Trailing 12-Month Basis definition
Trailing 12-Month Basis means the most recently completed twelve consecutive months which precede the date on which a financial covenant is calculated.
Examples of Trailing 12-Month Basis in a sentence
Allow the ratio of the Fixed Charge Ratio of Westcon, on a consolidated basis, to be less than the ratio set forth below tested quarterly computed on a Trailing 12-Month Basis commencing on February 29, 2004.
Allow the ratio of the Fixed Charge Ratio of Westcon America, on a consolidated basis, to be less than the ratio set forth below tested quarterly with EBITDA to be computed on a Trailing 12-Month Basis commencing on February 29, 2004.