Definition of FCCR Test Period


FCCR Test Period means, for any date of determination under this Agreement, the most recent period of twelve (12) consecutive Fiscal Months of the Lead Borrower and its Subsidiaries ended on or prior to such date.

Examples of FCCR Test Period in a sentence

Upon the occurrence and during the continuation of a FCCR Trigger Event (including, for the avoidance of doubt, on any FCCR Initial Test Date), the Lead Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 as of the last day of the applicable FCCR Test Period.
During any FCCR Test Period, the Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any period of four fiscal quarters ending during such FCCR Test Period, to be less than 1.00 to 1.00.
Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any calendar month during any FCCR Test Period to be less than 1.10 to 1.00.
During any FCCR Test Period, the Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any period of four fiscal quarters ending during such FCCR Test Period, to be less than 1.0 to 1.0.
At any time that a FCCR Trigger Event has occurred and is continuing (including, for the avoidance of doubt, on any FCCR Initial Test Date), the Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio for any FCCR Test Period to be less than 1.00 to 1.00 as of the last day of any Fiscal Quarter.