Rolling Twelve Month definition

Rolling Twelve Month. As of any date of determination thereof, a fraction, expressed as a percentage, the numerator of which is the aggregate of the Realized Losses as of the last day of the calendar month of each Remittance Period for the twelve immediately preceding Remittance Periods and the denominator of which is the aggregate of the Principal Balances as of the first day of the first such Remittance Period.
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Rolling Twelve Month means, with respect to any date of determination, the month most recently ended and the eleven (11) immediately preceding months for which, in each case, financial statements are available considered as a single period.
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Examples of Rolling Twelve Month in a sentence

  • So long as any of the Notes remains outstanding, the Issuer will not permit the ratio of Consolidated EBITA to Consolidated Interest Payable, as each is determined on a Rolling Twelve Month basis ending as of each Year- End Date and Semi-Annual Date, to be less than 2.0 to 1.0.

  • The Company will not permit the ratio of Consolidated EBITDA to Consolidated Net Interest Expense to be less than 4.00 to 1.00, as determined on a Rolling Twelve Month basis as of each Year-End Date and Half Year-End Date.

  • Table 3: Estimates for the key energy contributions in a soft ferromagnetic film.

  • The FCVR amount shall be determined monthly following each Rolling Twelve Month Period.

  • Austin Energy’s minimum expectation for Rolling Twelve Month Net Recovery Rates at the Low Dollar level is 20%.

  • Where the Facility has achieved a Utilization Factor ("UF") of greater than or equal to [*] of the Facility available hours for the Rolling Twelve Month Period, Xxxxxxxx shall be entitled to a Fuel Conversion Volume Rebate ("FCVR") of [*].

  • The decision shall be made summarily, without hearing, unless the BCD judge concludes that a hearing is necessary.

  • The Rolling Twelve Month Limit shall include every period of twelve consecutive calendar months.

  • Patronage between January 2008 and March 2009 had been steadily rising, with Rolling Twelve Month Total Boardings (RTMTB) increasing by 3.4% from 9.84 million to 10.18 million.

  • A reduction in overall hours worked (less trade and reduced staff numbers) from Dec 17 to Sep 18 continues to illustrate a progressive increase in TRIFR, LTIFR and MTIFR per million hours worked for the Rolling Twelve Month (RTM) period.

Related to Rolling Twelve Month

  • Twelve-Month Period means a twelve-month period ending on the first anniversary of the Effective Date or on each subsequent anniversary thereof.

  • Billing Month is defined in Section 9.1(b).

  • Month means calendar month.

  • Rolling Period means, as of any date, the four Fiscal Quarters ending on or immediately preceding such date.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Semi-Annual Period means each of: the period beginning on and including January 1 and ending on and including June 30; and the period beginning on and including July 1 and ending on and including December 31.

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • Fiscal Quarters means the period from January 1 to March 31, April 1 to June 30, July 1 to September 30 and October 1 to December 31 of the applicable year.

  • Reference Month means the calendar month for which the level of the Inflation Index is reported as specified in the applicable Final Terms, regardless of when this information is published or announced, except that if the period for which the Relevant Level was reported is a period other than a month, the Reference Month shall be the period for which the Relevant Level is reported.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Fiscal Month means any of the monthly accounting periods of Borrower.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Measurement Period means, at any date of determination, the most recently completed four fiscal quarters of the Borrower.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Operating Period means the period commencing from the Commercial Operation Date, until the last day of the Term of this Agreement or date of earlier termination of this Agreement in accordance with Article 2 of this Agreement;

  • Calendar Month means any of the twelve (12) months of the Calendar Year.

  • Fiscal Quarter means a fiscal quarter of any Fiscal Year.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • Testing Date means 31 December of each year.