Budget Test Period definition

Budget Test Period means the rolling four-week period (or, if a four-week period has not elapsed since the Petition Date, the cumulative period since the Petition Date) most recently ended on the last Friday prior to the delivery of each Budget Variance Report.
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Budget Test Period means, as of any date of determination, (a) at any time prior to the approval of a DIP Budget pursuant to Section 5.1(o), the period beginning with the Closing Date through the most recent Sunday prior to the delivery of the applicable Budget Variance Report (Compliance) and (b) one week after the delivery of an Approved Budget pursuant to Section 5.1(o), the period beginning with the first date covered by the most recently delivered DIP Budget that has become the Approved Budget through the most recent Sunday prior to the delivery of the applicable Budget Variance Report (Compliance).
Sample 1
Budget Test Period means each of the following periods: (i) the one week period ending July 8, 2023, (ii) the two week period ending July 15, 2023, (iii) the three week period ending July 22, 2023, (iv) the four week period ending July 29, 2023, and (v) the five week period ending August 5, 2023.
Sample 1

More Definitions of Budget Test Period

Budget Test Period shall have the meaning set forth in the DIP Credit Agreement.
Sample 1
Budget Test Period means the week most recently ended on the last Sunday prior to the delivery of each Budget Variance Report (or, if a week has not elapsed since the Petition Date, the cumulative period since the Petition Date).
Sample 1
Budget Test Period means, as of any Budget Test Date, the rolling four-week period ending on such Budget Test Date, provided, that, for any Budget Test Date occurring prior to such time as four weeks have elapsed since the Petition Date, the Budget Test Period shall be the four-week period ending on such Budget Test Date (including time elapsed prior to the Petition Date).
Sample 1
Budget Test Period means, as of any Budget Test Date, the rolling four-week periodending on such Budget Test Date, provided, that, for any Budget Test Date occurring prior to such time as four weeks have elapsed since the Petition Date, the Budget Test Period shall be the four- week period ending on such Budget Test Date (including time elapsed prior to the Petition Date).
Sample 1
Budget Test Period means each four (4) week period reported in the Budget Compliance Report pursuant to Section 5.15(j)(ii)(a).
Sample 1
Budget Test Period means the period beginning on the Second Amendment Effective Date through the Saturday immediately prior to the delivery of the applicable Budget Variance Report.
Sample 1

Related to Budget Test Period

  • Test Period on any date of determination, the period of four consecutive fiscal quarters of the Borrower (in each case taken as one accounting period) most recently ended on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section 6.1.

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Budget Period means the fiscal period for which a budget is prepared.

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • LCT Test Date shall have the meaning provided in Section 1.12(b).

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

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

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

  • Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • Consolidated Debt Service Coverage Ratio means, as of any date of determination, the ratio of (a) the sum of (i) Consolidated EBITDA for the most recently completed four fiscal quarters minus (ii) income taxes payable for such period minus (iii) Consolidated Capital Expenditures for such period to (b) the sum of (i) Consolidated Interest Charges for such period plus (ii) Consolidated Scheduled Funded Debt Payments for such period.

  • Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).

  • Debt Service Coverage Ratio means a ratio for the applicable period in which:

  • Pro Forma Cost Savings means, with respect to any four-quarter period, the reduction in net costs and expenses that:

  • rest period is a paid interval which is included in the workday and is intended to give the employee an opportunity to have refreshments or a rest.

  • Fit test means the use of a protocol to qualitatively or quantitatively evaluate the fit of a respirator on an individual.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

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

  • Pro Forma EBITDA means, for any period, the Consolidated EBITDA of the Issuer and the Restricted Subsidiaries, provided that for the purposes of calculating Pro Forma EBITDA for such period, if, as of such date of determination:

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.