Fiscal Quarter Increase definition

Fiscal Quarter Increase means, as to any Fiscal Quarter, the sum of (a) the greater of (i) an amount equal to twenty-five percent (25%) of the Parent’s Consolidated net, after tax earnings (determined in accordance with GAAP) for such Fiscal Quarter and (ii) zero dollars ($0) and (b) an amount equal to twenty-five percent (25%) of Net Available Proceeds received by the Parent or any of its Subsidiaries in such Fiscal Quarter.
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Fiscal Quarter Increase means, as to any Fiscal Quarter, the greater of (a) an amount equal to 30% of the Borrower’s Consolidated net, after tax earnings (determined in accordance with GAAP) for such Fiscal Quarter and (b) zero dollars ($0).
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Fiscal Quarter Increase means, as to any Fiscal Quarter, the sum of (a) the greater of (i) an amount equal to 37.50% of the Parent’s Consolidated net, after tax earnings (determined in accordance with GAAP) for such Fiscal Quarter and (ii) zero dollars ($0) and (b) an amount equal to 37.50% of Net Available Proceeds received by the Parent or any of its Subsidiaries in such Fiscal Quarter.
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Examples of Fiscal Quarter Increase in a sentence

  • The Borrowers shall not permit Consolidated Net Worth (a) as of the end of the Fiscal Quarter ending December 31, 2016, to be less than $350,000,000 and (b) as of the end of any Fiscal Quarter thereafter, to be less than an amount equal to (i) the Minimum Net Worth for the immediately preceding Fiscal Quarter, plus (ii) the Fiscal Quarter Increase for such immediately preceding Fiscal Quarter.

  • The Borrower shall not permit its Consolidated Net Worth (i) as of the end of the Fiscal Quarter ending June 30, 2007, to be less than $688,160,000 and (ii) as of the end of any Fiscal Quarter thereafter, to be less than an amount equal to (a) the Fiscal Quarter Increase for the immediately preceding Fiscal Quarter, plus (b) the Minimum Net Worth for such immediately preceding Fiscal Quarter.

  • The Borrowers shall not permit Consolidated Net Worth (a) as of the end of the Fiscal Quarter ending September 30, 2019, to be less than $335,028,000 and (b) as of the end of any Fiscal Quarter thereafter, to be less than an amount equal to (i) the Minimum Net Worth for the immediately preceding Fiscal Quarter, plus (ii) the Fiscal Quarter Increase for such immediately preceding Fiscal Quarter.

  • The Borrower shall not permit its Consolidated Net Worth (a) as of the end of the Fiscal Quarter ending September 30, 2006, to be less than $484,278,000 and (b) as of the end of any Fiscal Quarter thereafter, to be less than an amount equal to (i) the Fiscal Quarter Increase for the immediately preceding Fiscal Quarter, plus (ii) the Minimum Net Worth for such immediately preceding Fiscal Quarter.

  • Imparting higher training to skilled and technical persons through training institutes.

  • The Borrower shall not permit its Consolidated Net Worth (a) as of the end of the Fiscal Quarter ending December 31, 2011, to be less than $582,638,000 and (b) as of the end of any Fiscal Quarter thereafter, to be less than an amount equal to (i) the Minimum Net Worth for the immediately preceding Fiscal Quarter, plus (ii) the Fiscal Quarter Increase for such immediately preceding Fiscal Quarter.

  • The Borrower will not permit Consolidated Net Worth (a) as of the end of the Fiscal Quarter ending March 31, 2020, to be less than $345,000,000 and (b) as of the end of any Fiscal Quarter thereafter, to be less than an amount equal to (i) the Minimum Net Worth for the immediately preceding Fiscal Quarter, plus (ii) the Fiscal Quarter Increase for such immediately preceding Fiscal Quarter.

  • The Borrower shall not permit its Consolidated Net Worth (i) as of the end of the Fiscal Year ending December 31, 2005, to be less than $588,400,000 and (ii) as of the end of any Fiscal Quarter thereafter, to be less than an amount equal to (a) the Fiscal Quarter Increase for the immediately preceding Fiscal Quarter, plus (b) the Minimum Net Worth for such immediately preceding Fiscal Quarter.

  • Dr. Portela is from Winterville and is the County EMS medical direction for Pitt County.

  • The Borrower shall not permit its Consolidated Net Worth (a) as of the end of the Fiscal Quarter ending December 31, 2008, to be less than $720,619,575, (b) as of the end of the Fiscal Quarter ending March 31, 2009, to be less than $675,000,000 and (c) as of the end of any Fiscal Quarter thereafter, to be less than an amount equal to (i) the Minimum Net Worth for the immediately preceding Fiscal Quarter, plus (ii) the Fiscal Quarter Increase for such immediately preceding Fiscal Quarter.

Related to Fiscal Quarter Increase

  • Leverage Increase Period has the meaning specified in Section 7.11(a).

  • Fiscal Quarters means the period from January 1 to March 31, April 1 to June 30, July 1 to September 30 and October 1 to December 31 of the applicable year.

  • Fiscal Quarter means a fiscal quarter of any Fiscal Year.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Test Period means, at any time, the four consecutive fiscal quarters of Borrower then last ended (in each case taken as one accounting period) for which financial statements have been or are required to be delivered pursuant to Section 5.01(a) or (b).

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • Available Increase Amount means, as of any date of determination, an amount equal to the result of (a) $50,000,000, minus (b) the aggregate principal amount of Increases to the Revolver Commitments previously made pursuant to Section 2.14 of this Agreement.

  • Consolidated First Lien Net Leverage Ratio means, with respect to any four-quarter period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Quarter Date means each of 31 March, 30 June, 30 September and 31 December.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date (other than Excluded Transaction Debt) less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Consolidated First Lien Leverage Ratio means, as of the date of determination, the ratio of (a) Consolidated Indebtedness as of such date that is secured by first-priority Liens on the Collateral to (b) EBITDA for the most recently ended Test Period, in each case of the Borrower and its Restricted Subsidiaries on a consolidated basis.

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA of the Borrower for such Test Period.

  • Senior Net Leverage Ratio means, as of any date of determination, the ratio of (a) Senior Indebtedness on such date to (b) Consolidated Adjusted EBITDA for the period of four consecutive fiscal quarters of the Borrower ended on or prior to such time (taken as one accounting period) in which financial statements for each quarter or fiscal year in such period have been or were required to be delivered pursuant to Section 5.01(a) or (b) without giving effect to any grace period applicable thereto.

  • Cash Flow Ratio means, as at any date, the ratio of (a) the sum of the aggregate outstanding principal amount of all Indebtedness of the Company and the Restricted Subsidiaries determined on a consolidated basis, but excluding all Interest Swap Obligations entered into by the Company or any Restricted Subsidiary and one of the Banks outstanding on such date, plus (but without duplication of Indebtedness supported by letters of credit) the aggregate undrawn face amount of all letters of credit outstanding on such date to (b) Annualized Operating Cash Flow determined as at the last day of the most recent month for which financial information is available.

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Consolidated Secured Net Leverage Ratio means, with respect to any four-quarter period, the ratio of (a) Consolidated Secured Net Debt as of the last day of such period to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.