Pro Form Basis definition
Pro Form Basis means, with respect to any transaction of merger or consolidation, that such transaction shall be deemed to have occurred as of the first day of the period of four fiscal quarters ending as of the most recent fiscal quarter end preceding the date of such transaction with respect to which the Administrative Agent and the Banks shall have received financial statements and an officer's certificate in accordance with the provisions of Section 5.04.
Examples of Pro Form Basis in a sentence
Permit the Total Leverage Ratio, calculated on a Pro Form Basis, as of the last day of the most recently ended Test Period, beginning with the Test Period ending June 30, 2014, to be greater than 3.25 to 1.00 (such compliance to be determined on the basis of the financial information most recently delivered to the Administrative Agent pursuant to Section 5.1(a) and 5.1(b) for such Test Period).