Initial Quarter definition

Initial Quarter has the meaning set forth in Section 6.3(e).

Initial Quarter means the period commencing the Effective Date and terminating on the last day of the calendar quarter in which the Effective Date occurs.

Initial Quarter means the first calendar quarter following the first calendar year in which Net Sales equal or exceed $500,000,000 for such calendar year; provided that if the first calendar year in which Net Sales equal or exceed $500,000,000 for such calendar year is the calendar year in which the Sales Milestone occurs, not later than thirty days (30) days after the end of such calendar year NPS shall report to Takeda the amount of Net Sales, by Product, for such calendar year.

Examples of Initial Quarter in a sentence

• The parties agree JBI will be compensated for JBI’s activities described in the Scope of Services at the following fee: Initial Quarter (July 1, 2014 – September 30, 2014) The County agrees to pay for performance of this service, and JBI agrees to accept the Fixed Fee sum of nine thousand three hundred fifty ($9,350) dollars, plus Incentive Fees of two percent (2%) of all IV-E revenue paid to the County.

• No later than [ …***…] before the first day of the first calendar quarter in which Equillium in good faith anticipates it will first require Clinical Material (“Initial Quarter”), Equillium shall provide Biocon with an initial written forecast of its requirements of Clinical Material for the […***…]-calendar quarter periods beginning on the first day of the Initial Quarter (the “Initial Forecast”).

• For the 3 calendar month period ending August 31, 2007 (the “Initial Quarter”), if Cambridge ships at least [****] HearTwave Systems ([****] the Minimum Inventory) during the Initial Quarter, Cambridge shall not be deemed to have breached its obligations hereunder to ship Products during the Initial Quarter.

• For each Initial Quarter, the Conversion Value shall be increased by an amount equal to the Conversion Value Cap less the per unit cash distribution paid with respect to each Participating Common Unit (excluding any Extraordinary Distributions) (the amount of such increase in any Initial Quarter, an “Initial Period Accretion Amount”).

• For the avoidance of doubt, the payment of an Extraordinary Distribution with respect to an Initial Quarter or Subsequent Quarter will not increase or decrease the Conversion Value of the Series A Convertible Units.

More Definitions of Initial Quarter

Initial Quarter has the meaning set forth in the definition of “Material Project EBITDA Adjustment.”

Initial Quarter has the meaning assigned to such term in Section 9.01(e)(ii)(A).

Initial Quarter means the three (3) calendar month period immediately after the Initial Launch Date.

Initial Quarter has the meaning assigned to such term in clause (1)(x) of the definition of the term “Consolidated EBITDA”.

Initial Quarter has the meaning set forth in the definition of “Material Project EBITDA Adjustment.” “Initial WTP Investment” means the total consideration provided (including, without limitation, any earn out obligations, purchase price adjustments or future payment obligations) for the initial investment by the Borrower or the applicable Loan Party in West Texas LPG pursuant to the WTP Documents. “Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four prior fiscal quarters ending on such date, to (b) the sum of (i) Consolidated Interest Charges paid in cash during such period, and (ii) imputed interest charges on Synthetic Leases Lease Obligations of the MLP, the Borrower and the Restricted Subsidiaries during such period. “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period applicable to such Loan; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three (3) months, the respective dates that fall every three (3) months after the beginning of such Interest Period shall also be Interest Payment Dates, and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date. “Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one (1), two (2), three (3), six (6), or, with the consent of each Lender, twelve (12) months thereafter, as selected by the Borrower in its Committed Loan Notice; provided, that:

Initial Quarter means each calendar quarter during 2009.

Initial Quarter means the period commencing on the Promotion Commencement Date through the day preceding the first day of the subsequent calendar quarter.