FQE definition
Examples of FQE in a sentence
As measured at the end of each fiscal quarter of Debtor, the Debt of Debtor shall not exceed the Consolidated Tangible Net Worth of Debtor by a ratio of greater than: FYE January 31, 2015 3.00 to 1.00 FQE April 30, 2015 3.00 to 1.00 FQE July 31, 2015 2.75 to 1.00 FQE October 31, 2015 2.75 to 1.00 FYE January 31, 2016 and each Fiscal Quarter thereafter 2.50 to 1.00 If the Debt to Consolidated Tangible Net Worth exceeds the applicable ratio set forth above, this shall constitute an Event of Default.
As measured at the end of each fiscal quarter of Debtor on a trailing twelve (12) month basis, the Consolidated Fixed Coverage Charge Ratio shall exceed: FQE October 31, 2014 and each Fiscal Quarter thereafter 1.25 to 1.00 If the Minimum Consolidated Fixed Charge Coverage Ratio is less than the applicable ratio set forth above, this shall constitute an Event of Default.
Solely for purposes of determining whether a Default exists under Section 6.1, such a contribution shall be given effect as of the Applicable FQE and the amount of such contribution shall be deemed to be additional Gross Revenues of the Borrower for the fiscal quarter ending on the Applicable FQE.
A Default under this Section 6.1 as of the last day of any fiscal quarter of the Borrower upon which such semi-annual compliance is tested (the "Applicable FQE") may be cured through contributions of Qualifying Junior Funding not later than the tenth Business Day following the date on which financial statements for the period ending with the Applicable FQE are required to be delivered.
No contribution will be given effect pursuant to this Section in an amount exceeding the amount necessary to avoid a Default under Section 6.01(c)(ii) at the Applicable FQE, it being understood that this Section does not limit the right of the partners to make equity or Subordinated Debt contributions.
For avoidance of doubt, to the extent EBITDA of the Borrower is deemed increased for a fiscal quarter ending not later than FQE 12/06 by operation of this Section, such increase will be included in the calculation of EBITDA for any subsequent period of four consecutive fiscal quarters which includes such fiscal quarter.
The Actual Leverage Ratio as of the FQE Date is ________________.
The Consolidated financial statements of Borrower for the fiscal year ended on November 2, 2003 and the interim Consolidated financial statements for FQE August 1, 2004, furnished to Agent and the Banks, are true and complete, have been prepared in accordance with GAAP, and fairly present the financial condition of the Companies as of the dates of such financial statements and the results of their operations for the periods then ending.
Yes No Annual financial statement (CPA Audited or Company prepared, as applicable), 10-K + CC Within 5 days after filing with SEC but no later than 90 days after FYE Yes No 10-Q (including financial statements) + CC Within 5 days after filing with SEC but no later than 45 days after FQE Yes No 8-K Within 5 days after filing with SEC Yes No A/R & A/P Agings If there are any Credit Extensions outstanding, monthly within 30 days.
The Consolidated financial statements of Borrower for the fiscal year ended on or about October 31, 2000 and the interim Consolidated financial statements for FQE January 31, 2001, furnished to Agent and the Banks, are true and complete, have been prepared in accordance with GAAP, and fairly present the financial condition of the Companies as of the dates of such financial statements and the results of their operations for the periods then ending.