Preceding Period definition

Preceding Period means, with respect to any acquisition or ------------------ disposition, the last four completed fiscal quarters preceding the date on which the acquisition or disposition is consummated.

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Preceding Period means, with respect to any acquisition or ---------------- potential acquisition, the three hundred sixty-five (365) days preceding the date on which the acquisition is consummated.

Preceding Period means the 3 years preceding the day on which the triennial certificate for which the licensee is seeking renewal, expired or is due to expire.

Examples of Preceding Period in a sentence

• Seller is, and during the Preceding Period has been, operating in compliance with all applicable Information Privacy and Security Laws, including, without limitation, with respect to the presentation of consents with respect to the Business, except where the failure to operate in compliance would not have a Material Adverse Effect.

• The ratio of Indebtedness for Money Borrowed to EBITDA for the Preceding Period to be more than 3.25 to 1.0.

• During the Preceding Period, Seller has maintained adequate records as required by applicable Information Privacy and Security Laws, including with respect to Seller’s privacy policies and as to express consent, opt-in or opt-out information.

• During the Preceding Period, neither Seller Group Member has violated in any material respect or received any written notice alleging that any violation has occurred under any employment contract or proprietary information agreement with any Business Employee.

• During Preceding Period, there has been no failure or breakdown of any core information technology systems of either Seller Group Member that have resulted in a material disruption or material interruption in the operation of the Business.

• The Minimum Annual Other Product Royalty shall be increased or decreased for each succeeding Contract Year in proportion to the annual change indicated on The Bureau of Economic Analysis National Income and Product Accounts Table “Percent Change from Preceding Period in Real Gross Domestic Product” for the most recently ended Contract Year.

• The “Minimum Annual Royalty” shall apply to all Royalties and be Five Million Five Hundred Thousand Dollars ($5,500,000) for the first Contract Year, and shall be increased or decreased for each succeeding Contract Year in proportion to the annual change indicated on The Bureau of Economic Analysis National Income and Product Accounts Table “Percent Change from Preceding Period in Real Gross Domestic Product” for the most recently ended Contract Year.

• During the Preceding Period, Seller has timely withheld and timely paid all material Taxes required to have been withheld and paid by it in connection with amounts paid or owing to any employee, independent contractor, creditor, supplier, equityholder or other Person.

• During the Preceding Period, no deficiency or adjustment for material Taxes with respect to the Business has been claimed, proposed, asserted or assessed by any Taxation Authority in writing.

• During the Preceding Period, there has been no audit, investigation, dispute with, or correspondence from any Taxation Authority to either Seller Group Member related to any aspect of the Business.

More Definitions of Preceding Period

Preceding Period means, with respect to any Person, as of the date of determination, the most recently completed four fiscal quarters of such Person, PROVIDED, that any calculations made with reference to a fiscal period of the Borrower or any Subsidiary thereof ending on or prior to September 30, 1997 shall be made on a Pro-Forma Basis.

Preceding Period means the five (5) year period ended as of the Agreement Effective Date.

Preceding Period means, with respect to any Person, as of the date of determination, the most recently completed four fiscal quarters of such Person.