Quarterly Test Clause Samples

Quarterly Test. The Company shall, as of the last day of each calendar month ending during any one of the periods specified below (commencing September 30, 1998), maintain EBITDA for the three calendar months then ended of not less than: From and To and EBITDA shall not be including including less than: 9/30/98 12/15/98 $ 0 12/16/98 3/15/99 $ 500,000 3/16/99 6/15/99 $ 600,000 6/16/99 9/15/99 $ 700,000 9/16/99 12/15/99 $ 850,000 12/16/99 At all times thereafter $1,000,000
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Quarterly Test. The Quarterly Test is the calculation for account growth. The Quarterly Test is performed each quarter for each client firm participating in the Legacy [***],[***]or Envestnet Direct programs. Envestnet will compare the number of accounts at the end of the quarter to the number of accounts at the beginning of the quarter for a given client firm. If the number of accounts at the end of the quarter is higher than the number of accounts at the beginning of the quarter, then Envestnet will pay NFS the [***] Certain information has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
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Quarterly Test. (i) Consolidated Net Worth as of end of any fiscal quarter $ (ii) Cumulative Net Income (from 6/30/97) times 50% plus $120,000,000 = $ (iii) (i) minus (ii) = $ (i) Funded Debt $ (ii) Earnings before Interest and Taxes plus depreciation and amortization = $ (iii) Ratio of (i) to (ii) = to 1 (i) Consolidated Earnings Before Taxes and Interest plus depreciation for the four fiscal quarters ended ______ = $ (ii) Interest payable on Consolidated Total Liabilities for same period = $ (iii) Ratio of (i) to (ii) = to 1
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Quarterly Test. (i) Consolidated Net Worth as of end of any fiscal quarter $ ________ (ii) Cumulative Net Income (from 6/30/97) times 50% plus $120,000,000 = $ ________ (iii) (i) minus (ii) = $ ________ (i) Funded Debt $ ________ (ii) Earnings before Interest and Taxes plus depreciation and amortization = $ ________ (iii) Ratio of (i) to (ii) = to 1 (i) Consolidated Earnings Before Taxes and Interest plus depreciation for the four fiscal quarters ended ______ = $ ________ (ii) Interest payable on Consolidated Total Liabilities for same period = $ ________ (iii) Ratio of (i) to (ii) = to 1 (i) Current Assets = $ ________ (ii) Current Liabilities = $ ________ (iii) Ratio of (i) to (ii) = to 1
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Quarterly Test. (i) At the end of each fiscal quarter set forth below, the Parent shall maintain a Fixed Charge Coverage Ratio of not less than the respective amount set forth below for the four consecutive fiscal quarter period ending on the last day of the applicable fiscal quarter: Fiscal Quarter End Fixed Charge Coverage Ratio ------------------ --------------------------- February 3, 2001 .40:1.00 May 5, 2001 .50:1.00 August 4, 2001 .70:1.00 November 3, 2001 1.00:1.00 and each fiscal quarter thereafter 1.00:1.00 (ii) The above covenant shall be tested as follows: The Credit Parties shall deliver to the Administrative Agent not later than (x) 30 days following the end of each of the first three fiscal quarters of each fiscal year and (y) 40 days following the fiscal year end a calculation of the Fixed Charge Coverage Ratio in such detail as shall be acceptable to the Administrative Agent together with an officer's certificate of the chief financial officer or the treasurer of the Parent stating whether the Parent is in compliance with the Fixed Charge Coverage Ratio for the applicable four fiscal quarter period, provided that in the event the calculation and the certificate set forth in this Section 9.26(a)
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Related to Quarterly Test

  • Quarterly Compliance Certificate Within forty five (45) days after the last day of each fiscal quarter and together with the quarterly financial statements, a duly completed Compliance Certificate signed by a Responsible Officer, certifying that as of the end of such fiscal quarter, the Loan Parties were in full compliance with all of the terms and conditions of this Agreement, and, if applicable, setting forth calculations showing compliance with the financial covenants set forth in this Agreement and such other information as Agent may reasonably request (including at the direction of Required Lenders).

  • Quarterly Compliance Certificates Together with each delivery of any quarterly report pursuant to paragraph (a)(i) of this Section 8.2, the Borrower shall deliver Officer’s Certificates, substantially in the form of Exhibit F attached hereto of the Borrower and the Company (the “Quarterly Compliance Certificates”), signed by the Borrower’s and the Company’s respective Authorized Financial Officers representing and certifying (1) that the Authorized Financial Officer signatory thereto has reviewed the terms of the Loan Documents, and has made, or caused to be made under his/her supervision, a review in reasonable detail of the transactions and consolidated and consolidating financial condition of the Company, the Borrower and its Subsidiaries, during the fiscal quarter covered by such reports, that such review has not disclosed the existence during or at the end of such fiscal quarter, and that such officer does not have knowledge of the existence as at the date of such Officer’s Certificate, of any condition or event which constitutes an Event of Default or Potential Event of Default or mandatory prepayment event, or, if any such condition or event existed or exists, and specifying the nature and period of existence thereof and what action the General Partner and/or the Borrower or any of its Subsidiaries has taken, is taking and proposes to take with respect thereto, (2) the calculations (with such specificity as the Administrative Agent may reasonably request) for the period then ended which demonstrate compliance with the covenants and financial ratios set forth in Articles IX and X and, when applicable, that no Event of Default described in Section 11.1 exists, (3) a schedule of the Borrower’s outstanding Indebtedness, including the amount, maturity, interest rate and amortization requirements, as well as such other information regarding such Indebtedness as may be reasonably requested by the Administrative Agent, (4) a schedule of Combined EBITDA, (5) a schedule of Unencumbered Combined EBITDA, and (6) calculations, in the form of Exhibit G attached hereto, evidencing compliance with each of the financial covenants set forth in Article X hereof.

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • Quarterly Sales Reports The Contractor shall submit a completed Quarterly Sales Report electronically, in the required format, to the Department’s Contract Manager within thirty (30) calendar days after close of each quarter. The State’s fiscal quarters close on September 30, December 31, March 31, and June 30. The quarterly sales report can be found here: ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇▇▇▇▇▇▇.▇▇▇/business_operations/state_purchasing/vendor_resources/quart erly_sales_report_format. The Contract Quarterly Sales Report will include all sales and orders associated with this Contract from Customers received during the reporting period. Initiation and submission of the Sales Report is the responsibility of the Contractor without prompting or notification from the DMS Contract Manager. Failure to provide the quarterly sales report will result in the imposition of financial consequences and may result in the Contractor being found in default and the termination of the Contract. Initiation and submission of the quarterly sales report are the responsibility of the Contractor without prompting or notification by the Department. Sales will be reviewed on a quarterly basis. If no sales are recorded during the period, the Contractor must submit a report stating that there was no activity. If no sales are recorded in two consecutive quarters, the Contractor may be placed in probationary status or the Department may terminate the Contract. Quarter 1 – (July-September) – due 30 calendar days after the close of the period Quarter 2 – (October-December) – due 30 calendar days after the close of the period Quarter 3 – (January-March) – due 30 calendar days after the close of the period Quarter 4 – (April-June) due 30 calendar days after the close of the period Exceptions may be made if a delay in submitting reports is attributable to circumstances that are clearly beyond the control of the Contractor. The burden of proof of unavoidable delay shall rest with the Contractor and shall be supplied in a written form and submitted to the Department. The Department reserves the right to request additional sales information as needed.

  • Term Contract Quarterly Sales Reports The Contractor shall submit Quarterly Sales Reports in the manner and format required by the Department within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). The Quarterly Sales Report template can be found here: Quarterly Sales Report Format / Vendor Resources / State Purchasing / Business Operations / Florida Department of Management Services - DMS (▇▇▇▇▇▇▇▇▇.▇▇▇). Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department. Sales will be reviewed on a quarterly basis. If no sales are recorded in two consecutive quarters, the Contractor may be placed on probationary status, or the Department may terminate the Term Contract. Failure to provide the Quarterly Sales Report, or other reports requested by the Department, will result in the imposition of financial consequences and may result in the Contractor being found in default and the termination of the Term Contract.