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.
Sample 1
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.
Sample 1
Trailing Twelve Months. The Twelve (12) month period ending with the last day of a month.
Sample 1

Examples of Trailing Twelve Months in a sentence

  • XXIV/25; Feb 8 - 21, 2010* Trailing Twelve Months ended December 31, 2009#Last Reported Fiscal ended March 31, 2009.

  • Return on Equity = Trailing Twelve Months Net Earnings / Shareholders’ Equity averaged for start and end of the twelve months.

  • Desai Valuation Report 3.8.2.2. For the purpose of arriving at the value under this method I have considered the profitability of the IGF Division for year ended March 31, 2019 and March 31, 2020.3.8.2.3. The amount of Depreciation and Interest has been added to Adjusted Profit before Tax (“APBT”) to arrive at Adjusted Earnings before Interest, Tax, Depreciation and Amortization (“Adjusted EBITDA”) for the Trailing Twelve Months (“TTM”) ended March 31, 2019 and March 31, 2020.

  • Management uses non-IFRS measures such as Earnings Before Interest,Taxes, Depreciation and Amortization (“EBITDA”), Compound Annual GrowthRate (“CAGR”) and Trailing Twelve Months Earnings per Share (“TTM EPS”) to provide investors with supplemental measures of the Company’s operating performance and thus highlight trends in the Company’s core business that may not otherwise‌‌‌‌be apparent when relying solely on IFRS financial measures.

  • See Reconciliation of GAAP LeverageFacility Leverage Ratio for calculation and reconciliation of Adjusted Credit Facility EBITDA.Ratio to Credit Trailing Twelve Months March 31, 2021Adjusted Credit Facility EBITDA($360)Less: 5% of hotel property gross revenue (48)Credit Facility Fixed Charge Coverage Ratio EBITDA ($408) (2) The following table calculates the fixed charges per our credit facility definition.

  • Stewart Mortgage Services Revenues Trailing Twelve Months - $ Millions Note: Years prior to 2012 not restated for change in segment reporting effective with Q4 2012 reporting.

  • Return on Equity = Trailing Twelve Months Net Earnings / Shareholders' Equity averaged for start and end of the twelve months.

  • Regardless of reason for withdrawal, financial obligations must still be met.

  • Coverage Ratio1 (Trailing Twelve Months) vs Price of Crude (April 2014 – June 2016) 2 – Total unitholder returns as of August 12, 2016.

  • Leasing Activity for the Trailing Twelve Months Ended December 31 - Comparable and Non-Comparable Space for Executed Leases (1) (2) (1)For consolidated properties and domestic unconsolidated joint ventures at pro rata share owned as of the period-end date, except for leasing transactions, which are shown at 100%.


More Definitions of Trailing Twelve Months

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. Dated September 28, 2001 BORROWER PRINCIPALS ------------------- APPLE HOSPITALITY TWO, INC., a Virginia corporation By: /s/ Xxxxx X. Xxxxxx ----------------------------------- Xxxxx X. Xxxxxx ----------------------------------- President ----------------------------------- APPLE SUITES ADVISORS, INC., a Virginia corporation By: /s/ Xxxxx X. Xxxxxx ----------------------------------- Xxxxx X. Xxxxxx ----------------------------------- President ----------------------------------- REAFFIRMATION AND CONSENT OF ORIGINAL BORROWER PRINCIPAL Marriott Residence Inn USA Limited Partnership, a Delaware limited partnership, ("Borrower Principal") hereby consents to the terms, conditions and provisions of the foregoing Consent and Amendment Agreement with Release ("Agreement") and the transactions contemplated by that Agreement. Borrower Principal agrees to be bound by the provisions of the release set forth in Section 14 of the Agreement, the same as though Borrower Principal had been a signatory to said Agreement. Borrower Principal hereby reaffirms the full force and effectiveness of the Acknowledgment and Agreement of the Borrower Principals to Personal Liability for the Exceptions to Non-Recourse attached to the Note dated December 29, 1999 ("Acknowledgment"). In addition, Borrower Principal acknowledges that its obligations under the Acknowledgment are separate and distinct from those of Borrower on the Loan. Dated September 28, 2001 BORROWER PRINCIPAL ------------------ MARRIOTT RESIDENCE INN USA LIMITED PARTNERSHIP a Delaware limited partnership By: AHT Res III GP, Inc., a Virginia corporation, Its general partner
Sample 1

Related to Trailing Twelve Months

  • Twelve-Month Period means a twelve-month period ending on the first anniversary of the Effective Date or on each subsequent anniversary thereof.

  • Month means a calendar month.

  • Billing Month is defined in Section 9.1(b).

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Fiscal Quarters means the period from January 1 to March 31, April 1 to June 30, July 1 to September 30 and October 1 to December 31 of the applicable year.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

  • Average Annual Debt Service means, at the time of calculation, the sum of the Annual Debt Service for the remaining years of the loan to the last scheduled maturity of the loan divided by the number of those years.

  • Fiscal Month means any of the monthly accounting periods of Borrower.

  • Reference Month means the calendar month for which the level of the Inflation Index is reported as specified in the applicable Final Terms, regardless of when this information is published or announced, except that if the period for which the Relevant Level was reported is a period other than a month, the Reference Month shall be the period for which the Relevant Level is reported.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Rolling Period means, as of any date, the four Fiscal Quarters ending on or immediately preceding such date.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Fiscal Quarter means a fiscal quarter of any Fiscal Year.

  • months shall be construed in accordance with Clause 1.3;

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Calendar Month means calendar month according to the Gregorian calendar.

  • Period shall have the meaning ascribed to it in Schedule 8;

  • Average annual rainfall means a typical calendar year of precipitation as determined by the Wisconsin Department of Natural Resources for users of models such as WinSLAMM, P8 or equivalent methodology. The average annual rainfall is chosen from a department publication for the location closest to the municipality.

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Consolidated Revenues means, for any period, the consolidated net revenue of the Company and the Restricted Entities for such period determined in accordance with GAAP.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;