Examples of Financial Quarter in a sentence
If and so long as such Advance is an ABR Advance and subject to clause (3) below, at a rate per annum equal at all times to the ABR Rate in effect from time to time plus the Applicable Margin, calculated daily and payable in arrears (i) on the first Business Day of each Financial Quarter in each Financial Year; and (ii) when such ABR Advance becomes due and payable in full pursuant to the provisions hereof.
The Board receives updated reports on compliance at each Board meeting held after a Financial Quarter with regard to the significant legal and regulatory frameworks that are applicable to its operations.
In relation to the financial information of the Group only, the above requirements may be satisfied by the provision, within the specified time periods, of copies of reports for the Group already filed with the SEC for the relevant period (it being acknowledged that the SEC does not as at the Original Execution Date require the filing of quarterly financial statements for the fourth Financial Quarter of any financial year).
All Facility Fees will be payable in arrears at the end of each Financial Quarter and upon any termination of any Revolving Credit Commitment, in each case for the actual number of days elapsed over a 365 or 366 day year, as the case may be.
All Documentary Credit Fees will be payable quarterly in arrears on the first Business Day of each Financial Quarter in respect of the prior Financial Quarter, and upon any termination of any Commitment under the Revolving Credit Facility, in each case for the actual number of days elapsed over a year of 365 or 366 days, as applicable.