Final Quarter Sample Clauses

Final Quarter. During the three-month period immediately preceding the expiration of the Term or any renewal period (hereinafter, the "FINAL QUARTER"), Licensee shall not have on hand an inventory of Licensed Products in excess of the inventory of such Licensed Products in its possession during the three-month period immediately preceding the Final Quarter. The intent of this provision is to facilitate the orderly disposition of Licensee's inventory of Licensed Products upon expiration of this Agreement.
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Final Quarter. During the three-month period immediately preceding the expiration of the Contract Term (if the Agreement is not renewed) or the Renewal Period (hereinafter, the "Final Quarter"), Licensee shall not have on hand (i) an inventory of Licensed Articles in excess of the inventory of such Licensed Articles in its possession during the three-month period immediately preceding the Final Quarter, or (ii) an inventory of uncut piece goods or unfinished Licensed Articles greater than Licensee shall be able to manufacture into finished Licensed Articles and sell in accordance with the terms of this Agreement during the Final Quarter. The intent of this provision is to facilitate the orderly disposition of Licensee's inventory of Licensed Articles upon expiration of this Agreement.
Sample 1

Related to Final Quarter

  • Fiscal Year; Fiscal Quarter The Borrower shall not change its fiscal year or any of its fiscal quarters, without the Administrative Agent’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) each of its fiscal years to end on December 31 of each year and (ii) its fiscal quarters to end on March 31, June 30, September 30 and December 31, respectively, of each year.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • Consolidated Total Net Leverage Ratio Permit the Consolidated Total Net Leverage Ratio on the last day of any fiscal quarter occurring during any period set forth below, to be greater than the ratio set forth below opposite such period: Period Maximum Consolidated Total Net Leverage Ratio Closing Date through and including September 30, 2014 7.25:1.00 December 31, 2014 through and including September 30, 2015 6.75:1.00 December 31, 2015 and thereafter 6.50:1.00

  • CONTRACT YEAR The first Contract Year is the period of time ending on the first contract anniversary. Subsequent Contract Years are the annual periods between contract anniversaries.

  • Calendar Year The term “

  • Total Net Leverage Ratio The Borrower will not permit the Total Net Leverage Ratio as of the end of any Fiscal Quarter to exceed 3.50 to 1.00.

  • Consolidated Leverage Ratio Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower to be greater than 2.50 to 1.0.

  • Consolidated Total Leverage Ratio Permit the Consolidated Total Leverage Ratio as of the last day of any fiscal quarter ending on or after September 30, 2008 to be greater than 3.5 to 1.0.

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