ICWC Measurement Period definition

ICWC Measurement Period means each Franchisee Year, provided that: (a) the first ICWC Measurement Period will commence on the Start Date; (b) the final ICWC Measurement Period will end on the ICWC Expiry Date or such earlier date of termination of the Franchise Agreement; and (c) no ICWC Measurement Period will be a period of less than six (6) months or more than eighteen (18) months; Withdrawn March 2024
Sample 1
ICWC Measurement Period means each Franchisee Year, provided that:
Sample 1

Related to ICWC Measurement Period

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.

  • 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.

  • 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).

  • SONIA Compounded Index means the index known as the SONIA Compounded Index administered by the Bank of England (or any successor administrator thereof);

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.