Common use of Minimum EBITDAR Clause in Contracts

Minimum EBITDAR. Group will have, as of the last day of each month set forth below, EBITDAR for the fiscal period ending on such day of not less than the following: ------------------------------------------------------------------------ Minimum Test Period EBITDAR ------------------------------------------------------------------------ Three Months Ending $7,300,000 December 31, 2001 ------------------------------------------------------------------------ Four Months Ending $3,000,000 January 31, 2002 ------------------------------------------------------------------------ Five Months Ending $7,570,000 February 28, 2002 ------------------------------------------------------------------------ Six Months Ending $18,940,000 March 31, 2002 ------------------------------------------------------------------------ Seven Months Ending $25,200,000 April 30, 2002 ------------------------------------------------------------------------ Eight Months Ending $27,780,000 May 31, 2002 ------------------------------------------------------------------------ Nine Months Ending $36,760,000 June 30, 2002 ------------------------------------------------------------------------ ------------------------------------------------------------------------ Minimum Test Period EBITDAR ------------------------------------------------------------------------ Ten Months Ending $40,150,000 July 31, 2002 ------------------------------------------------------------------------ Eleven Months Ending $46,780,000 August 31, 2002 ------------------------------------------------------------------------ Twelve Months Ending $56,450,000 September 30, 2002 ------------------------------------------------------------------------ Twelve Months Ending $57,840,000 October 31, 2002 ------------------------------------------------------------------------ Twelve Months Ending $62,870,000 November 30, 2002 ------------------------------------------------------------------------ Twelve Months Ending $73,640,000; December 31, 2002 ------------------------------------------------------------------------ provided, however, that in the event of a sale of the stock or the assets by Group or any Subsidiary thereof constituting a business division of Group or a Subsidiary thereof, each minimum EBITDAR level set forth above for the fiscal periods ending after such sale shall be reduced by an amount equal to 95% of the EBITDAR derived from such business division, as listed on Schedule 5.1 (EBITDAR Adjustments) with respect to such period (or, if such sale occurs during such period, such portion of such period occurring after such sale); provided, further, however, the foregoing formula and timing of the application of the reduction in minimum EBITDAR levels may be adjusted in the reasonable discretion of the Administrative Agent to take into consideration the terms of such sale and the actual overhead savings to be achieved through the sale of such business division.

Minimum EBITDAR. Group will (i) The Borrower shall have, as of the last day of each month Fiscal Month set forth below, EBITDAR for the fiscal twelve Fiscal Months ending on such day (or with respect to the Fiscal Months ending on or before October 1, 2005, the period commencing on October 3, 2004 and ending on the last day of such Fiscal Month) of not less than the amount set forth opposite such Fiscal Month: |--------------------------------------|----------------------------| | Fiscal Month | Minimum EBITDAR | | Ending on or Aroun|d | | |--------------------------------------|----------------------------| | March 31, 2005 | ($4,500,000) | |--------------------------------------|----------------------------| | April 30, 2005 | ($7,000,000) | |--------------------------------------|----------------------------| | May 31, 2005 | ($8,500,000) | |--------------------------------------|----------------------------| | June 30, 2005 | ($11,000,000) | |--------------------------------------|----------------------------| | July 31, 2005 | ($13,000,000) | |--------------------------------------|----------------------------| | August 31, 2005 | ($14,000,000) | |--------------------------------------|----------------------------| | September 30, 2005 | ($16,000,000) | |--------------------------------------|----------------------------| | October 31, 2005 | ($12,500,000) | |--------------------------------------|----------------------------| | November 30, 2005 | ($6,000,000) | |--------------------------------------|----------------------------| | December 31, 2005 | $0 | |--------------------------------------|----------------------------| (ii) The Borrower shall have, as of the last day of the Fiscal Month ending on or around January 31, 2006 and each Fiscal Month thereafter, EBITDAR for the twelve Fiscal Months ending on such day of not less than amounts to be established by the followingAdministrative Agent, pursuant to the last paragraph of this Article V, in its sole discretion exercised reasonably and in accordance with customary business practices for its comparable asset based transactions. (i) The Borrower shall have, as of the last day of each Fiscal Month set forth below, EBITDAR for the twelve Fiscal Months ending on such day (or with respect to the Fiscal Months ending on or before October 1, 2005, the period commencing on October 3, 2004 and ending on the last day of such Fiscal Month) of not less than the amount set forth opposite such Fiscal Month: ------------------------------------------------------------------------ |--------------------------------------|----------------------------| | Fiscal Month | Minimum Test Period EBITDAR ------------------------------------------------------------------------ Three Months | | Ending on or Around | | |--------------------------------------|----------------------------| | March 31, 2005 | ($7,300,000 5,250,000) | |--------------------------------------|----------------------------| | April 30, 2005 | ($7,750,000) | |--------------------------------------|----------------------------| | May 31, 2005 | ($9,250,000) | |--------------------------------------|----------------------------| | June 30, 2005 | ($11,750,000) | |--------------------------------------|----------------------------| | July 31, 2005 | ($13,750,000) | |--------------------------------------|----------------------------| | August 31, 2005 | ($14,750,000) | |--------------------------------------|----------------------------| | September 30, 2005 | ($16,750,000) | |--------------------------------------|----------------------------| | October 31, 2005 | ($13,250,000) | |--------------------------------------|----------------------------| | November 30, 2005 | ($6,750,000) | |--------------------------------------|----------------------------| | December 31, 2001 ------------------------------------------------------------------------ Four Months Ending 2005 | ($3,000,000 750,000) | |--------------------------------------|----------------------------| (ii) The Borrower shall have, as of the last day of the Fiscal Month ending on or around January 31, 2002 ------------------------------------------------------------------------ Five 2006 and each Fiscal Month thereafter, EBITDAR for the twelve Fiscal Months Ending $7,570,000 February 28ending on such day of not less than amounts to be established by the Administrative Agent, 2002 ------------------------------------------------------------------------ Six Months Ending $18,940,000 March 31pursuant to the last paragraph of this Article V, 2002 ------------------------------------------------------------------------ Seven Months Ending $25,200,000 April 30, 2002 ------------------------------------------------------------------------ Eight Months Ending $27,780,000 May 31, 2002 ------------------------------------------------------------------------ Nine Months Ending $36,760,000 June 30, 2002 ------------------------------------------------------------------------ ------------------------------------------------------------------------ Minimum Test Period EBITDAR ------------------------------------------------------------------------ Ten Months Ending $40,150,000 July 31, 2002 ------------------------------------------------------------------------ Eleven Months Ending $46,780,000 August 31, 2002 ------------------------------------------------------------------------ Twelve Months Ending $56,450,000 September 30, 2002 ------------------------------------------------------------------------ Twelve Months Ending $57,840,000 October 31, 2002 ------------------------------------------------------------------------ Twelve Months Ending $62,870,000 November 30, 2002 ------------------------------------------------------------------------ Twelve Months Ending $73,640,000in its sole discretion exercised reasonably and in accordance with customary business practices for its comparable asset based transactions; December 31, 2002 ------------------------------------------------------------------------ provided, however, that in the event of a sale of the stock or the assets by Group or any Subsidiary thereof constituting a business division of Group or a Subsidiary thereof, each minimum EBITDAR level set forth above for the fiscal periods ending after such sale amounts established pursuant to this Section 5.1(b)(ii) shall be reduced less restrictive to the Borrower than the amounts established pursuant to Section 5.1(a)(ii) for each Fiscal Month by an amount equal to 95% of the EBITDAR derived from such business division, as listed on Schedule 5.1 (EBITDAR Adjustments) with respect to such period (or, if such sale occurs during such period, such portion of such period occurring after such sale); provided, further, however, the foregoing formula and timing of the application of the reduction in minimum EBITDAR levels may be adjusted in the reasonable discretion of the Administrative Agent to take into consideration the terms of such sale and the actual overhead savings to be achieved through the sale of such business division$750,000.

Minimum EBITDAR. Group will (a) The Company and its Domestic Subsidiaries shall have, as of for any Stage I Test Period ending on the last day of each a calendar month set forth below, cumulative EBITDAR for the fiscal period ending on such day of not less than the following: ------------------------------------------------------------------------ Minimum ------------------------------------------------------------------- MONTH MINIMUM EBITDAR ------------------------------------------------------------------- May 2002 ($4,500,000) ------------------------------------------------------------------- June 2002 ($2,500,000) ------------------------------------------------------------------- July 2002 $500,000 ------------------------------------------------------------------- August 2002 $8,500,000 ------------------------------------------------------------------- September 2002 $18,500,000 ------------------------------------------------------------------- October 2002 $28,500,000 ------------------------------------------------------------------- November 2002 $34,000,000 ------------------------------------------------------------------- December 2002 $38,500,000 ------------------------------------------------------------------- January 2003 $45,000,000 ------------------------------------------------------------------- February 2003 $49,000,000 ------------------------------------------------------------------- March 2003 $55,000,000 ------------------------------------------------------------------- (b) The Company and its Domestic Subsidiaries shall have, for any Stage II Test Period ending on the last day of a calendar month set forth below, cumulative EBITDAR ------------------------------------------------------------------------ Three Months Ending of not less than the following: ------------------------------------------------------------------- MONTH MINIMUM EBITDAR ------------------------------------------------------------------- April 2003 $7,300,000 61,500,000 ------------------------------------------------------------------- May 2003 $69,000,000 ------------------------------------------------------------------- June 2003 $76,500,000 ------------------------------------------------------------------- July 2003 $82,000,000 ------------------------------------------------------------------- August 2003 $84,000,000 ------------------------------------------------------------------- September 2003 $84,500,000 ------------------------------------------------------------------- October 2003 $83,500,000 ------------------------------------------------------------------- November 2003 $86,500,000 ------------------------------------------------------------------- December 312003 $91,000,000 ------------------------------------------------------------------- January 2004 $93,000,000 ------------------------------------------------------------------- February 2004 $98,000,000 ------------------------------------------------------------------- Credit Agreement EXIDE TECHNOLOGIES (c) The Company and its Subsidiaries shall have, 2001 ------------------------------------------------------------------------ Four Months Ending for any Stage I Test Period ending on the last day of a calendar month set forth below, cumulative EBITDAR of not less than the following: ------------------------------------------------------------------- MONTH MINIMUM EBITDAR ------------------------------------------------------------------- May 2002 $3,000,000 ------------------------------------------------------------------- June 2002 $12,500,000 ------------------------------------------------------------------- July 2002 $21,000,000 ------------------------------------------------------------------- August 2002 $26,000,000 ------------------------------------------------------------------- September 2002 $47,500,000 ------------------------------------------------------------------- October 2002 $70,500,000 ------------------------------------------------------------------- November 2002 $93,000,000 ------------------------------------------------------------------- December 2002 $108,500,000 ------------------------------------------------------------------- January 312003 $131,500,000 ------------------------------------------------------------------- February 2003 $146,500,000 ------------------------------------------------------------------- March 2003 $162,500,000 ------------------------------------------------------------------- (d) The Company and its Subsidiaries shall have, 2002 ------------------------------------------------------------------------ Five Months Ending $7,570,000 February 28, 2002 ------------------------------------------------------------------------ Six Months Ending $18,940,000 March 31, 2002 ------------------------------------------------------------------------ Seven Months Ending $25,200,000 April 30, 2002 ------------------------------------------------------------------------ Eight Months Ending $27,780,000 May 31, 2002 ------------------------------------------------------------------------ Nine Months Ending $36,760,000 June 30, 2002 ------------------------------------------------------------------------ ------------------------------------------------------------------------ Minimum for any Stage II Test Period EBITDAR ------------------------------------------------------------------------ Ten Months Ending $40,150,000 July 31, 2002 ------------------------------------------------------------------------ Eleven Months Ending $46,780,000 August 31, 2002 ------------------------------------------------------------------------ Twelve Months Ending $56,450,000 September 30, 2002 ------------------------------------------------------------------------ Twelve Months Ending $57,840,000 October 31, 2002 ------------------------------------------------------------------------ Twelve Months Ending $62,870,000 November 30, 2002 ------------------------------------------------------------------------ Twelve Months Ending $73,640,000; December 31, 2002 ------------------------------------------------------------------------ provided, however, that in ending on the event last day of a sale of the stock or the assets by Group or any Subsidiary thereof constituting a business division of Group or a Subsidiary thereof, each minimum EBITDAR level calendar month set forth above for below, cumulative EBITDAR of not less than the fiscal periods ending after such sale shall be reduced by an amount equal to 95% of the following: ------------------------------------------------------------------- MONTH MINIMUM EBITDAR derived from such business division, as listed on Schedule 5.1 (EBITDAR Adjustments) with respect to such period (or, if such sale occurs during such period, such portion of such period occurring after such sale); provided, further, however, the foregoing formula and timing of the application of the reduction in minimum EBITDAR levels may be adjusted in the reasonable discretion of the Administrative Agent to take into consideration the terms of such sale and the actual overhead savings to be achieved through the sale of such business division.------------------------------------------------------------------- April 2003 $172,500,000 ------------------------------------------------------------------- May 2003 $180,000,000 ------------------------------------------------------------------- June 2003 $182,000,000 ------------------------------------------------------------------- July 2003 $190,000,000 ------------------------------------------------------------------- August 2003 $202,500,000 ------------------------------------------------------------------- September 2003 $199,000,000 ------------------------------------------------------------------- October 2003 $199,500,000 ------------------------------------------------------------------- November 2003 $200,500,000 ------------------------------------------------------------------- December 2003 $209,500,000 ------------------------------------------------------------------- January 2004 $207,000,000 ------------------------------------------------------------------- February 2004 $214,000,000 -------------------------------------------------------------------

Minimum EBITDAR. Group will (a) The Borrower shall have, as of the last day of each month Fiscal Month set forth below, EBITDAR for the fiscal twelve Fiscal Months ending on such day (or with respect to the Fiscal Months ending on or before October 1, 2005, the period commencing on October 3, 2004 and ending on the last day of such Fiscal Month) of not less than the amount set forth opposite such Fiscal Month: ------------------------------------- ---------------------------- Fiscal Month Minimum EBITDAR Ending on or Around ------------------------------------- ---------------------------- March 31, 2005 ($4,500,000) ------------------------------------- ---------------------------- April 30, 2005 ($7,000,000) ------------------------------------- ---------------------------- May 31, 2005 ($8,500,000) ------------------------------------- ---------------------------- June 30, 2005 ($11,000,000) ------------------------------------- ---------------------------- July 31, 2005 ($13,000,000) ------------------------------------- ---------------------------- August 31, 2005 ($14,000,000) ------------------------------------- ---------------------------- September 30, 2005 ($16,000,000) ------------------------------------- ---------------------------- October 31, 2005 ($12,500,000) ------------------------------------- ---------------------------- November 30, 2005 ($6,000,000) ------------------------------------- ---------------------------- December 31, 2005 $0 ------------------------------------- ---------------------------- (b) The Borrower shall have, as of the last day of the Fiscal Month ending on or around January 31, 2006 and each Fiscal Month thereafter, EBITDAR for the twelve Fiscal Months ending on such day of not less than the following: ------------------------------------------------------------------------ Minimum Test Period EBITDAR ------------------------------------------------------------------------ Three Months Ending $7,300,000 December 31, 2001 ------------------------------------------------------------------------ Four Months Ending $3,000,000 January 31, 2002 ------------------------------------------------------------------------ Five Months Ending $7,570,000 February 28, 2002 ------------------------------------------------------------------------ Six Months Ending $18,940,000 March 31, 2002 ------------------------------------------------------------------------ Seven Months Ending $25,200,000 April 30, 2002 ------------------------------------------------------------------------ Eight Months Ending $27,780,000 May 31, 2002 ------------------------------------------------------------------------ Nine Months Ending $36,760,000 June 30, 2002 ------------------------------------------------------------------------ ------------------------------------------------------------------------ Minimum Test Period EBITDAR ------------------------------------------------------------------------ Ten Months Ending $40,150,000 July 31, 2002 ------------------------------------------------------------------------ Eleven Months Ending $46,780,000 August 31, 2002 ------------------------------------------------------------------------ Twelve Months Ending $56,450,000 September 30, 2002 ------------------------------------------------------------------------ Twelve Months Ending $57,840,000 October 31, 2002 ------------------------------------------------------------------------ Twelve Months Ending $62,870,000 November 30, 2002 ------------------------------------------------------------------------ Twelve Months Ending $73,640,000; December 31, 2002 ------------------------------------------------------------------------ provided, however, that in the event of a sale of the stock or the assets amounts to be established by Group or any Subsidiary thereof constituting a business division of Group or a Subsidiary thereof, each minimum EBITDAR level set forth above for the fiscal periods ending after such sale shall be reduced by an amount equal to 95% of the EBITDAR derived from such business division, as listed on Schedule 5.1 (EBITDAR Adjustments) with respect to such period (or, if such sale occurs during such period, such portion of such period occurring after such sale); provided, further, however, the foregoing formula and timing of the application of the reduction in minimum EBITDAR levels may be adjusted in the reasonable discretion of the Administrative Agent Agent, pursuant to take into consideration the terms last paragraph of such sale this Article V, in its sole discretion exercised reasonably and the actual overhead savings to be achieved through the sale of such in accordance with customary business divisionpractices for its comparable asset based transactions.