Common use of fiscal quarters Clause in Contracts

fiscal quarters. If Borrower should fail to deliver in a timely manner a certificate required under Section 5.02(a)(vi) hereof, then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Consolidated Total Debt as of the end of the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).

Appears in 3 contracts

Samples: Loan Agreement by And (Superior Energy Services Inc), Loan Agreement by And (Superior Energy Services Inc), Loan Agreement (Superior Energy Services Inc)

AutoNDA by SimpleDocs

fiscal quarters. If Borrower should fail to deliver in a timely manner a the certificate required under by Section 5.02(a)(vi8.1(a)(vi) hereofhereof within the time period set forth in Section 8.1(a)(vi), then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Consolidated Total Debt as of the end of the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 4.25 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).

Appears in 1 contract

Samples: Revolving Credit Agreement (Halter Marine Group Inc)

fiscal quarters. If Borrower should fail to deliver in a timely manner a the certificate required under by Section 5.02(a)(vi8.1(a)(vi) hereofhereof within the time period set forth in Section 8.1(a)(vi), then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Consolidated Total Debt as of the end of the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 2.0 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).

Appears in 1 contract

Samples: Revolving Credit Agreement (Superior Energy Services Inc)

fiscal quarters. If Borrower should fail to deliver in a timely manner a certificate required under Section 5.02(a)(vi8.1(a)(vi) hereof, then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Average Consolidated Total Debt as of the end of for the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 2.0 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).

Appears in 1 contract

Samples: Revolving Credit Agreement (Halter Marine Group Inc)

AutoNDA by SimpleDocs

fiscal quarters. If Borrower should fail to deliver in a timely manner a the certificate required under by Section 5.02(a)(vi8.1(a)(vii) hereofhereof within the time period set forth in Section 8.1(a)(vii), then, until Borrower shall have provided such certificate, it shall be presumed that the ratio of Consolidated Total Debt as of the end of the immediately preceding fiscal quarter to Consolidated EBITDA for the immediately preceding four (4) fiscal quarters was greater than 3 6.00 (and, from the date of the delivery of such certificate, the Applicable Margin shall be determined by reference to such certificate).

Appears in 1 contract

Samples: Revolving Credit Agreement (Halter Marine Group Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.