Positive EBITDA Clause Samples
The Positive EBITDA clause requires that a company or entity maintain earnings before interest, taxes, depreciation, and amortization (EBITDA) above zero over a specified period. In practice, this means the company must generate enough revenue to cover its operating expenses and non-cash charges, ensuring it is not operating at a loss on a cash flow basis. This clause is often used in loan agreements or investment contracts to provide assurance to lenders or investors that the business remains financially healthy and capable of meeting its obligations, thereby reducing the risk of default or financial distress.
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Positive EBITDA. The Borrower, CCI and the Parent will not permit Consolidated EBITDA for any fiscal quarter ending on or after March 31, 2003 to be negative.
Positive EBITDA. 96 SECTION 6.19. Maximum Secured Debt to Adjusted EBITDA ................... 96 SECTION 6.20. Maximum Total Debt to Annualized EBITDA ................... 96 SECTION 6.21. Minimum Consolidated EBITDA to Cash Interest Expense .................................. 97 SECTION 6.22. Minimum Consolidated EBITDA to Consolidated Fixed Charges ........................ 97 SECTION 6.23. Maximum Capital Expenditures .............................. 97 SECTION 6.24.
Positive EBITDA. For every calendar quarter commencing with the third quarter of 2012 (July 2012 – September 2012), Borrower shall cause a positive EBITDA to be maintained for such quarter.
Positive EBITDA. Evidence to the satisfaction of the Agent that the EBITDA of the business to be acquired in such Eligible Acquisition (based on actual results with Pro Forma Adjustments) for the period of 12 consecutive months most recently preceding the proposed date of such Eligible Acquisition is greater than $1.
Positive EBITDA. Borrower shall at all times cause a positive EBITDA to be maintained.
Positive EBITDA. Beginning on September 30, 2012, and on the last day of each quarter thereafter, the Borrower’s EBITDA must be positive for the immediately prior quarter. “EBITDA” for any period means the net income for that period: (a) plus the following for such period to the extent deducted in calculating such net income, without duplication: (i) interest expense, (ii) all income tax expense; (iii) depreciation and amortization expense; and (iv) non-cash charges constituting intangible impairment charges, equity compensation and fixed asset impairment charges; (b) but, and in all cases, excluding from the calculation of EBITDA: (i) any extraordinary items (as determined in accordance with GAAP); and (ii) one-time or non-recurring gains or losses associated with the sale or disposition of any business, asset, contract or lease.
Positive EBITDA. Commencing with the fourth fiscal quarter of 2013, Borrower shall at all times cause a positive EBITDA to be maintained.
Positive EBITDA. Without limiting the provisions of Section 9.12 and only so long as Phase II shall not have theretofore occurred, the Borrower shall fail to have positive Consolidated EBITDA for either its fiscal quarter ending March 31, 2003 or June 30, 2003; or
Positive EBITDA. A minimum EBITDA for Borrower of $0.00 for the immediately preceding two fiscal quarters of Borrower, to be measured at the end of each fiscal quarter on a rolling two quarter basis. Compliance with financial covenants b and c above will be measured at the end of each fiscal quarter on a rolling four quarter basis. Unless otherwise expressly provided in this Agreement, if the Borrower comprises a parent corporation and its subsidiaries, the covenants herein relating to the financial condition of the Borrower refer to the financial condition of the parent corporation and those subsidiaries stated on a consolidated basis.
Positive EBITDA. Commencing at end of the first calendar quarter of 2015, Borrower shall at all times cause a positive EBITDA to be maintained.