Common use of Monthly EBITDA Clause in Contracts

Monthly EBITDA. Until the earlier to occur of (i) the EBITDA Compliance Date, or (ii) the Subordinated Debt Issuance Date, as evidenced by a Compliance Certificate delivered to the Agent, the Company shall not at any time permit the Consolidated Adjusted EBITDA for any month to be less than the amount set forth below for such month: Month Ending Minimum Monthly EBITDA plus or minus, in each case (as applicable), the Adjusted Amount.

Appears in 1 contract

Sources: Credit Agreement (New Horizons Worldwide Inc)

Monthly EBITDA. Until the earlier to occur of (i) the EBITDA Compliance Date, or (ii) the Subordinated Debt Issuance Date, as evidenced by a Compliance Certificate delivered to the Agent, the Company shall not at any time permit the Consolidated Adjusted EBITDA for any month to be less than the amount set forth below for such month: Month Ending Minimum Monthly EBITDA plus or minus, in each case (as applicable), the Adjusted Amount.

Appears in 1 contract

Sources: Credit Agreement (New Horizons Worldwide Inc)