FQ2 definition

FQ2. “FQ3” and “FQ4” mean, when used with a numerical year designation, the first, second, third or fourth Fiscal Quarters, respectively, of the designated Fiscal Year of any Borrower (e.g., FQ4 2010 means the fourth Fiscal Quarter of a Borrower’s 2010 Fiscal Year, which ends January 30, 2011).

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FQ2. FQ3," and "FQ4": when used with a numerical year designation, means the first, second, third or fourth Fiscal Quarters, respectively, of such Fiscal Year of the Company (e.g., FQ2 2001 means the second fiscal quarter of the Company's 2001 Fiscal Year, which Fiscal Quarter ends July 1, 2001).

FQ2. “FQ3” and “FQ4” mean, when used with a numerical year designation, the first, second, third or fourth Fiscal Quarters, respectively, of the designated Fiscal Year of the Parent (e.g., FQ4 2010 mean the fourth Fiscal Quarter of the Parent’s 2010 Fiscal Year, which ends December 31, 2010).

Examples of FQ2 in a sentence

• The thirteen (13) or fourteen (14) week periods, the first of which shall commence on the first day of each Fiscal Year, and each of which shall be referred to as "FQ1", "FQ2", "FQ3" and "FQ4", respectively.

• As used herein, "FQ1 2xxx" refers to the first Fiscal Quarter of the 2xxx Fiscal Year, "FQ2 2xxx" refers to the second Fiscal Quarter of the 2xxx Fiscal Year and so on.

• Permit the ---------------------------------------- Consolidated Fixed Charge Coverage Ratio for any period of four consecutive fiscal quarters of the Borrower ending on or after the last day of FQ2 2002 to be less than 1.50 to 1.00.

• Permit Adjusted Consolidated EBITDA for any fiscal quarter set forth below to be less than the amount set forth below opposite such fiscal quarter: FQ4 2003 $19,000,000 FQ1 2004 $19,000,000 FQ2 2004 $19,000,000 FQ3 2004 $20,000,000 FQ4 2004 $20,000,000”.

• With respect to any Fiscal Year, the periods November 1 through the following January 31 ("FQ1"), February 1 though the following April 30 ("FQ2"), May 1 though the following July 31 ("FQ3"), and August 1 though the following October 31 ("FQ4").

• Permit Consolidated Net Worth at any time to be less than $120,000,000 plus 50% of Consolidated Net Income for each fiscal quarter for which Consolidated Net Income is a positive number commencing with FQ2 2003.

• The Borrower will not permit Consolidated Net Worth to be less than (a) $75,000,000 measured at the end of FQ1, FQ2 and FQ3 2004, (b) $100,000,000 plus 25% of Fiscal Year 2004 positive Consolidated Net Income at the end of FQ4 2004 and (c) thereafter, measured quarterly, the sum of the amount of clause (b) plus on a cumulative basis, 25% of positive Consolidated Net Income for each Fiscal Quarter then ended beginning with FQ1 2005.

• Permit the Consolidated Leverage Ratio as at the last day of any period of four consecutive fiscal quarters of the Borrower ending on the last day of any fiscal quarter set forth below, or as at any day prior to the last day of the succeeding fiscal quarter, to exceed the ratio set forth below opposite such fiscal quarter: FQ4 2003 2.35 to 1.00 FQ1 2004 2.50 to 1.00 FQ2 2004 2.50 to 1.00 FQ3 2004 2.50 to 1.00 FQ4 2004 2.50 to 1.00 FQ1 2005 and thereafter 1.50 to 1.00”.

• Permit the Consolidated ------------------------------------ Interest Coverage Ratio for any period of four consecutive fiscal quarters of the Borrower ending on or after the last day of FQ2 2002 to be less than 4.00 to 1.00.

• Required Beginning Amount of Consolidated Net Worth $205,000,000 Plus: 50% of positive Consolidated Net Income for each FQ (no deduction for deficits) FQ1 of 1999 FY $___________ FQ2 of 1999 FY $___________ FQ1 of 1999 FY $___________ FQ4 of 1999 FY $___________ FQ1 of 2000 FY $___________ FQ2 of 2000 FY $___________ FQ1 of 2000 FY $___________ FQ4 of 2000 FY $___________ etc.

More Definitions of FQ2

FQ2. “FQ3”, and “FQ4”: when used with a numerical year designation, means the first, second, third or fourth fiscal quarters, respectively, of the designated fiscal year of Holdings. (e.g., FQ4 2007 means the fourth fiscal quarter of Holdings’ 2007 fiscal year, which ends December 31, 2007).

FQ2 means, with respect to any fiscal year of the Borrowers, the second fiscal quarter of such fiscal year.

FQ2. , "FQ3", and "FQ4": when used with a numerical year designation, means the first, second, third or fourth fiscal quarters, respectively, of such fiscal year of the Company (e.g., FQ2 2000 means the second fiscal quarter of the Company's 2000 fiscal year, which fiscal quarter ends June 30, 2000).