Performance Requirement

Performance Requirement. Means the Adjusted EBITDA generated by the Company in accordance with the following schedule, and subject to any Acquisition Projection Adjustments: (i) for the Initial Performance Period, an amount equal to or exceeding $158.2 million; (ii) for the Second Performance Period, an amount equal to or exceeding the Adjusted EBITDA for calendar year 2010 multiplied by 1.1; and (iii) for the Third Performance Period, an amount equal to or exceeding the Adjusted EBITDA for the Second Performance... Period multiplied by 1.1. In the event that the Adjusted EBITDA generated by the Company in any Performance Period is equal to or exceeds the Adjusted EBITDA Target for such Performance Period, then the Performance Requirement shall be deemed immediately satisfied for any and all Performance Periods, irrespective of whether such Performance Periods have expired. View More