Applicable Measurement Period definition

Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

Applicable Measurement Period means the most recently ended four fiscal quarters immediately preceding the Applicable Calculation Date for which internal financial statements are available.

Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Company immediately preceding the Applicable Calculation Date for which internal financial statements are available.

Examples of Applicable Measurement Period in a sentence

• If any non-cash distributions are made, however, the fair market value of any such non-cash distributions will be determined, and such value will be counted as a “cash distribution” for purposes of calculating the Applicable Measurement Period Appreciation, the D/D Appreciation, the Acceleration Event Appreciation, and, for the avoidance of doubt, Performance Period Distributions and Aggregate Distributions.

• In addition to the Base Salary and RONA Bonus, the Executive shall be entitled to receive at the beginning of each year that this Agreement remains in effect a performance-based long-term incentive award (the “LTI Award”) pursuant to which the Executive can earn up to 50,000 shares of Drew Common Stock (the “LTI Shares”) during each Applicable Measurement Period (as defined herein).

• In addition to the Base Salary and RONA Bonus, the Executive shall be entitled to receive at the beginning of each year that this Agreement remains in effect a performance-based long-term incentive award (the “LTI Award”) pursuant to which the Executive can earn up to 35,000 shares of Drew Common Stock (the “LTI Shares”) during each Applicable Measurement Period (as defined herein).

• Borrower shall, at all times during each Applicable Measurement Period, maintain a ratio of EBIDA to Interest Expense of not less than 2.25 to 1, in each case, as calculated with respect to the full fiscal quarter immediately preceding the first day of such Applicable Measurement Period.

• Borrower shall, at all times during each Applicable Measurement Period, maintain a ratio of Unencumbered Stabilized NOI to Unsecured Interest Expense of not less than 2.0 to 1, in each case, as calculated with respect to the full fiscal quarter immediately preceding the first day of such Applicable Measurement Period.

More Definitions of Applicable Measurement Period

Applicable Measurement Period means, as the context requires, the three year periods (i) from 2012 through 2014, and (ii) from 2013 through 2015, and (iii) from 2014 through 2016.

Applicable Measurement Period in effect at any time means the Issuer’s most recently ended four fiscal quarters immediately preceding the applicable date of determination for which internal financial statements are available (as determined in good faith by the Issuer). For purposes of calculating the “Aggregate Net Availability Debt” test contemplated by clause (10) of the definition of “Permitted Liens”, Section 1011(a)(12) and Section 1012(c), Investments, acquisitions, dispositions, mergers, consolidations and disposed operations (as determined in accordance with GAAP) that have been made by the Issuer or any Subsidiary of the Issuer during the Applicable Measurement Period or subsequent to such Applicable Measurement Period and on or prior to or simultaneously with the applicable date of determination shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions, mergers, consolidations and disposed operations (and the change in any associated Aggregate Net Availability Debt and the change in EBITDA resulting therefrom) had occurred on the first day of the Applicable Measurement Period. If since the beginning of such period any Person that subsequently became a Subsidiary of the Issuer or was merged with or into the Issuer or any Subsidiary of the Issuer since the beginning of such period shall have made any Investment, acquisition, disposition, merger, consolidation or disposed operation that would have required adjustment pursuant to this definition, then the applicable amount shall be calculated giving pro forma effect thereto for such Applicable Measurement Period as if such Investment, acquisition, disposition, merger, consolidation or disposed operation had occurred at the beginning of the Applicable Measurement Period.

Applicable Measurement Period means the period of time since the last day investment credit had been previously allocated on the Participant's Change in Control Cash Account Balance under Section 4.2.

Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of Covenant Parent immediately preceding the Applicable Calculation Date for which internal financial statements are available.

Applicable Measurement Period in effect at any time means the Issuer’s most recently ended four fiscal quarters immediately preceding the applicable date of determination for which internal financial statements are available (as determined in good faith by the Issuer).

Applicable Measurement Period means, with respect to any calculation of the Billed Dilution Reserve or the Unbilled Dilution Reserve (and the applicable Dilution Reserve Ratio with respect thereto), the most recently completed twelve-month period, or, at the option of the Administrative Agent in its Permitted Discretion, any lesser period of between one and twelve months.

Applicable Measurement Period with respect to any date prior to the first anniversary of the Closing Date, the period commencing on the Closing Date and ending on such date, and with respect to any date on or after the first anniversary of the Closing Date, the period of twelve (12) consecutive months ended on such date.