Initial Quarters definition

Initial Quarters means those eight (8) calendar quarters beginning with the first complete calendar quarter after the Closing Date.
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Examples of Initial Quarters in a sentence

  • For the Initial Quarters, Borrower’s EBITDA shall be calculated using $4,056,000 as the U.S. Traffic pro forma EBITDA in lieu of the U.S. Traffic pro forma EBITDA, and for all periods thereafter, Borrower’s EBITDA will be as reported.

  • With respect to calendar quarters after the Initial Quarters, within forty-five (45) days following the end of each such calendar quarter an amount equal to at least eighty percent (80%) of Net Available Cash with respect to such quarter (or period) shall be distributed in accordance with this Article V by the Partnership to the Partners, as of the Record Date.

  • For the Initial Quarters, Borrower’s EBITDA shall be calculated using $4,056,000 as the U.S. Traffic pro forma EBITDA, in lieu of the U.S. Traffic pro forma EBITDA, and, for all periods thereafter, Borrower’s EBITDA will be as reported.

  • For the Initial Quarters, the Partnership shall make quarterly cash distributions of $.125 per Unit ($.50 per Unit on an annualized basis).