Examples of Trailing Four Quarter Period in a sentence
Maintain, as of each fiscal quarter-end, a ratio of its Funded Debt as of such date to its Cash Flow for the Trailing Four Quarter Period of no greater than 2.50 to 1.00.
The portion of the Incentive Fee based on income will be calculated separately for each of three measurement periods: the Pre- Offering Period; the Transition Period; and each Trailing Four Quarter Period.
The portion of the Incentive Fee based on income will be paid on a quarterly basis during each of the Pre-Offering Period, the Transition Period and the Trailing Four Quarter Period and will be reduced for each quarter in a period (other than the first quarter of each period) by the amount of the Incentive Fee based on income paid in respect of each earlier quarter in the respective period.
Maintain, as of each fiscal quarter-end, a ratio of its Funded Debt as of such date to its Cash Flow for the Trailing Four Quarter Period of no greater than (a) 3.00 to 1.00 for the fiscal quarter ending September 30, 2005 and December 31, 2005, and (b) 2.50 to 1.00 for March 31, 2006 and each fiscal quarter end thereafter.
As a matter of legal analysis, there is considerable force in that submission.