periods ending August 31, 2005 and September 30, 2005 $ 44,000,000 For the 12 month period ending each month thereafter $ 45,000,000
Minimum EBITDA. Section 6.16 of the Credit Agreement is amended to read in its entirety as follows:
Minimum EBITDA. Holdings and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, Minimum EBITDA for the 12-Fiscal Month period then ended calculated of not less than the following: June 30, 2008 $ 14,500,000 September 30, 2008 $ 14,750,000 December 31, 2008 $ 15,000,000 March 31, 2009 $ 15,500,000 June 30, 2009 $ 15,750,000 September 30, 2009 $ 16,000,000 December 31, 2009 $ 16,000,000 March 31, 2010 $ 16,250,000 June 30, 2010 $ 16,250,000 September 30, 2010 $ 16,500,000 December 31, 2010 $ 16,500,000 March 31, 2011 and each Fiscal Quarter ending thereafter $ 16,750,000 3.13. On the New Life Acquisition Effective Date, Section 7.1(b) of the Credit Agreement shall be amended and restated in its entirety to read as follows: