First Fiscal Quarter definition

First Fiscal Quarter means, with respect to any Fiscal Year, the four Fiscal Month period beginning with the first Fiscal Month of such Fiscal Year.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

First Fiscal Quarter means the first Fiscal Quarter (or if applicable, a partial Fiscal Quarter) commencing after the Effective Date of this Agreement and after Company or an applicable Affiliated Company or Buying Company has paid an aggregate amount of County Sales or Use Tax Revenue that equals or exceeds Five Hundred Thousand Dollars ($500,000) since the Effective Date. As an example, if the Effective Date is February 1, but Company has paid an aggregate of $600,000 of County Sales Tax or Use Revenues since the Effective Date and prior to the period ending on March 31, the First Fiscal Quarter shall be deemed to be the partial fiscal quarter commencing on February 1 and ending on March 31.

First Fiscal Quarter means the fiscal period ending on the Saturday ending sixteen weeks after the last day of any Fiscal Year as set forth on Schedule 1.01(b) hereto.

Examples of First Fiscal Quarter in a sentence

• Each statement of operations, shareholders’ equity, income and cash flows included in the First Fiscal Quarter 2007 Financial Statements fairly and accurately presents in all material respects the results of operations and changes in cash flows, as the case may be, of the Company and its Subsidiaries, as applicable, for the periods set forth therein, subject to normal year end and quarter end adjustments and the absence of notes to such statements.

• The First Fiscal Quarter 2007 Financial Statements have been prepared from, and are in accordance with, the information contained in the Company’s and its Subsidiaries’ books and records, which books and records are accurate and complete in all material respects and have been maintained on a basis consistent with the past practice of the Company and its Subsidiaries.

• The Unfunded Liabilities of all Single Employer Plans is $0 except that funding of any money purchase pension plan may be delayed each Fiscal Year until the end of the First Fiscal Quarter thereof.

• The First Fiscal Quarter 2007 Financial Statements fairly and accurately present in all material respects the financial condition and results of operations of the Company and its Subsidiaries as of the times and for the periods referred to therein, subject to (i) the absence of footnote disclosures and other presentation items and (ii) changes resulting from normal year-end adjustments.

• First Fiscal Quarter of Fiscal $6,500,000 Year 2002 and each Fiscal Quarter thereafter for the four fiscal quarter then ended.

• First Fiscal Quarter of Fiscal $5,000,000 Year 2001 for the four fiscal quarters then ended.

• The CCI Adjusted Tangible Net Worth will not be less than the following amounts at the end of each of the Fiscal Quarters during the following Fiscal Years: Fiscal Quarters in the Following Fiscal Years 1st Quarter 2nd Quarter 3▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇ Fiscal Year Ending December 31, 1998 $23,000,000 $24,700,000 First Fiscal Quarter during Fiscal Year Ending December 31, 1999 The CCI Adjusted Tangible Net Worth as of December 31, 1998 less $1,500,000.

• First Fiscal Quarter 1998 .90:1.00 Second Fiscal Quarter 1998 1.00:1.00 Third Fiscal Quarter 1998 1.25:1.00 Fiscal Year End 1998 1.25:1.00 First Fiscal Quarter 1999 and thereafter 1.50:1.00 Notwithstanding the definition of Fixed Charge Coverage Ratio, for the first three Fiscal Quarters of 1998, the Fixed Charge Coverage Ratio shall be calculated for the period commencing on October 4, 1997 and ending on such date.

• The first one hundred thousand dollars ($100,000.00) of Local Sales Tax Revenues collected by City from Retail Facilities each year of the Term (“Annual Retained Amount”) shall be retained by City in its entirety from the Local Sales Tax Revenues from the First Fiscal Quarter and, if insufficient to fully pay the Annual Retained Amount, the following Fiscal Quarter or Quarters, as necessary, and shall be retained until City has reached the Annual Retained Amount.

• First Fiscal Quarter of Fiscal Year 2001 for the $5,000,000 four fiscal quarters then ended.

More Definitions of First Fiscal Quarter

First Fiscal Quarter means the Fiscal Quarter of the Effective Date of this Agreement or portion thereof.

First Fiscal Quarter means the first fiscal quarter of the Company during any fiscal year, including the first fiscal quarters of each of the 1998, 1999 and 2000-2002 Registration Periods.

First Fiscal Quarter means the Fiscal Quarter commencing after the Effective Date of this Agreement and during which Company pays an amount of Local Sales Tax Revenues that equal or exceed $12,500.

First Fiscal Quarter. End 1999 and thereafter 1.10:1.0 ACTUAL: