Common use of Minimum EBITDA Clause in Contracts

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.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Sparton Corp)

Minimum EBITDA. As Maintain as of the end of each fiscal quarter set forth below, for the period ending on the last day of each such fiscal quarter, EBITDA of Borrowers on a Consolidated Basis of at least the amount set forth opposite such fiscal quarter: Three month period ending March 31, 2009 $216,000 Six month period ending June 30, 2009 $902,000 Nine month period ending September 30, 2009 $1,744,000 Twelve month period ending December 31, 2009 $2,385,000 (k) Section 6.5 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 further amended and restated in its entirety, to read as set forth on Annex A attached hereto.by inserting the following new sub-clause (c) at the end thereof:

Appears in 1 contract

Sources: Revolving Credit, Term Loan and Security Agreement (Best Energy Services, Inc.)

Minimum EBITDA. As of the last day of each of the following fiscal quarters of the Parent, the Loan Parties Borrower shall not permit EBITDA for the twelve month period ending on the last day of four fiscal quarters then ended any calendar quarter set forth below to be less than the followingminimum amount set forth below opposite such fiscal quarter ending date: Fiscal Quarter End Ending Minimum EBITDA --------------------- -------------- March 31, 1998 $5,500,000 June 2017 $ 22,500,000 30, 1998 $5,500,000 September 2017 $ 20,000,000 30, 1998 $6,000,000 December 2017 $ 22,000,000” (j) Schedule I (Commitments). Schedule I of the Credit Agreement is hereby amended and restated in its entirety31, to read as set forth on Annex A attached hereto.1998 $6,000,000 March 31, 1999 $6,500,000 June 30, 1999 $6,500,000 September 30, 1999 $6,500,000

Appears in 1 contract

Sources: Credit Agreement (Credentials Services International Inc)

Minimum EBITDA. As of the last day of each of the following fiscal quarters of the Parent, the Loan The Credit Parties shall not permit EBITDA for the period of four fiscal quarters then ended Borrower 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 amount set forth on Annex A attached heretobelow for such quarter: $ 60,000 for fiscal quarter ended September 30, 2007; $ 60,000 for fiscal quarter ended December 31, 2007; $ 120,000 for fiscal quarter ended March 31, 2008; $ 190,000 for fiscal quarter ended June 30, 2008, and thereafter.

Appears in 1 contract

Sources: Dealer Floor Plan and Security Agreement (Fountain Powerboat Industries Inc)

Minimum EBITDA. As The Borrower shall not, as of the last day of each fiscal quarter of the following Borrower during the periods specified below, permit EBITDA for four fiscal quarters of the Parent, the Loan Parties shall not permit EBITDA for the period of four fiscal quarters Borrower then ended to be less than the followingthan: Fiscal Quarter End Minimum From and Including To and Including EBITDA June 2017 shall not be less than: The date hereof March 30, 2006 $ 22,500,000 September 2017 175,000,000 March 31, 2006 and at all times thereafter $ 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.200,000,000

Appears in 1 contract

Sources: Credit Agreement (Cleveland Cliffs Inc)

Minimum EBITDA. As The Borrower will not permit EBITDA, as of the last day of each of the Borrower’s fiscal months ended on or about the following dates for such fiscal quarters of the Parentmonth, the Loan Parties shall not permit EBITDA for the period of four fiscal quarters then ended to be less than the followingfollowing indicated amounts: Fiscal Quarter End Minimum EBITDA December 31, 2000 ($250,000) January 31, 2001 ($150,000) February 28, 2001 $2,195,000 March 31, 2001 $2,359,000 April 30, 2001 $2,095,000 May 31, 2001 $1,659,000 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 entirety30, to read as set forth on Annex A attached hereto.2001 $1,685,000

Appears in 1 contract

Sources: Credit Agreement (Norstan Inc)

Minimum EBITDA. As Effective as of the last day of each of the following fiscal quarters of the ParentApril 26, the Loan Parties 2012, Borrowers shall not permit EBITDA for the trailing twelve (12) month period ending on the last day of four any fiscal quarters then ended month as set forth below to be less than the followingminimum amount set forth in the table below opposite such date: Fiscal Quarter End Date Minimum EBITDA April 27, 2012 $ 650,000 May 25, 2012 $ 650,000 June 2017 29, 2012 $ 22,500,000 650,000 July 27, 2012 $ 650,000 August 24, 2012 $ 650,000 September 2017 28, 2012 $ 20,000,000 December 2017 100,000 October 26, 2012 $ 22,000,000300,000 (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.

Appears in 1 contract

Sources: Loan and Security Agreement (Katy Industries Inc)

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 March 2018 $ 21,400,000 June 2017 2018 $ 22,500,000 September 2017 $ 20,000,000 December 2017 $ 22,000,000”20,000,000 (jh) Schedule I Section 8.27 (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.

Appears in 1 contract

Sources: Credit and Guaranty Agreement (Sparton Corp)

Minimum EBITDA. As of the last day of each of the following fiscal quarters of the Parent, the Loan Parties shall The Borrower will not permit EBITDA of the Borrower and its consolidated Subsidiaries determined as of any month end date listed below for the period of four fiscal quarters month 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 amount set forth on Annex A attached hereto.opposite such month end date below: MONTH END DATE MINIMUM EBITDA May 31, 2001 $800,000 June 30, 2001 $1,700,000 July 31, 2001 $1,900,000

Appears in 1 contract

Sources: Waiver Agreement (Carbide Graphite Group Inc /De/)

Minimum EBITDA. As of the last day of each of the following fiscal quarters of the ParentBorrower shall not, the Loan Parties and shall not permit any of its Subsidiaries to, permit Actual EBITDA for Borrower for the period of four fiscal quarters then ended consecutive Fiscal Quarters ending on each date specified below 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 amount set forth on Annex A attached hereto.opposite such period below: March 31, 2003 $11.3 million June 30, 2003 $12.3 million September 30, 2003 $13.3 million December 31, 2003 $14.5 million March 31, 2004 $15.5 million June 30, 2004 $16.5 million September 30, 2004 $17.5 million December 31, 2004 $18.5 million March 31, 2005 $18.5 million June 30, 2005 $18.5 million

Appears in 1 contract

Sources: Revolving Credit and Security Agreement (Women First Healthcare Inc)

Minimum EBITDA. As The Borrower shall not permit, as of the last day of each any fiscal quarter, the EBITDA of the following fiscal quarters of the Parent, the Loan Parties shall not permit EBITDA on a consolidated basis for the twelve (12) month period of four fiscal quarters then ended ending thereon, to be less than the followingamount set opposite the applicable time period below: Fiscal Quarter End Minimum Notwithstanding the foregoing, if the Acquisition Closing Date has not occurred prior thereto, the required 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 Loan Parties on a consolidated basis for the twelve (12) month period ending on December 31, 2012 and restated in its entirety, each fiscal quarter end thereafter shall be reduced from $125,000,000 to read as set forth on Annex A attached hereto$110,000,000.

Appears in 1 contract

Sources: Credit Agreement (Valueclick Inc/Ca)

Minimum EBITDA. As of Borrower shall not permit EBITDA for any twelve (12) month period ending on the last day of each of fiscal month, commencing with the following fiscal quarters of the Parentmonth ending May 31, the Loan Parties shall not permit EBITDA for the period of four fiscal quarters then ended 2005, 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”$17,500,000. (j) Schedule I (Commitments). Schedule I 2.4 Section 4.3 of the Credit Agreement is hereby amended and restated in its entirety, entirety to read as set forth on Annex A attached hereto.follows:

Appears in 1 contract

Sources: Credit Agreement (Portola Packaging Inc)

Minimum EBITDA. As The Borrower shall not permit its EBITDA, measured 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 consecutive fiscal quarters then ended quarters, 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 amount for such period set forth on Annex A attached hereto.below: December 31, 2012 through June 30, 2013 September 30, 2013 and thereafter $4,250,000 $4,500,000

Appears in 1 contract

Sources: Securities Purchase Agreement and Security Agreement (Fusion Telecommunications International Inc)

Minimum EBITDA. As The Borrower shall not permit, as of the last day of each any fiscal quarter, the EBITDA of the following fiscal quarters of the Parent, the Loan Parties shall not permit EBITDA on a consolidated basis for the twelve (12) month period of four fiscal quarters then ended ending thereon, to be less than the followingamount set opposite the applicable date below: Fiscal Quarter End Minimum Date EBITDA December 31, 2008 $ 130,000,000 March 31, 2009 $ 130,000,000 June 2017 30, 2009 $ 22,500,000 130,000,000 September 2017 30, 2009 $ 20,000,000 130,000,000 December 2017 31, 2009 $ 22,000,000” (j) Schedule I (Commitments). Schedule I of the Credit Agreement is hereby amended 130,000,000 March 31, 2010 and restated in its entirety, to read as set forth on Annex A attached hereto.each fiscal quarter end thereafter $100,000,000

Appears in 1 contract

Sources: Credit Agreement (Valueclick Inc/Ca)

Minimum EBITDA. As The Borrower shall not as of the last day of each of fiscal quarter beginning with that quarter ending October 31, 2007, through and including that quarter ending October 31, 2009, permit the following fiscal quarters of the Parent, the Loan Parties shall not permit EBITDA for the period of four fiscal quarters twelve months 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$18,000,000.

Appears in 1 contract

Sources: Credit Agreement (Champion Industries Inc)

Minimum EBITDA. As Borrower shall not permit the EBITDA as of the last day of each of any fiscal quarter during the following fiscal quarters of the Parent, the Loan Parties shall not permit EBITDA for the period of four fiscal quarters then ended periods specified below 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 amount set forth below for the period specified below: July 1, 2009 through September 30, 2009 $ 1,350,000 July 1, 2009 through December 31, 2009 $ 3,375,000 July 1, 2009 through March 31, 2010 $ 4,025,000 July 1, 2009 through June 30, 2010 $ 4,900,000 Each Computation Period ending on Annex A attached hereto.and after September 30, 2010 $ 5,000,000

Appears in 1 contract

Sources: Loan and Security Agreement (Cobra Electronics Corp)

Minimum EBITDA. As The Borrower will not as of the last day end of each of the following any fiscal quarters of the Parent, the Loan Parties shall not quarter permit trailing twelve-month EBITDA for the period of four fiscal quarters then ended ending on such date 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 number set forth on Annex A attached hereto.below for the corresponding period: December 31, 2001 $ 31,944,000 March 31, 2002 $ 30,118,000 June 30, 2002 $ 29,566,000 September 30, 2002 $ 28,746,000 December 31, 2002 $ 31,337,000 March 31, 2003 $ 32,450,000 June 30, 2003 $ 34,029,000 September 30, 2003 $ 35,020,000

Appears in 1 contract

Sources: Revolving Credit Agreement (Anacomp Inc)

Minimum EBITDA. As The Borrower shall not permit, as of the last day of each any fiscal quarter, the EBITDA of the following fiscal quarters of the Parent, the Loan Parties shall not permit EBITDA on a consolidated basis for the twelve (12) month period of four fiscal quarters then ended ending thereon, to be less than the followingamount set opposite the applicable date below: Fiscal Quarter End Minimum Date EBITDA December 31, 2008 $ 130,000,000 March 31, 2009 $ 130,000,000 June 2017 30, 2009 $ 22,500,000 130,000,000 September 2017 30, 2009 $ 20,000,000 130,000,000 December 2017 31, 2009 $ 22,000,000” 130,000,000 March 31, 2010 $ 130,000,000 June 30, 2010 $ 130,000,000 September 30, 2010 $ 130,000,000 December 31, 2010 (jand each fiscal quarter end thereafter, as applicable) 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.$140,000,000

Appears in 1 contract

Sources: Credit Agreement (Valueclick Inc/Ca)