Backlog Conversions definition
Backlog Conversions means, as of any date, the total net sales made by the Company and its Subsidiaries pursuant to Firm Orders for the four most recently completed fiscal quarters of the Company, calculated on a basis consistent with GAAP and the Company’s historical reporting practices (as reflected in the Company’s most recent Forms 10-Q and 10-K); provided that, to the extent any business, division or assets are divested or disposed of, or acquired, merged, consolidated or amalgamated, in each case, as permitted hereunder, such calculation shall be made after giving pro forma effect to such divestiture, disposition, acquisition, merger, consolidated or amalgamation.