Quarterly Basis definition

Quarterly Basis means a three-month period commencing on January 1, April 1, July 1 and October 1 of each calendar year.

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Quarterly Basis means a three-month period commencing on January 1, April 1, July 1 and October 1 of each calendar year. “Ready for Apportionment” means a final review of an Approved Application has been completed by the OPSC and

Quarterly Basis means, with respect to any financial calculation set forth in Annex C involving a determination of any item set forth in the Company's Consolidated statements of income or statements of cash flow for any period of one or more fiscal quarters of the Company, that such calculation shall be made on the basis of each such fiscal quarter's results as set forth in the quarterly financial statements relating to such fiscal quarter individually (as adjusted to reflect financial statements prepared on the basis of Adjusted Argentine GAAP), without giving effect to any subsequent adjustments to the information set forth in such quarterly financial statements for inflation or exchange rate fluctuations and after converting such item into Dollars at the Exchange Rate applicable to such quarter.

Examples of Quarterly Basis in a sentence

• Calculation of Estimated Advance Income Tax Liability on Quarterly Basis.

• Maintain on a Quarterly Basis; Minimum Trailing 6-Month Bookings* 6 months ending 3/31/16 $34,090,000 $_ Yes No 6 months ending 6/30/16 $38,542,000 $_ Yes No 6 months ending 9/30/16 $47,223,000 $_ Yes No 6 months ending 12/31/16 $50,411,000 $_ Yes No 2017 and thereafter [See Section 6.9] $_ Yes No * Only required if the Covenant Threshold is not met.

• Maintain on a Monthly Basis: Adjusted Quick Ratio ³1.1:1.0 :1.0 Yes No Maintain on a Quarterly Basis: Revenue $ * $ Yes No * As set forth in Section 6.7(b) of the Agreement.

• All amounts due from one Party to the other Party under Article IV shall be due and payable on a Calendar Quarterly Basis, with each payment encompassing amounts due associated with License Income actually received by the paying Party during such Calendar Quarter.

• Maintain on a Quarterly Basis (unless otherwise specified): Minimum Recurring Revenue * $ _______ Yes No Maximum Unfinanced CAPEX ** $ _______ Yes No Minimum Adjusted EBITDA *** $ _______ Yes No * As set forth in Section 6.7(a) of the Agreement.

• Maintain on a Monthly Basis: Minimum Adjusted Quick Ratio :1.0 * :1.0 Yes No Maintain on a Quarterly Basis: Minimum Tangible Net Worth $ ** $ Yes No * As set forth in Section 6.7(a) of the Loan Agreement ** As set forth in Section 6.7(b) of the Loan Agreement The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

• Definition of Quarterly Basis: period of 3 months starting on the Effective Date and continuing every 3 months thereafter until the end of the Term.

• We expressly disclaim all responsibility and liability for Third-Party Services.

• Quarterly financial statements1 Quarterly within 45 days1 Yes No Annual (CPA Audited) FYE within 90 days Yes No 10-Q, 10K and 8-K Within 5 days after filing with SEC Yes No Maintain on a Quarterly Basis: Minimum Quick Ratio 1.75:1.002 _____:1.00 Yes No Minimum Revenue 3 $_____ Yes No Profitability Quarterly 4 $___________ Yes No 1 Monthly when unrestricted cash is less than $25,000,000.

• Maintain on a Quarterly Basis: Minimum Trailing Six Month EBITDA (See Schedule 1) $ Yes No Minimum Subscription and Support Revenue (See Schedule 1) $ Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and accurate as of the date of this Certificate.

More Definitions of Quarterly Basis

Quarterly Basis means every quarter year or three months and refers to the frequency and number of Royalty payments made by the Lessee to the Lessor based on the Production Commencement Date and Section 4.2.5.

Quarterly Basis means that period of time beginning on the date the Software is first commercially used and ending each three month period thereafter. QUEST NET shall advise STIC, in writing, by the 30th day of the last month of each quarter, of its intent to convert the Convertible Shares and STIC shall have 15 days from the receipt of the notice of conversion to redeem the Convertible Shares at a redemption price of $10.00 per share. If STIC does not redeem the Convertible Shares within such 15 day period, QUEST NET shall have the right to convert the Convertible Shares, at a conversion rate equal to (i) the average 5 day bid price (as of the date of conversion) of STIC's common stock, if the Company is publicly traded, or at the book value per share of the Common Stock, if the common stock is not publicly traded. In addition to the redemption right provided above, STIC shall have the right to call the Preferred Stock not converted, in whole or in part, at any time.

Quarterly Basis means no later than once every three (3) calendar months.