Trailing Four Quarter Basis definition
Trailing Four Quarter Basis determined for the trailing four fiscal quarters ending on the last day of any fiscal quarter; provided that, if fewer than four full consecutive fiscal quarters of the Borrower have been completed since the Effective Date, “Trailing Four Quarter Basis” shall mean, determined for the full fiscal quarters of the Borrower that have been completed since the Effective Date with Interest Charges and Fixed Charges annualized on a simple straight line basis.
Trailing Four Quarter Basis means, determined for the full fiscal quarters of the Borrower that have been completed since the Effective Date with Interest Charges and Fixed Charges annualized on a simple straight line basis.
Trailing Four Quarter Basis means, with respect to any date, the period that includes the twelve previous consecutive months of Borrower (on a consolidated basis) ending the applicable date set forth herein.
Examples of Trailing Four Quarter Basis in a sentence
Fail to have positive earnings (pre-tax), measured on a Trailing Four Quarter Basis, and calculated on the last day of each Fiscal Quarter.
Permit the ratio of its Net Income before interest, taxes, and rent under operating leases (as classified under current criteria of FASB No. 13) to its interest on all Debt and rents under operating leases to be less than 3.0 to 1.0, based upon a Trailing Four Quarter Basis (calculated on the last day of each Fiscal Quarter), from the Closing Date through the Maturity Date.