Rolling Four definition

Rolling Four. Quarters shall mean the then most recently ended four (4) consecutive fiscal quarters of the Company for which, as of such day, financial statements are required to have been given to the Agent and Banks pursuant to this Agreement.

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Rolling Four. Quarters shall mean, as of any day, the then most recently ended four (4) fiscal quarter period of the Person.

Rolling Four. Quarters shall mean, as of any day, the then most recently ended four (4) fiscal quarter period of the Parent. Scheduled Completion Date shall mean June 30, 1997.

Examples of Rolling Four in a sentence

• The ratio of (a) Adjusted EBIT for any Rolling Four Quarter Period to (b) Fixed Charges for the same Rolling Four Quarter Period, to be less than 1.50 to 1.00.

• Adjusted Net Income to be less than $1.00 in more than one fiscal quarter of any Rolling Four Quarter Period.

• Private Placement: The issuance by the Company, AGI or the Parent, as the case may be, of shares of common stock of the issuing entity in a private placement which results in the current owners of the issuing entity owning less than 51% of the issuer after the transaction Rolling Four Fiscal Quarters: Four consecutive Fiscal Quarters.

• If Borrower either (i) acquires a utility company during the term of any credit hereunder and/or (ii) divests itself of a utility company during the term of any credit hereunder, Borrower’s Rolling Four Quarter EBITDA shall be adjusted to either include the Rolling Four Quarter EBITDA of the acquired entity or exclude the Rolling Four Quarter EBITDA of the divested entity, as applicable, which shall be subject to adjustment and qualification by Bank.

• The ratio of (a) Total Debt as of the end of any Rolling Four Quarter Period, to (b) Adjusted EBITDA for such Rolling Four Quarter Period, to be more than 2.00 to 1.00.

• Permit on a Rolling Four Quarter Basis as of the end of any fiscal quarter of the Company, on a Consolidated basis, the ratio of (a) net income of the Company after taxes plus depreciation and amortization, to (b) current maturities of the Company's long term debt to be less than 1.5 to 1.0.

• The ratio of (a) Total Debt as of the end of any Rolling Four Quarter Period, to (b) Adjusted EBITDA for such Rolling Four Quarter Period, to be more than 1.50 to 1.00.

• Ross covenants that it shall not at any time suffer or permit an Adjusted Interest Coverage Ratio of less than 1.80 to 1.00 for any Rolling Four Quarter Period.

• The Company will keep and maintain at all times the ratio of Net Income Available for Interest Charges to Consolidated Interest Charges at not less than 2.0 to 1.0 for each elapsed Rolling Four Quarters Period.

• For each Rolling Four Quarters period, permit the Total Leverage Ratio to be more than 4.00 to 1.00.

More Definitions of Rolling Four

Rolling Four. Quarters shall mean, (a) as of any day prior to the date that financial statements are initially required to be given to Lender for Borrower's 1998 fiscal year end pursuant to this Agreement, the most recently ended four (4) consecutive fiscal quarters of Borrower for which, as of such day, (i) financial statements have actually been given to Lender (with respect to any quarter occurring prior to the effective date of this Agreement) or (ii) financial statements are required to have been given to Lender pursuant to this Agreement (with respect to all quarters occurring after the effective date of this Agreement) and (b) as of any day after the date that financial statements are initially required to have been given to Lender for Borrower's 1998 fiscal year end pursuant to this Agreement, the then most recently ended four (4) consecutive quarters of Borrower for which, as of such day, financial statements are required to have been given to Lender pursuant to this Agreement. Security Agreements shall mean, collectively, the Security Agreement dated concurrently herewith, executed by Borrower in favor of Lender as security for the Loans, covering all Accounts, Equipment, Inventory and General Intangibles now or hereafter owned by Borrower, and any and all security agreements hereafter executed in favor of Lender in connection with, or as security for the payment or performance of, any Credit Document, as any of them may from time to time be amended, modified, restated or supplemented. Security Documents shall mean, collectively, this Agreement, the Security Agreements, the Deed of Trust, all Financing Statements and any and all other agreements, deeds of trust, mortgages, chattel mortgages, security agreements, pledges, guaranties, assignments of production or proceeds of production, assignments of income, assignments of contract rights, assignments of partnership interests, assignments of royalty interests, assignments of performance, completion or surety bonds, standby agreements, subordination agreements, undertakings and other instruments and Financing Statements now or hereafter executed and delivered in connection with, or as security for the payment or performance of, any Credit Document, as any of them may from time to time be amended, modified, restated or supplemented.

Rolling Four. QUARTERS shall mean, as of any day, the then most recently ended four (4) quarter period of the Borrower.