Trailing Four Quarters definition

Trailing Four Quarters. Section 4.07(a)
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Trailing Four Quarters means with respect to any date at which it is to be determined, the fiscal quarter then ended and the three immediately preceding fiscal quarters, considered as a single period; provided, however, that for each of the first three (3) fiscal quarters following the Completion Date, "Trailing Four Quarters" shall mean the period from the Completion Date to the last day of such fiscal quarter.
Sample 1
Trailing Four Quarters means, with respect to any date of determination, the fiscal quarter then ended and the three (3) immediately preceding fiscal quarters considered as a single period.
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Examples of Trailing Four Quarters in a sentence

  • Financial Performance - Trailing Four Quarters 1) Adjusted EBITDA is a non-GAAP measure and represents operating earnings before interest expense, income taxes, depreciation and amortization, and other non-operating income and/or expense, if any.

  • Such notice shall, depending on which condition is relied upon in determining that a Trigger Event has occurred, set forth either (x) the Covered Insurance Subsidiaries’ Risk-Based Capital Ratio or (y) the Trailing Four Quarters Consolidated Net Income Amount and the Adjusted Stockholders’ Equity Amount, as applicable, and the extent to which these amounts must increase in order for payments of interest from sources other than the Alternative Payment Mechanism to resume.

  • If a Net Availability Shortfall occurs at any time, compliance with the financial covenants set forth in Sections 7.3(a), (b) and (c) shall be determined and tested for both the Trailing Four Quarters Testing Period and the Current Four Quarters Testing Period.

  • PKA 9/30 9/30/98 14.13 1,849 26,117 --------------------------------------------------------------------------------------------------------------------- Financial Data (Trailing Four Quarters, in $ thousands) -------------------------------------------------------------------------------------------------- Net Total Total Common Total .

  • HBAC Reports 2010 Second Quarter Results – Page 4 Hawker Beechcraft Acquisition Company, LLC Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Trailing Four Quarters for the Period Ended June 27, 2010 (In millions) Adjusted EBITDA is a non-GAAP financial measure that is useful in evaluating the ability of issuers of “high-yield” securities to meet their debt service obligations.

  • While the determination of appropriate adjustments in the calculation of ACCF is subject to interpretation under the terms of the 11% Notes, management believes the adjustments described below are in accordance with the covenants in the 11% Notes.The following table reconciles net earnings (loss) to CCF and ACCF for the trailing four quarters ending April 3, 2010 and April 4, 2009: Trailing Four Quarters Ending (1) (2) (3) (1)+(2)-(3) Year Ended First Quarter First Quarter Successor Predecessor Dec.

  • If a Net Availability Shortfall occurs at any time during a fiscal quarter, compliance with the financial covenants set forth in Sections 7.3(a) and (b) shall be determined and tested for both the Trailing Four Quarters Testing Period and the Current Four Quarters Testing Period.

  • The Companies and their Subsidiaries shall not be deemed to have violated any of the financial covenants for the Trailing Four Quarters Testing Period, unless the Companies and their Subsidiaries shall also fail to comply with one or more of the financial covenants for the Twelve Months Testing Period.

  • While the determination of appropriate adjustments in the calculation of ACCF is subject to interpretation under the terms of the 11% Notes, management believes the adjustments described below are in accordance with the covenants in the 11% Notes.The following table reconciles net earnings (loss) to CCF and ACCF for the trailing four quarters ending July 3, 2010 and July 4, 2009: Trailing Four Quarters Ending (1) (2) (3) (1)+(2)-(3) Year Ended First Half First Half (Successor) (Predecessor) Dec.

  • In that Compliance Certificate or a subsequent Special Compliance Certificate furnished to you, I reported that the Companies had failed to comply with the financial covenants set forth in Section 7.3 of the Financing Agreement for the Trailing Four Quarters Testing Period ending on the last day of such fiscal quarter.


More Definitions of Trailing Four Quarters

Trailing Four Quarters means the period from the day which is the first day of the first calendar month immediately following the Vencor Effective Date to the date of determination considered as a single period.
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Trailing Four Quarters means the period from the Completion Date to the last day of such fiscal quarter.
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Trailing Four Quarters or “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.
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Related to Trailing Four Quarters

  • 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.

  • 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.

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

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

  • Four Quarter Period has the meaning set forth in the definition of “Consolidated Fixed Charge Coverage Ratio.”

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

  • Quarterly Valuation Date means the last Business Day of the last month of each fiscal quarter of the Trust in each fiscal year of the Trust, commencing November 29, 2002.

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

  • Run-Out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • 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.

  • Baseline Period means the 12-month period immediately preceding October 30, 2016.

  • 12-Month Period means a rolling 12-month period measured backward from the date leave is taken and continuous with each additional leave day taken.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • 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.

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

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Measurement Period means, at any date of determination, the most recently completed four fiscal quarters of the Borrower.

  • Month means calendar month.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • EBITDAX means, for any period, the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted from Consolidated Net Income in such period: interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar noncash charges, minus all noncash income added to Consolidated Net Income.

  • Earnout Period has the meaning set forth in Section 2.5(a)(iii).