Financial Quarter Date definition

Financial Quarter Date means each March 31, June 30, September 30 and December 31.

Financial Quarter Date means each of 31 March, 30 June, 30 September and 31 December.

Financial Quarter Date means 31 December, 2005 and, thereafter, the date on which the quarterly accounting period of each Borrower ends, being:

Examples of Financial Quarter Date in a sentence

• If the Restricted Payment Condition was not satisfied as at any Financial Quarter Date but is subsequently satisfied on any following Financial Quarter Date, an Obligor may make a Restricted Payment in the following Financial Quarter but only to the extent the Further Restricted Payment Maximum would not be less than zero following the making of such Restricted Payment until the Restricted Payment Condition has been satisfied on eight consecutive Financial Quarter Dates.

• These covenants will provide that: (a) Net Worth Covenant: the Net Worth of the Securitisation Group in aggregate as at the end of each Financial Year shall be equal to or greater than £90 million (the “Net Worth Covenant”); and (b) FCF DSCR Covenant: the Free Cashflow DSCR of the Securitisation Group shall not, on any Financial Quarter Date, in respect of the most recent Relevant Period or the most recent Relevant Year be less than 1.1:1 (the “FCF DSCR Covenant” or the “Debt Service Covenant”).

• Free Cashflow for the Relevant Period or, as the case may be, the Relevant Year ending on such Financial Quarter Date to (b) Debt Service for the Relevant Period or, as the case may be, the Relevant Year, ending on such Financial Quarter Date.

• If the Restricted Payment Condition was not satisfied as at any Financial Quarter Date but is subsequently satisfied on any following Financial Quarter Date, an Obligor may make a Restricted Payment in the following Financial Quarter but only to the extent the Further Restricted Payment Maximum would not be less than zero following the making of such Restricted Payment until the Restricted Payment Condition has been satisfied on six consecutive Financial Quarter Dates.

• FCF DSCR Covenant: the Free Cashflow DSCR of the Borrowers shall not, on any Financial Quarter Date, in respect of the most recent Relevant Period or the most recent Relevant Year be less than 1.10:1 (the " FCF DSCR" or the "Debt Service Covenant").

More Definitions of Financial Quarter Date

Financial Quarter Date means, in respect of the Financial Year current at the time of the First Closing Date, 1 May, 2005 and, thereafter, the date on which the quarterly accounting period of each Borrower ends, being:

Financial Quarter Date means, in respect of the Financial Year current at the time of the Closing Date, 17 January 2004, 10 April 2004, 3 July 2004 and 25 September 2004 and, thereafter, the date on which the quarterly accounting period of each Borrower ends, being:

Financial Quarter Date means 1 January, 1 April, 1 July and 1 October in each year;

Financial Quarter Date the last day of a Financial Quarter. “Foreign Currency” any lawful money that is not USD or Sterling.

Financial Quarter Date means the last day of a Financial Quarter.

Financial Quarter Date means, in respect of the financial year current at the time of the Third Closing Date, 13 December 2003, 6 March 2004, 29 May 2004 and 21 August 2004 and, thereafter, the date on which the quarterly accounting period of the Borrower ends, being:

Financial Quarter Date means, in respect of the Financial Year current at the time of the Closing Date, 17 January 2004, 10 April 2004, 3 July 2004 and 25 September 2004 and, thereafter, the date on which the quarterly accounting period of each Borrower ends, being: