Common use of Minimum Equity Value Clause in Contracts

Minimum Equity Value. (i) Total Asset Value (1) $ (ii) Total Liabilities $ (1) Calculated as (a) THE LESSER OF (i) ten (10), or (ii) the Imputed Multiple, TIMES (b) Adjusted EBITDA for the twelve (12) month period ending on the determination date. (iii) Ratio of (i) to (ii) (iv) Required Minimum (2)

Minimum Equity Value. (i) Total Asset Value (1) $_________ (ii) Total Liabilities $________ (iii) Ratio of (I) to (II) __________ (1) Calculated as (a) THE LESSER OF (i) ten (10), or (ii) the Imputed Multiple, TIMES (b) Adjusted EBITDA for fir the twelve (12) month period ending on the determination date. (iii) Ratio of (i) to (ii) (iv) Required Minimum __________(2)