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
Appears in 2 contracts
Sources: Credit Agreement (Navarre Corp /Mn/), Credit Agreement (Navarre Corp /Mn/)
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basisbasis shall have, as of at the last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day end of each Fiscal Quarter thereafterset forth below, EBITDA for the 12 6-month period then ended, EBITDA ended of at least not less than the amount set forth below opposite such following: 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 Quarter ending June 30, 2008 $ 31,000,000 < -$ 5,500,000> Fiscal Quarter ending September 30, 2008 $ 31,000,000 < -$ 5,100,000> Fiscal Quarter ending December 31, 2008 $ 31,000,000 < -$ 5,000,000> Fiscal Quarter ending March 31, 2009 $ 32,000,000 < -$ 5,400,000> Fiscal Quarter ending June 30, 2009 $ 34,000,000 < -$ 4,500,000> Fiscal Quarter ending September 30, 2009 < -$ 2,300,000> Fiscal Quarter ending December 31, 2009 < -$ 1,000,000> Fiscal Quarter ending March 31, 2010 $ 300,000 Fiscal Quarter ending June 30, 2010 $ 1,700,000 Fiscal Quarter ending September 30, 2010 $ 2,800,000 Fiscal Quarter ending December 31, 2010 and each Fiscal Quarter ending thereafter” thereafter $ 35,000,0004,400,000
Appears in 2 contracts
Sources: Loan and Security Agreement (Salient Surgical Technologies, Inc.), Loan and Security Agreement (Salient Surgical Technologies, Inc.)
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basisSubject to Section 6.08(e), permit Consolidated EBITDA, as of any Test Period during any period set forth in the last day of the Fiscal Quarter ending on June 30table below, 2007 and as of the last day of each Fiscal Quarter thereafter, for the 12 month period then ended, EBITDA of at least to be less than the amount set forth below opposite such period in the table below: Fiscal Quarter: quarter ending September 2005 $ 107.6 Fiscal quarter ending December 2005 $ 131.6 Fiscal quarter ending March 2006 $ 132.1 Fiscal quarter ending June 30, 2006 $ 149.3 Fiscal quarter ending September 2006 $ 156.2 Fiscal quarter ending December 2006 $ 175.2 Fiscal quarter ending March 2007 $ 32,000,000 September 30, 217.5 Fiscal quarter ending June 2007 $ 26,000,000 December 31, 217.5 Fiscal quarter ending September 2007 $ 27,000,000 217.5 Fiscal quarter ending December 2007 $ 217.5 Fiscal quarter ending March 31, 2008 $ 29,000,000 278.1 Fiscal quarter ending June 30, 2008 $ 31,000,000 278.1 Fiscal quarter ending September 30, 2008 $ 31,000,000 278.1 Fiscal quarter ending December 31, 2008 $ 31,000,000 278.1 Fiscal quarter ending March 31, 2009 $ 32,000,000 June 30, 2009 $ 34,000,000 September 30, 2009 and each Fiscal Quarter ending thereafter” fiscal quarter thereafter $ 35,000,000333.8
Appears in 2 contracts
Sources: Credit Agreement (Bearingpoint Inc), Credit Agreement (Bearingpoint Inc)
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basisbasis -------------- shall have, as at the end of each Fiscal Quarter set forth below, EBITDA for the last day 12-month period then ended of not less than the following: $62,250,000 for the Fiscal Quarter ending on June or about August 31, 2002; $63,250,000 for the Fiscal Quarter ending on or about November 30, 2007 and as of 2002; $63,250,000 for the last day of each Fiscal Quarter thereafterending on or about February 28, 2003; $64,250,000 for the 12 month period then endedFiscal Quarter ending on or about May 31, EBITDA of at least 2003; $64,250,000 for the amount set forth below opposite such Fiscal Quarter: June Quarter ending on or about August 31, 2003; $65,250,000 for the Fiscal Quarter ending on or about November 30, 2007 $ 32,000,000 September 2003; $65,250,000 for the Fiscal Quarter ending on or about February 28, 2004; $66,250,000 for the Fiscal Quarter ending on or about May 31, 2004; $66,250,000 for the Fiscal Quarter ending on or about August 31, 2004; $67,500,000 for the Fiscal Quarter ending on or about November 30, 2007 $ 26,000,000 December 2004; $67,500,000 for the Fiscal Quarter ending on or about February 28, 2005; $68,500,000 for the Fiscal Quarter ending on or about May 31, 2007 $ 27,000,000 March 2005; $68,500,000 for the Fiscal Quarter ending on or about August 31, 2008 $ 29,000,000 June 2005; $69,500,000 for the Fiscal Quarter ending on or about November 30, 2008 $ 31,000,000 September 302005; $69,500,000 for the Fiscal Quarter ending on or about February 28, 2008 $ 31,000,000 December 2006; $70,750,000 for the Fiscal Quarter ending on or about May 31, 2008 $ 31,000,000 March 2006; $70,750,000 for the Fiscal Quarter ending on or about August 31, 2009 $ 32,000,000 June 30, 2009 $ 34,000,000 September 30, 2009 2006; and $71,750,000 for each Fiscal Quarter ending thereafter” $ 35,000,000.
Appears in 2 contracts
Sources: Credit Agreement (Icon Health & Fitness Inc), Credit Agreement (Icon Health & Fitness Inc)
Minimum EBITDA. Borrower and its Subsidiaries shall have on For any period set forth below, permit Consolidated EBITDA to be less (or in the case of a consolidated basis, negative amount of not more) than the amount listed below as of the last day of the corresponding period listed below (amounts in “( )” are negative): Fiscal Quarter quarter ending on June 30, 2007 and as of the last day of each 2012 $1,029,000 Fiscal Quarter thereafterquarter ending September 30, for the 12 month period then ended2012 ($601,000) Two Fiscal quarters ending December 31, EBITDA of at least the amount set forth below opposite such 2012 $292,000 Three Fiscal Quarter: quarters ending March 31, 2013 $1,200,000 Four Fiscal quarters ending June 30, 2007 $ 32,000,000 2013 $2,980,000 Four Fiscal quarters ending September 30, 2007 $ 26,000,000 2013 $3,069,000 Four Fiscal quarters ending December 31, 2007 $ 27,000,000 2013 $3,102,000 Four Fiscal quarters ending March 31, 2008 $ 29,000,000 2014 $3,113,000 Four Fiscal quarters ending June 30, 2008 $ 31,000,000 2014 $3,155,000 Four Fiscal quarters ending September 30, 2008 $ 31,000,000 2014 $3,452,000 Four Fiscal quarters ending December 31, 2008 $ 31,000,000 2014 $3,796,000 Four Fiscal quarters ending March 31, 2009 $ 32,000,000 2015 $4,015,000 Four Fiscal quarters ending June 30, 2009 $ 34,000,000 2015 $4,265,000 Four Fiscal quarters ending September 30, 2009 2015 $4,571,000 Four Fiscal quarters ending December 31, 2015 $4,925,000 Four Fiscal quarters ending March 31, 2016 $5,151,000 Four Fiscal quarters ending June 30, 2016 and each Fiscal Quarter four fiscal quarter period ending thereafter” $ 35,000,000thereafter $5,409,000
Appears in 1 contract
Sources: Credit Agreement (Napco Security Technologies, Inc)
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basisbasis shall have, as of at the last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day end of each Fiscal Quarter thereafterset forth below, EBITDA for the 12 6-month period then ended, EBITDA ended of at least not less than the amount set forth below opposite such following: 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 Quarter ending June 30, 2008 $ 31,000,000 < -$ 5,500,000> Fiscal Quarter ending September 30, 2008 $ 31,000,000 < -$ 5,100,000> Fiscal Quarter ending December 31, 2008 $ 31,000,000 < -$ 5,000,000> [*] Portions of this exhibit have been omitted pursuant to a confidential treatment request. An unredacted version of this exhibit has been filed separately with the Commission. Fiscal Quarter ending March 31, 2009 $ 32,000,000 < -$ 5,400,000> Fiscal Quarter ending June 30, 2009 $ 34,000,000 < -$ 4,500,000> Fiscal Quarter ending September 30, 2009 < -$ 2,300,000> Fiscal Quarter ending December 31, 2009 < -$ 1,000,000> Fiscal Quarter ending March 31, 2010 $ 300,000 Fiscal Quarter ending June 30, 2010 $ 1,700,000 Fiscal Quarter ending September 30, 2010 $ 2,800,000 Fiscal Quarter ending December 31, 2010 and each Fiscal Quarter ending thereafter” thereafter $ 35,000,0004,400,000
Appears in 1 contract
Sources: Loan and Security Agreement (Salient Surgical Technologies, Inc.)
Minimum EBITDA. Borrower and its Subsidiaries shall have on The Borrowers will maintain a consolidated basiscumulative EBITDA, as determined at the end of each fiscal quarter set forth below, for the preceding fiscal quarter in the case of the last day fiscal quarter ending December 31, 1998, for the preceding two fiscal quarters in the case of the Fiscal Quarter fiscal quarter ending on March 31, 1999, for the preceding three fiscal quarters in the case of the fiscal quarter ending June 30, 2007 1999, and as the preceding four fiscal quarters in the case of the last day of fiscal quarter ending September 30, 1999 and each Fiscal Quarter fiscal quarter ending thereafter, for of not less than the 12 month period then endedamounts indicated below: Quarter Ending Amount December 31, EBITDA of at least the amount set forth below opposite such Fiscal Quarter: 1998 ($ 250,000) March 31, 1999 ($ 500,000) June 30, 2007 $ 32,000,000 1999 $2,400,000 September 30, 2007 $ 26,000,000 1999, and each fiscal quarter thereafter $3,300,000 10.22 Adjusted Tangible Net Worth. The Borrowers will have Tangible Net Worth of not less than the following amounts at the end of each of the following fiscal quarters: Fiscal Quarter Ending Amount December 31, 2007 $ 27,000,000 1998 $14,000,000 March 31, 2008 $ 29,000,000 1999 $13,000,000 June 30, 2008 $ 31,000,000 1999 $14,000,000 September 30, 2008 $ 31,000,000 December 311999, 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” $ 35,000,000fiscal quarter thereafter $14,537,000 SECTION 4.
Appears in 1 contract
Sources: Loan and Security Agreement (Pentech International Inc)
Minimum EBITDA. Borrower Holdings and its Subsidiaries shall have on a consolidated basisbasis shall have, as at the end of each Fiscal Quarter set forth below, EBITDA for the last day of 12-month period then ended (or with respect to the Fiscal Quarter ending on June September 30, 2007 2003, the period commencing on January 1, 2003 and as of ending on 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) of not less than the following: Fiscal Quarter ending December 31, 2003 $ 48,000,000 Fiscal Quarter ending March 31, 2004 $ 46,500,000 Fiscal Quarter ending June 30, 2004 $ 47,600,000 Fiscal Quarter ending September 30, 2004 $ 48,500,000 Fiscal Quarter ending December 31, 2004 $ 49,400,000 Fiscal Quarter ending March 31, 2005 $ 49,500,000 Fiscal Quarter ending June 30, 2005 $ 49,500,000 Fiscal Quarter ending September 30, 2005 $ 50,000,000 Fiscal Quarter ending December 31, 2005 $ 51,800,000 Fiscal Quarter ending March 31, 2006 $ 53,950,000 Fiscal Quarter ending June 30, 2006 $ 56,100,000 Fiscal Quarter ending September 30, 2006 $ 58,250,000 Fiscal Quarter ending December 31, 2006 $ 60,400,000 Fiscal Quarter ending March 31, 2007 $ 60,875,000 Fiscal Quarter ending June 30, 2007 $ 32,000,000 61,350,000 Fiscal Quarter ending September 30, 2007 $ 26,000,000 61,825,000 Fiscal Quarter ending December 31, 2007 $ 27,000,000 62,300,000 Fiscal Quarter ending March 31, 2008 $ 29,000,000 62,775,000 Fiscal Quarter ending June 30, 2008 $ 31,000,000 63,250,000 Fiscal Quarter ending September 30, 2008 $ 31,000,000 63,725,000 Fiscal Quarter ending 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” $ 35,000,00064,200,000
Appears in 1 contract
Minimum EBITDA. The Borrower and its Subsidiaries shall have on a consolidated basiswill not permit the Consolidated Adjusted EBITDA, determined as of the last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day end of each Fiscal Quarter thereafterfiscal quarter set forth below, for the 12 month period then ended, EBITDA of at least to be less than the amount set forth below opposite such fiscal quarter: Fiscal Quarter: quarter ending March 31, 2009, as calculated for the fiscal quarter then ending $ - 25,000,000 Fiscal quarter ending June 30, 2007 2009, as calculated for the two consecutive fiscal quarters then ending $ 32,000,000 - 22,000,000 Fiscal quarter ending September 30, 2007 2009, as calculated for the three consecutive fiscal quarters then ending $ 26,000,000 - 14,000,000 Fiscal quarter ending December 31, 2007 2009, as calculated for the four consecutive fiscal quarters then ending $ 27,000,000 1,750,000 Fiscal quarter ending March 31, 2008 $ 29,000,000 June 302010, 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 as calculated for the four consecutive fiscal quarters then ending thereafter” $ 35,000,000
Appears in 1 contract
Minimum EBITDA. The Borrower and its Subsidiaries shall have on a consolidated basis, minimum Consolidated EBITDA at the end of each fiscal period as of the last day of the follows: Fiscal Period Minimum EBITDA ------------- -------------- Fourth Fiscal Quarter ending on June 30, 2007 of Fiscal $5,000,000 Year 2000 for the four fiscal quarters then ended. First Fiscal Quarter of Fiscal $5,000,000 Year 2001 for the four fiscal quarters then ended. Second Fiscal Quarter of Fiscal $5,500,000 Year 2001 for the four fiscal quarters then ended. Third Fiscal Quarter of Fiscal $6,500,000 Year 2001 for the four fiscal quarters then ended. and as of at the last day end of each fiscal quarter thereafter for the four fiscal quarters then ended. Fourth Fiscal Quarter thereafter, of Fiscal $6,400,000 Year 2001 for the 12 month period four fiscal quarters then ended, EBITDA . First Fiscal Quarter 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 $6,500,000 Year 2002 and each Fiscal Quarter ending thereafter” $ 35,000,000thereafter for the four fiscal quarter then ended.
Appears in 1 contract
Minimum EBITDA. Borrower Until such time as the Second Lien Loan Obligations have been paid in full in accordance with Section 6.3(b)(vi) or refinanced in accordance with Section 5.13, Holdings and its Subsidiaries shall have on a consolidated basisbasis shall have, as of at the last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day end of each Fiscal Quarter thereafterset forth below, EBITDA for the 12 12-month period then endedended of not less than the following: Fiscal Quarter ending December 31, EBITDA of at least the amount set forth below opposite such 2003 $ 48,000,000 Fiscal Quarter: Quarter ending March 31, 2004 $ 46,500,000 Fiscal Quarter ending June 30, 2004 $ 47,600,000 Fiscal Quarter ending September 30, 2004 $ 47,000,000 Fiscal Quarter ending December 31, 2004 $ 41,500,000 Fiscal Quarter ending March 31, 2005 $ 39,000,000 Fiscal Quarter ending June 30, 2005 $ 37,000,000 Fiscal Quarter ending September 30, 2005 $ 40,440,000 Fiscal Quarter ending December 31, 2005 $ 44,554,000 Fiscal Quarter ending March 31, 2006 $ 42,274,000 Fiscal Quarter ending June 30, 2006 $ 47,532,000 Fiscal Quarter ending September 30, 2006 $ 49,265,000 Fiscal Quarter ending December 31, 2006 $ 50,432,000 Fiscal Quarter ending March 31, 2007 $ 60,175,000 Fiscal Quarter ending June 30, 2007 $ 32,000,000 60,650,000 Fiscal Quarter ending September 30, 2007 $ 26,000,000 61,125,000 Fiscal Quarter ending December 31, 2007 $ 27,000,000 61,600,000 Fiscal Quarter ending March 31, 2008 $ 29,000,000 62,075,000 Fiscal Quarter ending June 30, 2008 $ 31,000,000 62,550,000 Fiscal Quarter ending September 30, 2008 $ 31,000,000 63,025,000 Fiscal Quarter ending December 31, 2008 $ 31,000,000 March 31, 2009 $ 32,000,000 June 30, 2009 $ 34,000,000 September 30, 2009 and for each Fiscal Quarter ending thereafter” thereafter $ 35,000,00063,500,000
Appears in 1 contract
Minimum EBITDA. Borrower Holdings and its Subsidiaries shall have on a consolidated basisbasis shall have, as at the end of each Fiscal Quarter set forth below, EBITDA for the last day of 12-month period then ended (or with respect to the Fiscal Quarter ending on June September 30, 2007 2003, the period commencing on January 1, 2003 and as of ending on 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) of not less than the following: Period EBITDA ------ ------ Fiscal Quarter ending September 30, 2003 $38,000,000 Fiscal Quarter ending December 31, 2003 $51,300,000 Fiscal Quarter ending March 31, 2004 $53,500,000 Fiscal Quarter ending June 30, 2007 $ 32,000,000 2004 $54,700,000 Fiscal Quarter ending September 30, 2007 $ 26,000,000 2004 $55,000,000 Fiscal Quarter ending December 31, 2007 $ 27,000,000 2004 $55,500,000 Fiscal Quarter ending March 31, 2008 $ 29,000,000 2005 $56,000,000 Fiscal Quarter ending June 30, 2008 $ 31,000,000 2005 $57,500,000 Fiscal Quarter ending 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 2005 $59,000,000 For each Fiscal Quarter ending thereafter” $ 35,000,000thereafter $60,000,000
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries Guarantors (which shall have include Interactive and Paradigm through and including September 30, 2003) on a consolidated basiscombined basis shall have, as of at the last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day end of each Fiscal Quarter thereafterset forth below, EBITDA for the 12 12-month period then endedended of not less than the following: Period EBITDA ------ ------ Fiscal Quarter ending December 31, EBITDA of at least the amount set forth below opposite such 2002 ($ 7,000,000) Fiscal Quarter: Quarter ending March 31, 2003 $20,000,000 Fiscal Quarter ending June 30, 2007 $ 32,000,000 2003 $20,000,000 Fiscal Quarter ending September 30, 2007 2003 ($ 26,000,000 500,000) Fiscal Quarter ending December 31, 2007 $ 27,000,000 2003 ($20,000,000) Fiscal Quarter ending March 31, 2008 2004 ($ 29,000,000 7,500,000) Fiscal Quarter ending June 30, 2008 2004 ($ 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 7,500,000) for each Fiscal Quarter ending thereafter” $ 35,000,000thereafter $20,000,000
Appears in 1 contract
Sources: Credit Agreement (Atari Inc)
Minimum EBITDA. Borrower and its Subsidiaries Borrowers' consolidated EBITDA shall have on a consolidated basis, not be less than the amounts set forth in the table below for the indicated fiscal periods of Borrowers' Fiscal Years set forth below ending as of the last day of the such indicated fiscal period: Fiscal Quarter Period of Borrowers Minimum EBITDA -------------------------- -------------- Nine months 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 1/31/00 $4,150,000 Ten months ending thereafter” $ 35,000,0002/29/00 $5,000,000 Eleven months ending 3/31/00 $6,000,000 Twelve months ending 4/30/00 $7,100,000 Three months ending 7/31/00 $2,775,000 Six months ending 10/31/00 $6,100,000 Nine months ending 1/31/01 $9,000,000 Twelve months ending 4/30/01 $12,000,000
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basisbasis shall have, as at the end of each Fiscal Quarter set forth below, EBITDA for the last day 12-month period then ended of not less than the following: $48,000,000 for the Fiscal Quarter ending on June November 30, 2007 and as 1999; $52,500,000 for the Fiscal Quarter ending February 29, 2000; $55,000,000 for the Fiscal Quarter ending May 31, 2000; $55,000,000 for the Fiscal Quarter ending August 31, 2000; $55,000,000 for the Fiscal Quarter ending November 30, 2000; $55,000,000 for the Fiscal Quarter ending February 28, 2001; $55,500,000 for each of the last day Fiscal Quarters ending May 31, 2001; August 31, 2001; November 30, 2001; and February 28, 2002; $56,500,000 for each of the Fiscal Quarters ending May 31, 2002; August 31, 2002; November 30, 2002; and February 28, 2003; $57,500,000 for each of the Fiscal Quarters ending May 31, 2003; August 31, 2003; November 30, 2003; and February 29, 2004; $58,500,000 for the 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 ending May 31, 2007 $ 27,000,000 March 312004, 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.
Appears in 1 contract
Sources: Credit Agreement (510152 N B LTD)
Minimum EBITDA. Borrower Borrowers and its their Subsidiaries shall have on a consolidated basisbasis shall have, as at the end of each Fiscal Quarter set forth below, EBITDA for the 12-month period then ended (or with respect to the Fiscal Quarters ending on or before December 31, 2004, the period commencing on January 31, 2004 and ending on the last day of such Fiscal Quarter) of not less than the following: Fiscal Quarter ending on March 31, 2004 $ 2,000,000; Fiscal Quarter ending June 30, 2007 and as of the last day of each 2004 $ 3,500,000; Fiscal Quarter thereafterending September 30, for the 12 month period then ended2004 $ 5,000,000; Fiscal Quarter ending December 31, EBITDA of at least the amount set forth below opposite such 2004 $ 9,000,000; Fiscal Quarter: Quarter ending March 31, 2005 $ 10,000,000; Fiscal Quarter ending June 30, 2007 2005 $ 32,000,000 12,000,000; Fiscal Quarter ending September 30, 2007 2005 $ 26,000,000 13,000,000; Fiscal Quarter ending December 31, 2007 2005 $ 27,000,000 14,000,000; Fiscal Quarter ending March 31, 2008 2006 $ 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 15,000,000; and For each Fiscal Quarter ending thereafter” thereafter $ 35,000,00015,000,000
Appears in 1 contract
Minimum EBITDA. Borrower Until such time as the Second Lien Loan Obligations have been paid in full in accordance with Section 6.3(b)(vi) or refinanced in accordance with Section 5.13, Holdings and its Subsidiaries shall have on a consolidated basisbasis shall have, as of at the last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day end of each Fiscal Quarter thereafterset forth below, EBITDA for the 12 12-month period then endedended of not less than the following: Fiscal Quarter ending December 31, EBITDA of at least the amount set forth below opposite such 2003 $ 48,000,000 Fiscal Quarter: Quarter ending March 31, 2004 $ 46,500,000 Fiscal Quarter ending June 30, 2004 $ 47,600,000 Fiscal Quarter ending September 30, 2004 $ 47,000,000 Fiscal Quarter ending December 31, 2004 $ 41,500,000 Fiscal Quarter ending March 31, 2005 $ 39,000,000 Fiscal Quarter ending June 30, 2005 $ 37,000,000 Fiscal Quarter ending September 30, 2005 $ 42,000,000 Fiscal Quarter ending December 31, 2005 $ 47,000,000 Fiscal Quarter ending March 31, 2006 $ 49,000,000 Fiscal Quarter ending June 30, 2006 $ 57,600,000 Fiscal Quarter ending September 30, 2006 $ 59,760,000 Fiscal Quarter ending December 31, 2006 $ 61,070,000 Fiscal Quarter ending March 31, 2007 $ 60,175,000 Fiscal Quarter ending June 30, 2007 $ 32,000,000 60,650,000 Fiscal Quarter ending September 30, 2007 $ 26,000,000 61,125,000 Fiscal Quarter ending December 31, 2007 $ 27,000,000 61,600,000 Fiscal Quarter ending March 31, 2008 $ 29,000,000 62,075,000 Fiscal Quarter ending June 30, 2008 $ 31,000,000 62,550,000 Fiscal Quarter ending September 30, 2008 $ 31,000,000 63,025,000 Fiscal Quarter ending December 31, 2008 $ 31,000,000 March 31, 2009 $ 32,000,000 June 30, 2009 $ 34,000,000 September 30, 2009 and for each Fiscal Quarter ending thereafter” thereafter $ 35,000,00063,500,000
Appears in 1 contract
Minimum EBITDA. Borrower and its Subsidiaries Guarantors (which shall have include Interactive and Paradigm through and including September 30, 2003) on a consolidated basiscombined basis shall have, as of at the last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day end of each Fiscal Quarter thereafterset forth below, EBITDA for the 12 12-month period then endedended of not less than the following: Period EBITDA ------ ------ Fiscal Quarter ending December 31, EBITDA of at least the amount set forth below opposite such 2002 ($ 7,000,000) Fiscal Quarter: Quarter ending March 31, 2003 $ 20,000,000 Fiscal Quarter ending June 30, 2007 2003 $ 32,000,000 20,000,000 Fiscal Quarter ending September 30, 2007 30,2003 $ 26,000,000 10,500,000 Fiscal Quarter ending December 31, 2007 2003 ($ 27,000,000 20,000,000) Fiscal Quarter ending March 31, 2008 2004 $ 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 20,000,000 for each Fiscal Quarter ending thereafter” thereafter $ 35,000,00020,000,000 provided, however, that if (i) the Production Fund Closing occurs on or prior to August 22, 2003, or (ii) the Offering Transactions occur before September 30, 2003, the EBITDA for the 12 - month period ending September 30, 2003 shall be no less than ($500,000)."
Appears in 1 contract
Sources: Credit Agreement (Atari Inc)
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basisbasis shall have, as at the end of each Fiscal Quarter set forth below, EBITDA for the last day 12-month period then ended of not less than the following: $28,000,000 for the Fiscal Quarter ending on June 30, 2007 and as of 2000; $28,000,000 for the last day of each Fiscal Quarter thereafterending September 30, 2000; $28,000,000 for the 12 month period then endedFiscal Quarter ending December 31, EBITDA of at least 2000; $28,000,000 for the amount set forth below opposite such Fiscal Quarter: Quarter ending March 31, 2001; $29,000,000 for the Fiscal Quarter ending June 30, 2007 $ 32,000,000 2001; $30,500,000 for the Fiscal Quarter ending September 30, 2007 $ 26,000,000 2001; $32,000,000 for the Fiscal Quarter ending December 31, 2007 $ 27,000,000 2001; $32,500,000 for the Fiscal Quarter ending March 31, 2008 $ 29,000,000 2002; $34,000,000 for the Fiscal Quarter ending June 30, 2008 $ 31,000,000 2002; $34,500,000 for the Fiscal Quarter ending September 30, 2008 $ 31,000,000 2002; $35,500,000 for the Fiscal Quarter ending December 31, 2008 $ 31,000,000 2002; $36,000,000 for the Fiscal Quarter ending March 31, 2009 $ 32,000,000 2003; $37,000,000 for the Fiscal Quarter ending June 30, 2009 $ 34,000,000 2003; $38,500,000 for the Fiscal Quarter ending September 30, 2009 2003; $39,500,000 for the Fiscal Quarter ending December 31, 2003; $40,000,000 for the Fiscal Quarter ending March 31, 2004; $41,000,000 for the Fiscal Quarter ending June 30, 2004; $42,000,000 for the Fiscal Quarter ending September 30, 2004; $42,500,000 for the Fiscal Quarter ending December 31, 2004; and $42,500,000 for each Fiscal Quarter ending thereafter” $ 35,000,000.
Appears in 1 contract
Sources: Credit Agreement (Playcore Inc)
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basisbasis shall have, as at the end of each Fiscal Quarter (or calendar month) set forth below, EBITDA plus interest income for the last day 12-month period then ended of not less than the amount set forth opposite such Fiscal Quarter (or calendar month) below: Fiscal Quarter (calendar month) Amount ------------------------------------------- ---------- Fiscal Quarter ending on June 30, 2003 $2,000,000 Fiscal Quarter ending on September 30, 2003 $2,000,000 Calendar month ending on November 30, 2003 $6,500,000 Calendar month ending on December 31, 2003 $6,500,000 Calendar month ending on January 31, 2004 $7,000,000 Calendar month ending on February 29, 2004 $7,000,000 Fiscal Quarter ending on March 31, 2004 $7,750,000 Fiscal Quarter ending on June 30, 2004 $7,750,000 Fiscal Quarter (calendar month) Amount ------------------------------------------- ---------- Fiscal Quarter ending on September 30, 2004 $7,775,000 Fiscal Quarter ending on December 31, 2004 $8,500,000 Fiscal Quarter ending on March 31, 2005 $8,500,000 Fiscal Quarter ending on June 30, 2005 $8,500,000 Fiscal Quarter ending on September 30, 2005 $9,250,000 Fiscal Quarter ending on December 31, 2005 $9,250,000 Fiscal Quarter ending on March 31, 2006 $9,250,000 Fiscal Quarter ending on June 30, 2006 $9,250,000 Fiscal Quarter ending on September 30, 2006 $9,500,000 Fiscal Quarter ending on December 31, 2006 $9,500,000 Fiscal Quarter ending on March 31, 2007 $9,500,000 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.
Appears in 1 contract
Sources: Credit Agreement (Navarre Corp /Mn/)
Minimum EBITDA. Borrower Parent and its Subsidiaries shall have on a consolidated basisbasis shall have, as of at the last day of the Fiscal Quarter ending on June 30, 2007 and as of the last day end of each Fiscal Quarter thereafterset forth below, EBITDA for the 12 12-month period then endedended of not less than the following: Period EBITDA Fiscal Quarter ending December 31, EBITDA 2003 The Dollar Equivalent of at least the amount set forth below opposite such $30,000,000 Fiscal Quarter: Quarter ending March 31, 2004 The Dollar Equivalent of $31,000,000 Fiscal Quarter ending June 30, 2007 $ 32,000,000 2004 The Dollar Equivalent of $37,000,000 Fiscal Quarter ending September 30, 2007 $ 26,000,000 2004 The Dollar Equivalent of $41,000,000 Fiscal Quarter ending December 31, 2007 $ 27,000,000 2004 The Dollar Equivalent of $43,500,000 Fiscal Quarter ending March 31, 2008 $ 29,000,000 2005 The Dollar Equivalent of $45,000,000 Fiscal Quarter ending June 30, 2008 $ 31,000,000 2005 The Dollar Equivalent of $45,000,000 Fiscal Quarter ending September 30, 2008 $ 31,000,000 2005 The Dollar Equivalent of $46,000,000 Fiscal Quarter ending December 31, 2008 $ 31,000,000 2005 The Dollar Equivalent of $46,000,000 Fiscal Quarter ending March 31, 2009 $ 32,000,000 2006 The Dollar Equivalent of $47,000,000 Fiscal Quarter ending June 30, 2009 $ 34,000,000 September 30, 2009 and each Fiscal Quarter ending thereafter” $ 35,000,0002006 The Dollar Equivalent of $48,000,000
Appears in 1 contract
Sources: Credit Agreement (Fibermark Inc)