Test Quarter definition

Test Quarter means, for any Potential Phaseout Event, the first fiscal quarter of the Company during which such Potential Phaseout Event occurred.
Sample 1Sample 2
Test Quarter means each three-month period ending on a Quarterly Date.
Sample 1Sample 2Sample 3
Test Quarter has the meaning set forth in Section 6.14(c).
Sample 1

Examples of Test Quarter in a sentence

  • Only outputs/deliverables produced after the signature of the sub-grant contracts are eligible.The standard unit costs were calculated so not produce any profit for the applicant in order to comply with the sub-grants’ regulation.

  • The EBITDA of the Borrower Group on a consolidated basis during the Test Quarter was and during the period of four consecutive Fiscal Quarters ending on the Test Date (the “Test Period”) was , which amount [is] [is not] greater than or equal to the minimum amount of EBITDA set forth in Section 6.5 of the Loan Agreement opposite the Test Date.

  • As of the last day of each fiscal quarter of the Issuer, commencing with the Initial Test Quarter (as defined below), the Net Debt to Adjusted EBITDA Ratio of the Issuer and its Restricted Subsidiaries shall not exceed (1) 3.0 to 1.0 for the Initial Test Quarter and each of the first three fiscal quarters after the Initial Test Quarter, (2) 2.0 to 1.0 for each of the next succeeding four fiscal quarters and (3) 1.0 to 1.0 thereafter.

  • Commencing with the last day of the First Leveraged Test Quarter and ending with the last day of the last fiscal quarter ending prior to the Maturity Date, permit the Total Leverage Ratio of the Borrower and its Subsidiaries as of each such fiscal quarter end to be greater than 4.00:1.00.

  • By: ___________________________ Title: Solvency Certificate EXHIBIT F [Form of Certificate of Compliance] Fiscal quarter ended ________________, 19__ (the "Test Quarter") This Certificate is delivered pursuant to Section 5.03(k) of the Credit Agreement dated as of September 12, 1996 (the "Credit Agreement") among CENTENNIAL CELLULAR CORP.


More Definitions of Test Quarter

Test Quarter means each three-month period ending on a Quarterly Date. “Transactions” shall mean, collectively, (a) the execution and delivery of the Loan Documents, the Borrowings hereunder, the consummation of the Term Loan Facility and the use of the proceeds thereof, (b) the providing of a Guarantee by Holding and ExGen Renewables Holdings and the granting and perfection of security interests in connection with the transactions referred to in clause (a) above and (c) the payment of all fees and expenses due and payable on the Closing Date as expressly provided in the Engagement Letter, the Fee Letters and the Loan Documents in connection with the foregoing.
Sample 1
Test Quarter means (a) any Fiscal Quarter for which Minimum Availability is less than $20,000,000, and (b) any Fiscal Quarter as of the last day of which no Public Equity Offering has been consummated and each Sponsor does not own, beneficially and of record, and control the power to vote, at least 75% of the common stock of the Company owned by such Sponsor as of the Closing Date.
Sample 1
Test Quarter means any fiscal quarter of the Borrower ending after April 30, 2000, and (B) the term "TEST DATE" means the last day of any Test Quarter.
Sample 1
Test Quarter shall have the meaning provided in Section 10.10.”
Sample 1

Related to Test Quarter

  • 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.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • 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.

  • Test Period means, at any time, the four consecutive fiscal quarters of Borrower then last ended (in each case taken as one accounting period) for which financial statements have been or are required to be delivered pursuant to Section 5.01(a) or (b).

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

  • TTM EBITDA means, as of any date of determination, EBITDA of Borrower determined on a consolidated basis in accordance with GAAP, for the 12 month period most recently ended.

  • Planning Period Quarter means any of the following three month periods in the Planning Period: June, July and August; September, October and November; December, January and February; or March, April and May.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • 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.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • 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.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Annualized EBITDA means, for the four consecutive quarters ending on each Reporting Date, the Operating Partnership’s Pro Rata Share (as defined below) of earnings before interest, taxes, depreciation and amortization (“EBITDA”), with other adjustments as are necessary to exclude the effect of all realized or unrealized gains and losses related to hedging obligations, items classified as extraordinary items and impairment charges in accordance with generally accepted accounting principles, adjusted to reflect the assumption that (i) any EBITDA related to any assets acquired or placed in service since the first day of such four-quarter period had been earned, on an annualized basis, from the beginning of such period, and (ii) any assets disposed of during such four-quarter period had been disposed of as of the first day of such period and no EBITDA related to such assets had been earned during such period.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

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

  • EBITDA means earnings before interest, taxes, depreciation and amortization.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Four Quarter Period means a period of four full consecutive fiscal quarters of the Borrower and its Subsidiaries, taken together as one accounting period.

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • Test Date means, with respect to any Start Date, the last day of the most recent fiscal quarter of the Borrower ended immediately prior to such Start Date.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.