Fiscal Quarter definition
Examples of Fiscal Quarter in a sentence
As of the last day of each Fiscal Quarter of the Borrower, the Consolidated Secured Recourse Leverage Ratio shall not be greater than 0.10 to 1.00.
As of the last day of each Fiscal Quarter of the Borrower, the Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio to be less than (i) on or prior to the first anniversary of the Closing Date, 1.25 to 1.00, (ii) after the first anniversary of the Closing Date and on or prior to the Covenant Step Up Date, 1.35 to 1.00, and (iii) from and after the Covenant Step Up Date, 1.50 to 1.00.
As of the last day of each Fiscal Quarter of the Borrower ending on or after the Collateral Release Date, the Borrower shall not permit the Consolidated Secured Leverage Ratio to be greater than 0.45 to 1.00.
On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being understood and agreed that this Section 6.15(a) shall not apply earlier than the last day of the first Fiscal Quarter ending after the Restatement Effective Date (and on such date, only to the extent the Revolving Facility Test Condition is then satisfied)), the Borrower shall not permit the Secured Net Leverage Ratio to be greater than 3.10:1.00.
Such Facility Fee shall be payable to Agent in arrears on the first Business Day of each Fiscal Quarter with respect to each day in the previous Fiscal Quarter, and on the last day of the Term with respect to each day in the previous Fiscal Quarter or portion thereof ending on such date, as applicable.