Rolling Period Clause Samples
A Rolling Period clause defines a specific timeframe that moves forward continuously, typically used to measure compliance or performance over a set number of days, months, or years immediately preceding a given date. For example, a contract might require that a financial ratio be maintained over a rolling 12-month period, meaning the relevant 12 months shift forward with each new month. This clause ensures that obligations or conditions are assessed on an ongoing basis, rather than being tied to fixed calendar periods, thereby providing a more accurate and up-to-date reflection of performance or compliance.
Rolling Period. 33 Sale-Leaseback Transaction........................................... 96
Rolling Period. Ending In Ratio --------------------------------------------------------------------------------------- June 2000 3.00:1.00 --------------------------------------------------------------------------------------- September 2000 3.00:1.00 --------------------------------------------------------------------------------------- December 2000 3.00:1.00 --------------------------------------------------------------------------------------- March 2001 2.50:1.00 --------------------------------------------------------------------------------------- June 2001 2.50:1.00 --------------------------------------------------------------------------------------- September 2001 2.50:1.00 --------------------------------------------------------------------------------------- December 2001 2.50:1.00 --------------------------------------------------------------------------------------- March 2002 2.50:1.00 --------------------------------------------------------------------------------------- June 2002 2.50:1.00 --------------------------------------------------------------------------------------- September 2002 2.50:1.00 --------------------------------------------------------------------------------------- December 2002 2.50:1.00 --------------------------------------------------------------------------------------- March 2003 2.50:1.00 --------------------------------------------------------------------------------------- June 2003 2.50:1.00 --------------------------------------------------------------------------------------- September 2003 2.50:1.00 --------------------------------------------------------------------------------------- December 2003 2.50:1.00 ---------------------------------------------------------------------------------------
Rolling Period. 25 Schedule......................................................................25
Rolling Period. Ending On Ratio --------- ----- December 31, 1995 6.00:1 March 31, 1996 6.00:1 June 30, 1996 5.75:1 September 30, 1996 5.75:1 December 31, 1996 5.50:1 March 31, 1997 5.50:1 June 30, 1997 5.00:1 September 30, 1997 5.00:1 December 31, 1997 4.50:1 March 31, 1998 4.50:1 June 30, 1998 4.00:1 September 30, 1998 4.00:1 December 31, 1998 and thereafter 3.50:1 provided that in the event that the Borrower or any of its Restricted Subsidiaries shall have acquired a Restricted Subsidiary or sold or otherwise disposed of Restricted Subsidiaries that, at the time of such sale or disposition, were individually, or if taken in the aggregate would have been, a Material Subsidiary during any Rolling Period, the ratio described above shall be calculated on a historical pro forma basis for such Rolling Period as though such Restricted Subsidiary had been acquired, sold or otherwise disposed of on the first day of such Rolling Period.