Trailing Twelve Month Period definition

Trailing Twelve Month Period means (A) in the case of an Operating Year ending on the last day of a calendar month, the twelve (12) full calendar month-period ending on such day; or (B) in the case of an Operating Year ending on a day other than the last day of a calendar month, the twelve (12) full calendar-month period ending on the last day of the calendar month immediately preceding the calendar month in which the last day of such Operating Year occurs.

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Trailing Twelve Month Period a period of twelve full consecutive calendar months, taken together as one accounting period for the Company and its consolidated Subsidiaries; provided, prior to the end of the twelfth full consecutive calendar month following the Closing Date, ‘Trailing Twelve Month Period’ shall mean the cumulative number of calendar months ending after the Closing Date.”

Trailing Twelve Month Period means, with respect to any Covenant Measurement Date and any computation of the Debt Service Coverage Ratio or the Funded Debt to EBITDA Ratio as of such Covenant Measurement Date, the trailing twelve-month fiscal measurement period ending as of such Covenant Measurement Date.

Examples of Trailing Twelve Month Period in a sentence

The Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any fiscal month to be less than 1.10 to 1.00 for the Trailing Twelve Month Period ended as of such day, regardless of whether or not any Low Availability Period is in effect.” (bb) Amendment of Section 12.10.
The Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any fiscal month to be less than 1.10 to 1.00 for the Trailing Twelve Month Period ended as of such day, regardless of whether or not any Low Availability Period is in effect.
Notwithtstanding anything to the contrary herein, the Escrow Stock shall not be forfeited (i) if the 10% Customer contract is terminated by the 10% Customer due to an action or inaction of the Buyer or (ii) if a 10% Customer continues to generate at least 85% of the 10% Customer Revenue during each Trailing Twelve Month Period.
Borrower is in default of the financial covenant contained in Section 6.20(b) of the Loan Agreement for the Trailing Twelve Month Period ended September 30, 2010.
Parent and its Subsidiaries shall at all times maintain EBITDA for Parent and its Subsidiaries as indicated below for each Trailing Twelve Month Period, measured on a quarterly basis, as of the end of each Fiscal Quarter ending on and after September 30, 2008.

More Definitions of Trailing Twelve Month Period

Trailing Twelve Month Period means the twelve-month period preceding the date of measurement with respect to a particular Performance Objective.

Trailing Twelve Month Period means, for any calculation, the 12-calendar month period ended as of the most recent quarterly end date preceding the date as of which such calculation is made.

Trailing Twelve Month Period means any twelve (12) consecutive

Trailing Twelve Month Period means any consecutive twelve month period between the date that is twelve (12) months immediately preceding the Closing and the date that is eighteen (18) months immediately following the Closing. All calculations of 10% Customer Revenue in this Section 4.4(c) shall be adjusted to exclude any decrease in 10% Customer Revenue that directly results from any state public utility commission order, Federal Communications Commission rule or regulation, state or federal legislation that is passed and enacted after the Closing Date.

Trailing Twelve Month Period means the twelve (12) calendar month period immediately preceding the date of calculation.

Trailing Twelve Month Period means, as to the effective date of the calculation hereunder, which shall be the date of the Exercise Notice, the twelve-calendar-month period ending on the last day of the most recent calendar month that is at least one complete calendar month prior to the Exercise Notice; for example, the Trailing Twelve-Month Period for an effective date of June 6 would be the twelve months ending on the prior April 30; for an effective date of December 1 would be the twelve months ending on the prior October 31; and for an effective date of March 31 would be the twelve months ending on the prior January 31.

Trailing Twelve Month Period as used herein shall mean the twelve-month period ending on such day. For the avoidance of doubt, once the maximum Face Amount is determined pursuant to subsection (a) or (b) above, the Face Amount shall in no event be subject to reduction.