Minimum EBITDA. Section 9.23(c) of the Loan Agreement is hereby deleted in its entirety and replaced with the following:
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: Applicable Period Applicable Amount For the 12 month periods ending August 31, 2005 and September 30, 2005 $ 44,000,000 For the 12 month period ending each month thereafter $ 45,000,000
Minimum EBITDA. Holdings and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Quarter set forth below, Minimum EBITDA for the 12-Fiscal Month period then ended calculated of not less than the following: Period Minimum EBITDA September 30, 2007 $ 12,500,000 December 31, 2007 $ 12,750,000 March 31, 2008 $ 13,250,000 June 30, 2008 $ 13,250,000 September 30, 2008 $ 13,500,000 December 31, 2008 $ 13,500,000 March 31, 2009 $ 14,000,000 June 30, 2009 $ 14,000,000 September 30, 2009 $ 14,500,000 December 31, 2009 $ 14,750,000 March 31, 2010 $ 14,750,000 June 30, 2010 $ 14,750,000 September 30, 2010 $ 15,000,000 December 31, 2010 $ 15,000,000 March 31, 2011 and each Fiscal Quarter ending thereafter $ 15,250,000
Minimum EBITDA. Borrower and its Subsidiaries on a consolidated basis shall have, at the end of each Fiscal Month set forth below, EBITDA for the 12- month period then ended of not less than the following: $33,000,000 for the Fiscal Months ending on January 31, 2006 through March 31, 2006; $33,000,000 for the Fiscal Months ending on April 30, 2006 through June 30, 2006; $34,000,000 for the Fiscal Months ending on July 31, 2006 through September 30, 2006; $34,000,000 for the Fiscal Months ending on October 30, 2006 through December 31, 2006; and $35,000,000 for each Fiscal Months ending thereafter.
Minimum EBITDA. As of the end of each of its fiscal quarters beginning with the quarter ended June 30, 2008, the Borrower shall maintain minimum EBITDA of not less than the following: (i) $7,500,000 for the six months ended June 30, 2008, (ii) $12,500,000 for the nine months ended September 30, 2008, and (iii) $16,500,000 for the twelve months ended December 31, 2008 and for each trailing twelve month period thereafter to be tested at each fiscal quarter end.”
Minimum EBITDA. Borrower and its Subsidiaries on a consolidated basis -------------- shall have, at the end of each Fiscal Quarter set forth below, EBITDA for the 12-month period then ended of not less than the following: $62,250,000 for the Fiscal Quarter ending on or about August 31, 2002; $63,250,000 for the Fiscal Quarter ending on or about November 30, 2002; $63,250,000 for the Fiscal Quarter ending on or about February 28, 2003; $64,250,000 for the Fiscal Quarter ending on or about May 31, 2003; $64,250,000 for the Fiscal Quarter ending on or about August 31, 2003; $65,250,000 for the Fiscal Quarter ending on or about November 30, 2003; $65,250,000 for the Fiscal Quarter ending on or about February 28, 2004; $66,250,000 for the Fiscal Quarter ending on or about May 31, 2004; $66,250,000 for the Fiscal Quarter ending on or about August 31, 2004; $67,500,000 for the Fiscal Quarter ending on or about November 30, 2004; $67,500,000 for the Fiscal Quarter ending on or about February 28, 2005; $68,500,000 for the Fiscal Quarter ending on or about May 31, 2005; $68,500,000 for the Fiscal Quarter ending on or about August 31, 2005; $69,500,000 for the Fiscal Quarter ending on or about November 30, 2005; $69,500,000 for the Fiscal Quarter ending on or about February 28, 2006; $70,750,000 for the Fiscal Quarter ending on or about May 31, 2006; $70,750,000 for the Fiscal Quarter ending on or about August 31, 2006; and $71,750,000 for each Fiscal Quarter ending thereafter.
Minimum EBITDA. Section 6.16 of the Credit Agreement is amended to read in its entirety as follows:
Minimum EBITDA. The amount equal to (i) EBITDA for the period of four fiscal quarters ending during any period set forth below plus (ii) ADP Interest Expense for such period minus (iii) gains for such period attributable to Dark Fiber and Capacity Dispositions plus (iv) Dark Fiber and Capacity Proceeds for such period shall not be less than the amount set forth below opposite such period: PERIOD AMOUNT ------ ------ January 1, 2001-March 31, 2001 $200,000,000 April 1, 2001-June 30, 2001 $300,000,000 July 1, 2001-September 30, 2001 $350,000,000 October 1, 2001-December 31, 2001 $350,000,000
Minimum EBITDA. If any Financial Covenant Period has commenced and is continuing, achieve EBITDA as of the end of the applicable period ended immediately preceding the date on which any such Financial Covenant Period commenced and as of the end of each applicable period ended during such Financial Covenant Period, of at least the required amount set forth in the following table for the applicable period set forth opposite thereto: Applicable Amount Applicable Period ($11,800,000) For the 3 month period ending September 30, 2010 ($25,400,000) For the 6 month period ending December 31, 2010 ($38,500,000) For the 9 month period ending March 31, 2011 ($42,625,000) For the 12 month period ending June 30, 2011 ($27,619,000) For the 12 month period ending September 30, 2011 ($19,183,000) For the 12 month period ending December 31, 2011 ($5,877,000) For the 12 month period ending March 31, 2012 $10,389,000 For the 12 month period ending June 30, 2012 $24,229,000 For the 12 month period ending September 30, 2012 $39,760,000 For the 12 month period ending December 31, 2012 $50,080,000 For the 12 month period ending March 31, 2013 $57,120,000 For the 12 month period ending June 30, 2013 $62,240,000 For the 12 month period ending September 30, 2013 $64,800,000 For the 12 month period ending December 31, 2013 and for each 12 month period ended at the end of a fiscal quarter thereafter
Minimum EBITDA. Borrower and its Subsidiaries shall have on a consolidated basis for each Fiscal Quarter set forth below an EBITDA for the Rolling Period then ended of not less than the following: Fiscal Quarter Minimum EBITDA Fiscal Quarter ending $8,000,000 September 30, 2001 Fiscal Quarter ending $6,000,000 December 31, 2001 Fiscal Quarter ending -$17,000,000 March 31, 2002 Fiscal Quarter ending $15,000,000 June 30, 2002 Fiscal Quarter ending $53,000,000 September 30, 2002 Fiscal Quarter ending $80,000,000 December 31, 2002 and for each Fiscal Quarter thereafter
