Fiscal Months definition
Examples of Fiscal Months in a sentence
If at any time a Financial Covenant Trigger Event shall occur and be continuing, commencing with the most recent Fiscal Month for which financial statements have been provided in accordance with Section 9.6(b) or (c), as applicable, and as of each subsequent Fiscal Month ending thereafter, the Fixed Charge Coverage Ratio for the 12 Fiscal Months then ending shall equal or exceed 1.00 to 1.00.
Permit a Fiscal Year to end on a day other than as specified for such Fiscal Year in Schedule 1.1E or change the method for determining Fiscal Quarters or Fiscal Months.
All references hereto to months are to Fiscal Months unless otherwise expressly indicated.
Not change its Fiscal Months, Fiscal Quarters or Fiscal Years from what is set forth on Schedule 1.1.
In the event there is a balance in the Reserve Fund at the end of any Fiscal Year, such balance shall be carried over to the next Fiscal Year; provided that the Reserve Fund shall not exceed six percent (6%) of Gross Revenue for the immediately preceding twelve (12) Fiscal Months (the “Reserve Cap”) and Manager shall not deposit or otherwise withhold any amounts in excess of the Reserve Cap for the respective Managed Property’s Reserve Fund.
If Servicer (i) is more than [***] below the target for any Starred SLA in any Fiscal Month, (ii) fails to meet any individual Starred SLA in [***] consecutive Fiscal Months or (iii) fails to meet any Starred SLA [***] Fiscal Month period (including multiple breaches of the same and individual breaches of different Starred SLAs) (each, a “Significant Failure”).
No Permitted Investment shall be made unless at the time of such Permitted Investment and after giving effect thereto, the requirements of this section would be met on a pro forma basis for the trailing twelve Fiscal Months ending on the Fiscal Month end preceding the effective date of any such Permitted Investment.
Notwithstanding the foregoing, the Fixed Charge Coverage Ratio shall not be tested with respect to determining compliance with this Section 11.1(b) for any of the Fiscal Months ending December 31, 2019, January 31, 2020, February 29, 2020, March 31, 2020, April 30, 2020, May 31, 2020 or June 30, 2020.
Change the Fiscal Months, Fiscal Years and Fiscal Quarters as set forth on Schedule C hereto, except as otherwise agreed to in writing by the Agent.
Following receipt of a Monthly Planning Statement as contemplated by Section 3.3, the Purchaser shall deliver to Inotera a written non-binding forecast of the Purchaser’s demand (each, a “Demand Forecast”) for the [***] Fiscal Months (or such other period as may be agreed in writing by the Parties) covered by such Monthly Planning Statement.