Increased Financial Reporting Period definition

Increased Financial Reporting Period means the period commencing after the continuance of an Increased Financial Reporting Event and continuing until the date when no Increased Financial Reporting Event has occurred for 60 consecutive days. "Increased Reporting Event" means if at any time Availability is less than the lesser of (x) $18,750,000 and (y) the greater of (a) 17.5% of the Maximum Revolver Amount and (b) $8,750,000. "Increased Reporting Period" means the period commencing after the continuance of an Increased Reporting Event and continuing until the date when no Increased Reporting Event has occurred for 60 consecutive days. "Indebtedness" as to any Person means (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes, or other similar instruments and all reimbursement or other obligations in respect of letters of credit, bankers acceptances, or other financial products, (c) all obligations of such Person as a lessee under Capital Leases, (d) all obligations or liabilities of others secured by a Lien on any asset of such Person, irrespective of whether such obligation or liability is assumed, (e) all obligations of such Person to pay the deferred purchase price of assets (other than trade payables incurred in the ordinary course of business and repayable in accordance with customary trade practices and, for the avoidance of doubt, other than royalty payments payable in the ordinary course of business in respect of non-exclusive licenses) and any earn-out or similar obligations, (f) all monetary obligations of such Person owing under Hedge Agreements (which amount shall be calculated based on the amount that would be payable by such Person if the Hedge Agreement were terminated on the date of determination), (g) any Disqualified Equity Interests of such Person, and (h) any obligation of such Person guaranteeing or intended to guarantee (whether directly or indirectly guaranteed, endorsed, co-made, discounted, or sold with recourse) any obligation of any other Person that constitutes Indebtedness under any of clauses (a) through (g) above. For purposes of this definition, (i) the amount of any Indebtedness represented by a guaranty or other similar instrument shall be the lesser of the principal amount of the obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Indebtedness, and (ii) the amount of a...
Sample 1
Increased Financial Reporting Period means each period commencing on the date on which Excess Availability is less than an amount equal to 30% of the Maximum Revolver Amount and ending on the first date thereafter on which Excess Availability has been greater than an amount equal to 30% of the Maximum Revolver Amount for 60 consecutive days.
Sample 1Sample 2
Increased Financial Reporting Period means any period (i) commencing at any time when Availability shall be less than (A) during the Temporary Period, $45,000,000 and (B) thereafter, the greater of (x) $78,750,000 and (y) 15% of the Maximum Credit Amount (calculated without giving effect to the FILO Reserve), in either case, for a period of three (3) consecutive Business Days, and (ii) ending when Availability shall have been greater than or equal to the greater of (x) $78,750,000 and (y) 15% of the Maximum Credit Amount (calculated without giving effect to the FILO Reserve), in either case, for a period of thirty (30) consecutive days. “Incur” means issue, assume, guarantee, incur or otherwise be or become liable for; provided, however, that any Indebtedness or Equity Interests of a Person existing at the time such person becomes a Subsidiary (whether by merger, amalgamation, consolidation, acquisition or otherwise) shall be deemed to be Incurred by such Person at the time it becomes a Subsidiary. “Incurred” and “Incurrence” shall have like meanings.
Sample 1

More Definitions of Increased Financial Reporting Period

Increased Financial Reporting Period means any period (i) commencing at any time when Availability shall be less than thereafter, the greater of (x) $78,750,000 and (y) 15% of the Maximum Credit Amount (calculated without giving effect to the FILO Reserve), in either case, for a period of three (3) consecutive Business Days, and (ii) ending when Availability shall have been greater than or equal to the greater of (x) $78,750,000 and (y) 15% of the Maximum Credit Amount (calculated without giving effect to the FILO Reserve), in either case, for a period of thirty (30) consecutive days.
Sample 1
Increased Financial Reporting Period means (a) the Deemed Borrowing Base Period and (b) at all other times, any period (i) commencing at any time when Availability shall be less than the greater of (x) $60,000,000 and (y) 17.5% of the Maximum Credit Amount, in either case, for a period of three (3) consecutive Business Days and (ii) ending when Availability shall have been greater than or equal to the greater of (x) $60,000,000 and (y) 17.5% of the Maximum Credit Amount, in either case, for a period of forty-five (45) consecutive Business Days.
Sample 1

Related to Increased Financial Reporting Period

  • Financial reporting year means the latest consecutive twelve-month period for which any of the following reports used to support a financial test is prepared:

  • Increased Reporting Period means the period commencing after the continuance of an Increased Reporting Event and continuing until the date when no Increased Reporting Event has occurred for 30 consecutive days.

  • Audited financial report means and includes those items specified in Section 5 of this regulation.

  • Internal control over financial reporting means a process effected by an insurer’s board of directors, management and other personnel designed to provide reasonable assurance regarding the reliability of the financial statements, i.e., those items specified in Section 5(B)(2) through 5(B)(7) of this regulation and includes those policies and procedures that:

  • Extended Reporting Period means a designated period of time after a claims-made policy has expired during which a claim may be made and coverage triggered as if the claim has been made during the policy period.

  • Quarterly reporting period means the three-month period covered by each

  • Monthly Reporting Period The period during which servicers report Mortgage payments to the Administrator, generally consisting of the calendar month preceding the related Payment Date for Gold PCs and the second calendar month preceding the related Payment Date for ARM PCs, which period the Administrator has the right to change as provided in Section 3.05(d) of this Agreement; provided, however, that with respect to prepayments on PCs issued before September 1, 1995, the Monthly Reporting Period generally is from the 16th of a month through the 15th of the next month.

  • Weekly Reporting Period means any Level 2 Ratings Period.

  • Financial Report means the annual financial report prepared under Chapter 2M of the Corporations Act for the Company and its controlled entities;

  • Financial Reporting Measure means any measure determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures derived wholly or in part from such measures, including GAAP, IFRS and non-GAAP/IFRS financial measures, as well as stock or share price and total equityholder return.

  • Current Fiscal Year means the fiscal year for which a particular calculation is made.

  • Financial Reports means the Annual Financial Statements and the Interim Accounts.

  • Financial Reporting Measures means measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and all other measures that are derived wholly or in part from such measures. Stock price and total shareholder return (and any measures that are derived wholly or in part from stock price or total shareholder return) shall, for purposes of this Policy, be considered Financial Reporting Measures. For the avoidance of doubt, a Financial Reporting Measure need not be presented in the Company’s financial statements or included in a filing with the SEC.

  • Reporting Period shall begin on the first day of each calendar quarter and end on the last day of such calendar quarter.

  • Monthly Reporting Date means the 25th day of each month after the date of this Agreement (or if any such day is not a Business Day, the next succeeding Business Day thereafter).

  • Reporting Date means the 7th day of each Month following the Month to which the relevant Management Information relates, or such other date as may be agreed between the Parties;

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • 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.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

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

  • Quarterly Financial Statements is defined in Section 6.2(a).

  • Year-End Financial Statements has the meaning set forth in Section 3.06.

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

  • Annual Accounting Period or “Financial Year” means the period commence on 1st July and shall end on 30th June of the succeeding calendar year.

  • Financial Statement Date means December 31, 1999.

  • 12-Month Period means a rolling 12-month period measured backward from the date leave is taken and continuous with each additional leave day taken.