11.02Administrative Agent’s Office; Certain Addresses for Notices

Adjusted EBITDA. As of the last day of each three-month period starting with the three-month period ending April 30, 2023, the Company and its consolidated Subsidiaries shall have Adjusted EBITDA of not less than $1.00 for the three-month period ending on such day.

Adjusted EBITDA. Not permit Adjusted EBITDA of the Borrower as of the of last day of each Fiscal Quarter to be less than the amount of set forth below for the period ending on such date:

EBITDA. The Loan Parties shall not permit [[Identifier]] for the Computation Periods ending December 30, 2018 and March 31, 2019 to be less than $23,000,000.

Minimum EBITDA. EBITDA for the most recently ended 12 month period for which Agent has received financial statements of GLDD shall be at least ​.

EBITDA. The Loan Parties shall not permit [[Identifier]] for any Computation Period set forth below to be less than the applicable amount forth below for such Computation Period:

Minimum EBITDA. A new [Section 6.5(c)] shall be added to the Credit Agreement as follows:

EBITDA Cure. For purposes of determining whether an Event of Default has occurred under any financial covenant set forth in [Section 6.8(b)] and [Section 6.8(d)] (the “Specified EBITDA Financial Covenants”), at the irrevocable written election of Company (which election shall constitute a commitment to satisfy the requirements of this [Section 8.2.1]) given within 30 days after the end of the relevant Fiscal Quarter, the Net Equity Proceeds of any Qualified Stock that are contributed or otherwise paid as equity capital to Company after the last day of such Fiscal Quarter and on or prior to the day that is ten days after the date of such notice of written election (the “Specified EBITDA Cure Period”) will be deemed to have increased Consolidated Adjusted EBITDA (after giving effect to any annualization or similar adjustments thereto) solely for the purposes of determining compliance with the Specified EBITDA Financial Covenants at the end of such fiscal reporting period (any such equity contribution, a “Specified EBITDA Equity Contribution”); provided that each of the following requirements are satisfied:

Consolidated EBITDA. During the Forbearance Period only, [Section 7.03(b)] of the Financing Agreement shall be amended by deleting “$9,500,000” where it appears opposite “January 31, 2020 and thereafter” and inserting “$6,500,000” in lieu thereof.

Minimum EBITDA. Cause the Borrowers on a Consolidated Basis to maintain EBITDA of not less than the amounts set forth below for the corresponding fiscal quarter then ending, in each case measured on a trailing twelve month basis: