Reference Period definition

Reference Period shall have the meaning assigned to such term in the definition of the term “Pro Forma Basis.”

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Reference Period means each period of 12 consecutive calendar months.

Reference Period has the meaning set forth in the definition of EBITDA.

Examples of Reference Period in a sentence

• Permit the Total Leverage Ratio for any Reference Period to be greater than 60%; provided, that the Parent Borrower may elect that such ratio be permitted to exceed 60% as of the last day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Total Leverage Ratio exceed 65% as of the last day of any fiscal quarter.

• Permit the Unencumbered Leverage Ratio for any Reference Period to be greater than 60%; provided, that the Parent Borrower may elect that such ratio be permitted to exceed 60% as of the last day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Unencumbered Leverage Ratio exceed 65% as of the last day of any fiscal quarter.

• Permit the Unsecured Interest Coverage Ratio for any Reference Period to be less than 1.75 to 1.00.

• Permit the Fixed Charge Coverage Ratio for any Reference Period to be less than 1.50:1.00.

• Permit the Secured Leverage Ratio for any Reference Period to be greater than 40%; provided, that the Parent Borrower may elect that such ratio be permitted to exceed 40% as of the last day of the four (4) consecutive fiscal quarters immediately following a Material Acquisition, but in no event shall the Secured Leverage Ratio exceed 45% as of the last day of any fiscal quarter.

More Definitions of Reference Period

Reference Period means the period from (and including) the Interest Commencement Date to, but excluding, the first Interest Payment Date or from (and including) each Interest Payment Date to, but excluding the next Interest Payment Date. [In the case of a short first or last Calculation Period the following applies: For the purposes of determining the relevant Reference Period only, [deemed Interest Payment Date] shall be deemed to be an Interest Payment Date.] [In the case of a long first or last Calculation Period the following applies: For the purposes of determining the relevant Reference Period only, [deemed Interest Payment Dates] shall each be deemed to be an Interest Payment Date.]]

Reference Period means each period of twelve (12) consecutive calendar months ending on a Reference Date.

Reference Period as defined in the definition of “Consolidated EBITDA”.

Reference Period means any period of four consecutive fiscal quarters.

Reference Period shall have the meaning assigned to such term in Section 5.6(ii).

Reference Period with regard to any Person means the four full fiscal quarters ended immediately preceding any date upon which any determination is to be made pursuant to the terms of the Notes or this Indenture.

Reference Period with respect to any date of determination, means (except as may be otherwise expressly provided herein) the period of twelve consecutive fiscal months of the Borrower immediately preceding such date or, if such date is the last day of a fiscal quarter, the period of four consecutive fiscal quarters ending on such date.