Trailing Twelve Months definition

Trailing Twelve Months means the twelve (12) month period ending with the last calendar day of the month preceding the date that Apple Suites furnished Lender with an approved written request for release from liability in accordance with the terms of this paragraph.
View Source
Trailing Twelve Months. The Twelve (12) month period ending with the last day of a month.
View Source
Trailing Twelve Months refer to means month seven (7) through month eighteen (18) from the effective date of this agreement. In the event of West's failure to comply with (i), (ii) or (iii), Bank or Managing Director shall have the right to close any or all of "West" operations. In the event of early termination, Managing Director's salary and car allowance will cease and Managing Director will be entitled to 50% of the remaining cumulative Pre-Tax Net Income or will be responsible for 50% of the remaining cumulative net losses of "West", after recognition of all revenues and expenses related to the closing down of "West" operations and after such time that all assets of West are liquidated and all liabilities satisfied. Managing Director's receipt of payment for 50% of remaining Pre-Tax Net Income or his satisfaction of 50% of pre-tax net losses shall constitute final settlement of all agreements between Bank and Managing Director, provided however if after winding down, liquidation and payment of all debts, there is any remaining capital. Managing Director will be repaid "Cash Capital" first, however, Managing Director's portion of reserves for "premium recapture and loan repurchase" will be held in escrow by Bank and will be released as the loans age over a schedule of months as specified in Schedule E if not applied to "repurchase or recapture". If at month twelve (12), West fails to meet the criteria of 3.1(ii) and both parties elect to continue operations, or if at month eighteen (18), West fails to meet the criteria of 3.1(iii) and both parties desire to continue operations, then Managing Director and Bank must negotiate a revised Agreement within 15 calendar days or the procedures for early termination and closure of the West operations as described above will automatically occur.
View Source

Examples of Trailing Twelve Months in a sentence

  • For the avoidance of doubt, any amount of the Trailing Twelve Month's Economic Earnings for any fiscal year ending on any Vesting Date prior to a Shortfall Date that is in excess of $70,000,000.00 may be included in any calculation to determine whether Performance Shares shall become Vested Shares as of a subsequent Short-Fall Date.

  • The consideration to be paid to the Shareholders for such Remaining Stock shall be based upon the "Trailing Twelve Months Earnings Per Share" of Trans-Mex as of the calendar month ending prior to the month in which a "Triggering Event" (as defined below) occurs, multiplied by 10.4 (the.

  • Notwithstanding the foregoing, Trailing Twelve Months Earnings Per Share shall be calculated after (ii) payment of all lease payments on leased rolling stock, and (iii) in the event any rolling stock is purchased rather than leased, any depreciation deductions and all interest payments made with respect to such purchased rolling stock up to, but not exceeding, on an aggregate basis, the amount which would have been deducted from earnings had said rolling stock been leased over forty-eight (48) months.

  • Notwithstanding any other provision of this Agreement, any Performance Shares that are Unvested Shares as of immediately following the final determination of the Trailing Twelve Month's Economic Earnings for the fiscal year ending on the Third Vesting Date shall automatically and immediately be surrendered to the Company and cancelled without any payment to the CEO for such Unvested Shares.

  • The consideration to be paid to the Individual Shareholders for the Remaining Shares shall be based upon the "Trailing Twelve Months Earnings Per Share" of Trans-Mex as of December 31, 2003 multiplied by 10.4 (the "Multiple") all reduced by the unpaid principal of the current and long-term debt of Trans-Mex outstanding as of December 31,2003 (the "Outstanding Debt").

  • The Hurdle Amount shall be determined on a quarterly basis, and will be calculated by multiplying 8.0% by the average of the Company’s net asset value at the beginning of each applicable calendar quarter comprising the relevant Trailing Twelve Months.

  • The term "Trailing Twelve Months Earnings Per Share" shall mean, for any period, the earnings of Trans-Mex based on GAAP, (i) prior to payment of all interest, taxes, depreciation, amortization and the Administrative Facilities Deduction ("AFD") granted by the Mexican government for the benefit of transportation companies divided by the total number of issued and outstanding shares of Trans-Mex at the end of such period.

  • Minimum Trailing Twelve Months Earnings Before Taxes (for periods ending after 12/31/2011).

  • If the Trailing Twelve Months Adjusted EBITDA (as defined below) for the full twelve calendar months immediately prior to the Closing (the “Target EBITDA”) is equal to or greater than $1,224,776.25 (the “Floor”), or equal to or less than $2,041,293.75 (the “Ceiling”), there will be no adjustment to the Purchase Price.

  • The purchase price for the Shares shall be an amount equal to the gross sales revenue (the “Revenue”) of the Trailing Twelve Months of the Corporation as of the Closing Date (as defined below) times a multiple of 1.35 (the “Purchase Price”).