Minimum EBITDA

Minimum EBITDA. EBITDA, measured on a month-end basis, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: Period Amount - ---------------------------------------- ------------ 3 month period ending on January 31, 2004 $2,200,000 6 month period ending on April... 30, 2004 ($1,800,000) 9 month period ending on July 31, 2004 $1,800,000 12 month period ending on October 31, 2004 $5,000,000 12 month period ending January 31, 2005 $5,250,000 12 month period ending April 30, 2005 $13,500,000 12 month period ending each fiscal quarter thereafter 80% of EBITDA for such 12-month period, as reflected on the most recent Projections delivered to Agent pursuant to Section 6.3(c), but not less than $13,500,000 Notwithstanding the foregoing, if Agent and the Companies cannot agree on appropriate EBITDA covenant levels based upon the Projections for any fiscal year, or if the Projections delivered to Agent for any fiscal year are not reasonably satisfactory to Agent in form and substance in terms of projected amounts and assumptions, quarterly EBITDA covenant levels contained in this clause (i) of Section 7 .18( a) for each 12-month period beginning with the 12-month period ending on July 31, 2005 shall be determined by Agent in its reasonable discretion, provided, however, that such 12-month EBITDA covenant levels shall not be less than $13,500,000. View More

Minimum EBITDA. EBITDA, measured on a fiscal quarter-end basis, of not less than the required amount set forth in the following table for the applicable period set forth opposite thereto; Applicable Covenant Amount (Old) Applicable Covenant Amount (New) Applicable Period $ (1,500,000) $ (3,500,000 ) For the 12 month period ending March 31, 2003 $ ... 1,200,000 $ (1,900,000 ) For the 12 month period ending June 30, 2003 $ 2,500,000 $ (750,000 ) For the 12 month period ending September 30, 2003 $ 2,500,000 $ 300,000 For the 12 month period ending December 31, 2003 $ 2,500,000 $ 2,450,000 For the 12 month period ending each fiscal quarter and thereafter View More

Minimum EBITDA. Tested on a quarterly basis beginning with the fiscal quarter ending February 28, 2007, Meade and its consolidated Subsidiaries shall have positive EBITDA on rolling four quarter basis.

Minimum EBITDA. With respect to a specified fiscal year within the Performance Period, the minimum amount of Adjusted EBITDA at which Tranche 2 Shares will begin to vest, which shall be an amount of Adjusted EBITDA calculated as a percentage of the then Maximum EBITDA as set forth below: Fiscal Year Minimum EBITDA Dollar Amount (in millions) 2006 98% of Maximum EBITDA $ 212.975 2007 95% of Maximum EBITDA $ 235.019 2008 95% of Maximum EBITDA $ 265.316 2009 95% of Maximum EBITDA $ 298.739 2010 95% of Maximum... EBITDA $ 335.179 View More