Most Recently Ended definition

Most Recently Ended means, with respect to any period, the most recently ended period for which the financial statements required by Section 6.01(a), Section 6.01(b) or Section 6.01(c), as applicable, have been delivered or required to have been delivered.
Most Recently Ended with respect to any period, the most recently ended period for which the financial statements required by Section 6.1(a) or Section 6.1(b), as applicable, are then available.

Examples of Most Recently Ended in a sentence

During the continuance of a Covenant Compliance Event, permit the Consolidated EBITDA of the Parent, Holdings, the Borrower and its Restricted Subsidiaries to be less than $20,000,000, calculated as of the last day of each Fiscal Month as of the Most Recently Ended period of twelve Fiscal Months, commencing with the Fiscal Month ended on or immediately prior to the date that the Covenant Compliance Event occurs.

During the continuance of a Covenant Compliance Event, permit the Consolidated Fixed Charge Coverage Ratio, calculated as of the last day of each Fiscal Quarter as of the Most Recently Ended period of four Fiscal Quarters, commencing with the Fiscal Quarter ended on or immediately prior to the date that the Covenant Compliance Event occurs, to be less than 1.0:1.0.

Related to Most Recently Ended

recently separated veteran means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.
Federal Fiscal Year means the period beginning October 1 and ending September 30 each year, which is the annual accounting period for the United States government.
Fiscal Quarter means a fiscal quarter of any Fiscal Year.