Financial Quarter(s) definition

Financial Quarter(s) means, in respect of any calendar year, the consecutive 3 month periods ending on 31 March, 30 June, 30 September and 31 December respectively in that calendar year. Guarantee means, in respect of a Rig, the guarantee and indemnity granted in respect of the SPA for that Rig by the relevant Guarantor, details of which are specified in Schedule 5. Guarantor means, in respect of a Rig, the company which has guaranteed the obligations of the Principal Debtor under the SPA relating to that Rig, as specified in Schedule 4. Hayfin means Hayfin Services LLP.
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Financial Quarter(s) means the relevant financial quarter(s) of the Financial Year.
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Examples of Financial Quarter(s) in a sentence

  • No more than two New Investments may be made until the Termination Date and no two New Investments may be made in consecutive Financial Quarters.

  • It will ensure that, as at the end of each Financial Quarter (on the basis of the four Financial Quarters then ended with respect to EBITDA), the combined assets and EBITDA of the Excluded Subsidiaries (calculated on a combined basis) shall comprise 10% or less of the consolidated assets and EBITDA, as the case may be, of the Borrower, the Consolidated Subsidiaries and the Excluded Subsidiaries (calculated on a consolidated basis).

  • The first annual period for the cash sweep will be the period from Plan Implementation until the end of the fourth full Financial Quarter after Plan Implementation, the second annual period for the cash sweep will be the next four Financial Quarters, and so on.

  • The calculations of these items will exclude the periods prior to the commencement of the third full Financial Quarter following Plan Implementation with EBITDA under covenants 3 and 4 being annualized until there are four full Financial Quarters of EBITDA for such calculations.

  • Maintain, at all times, a maximum ratio, calculated at the end of each Financial Quarter for the four consecutive Financial Quarters then ended, of Total Net Debt to Consolidated EBITDA of (i) 4.25:1 for the Financial Quarter ended April 30, 2000; (ii) 3.75:1 for the Financial Quarter ended July 31, 2000; (iii) 3.50:1 for the Financial Quarters ended October 31, 2000 and January 31, 2001; and (iv) 3.0:1 thereafter.

  • No more than two New Regulatory Investments may be made until the Termination Date and no two New Regulatory Investments may be made in consecutive Financial Quarters.

  • Maintain, at all times, a maximum ratio, calculated at the end of each Financial Quarter of Senior Net Debt to Consolidated EBITDA of (i) 3.5:1 for the Financial Quarters ended April 30, 2000 and July 31, 2000; (ii) 3.25:1 for the Financial Quarters ended October 31, 2000 and January 31, 2001; (iii) 3.0:1 for the Financial Quarters ended April 30, 2001, July 31, 2001 and October 31, 2001; and (iv) 2.5:1 for each Financial Quarter thereafter.

  • Ensure, at all times, that Total Debt does not exceed (i) 75% of Capitalization for the Financial Quarters ended April 30, 2000 and July 31, 2000; (ii) 65% of Capitalization for the Financial Quarters ended October 31, 2000 and January 31, 2001; and (iii) 50% of Capitalization for each Financial Quarter thereafter.

  • Maintain, at all times, tested as at the end of each Financial Quarter in each Financial Year, a minimum Unconsolidated Coverage Ratio calculated as at the end of such Financial Quarter for the four Financial Quarters then ended, of not less than 1.25:1.00.

  • The financial covenants listed in this section 8.03 shall be calculated with respect to the Financial Quarters ending October 31, 2001 and January 31, 2002, on the assumption there shall be no scheduled principal repayments hereunder by the Borrowers until October 31, 2003 and excluding Adesta.