Applicable Fiscal Period definition

Applicable Fiscal Period means a period of twelve (12) consecutive, trailing calendar months ending at the end of each prescribed calendar month and (iv) “Funded Debt” means (A) debt for borrowed funds, (B) debt for the deferred payment by one (1) year or more of any purchase money obligation, and (C) any subordinated debt. Borrower shall calculate its Fixed Charge Coverage Ratio monthly and such calculation shall be included in each monthly compliance certificate delivered to Bank pursuant to Section 5.6(d) of the Agreement.

Applicable Fiscal Period means the period of two consecutive fiscal quarters ending at the end of each prescribed fiscal quarter.

Applicable Fiscal Period means the period of three consecutive fiscal months ending at the end of each prescribed fiscal month.

Examples of Applicable Fiscal Period in a sentence

• After the occurrence and during the continuance of a Covenant Compliance Event, the Borrowers shall not permit the Fixed Charge Coverage Ratio to be less than 1.0:1.0 tested at the end of each Applicable Fiscal Period.

• The Consolidated Fixed Charge Coverage Ratio for any Applicable Fiscal Period, as of the last day of each fiscal quarter, to be less than 1.50:1.00.

• The determination regarding the extent to which the Option becomes exercisable under this Section 2.2(a)(i) for each Applicable Fiscal Period shall be made in the manner and at the time set forth in Section 2.2(a)(iv).

• IT IS ACKNOWLEDGED AND AGREED that the Province of Ontario may implement legislation that could impact the required payments for Ambulance Calls for the Applicable Fiscal Period.

• However, neither of these tools has been utilized to anywhere near their full potential, making the boundaries of their possible use unclear and an area ripe for further discovery.3. Specifying the Applicable Fiscal Period in the Reconciliation Directives The third part of a budget reconciliation directive is a section specifying the applicable fiscal years for their consideration.

More Definitions of Applicable Fiscal Period

Applicable Fiscal Period means, as of any date of determination, the most recently ended twelve (12) Fiscal Months.

Applicable Fiscal Period means a period of four (4) consecutive, trailing fiscal quarters ending at the end of each prescribed fiscal quarter.

Applicable Fiscal Period means a period of 12 consecutive, trailing fiscal months ending at the end of each prescribed fiscal month.

Applicable Fiscal Period has the meaning set forth in Section 2.4(f).

Applicable Fiscal Period means the period of twelve (12) Fiscal Months ended as of the end of the last Fiscal Month.

Applicable Fiscal Period means the calendar month ending on the date of determination; “Funded Debt” has the meaning set forth in Section 7.1 of the Loan Agreement; and “Net Cash Proceeds” shall mean the aggregate cash proceeds received by Borrower in respect of the disposition of the Maryland Real Property, net of (a) direct costs (including, without limitation, legal, accounting and investment banking fees, and sales commissions), and (b) taxes paid or payable as a result thereof.

Applicable Fiscal Period means the applicable period set forth in the table above;