Four Fiscal Quarters Ending definition

Four Fiscal Quarters Ending. Maximum Consolidated Leverage Ratio: December 31, 2010 - December 31, 2011 4.00 to 1.00 March 31, 2012 - December 31, 2012 3.65 to 1.00 March 31, 2013 - June 30, 2013 3.20 to 1.00 September 30, 2013 - December 31, 2013 2.75 to 1.00 March 31, 2014 and thereafter 2.50 to 1.00
Sample 1Sample 2
Four Fiscal Quarters Ending. On or About Ratio October 31, 1997 1.2 January 31, 1998 1.3 April 30, 1998 1.3 July 31, 1998 1.3 October 31, 1998 1.3 January 31, 1999 and each Fiscal 1.5 Quarter thereafter
Sample 1Sample 2
Four Fiscal Quarters Ending. Minimum Consolidated Interest Coverage Ratio March 31, 2003 . . . . . . . 2.25:1.0 June 30, 2003. . . . . . . . 2.25:1.0 September 30, 2003 . . . . . 2.25:1.0 December 31, 2003. . . . . . 2.25:1.0 March 31, 2004 . . . . . . . 2.50:1.0 June 30, 2004. . . . . . . . 2.50:1.0 September 30, 2004 . . . . . 2.50:1.0 December 31, 2004. . . . . . 2.50:1.0 March 31, 2005 . . . . . . . 2.75:1.0 June 30, 2005. . . . . . . . 2.75:1.0 September 30, 2005 . . . . . 2.75:1.0 December 31, 2005. . . . . . 2.75:1.0 March 31, 2006 . . . . . . . 3.00:1.0 June 30, 2006. . . . . . . . 3.00:1.0
Sample 1

Examples of Four Fiscal Quarters Ending in a sentence

  • Section 7.11 is amended by amending and restating the table in subsection (a) thereof in its entirety as follows: Minimum Consolidated Interest Coverage Four Fiscal Quarters Ending Ratio Closing Date through December 31, 2005 1.8:1.0 March 31, 2006 through December 31, 2006 1.5:1.0 March 31, 2007 through September 30, 2007 1.8:1.0 December 31, 2007 and each Fiscal Quarter thereafter 2.0:1.0 Section 4.

  • The Company shall not permit EBITDA, as of the last day of any fiscal quarter for the four-fiscal quarter period ending on such day, to be less than the amount set forth below opposite such fiscal quarter: Four Fiscal Quarters Ending Minimum EBITDA December 31, 2017 $ 550,000,000 March 31, 2018 $ 500,000,000 June 30, 2018 $ 500,000,000 September 30, 2018 $ 550,000,000 December 31, 2018 and each fiscal quarter thereafter $ 575,000,000 7.19 Sanctions .

  • The Company shall not permit EBITDA, as of the last day of any fiscal quarter for the four-fiscal quarter period ending on such day, to be less than the amount set forth below opposite such fiscal quarter: Four Fiscal Quarters Ending Minimum EBITDA December 31, 2017 $550,000,000 March 31, 2018 $500,000,000 June 30, 2018 $500,000,000 September 30, 2018 $550,000,000 December 31, 2018 and each fiscal quarter thereafter $575,000,000 7.19 Sanctions .

  • Four Fiscal Quarters Ending March 31, 2007 and each June 30, September 30, December 31 and March 31 thereafter 1.10 to 1 The foregoing notwithstanding, Agent, Borrowers and Lenders agree that this financial covenant (Fixed Charge Coverage Ratio) shall not be measured until Borrowers have delivered to Agent financial statements for the period ending March 31, 2007 in compliance with subsection 7.1.3(ii) of the Loan Agreement.

  • Four Fiscal Quarters Ending Minimum EBITDA December 31, 2017 $ 550,000,000 March 31, 2018 $ 500,000,000 June 30, 2018 $ 500,000,000 September 30, 2018 $ 550,000,000 December 31, 2018 and each fiscal quarter thereafter $ 575,000,000 7.19 Sanctions.

  • The Parent Guarantor shall not permit EBITDA for each period of four consecutive fiscal quarters specified below to be less than the amount specified opposite such period below: Four Fiscal Quarters Ending Minimum EBITDA December 31, 2017 $ 550,000,000 March 31, 2018 $ 500,000,000 June 30, 2018 $ 500,000,000 September 30, 2018 $ 550,000,000 December 31, 2018 and the last day of each fiscal quarter ending thereafter $ 575,000,000 13 (j) Section 10.22 ( Minimum Availability ) .

  • Permit the Consolidated Revenue Leverage Ratio as of the last day of a period set forth below to be greater than the ratio set forth opposite such period below: Four Fiscal Quarters Ending Ratio June 30, 2018 0.53 to 1.00 September 30, 2018 0.49 to 1.00 December 31.

  • Permit the Fixed Charge Coverage Ratio for any Measurement Period set forth below to be less than the ratio set forth below opposite such period: Four Fiscal Quarters Ending Minimum Fixed Charge Coverage Ratio Amendment No. 2 Effective Date through January 23, 2009 1.15:1.00 May 1, 2009 and thereafter 1.20:1.00 (aa) Section 11.01(a) is hereby amended by adding the words “and the Additional Fee Letter” after the words “Fee Letter” in clause (v) of the second proviso thereto.

  • Permit the Consolidated Leverage Ratio as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such period: Four Fiscal Quarters Ending 2.30 Section 7.11 of the Credit Agreement is hereby amended to insert at the end thereof the following new clauses (c) ,(d) and (e) : (c) Consolidated Liquidity .

  • Permit the Consolidated Leverage Ratio at any time to be greater than the ratios set forth below opposite such period: Four Fiscal Quarters Ending Maximum Consolidated Leverage Ratio September 30, 2012 through and including the fiscal quarter ending September 30, 2013 3.25 to 1.00 December 31, 2013 and each fiscal quarter thereafter 3.00 to 1.00 ; provided that during any Collateral Release Period, the Company shall not permit the Consolidated Leverage Ratio at any time to be greater than 2.50 to 1.00.


More Definitions of Four Fiscal Quarters Ending

Four Fiscal Quarters Ending. Closest To Amount January 31, 1998 1.60 April 30, 1998 1.60."
Sample 1
Four Fiscal Quarters Ending. Maximum Consolidated Senior Leverage Ratio December 31, 2008 3.81 to 1.00 March 31, 2009 4.79 to 1.00 June 30, 2009 5.19 to 1.00 September 30, 2009 4.86 to 1.00 December 31, 2009 4.26 to 1.00 March 31, 2010 through December 31, 2010 3.00 to 1.00 March 31, 2011 through December 31, 2011 2.50 to 1.00 March 31, 2012 through December 31, 2013 2.25 to 1.00 ”
Sample 1
Four Fiscal Quarters Ending. Minimum Consolidated Fixed Charge Coverage Ratio December 31, 2008 1.15 to 1.00 March 31, 2009 1.10 to 1.00 June 30, 2009 1.04 to 1.00 September 30, 2009 1.00 to 1.00 December 31, 2009 1.00 to 1.00 March 31, 2010 through December 31, 2013 1.10 to 1.00 ”
Sample 1
Four Fiscal Quarters Ending. On or About Amount ------------------ ------ October 31, 1997 $2,700,000 January 31, 1998 $2,700,000 April 30, 1998 $2,700,000 July 31, 1998 $2,700,000 October 31, 1998 $2,700,000 January 31, 1999 $2,800,000 April 30, 1999 $2,800,000 July 31, 1999 $2,800,000 October 31, 1999 $2,800,000 January 31, 2000 $3,000,000 April 30, 2000 $3,000,000 July 31, 2000 $3,000,000 October 31, 2000 $3,000,000 January 31, 2001 $3,200,000 April 30, 2001 $3,200,000 July 31, 2001 $3,200,000 October 31, 2001 $3,200,000 January 31, 2002 and each Fiscal $3,400,000 Quarter thereafter
Sample 1

Related to Four Fiscal Quarters Ending

  • 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.

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

  • 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).

  • 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:

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

  • Consolidated Senior Leverage Ratio means the ratio of Consolidated Senior Debt, determined as of the last day of any fiscal quarter of the Company, to Consolidated EBITDA for the period of 12 months ending on such last day.

  • EBITDAX means, for any period, the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted from Consolidated Net Income in such period: interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar noncash charges, minus all noncash income added to Consolidated Net Income.

  • 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 Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Fiscal Month means any of the monthly accounting periods of Borrower.

  • 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.

  • 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 Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the period of the four fiscal quarters most recently ended.

  • 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.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness on such date to (b) Consolidated EBITDA for the period of four (4) consecutive fiscal quarters ending on or immediately prior to such date.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Consolidated EBITR means, for the Borrower and its Subsidiaries for any period, an amount equal to the sum of (i) Consolidated Net Income for such period, plus (ii) to the extent deducted in determining the Consolidated Net Income for such period (x) Consolidated Interest Expense, (y) income tax expense, and (z) Consolidated Rent Expense, in each case determined on a consolidated basis in accordance with GAAP.

  • 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:

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Four Quarter Period means a period of four full consecutive fiscal quarters of the Borrower and its Subsidiaries, taken together as one accounting period.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period:

  • 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.

  • Consolidated Fixed Charge Coverage Ratio means, with respect to any Person, the ratio of Consolidated EBITDA of such Person during the four full fiscal quarters (the “Four-Quarter Period”) ending prior to the date of the transaction giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio for which internal financial statements are available (the “Transaction Date”) to Consolidated Fixed Charges of such Person for the Four-Quarter Period. In addition to, and without limitation of, the foregoing, for purposes of this definition, “Consolidated EBITDA” and “Consolidated Fixed Charges” shall be calculated after giving effect on a pro forma basis for the period of such calculation to (i) the incurrence or repayment of any Indebtedness or the issuance of any Designated Preferred Stock of such Person or any of its Restricted Subsidiaries (and the application of the proceeds thereof) giving rise to the need to make such calculation and any incurrence or repayment of other Indebtedness or the issuance or redemption of other Preferred Stock (and the application of the proceeds thereof), other than the incurrence or repayment of Indebtedness in the ordinary course of business for working capital purposes pursuant to revolving credit facilities, occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction Date, as if such incurrence or repayment or issuance or redemption, as the case may be (and the application of the proceeds thereof), had occurred on the first day of the Four-Quarter Period; and (ii) any Asset Sales or other dispositions or Asset Acquisitions (including any Asset Acquisition giving rise to the need to make such calculation as a result of such Person or one of its Restricted Subsidiaries (including any Person who becomes a Restricted Subsidiary as a result of the Asset Acquisition) incurring, assuming or otherwise being liable for Acquired Indebtedness and also including any Consolidated EBITDA attributable to the assets which are the subject of the Asset Acquisition or Asset Sale or other disposition and without regard to clause (vi) of the definition of Consolidated Net Income), investments, mergers, consolidations and disposed operations (as determined in accordance with GAAP) occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction Date, as if such Asset Sale or other disposition or Asset Acquisition (including the incurrence or assumption of any such Acquired Indebtedness), investment, merger, consolidation or disposed operation, occurred on the first day of the Four-Quarter Period. If such Person or any of its Restricted Subsidiaries directly or indirectly guarantees Indebtedness of a third Person, the preceding sentence shall give effect to the incurrence of such guaranteed Indebtedness as if such Person or any Restricted Subsidiary of such Person had directly incurred or otherwise assumed such other Indebtedness that was so guaranteed.