Financial Quarter Day definition

Financial Quarter Day means 31 March, 30 June, 30 September and 31 December in any year;
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Financial Quarter Day has the meaning given to that term in clause 8.6;
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Financial Quarter Day has the meaning given to that term in clause 22.1 (Financial definitions).
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Examples of Financial Quarter Day in a sentence

  • Each Ship shall, for the purposes of this clause 8.2, be valued in Dollars on 31 December 2009 and thereafter on a quarterly basis on each Financial Quarter Day, or following a Default at any time determined by the Agent.

  • The Borrower shall pay to the Agent for distribution to the Banks on each Financial Quarter Day and on the Repayment Date or such earlier date upon which the Commitment is reduced to zero or is terminated, commitment commission computed from the date of this Agreement at the rate of zero point five per cent (0.5%) per annum on the daily undrawn amount of the Commitment.

  • Each officer's duties and responsibilities are spelled out in the IASFAA By-Laws and Policies and Procedures Manual.

  • The Borrower shall pay to the Agent for distribution to the Banks on each Financial Quarter Day and on the Termination Date relative to Facility B, commitment commission computed from the date of this Agreement at the rate of zero point five per cent (0.5%) per annum on the daily undrawn amount of the Total Facility B Commitments.

  • On and from the Financial Quarter Day ending on 31 December 2009 and on each Financial Quarter Day thereafter, the Agent shall apply any Surplus Earnings standing to the credit of the Earnings Accounts in prepayment of the Loan.

  • For the avoidance of doubt the aforesaid ratio shall revert to not less than 3.00 to 1.00 by the Financial Quarter Day ending on 31 December 2008 and shall remain at not less than 3.00 to 1.00 for the rest of the Security Period.

  • Such prepayment shall be made within 60 days of the relevant Financial Quarter Day.

Related to Financial Quarter Day

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Fiscal Quarter means a fiscal quarter of any Fiscal Year.

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

  • Fiscal Quarters means the period from January 1 to March 31, April 1 to June 30, July 1 to September 30 and October 1 to December 31 of the applicable year.

  • Consolidated Total Leverage Ratio means, as of any date of determination, the ratio of (x) the sum of (a) Consolidated Total Indebtedness as of such date and (b) without duplication, the Reserved Indebtedness Amount as of such date to (y) LTM EBITDA.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Fiscal Month means any of the monthly accounting periods of Borrower.

  • 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.

  • Test Period means, on any date of determination, the period of four consecutive fiscal quarters of the Borrower then most recently ended (taken as one accounting period).

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Financial Year means a year commencing on and including the 1st day of July;

  • Leverage Ratio means, as of any date, the ratio of (i) Consolidated Total Debt as of such date to (ii) Consolidated EBITDA for the four consecutive Fiscal Quarters ending on or immediately prior to such date.

  • Total Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Net Leverage Ratio means, at any time, the ratio of (a)(i) Consolidated Total Indebtedness at such time minus (ii) the Qualified Cash Amount to (b) Consolidated EBITDA for the most recently completed period of four fiscal quarters.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • old financial year means the financial year of an issuer that immediately precedes a transition year;

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Consolidated Net Secured Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness that is secured by a Lien as of such date minus all unrestricted cash and Cash Equivalents of the Consolidated Parties as of such date to (b) Consolidated EBITDA for the period of the most recently ended four full consecutive fiscal quarters then last ended (in each case taken as one accounting period) for which financial statements have been or are required to be delivered pursuant to Section 7.01(a) or (b).

  • Consolidated Adjusted EBITDA means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • quarters means any building provided or intended to be provided for a workman to live in either temporarily or permanently and includes any room or building used or intended to be used whether communally or privately for the purposes of cooking, eating, washing or bathing and any latrines and urinals;

  • Consolidated Senior Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Senior Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.