Rolling Four-Quarter Basis definition

Rolling Four-Quarter Basis. The four most recently completed consecutive fiscal quarters of the Borrower immediately preceding a calculation date.

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Rolling Four-Quarter Basis means a basis using the most recently completed four (4) full consecutive fiscal quarters of Borrower which precede and include the date on which the Debt Service Coverage Ratio is calculated.”

Rolling Four-Quarter Basis means, as to any fiscal quarter, such quarter and the three preceding fiscal quarters.

Examples of Rolling Four-Quarter Basis in a sentence

This covenant shall be tested quarterly as of the last day of each fiscal quarter of the Borrower on a Rolling Four-Quarter Basis.
Permit as of the end of each fiscal quarter of the Company commencing with the fiscal quarter ending March 31, 2003, on a Rolling Four-Quarter Basis during the term of this Agreement, the ratio of the Company's Consolidated Current Assets to Consolidated Current Liabilities to be less than 2.0 to 1.0.
Buyer shall deposit the balance of the Purchase Price with the Escrow Holder by wire transfer or other cash equivalent on the Closing Date, with time being of the essence.
As used in this Section 6.10, "Rolling Four-Quarter Basis" means a basis using the most recently completed four (4) full consecutive fiscal quarters of Borrower which precede and include the date on which the Debt Service Coverage Ratio is calculated.
From the First Amendment Date through the end of the Suspension Period, the Borrower will not permit, as of the end of any fiscal quarter set forth below, the ratio of the Consolidated EBITDA of the Borrower and its Subsidiaries to Consolidated Interest Expense calculated on a Rolling Four-Quarter Basis to be less than the amount set forth below.

More Definitions of Rolling Four-Quarter Basis

Rolling Four-Quarter Basis. The four most recently completed consecutive fiscal quarters of the Company immediately preceding a calculation date.

Rolling Four-Quarter Basis means, as to any fiscal quarter, such quarter and the three preceding fiscal quarters; provided, however, so long as the Aggregate Commitments exceed the Threshold Amount, the ratio of Debt to EBITDAX will be determined as of the end of each calendar month.

Rolling Four-Quarter Basis shall have the meaning assigned such term in Section 9.11.

Rolling Four-Quarter Basis means with respect to the calculation of any -------------------------- financial ratio in Article VIII, such ratio as measured on the last day of the most recently completed fiscal quarter for the period comprising such fiscal quarter and the three preceding fiscal quarters, provided that (i) for the fiscal quarters ending September 30 and December 31, 1997, any calculation of Pro Forma EBITDDA or Pro Forma Interest Expense shall be determined by multiplying the actual Pro Forma EBITDDA or Pro Forma Interest Expense for that fiscal quarter by four (4), (ii) for the fiscal quarter ending on March 31, 1998, any calculation of Pro Forma EBITDDA or Pro Forma Interest Expense shall be determined by multiplying the actual Pro Forma EBITDDA or Pro Forma Interest Expense for that fiscal quarter and the prior fiscal quarter by two (2), and (iii) for the fiscal quarter ending on June 30, 1997, any calculation of Pro Forma EBITDDA or Pro Forma Interest Expense shall be determined by multiplying the actual Pro Forma EBITDDA or Pro Forma Interest Expense for the period of such quarter and the two preceding quarters by one and one-third (1-1/3).

Rolling Four-Quarter Basis means with respect to any component of any ratio the sum of such component for each of the four fiscal quarters of the Company and its Consolidated Subsidiaries immediately preceding the date with respect to which such ratio is to be determined.

Rolling Four-Quarter Basis means for any date of determination the aggregate results of the four Fiscal Quarters immediately preceding but including such date of determination; provided, however, that for each of the periods ending during the first Facility Year, the applicable periods prior to the Closing Date shall be calculated on a pro forma basis acceptable to the Administrative Agent.

Rolling Four-Quarter Basis means four consecutive quarterly accounting periods treated as a single accounting period.