Fiscal Quarter definition
Examples of Fiscal Quarter in a sentence
The consolidated financial statements of WPM for the most recently completed Fiscal Quarter or Fiscal Year, as the case may be, were prepared in accordance with GAAP and no Material Adverse Change has occurred in the condition, financial or otherwise, of WPM since the date of such financial statements.
For the purpose of determining the Applicable Rate, WPM shall calculate the Leverage Ratio as at the last day of each Fiscal Quarter.
WPM shall maintain the Capitalization Ratio (measured as at the end of each Fiscal Quarter) to be less than or equal to 0.60:1.
The changes in the Applicable Rate shall be effective as of the first day of the applicable Fiscal Quarter, in each case based upon the compliance certificate contemplated under Section 11.1(a)(iii) that has previously been delivered to the Administrative Agent with respect to the second immediately preceding Fiscal Quarter.
These representations and warranties are deemed to be made by each Borrower as of the date of each extension of credit hereunder and as of the last day of each Fiscal Quarter and continuing until this agreement terminates; provided that it is understood and agreed that any breach of this Section 10.1(s) shall not constitute a Default or Event of Default or otherwise result in the failure of any condition precedent to any advance.