Trailing Four Quarter Period definition

Trailing Four Quarter Period means with respect to a date, (i) if such date is between the date hereof and June 30, 2006 inclusive, the second calendar quarter of 2006, (ii) if such date is between July 1, 2006 and September 30, 2006 inclusive, the second and third calendar quarters of 2006, (iii) if such date is between October 1, 2006 and December 31, 2006 inclusive, the second, third and fourth calendar quarters of 2006, and (iv) on or after January 1, 2007, the period of four consecutive full fiscal quarters of the Guarantor and its Consolidated Subsidiaries ended on such date. Any amount measured with respect to a Trailing Four Quarter Period that is less than one year, shall be annualized by multiplying such amount by a fraction, the numerator of which is four and the denominator of which is the number of calendar quarters in such Trailing Four Quarter Period.

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Trailing Four Quarter Period means the four quarter period ending on the last day of the calendar quarter in which the first anniversary of the Public Market Event occurs and, thereafter, the four quarter period ending on the last day of each subsequent calendar quarter; and

Trailing Four Quarter Period means the four full fiscal quarters most recently ended prior to such time of determination for which internal financial statements are available.

Examples of Trailing Four Quarter Period in a sentence

• 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) 3.40 to 1.00 for the fiscal quarter ending June 30, 2004, (b) 3.00 to 1.00 for the fiscal quarter ending September 30, 2004, and (c) 2.50 to 1.00 for each fiscal quarter end thereafter.

• 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.

• The portion of the Incentive Fee based on income will be paid on a quarterly basis during each 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 2.50 to 1.00.

More Definitions of Trailing Four Quarter Period

Trailing Four Quarter Period means the four quarter period ending on the last day of each subsequent calendar quarter.

Trailing Four Quarter Period means with respect to a date, the period of four consecutive Quarters ended on such date or the end of the Quarter most immediately preceding such date. Fixed Charge Coverage Ratio: 1.10x Leverage Ratio: 10x Net Worth: $150,000,000 Fixed Charge Coverage Ratio: 1.05x Arlington Plaza ▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ Arlington TX ▇▇▇▇▇ House ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ Blue Water Lodge ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ Ballwin MO Chateau Ridgeland ▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇ Colonial Harbor ▇▇▇▇ ▇▇. ▇▇▇▇▇▇ ▇▇▇▇. ▇▇▇▇▇▇▇▇ ▇▇ Country Squire ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇▇ ▇▇ Courtyard at Lakewood ▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ Desoto Beach Club ▇▇▇▇ ▇▇▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇▇ ▇▇ El Dorado ▇▇▇ ▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ Essex House ▇▇ ▇. ▇▇▇▇ ▇▇. ▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ Point 720 ▇▇▇▇▇ ▇▇. Greece NY Grasslands Estates ▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇. ▇ ▇▇▇▇▇▇▇ ▇▇ Greeley Place ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ Grizzly Peak ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ Oaks ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Paducah KY Maple Downs ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇. ▇. ▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇ Parkwood Estates ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ Fort ▇▇▇▇▇▇▇ CO Pioneer Valley Lodge ▇▇▇▇ ▇ ▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇ Regency Residence ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ Simi Hills ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ Stoneybrook Lodge ▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ Shreveport LA Ventura Place ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇

Trailing Four Quarter Period means, with respect to the applicable date of determination, the most recent period of four consecutive full fiscal quarters of Guarantor and its Consolidated Subsidiaries ending on or prior to such date.

Trailing Four Quarter Period means the period of four consecutive full fiscal quarters of the Parent and its Consolidated Subsidiaries ended on such date (or, in the case of any such date which is earlier than December 31, 2003, for the period from January 1, 2003 to and including such date multiplied by a fraction the numerator of which is 365 and denominator of which is the number of days in such period).

Trailing Four Quarter Period means with respect to a date, the period of four consecutive Quarters ended on such date or the end of the Quarter most immediately preceding such date. Exhibit A Fixed Charge Coverage Ratio: 1.10x Leverage Ratio: 10x Net Worth: $150,000,000 Schedule 1 Fixed Charge Coverage Ratio: 1.05x Schedule 1 1847301.06-NYCSR07A - MSW ▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇ ▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇ ▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇ 3 Bay Park ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇ 4 Mistywood ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇ 5 Hampshire ▇▇▇▇ ▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ 6 Bridgecreek ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ West Covina CA 7 Camelot ▇▇▇ ▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ 8 Fig Garden ▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ Parkway Athens GA 11 Riverplace ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ 12 River'S Edge ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ Boise ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ 14 Arbor ▇▇▇▇ ▇▇▇▇ ▇▇. ▇▇▇ ▇▇▇▇ Fort ▇▇▇▇▇ IN 15 Nouveau Marc ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ NJ 17 Worthington ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Pkwy. Myrtle Beach SC 21 Westminster ▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇ 22 Bedford ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Blvd. Vancouver WA 23 Kamlu Retirement Inn-Vancouver ▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇ 25 Garden Club ▇▇▇▇▇ ▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ 1847301.06-NYCSR07A - MSW

Trailing Four Quarter Period means with respect to a date, the period of four consecutive Quarters ended on such date or the end of the Quarter most immediately preceding such date. Sabra Health Care Holdings III, LLC Sabra Texas Holdings, L.P. Sabra Health Care ▇▇▇▇▇▇▇▇ ▇▇, LLC ▇▇▇▇▇ Health Care Northeast, LLC Net Worth: $150 million Fixed Charge Coverage Ratio: 1.10x Leverage Ratio: 10x

Trailing Four Quarter Period means, as of any date, the four fiscal quarter period immediately preceding such date.