Payment of EBITDA Adjustment Sample Clauses

Payment of EBITDA Adjustment. The “EBITDA Adjustment” shall be equal to the amount that the EBITDA Target exceeds the 2019 EBITDA Amount, as determined pursuant to this Section 2.09(d). Except as otherwise provided herein, any payment of the EBITDA Adjustment, together with interest calculated as set forth below, shall (1) be due (x) within five (5) Business Days of acceptance of the EBITDA Adjustment pursuant to clause (b) above, or (y) if there are EBITDA Disputed Items, then within five (5) Business Days of the resolution described in clause (c) above; and (2)
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Payment of EBITDA Adjustment 
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Related to Payment of EBITDA Adjustment

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Operating Expense Limit.

  • Minimum Adjusted EBITDA Borrower shall maintain a minimum trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), as of such test date, of at least the greater of (a) $75,000,000 and (b) an amount equal to 75% of the trailing six-month Adjusted EBITDA minus dividend distributions (other than tax distributions), for the immediately preceding six-month period, tested semi-annually, commencing September 30, 2024, and continuing on each subsequent March 31 and September 30.

  • Performance Adjustment One-twelfth of the annual Performance Adjustment Rate will be applied to the average of the net assets of the Portfolio (computed in the manner set forth in the Fund's Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month and the performance period.

  • Adjusted EBITDA The 2019 adjusted EBITDA for the Affiliated Club Sellers shall total an aggregate of not less than $10,700,000.