Relevant Periods definition
Examples of Relevant Periods in a sentence
The Subscribers (at their sole discretion) may agree in writing with the Issuer that any calculation to be made in respect of an Operating Company for the purposes of any definition in Clause 26.1 (Financial definitions) may be made on a different basis to that provided in the relevant definition, for one or more Relevant Periods, and subject to such additional reporting as the Subscribers may require in respect of the same, in which case the same will be binding on the Parties.
The Lenders (at their sole discretion) may agree in writing with the Borrower that any calculation to be made in respect of an Operating Company for the purposes of any definition in Clause 24.1 (Financial definitions) may be made on a different basis to that provided in the relevant definition, for one or more Relevant Periods, and subject to such additional reporting as the Lenders may require in respect of the same, in which case the same will be binding on the Parties.
If any such investment or capital contribution or shareholder loan is made in any Relevant Period to ensure compliance with the relevant requirement in the immediately preceding Relevant Period, that investment or capital contribution or shareholder loan shall be deemed to have been made on the last day of that immediately preceding Relevant Period and to be added to EBITDA for that Relevant Period (and all subsequent Relevant Periods) for the purpose of this Clause 20.
In order to even out any fluctuation of the Actual Net Profit during the Relevant Periods, the final settlement of the overall Consideration Shares is tied up to the Aggregated Guaranteed Profits of HK$8,220,000.
This ratio will be tested on the last day of each calendar quarter for the four immediately preceding calendar quarters on a rolling basis, or less for Relevant Periods ending on or before 31 March 2002.