FQED definition
Examples of FQED in a sentence
In the event that the Letter of Credit Rate cannot be determined at any time because the Borrower's financial statements for the immediately preceding fiscal quarter are not available at such time, the L/C Fee shall be presumed to be the same as the L/C Fee as of the last FQED for which the Borrower's financial statements were available.
In the event the Applicable Margin cannot be determined at any time because the Borrower's financial statements for the immediately preceding fiscal quarter are not available at such time, the Applicable Margin shall be presumed to be the same as the Applicable Margin as of the last FQED for which the Borrower's financial statements were available.
Permit as of the end of any FQED of the Borrower, the Operating Cash Flow Ratio to be less than 1.35 to 1.00 as of the fiscal quarters ended September 30, 1997 and March 31, 1998 and 1.50 to 1.00 as of the end of all other fiscal quarters.
In the event the Applicable Margin for a LIBOR Loan can not be determined at any time because the Company's financial statements for the immediately preceding fiscal quarter are not available at such time, the Applicable Margin for each LIBOR Loan shall be presumed to be the same as the Applicable Margin for such LIBOR Loans as of the last FQED for which the Company's financial statements were available.
In the event the Applicable Margin for a Eurodollar Loan can not be determined at any time because the Borrower's financial statements for the immediately preceding fiscal quarter are not available at such time, the Applicable Margin for each Eurodollar Loan shall be presumed to be the same as the Applicable Margin for such Eurodollar Loans as of the last FQED for which the Borrower's financial statements were available.
In the event that the Letter of Credit Rate can not be determined at any time because the Borrower's financial statements for the immediately preceding fiscal quarter are not available at such time, the Letter of Credit Rate shall be presumed to be the same as the Letter of Credit Rate as of the last FQED for which the Borrower's financial statements were available.
For any period of four consecutive -------------------------- fiscal quarters ending on any FQED, permit the ratio of (i) Consolidated EBIRT for the applicable period to (ii) the sum of Consolidated Interest Expense and Consolidated Rent Expense for such period to be less than (A) 0.86 to 1.00 at ▇▇▇▇ ▇▇▇▇, (▇) 0.87 to 1.00 at first FQED 1996, (C) 1.00 to 1.00 at second FQED 1996, (D) 1.10 to 1.00 at third FQED 1996, and (E) 1.10 to 1.00 at each FQED thereafter.
In the event that the Letter of Credit Rate can not be determined at any time because the Company's financial statements for the immediately preceding fiscal quarter are not available at such time, the Letter of Credit Rate shall be presumed to be the same as the Letter of Credit Rate as of the last FQED for which the Company's financial statements were available.
In the event that such sale does not occur by such date, the Company and the Banks agree that Section 7.1 (along with the definition of Minimum Consolidated Net Worth) and Section 7.8 shall automatically be amended effective with the FQED to occur on October 31, 1998 to reflect the terms and conditions set forth therein immediately prior to the effectiveness of the Amendment to the Agreement effective as of January 31, 1997.
Permit as of the end of any FQED of the Borrower, the Current Ratio to be less than 1.50 to 1.00.