LTM Period definition

LTM Period means the 12-month period ending on the last day of the fiscal quarter prior to which, as applicable, the Termination Payment Time or the Liquidated Damages Event occurs.

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LTM Period means, with respect to any 12-month measurement period, the most recently completed four consecutive fiscal quarters of the Main Issuer and its Subsidiaries, ending as of the last day of the most recently completed fiscal quarter for which internal financial statements are available and considered as one period.

LTM Period means, as of the date of determination, the period of four (4) consecutive fiscal quarters most recently ended for which financial statements required by Section 6.1 have been (or were required to be) delivered hereunder; provided, that as of each date of determination to occur up to and including December 31, 2021, the period shall be the four (4) consecutive fiscal quarters then last ended (and such LTM Period(s) shall include by reference the applicable Stipulated EBITDA).

Examples of LTM Period in a sentence

If Seller Note EBITDA during the Measurement Period (or, if determined in connection with a Triggering Change of Control, LTM Period) is equal to or greater than the Applicable Upper EBITDA Threshold, the Additional Seller Note Amount shall be equal to the product of $150,000,000 multiplied by the Additional Seller Note Amount Multiple (such product, the “Maximum Additional Seller Note Amount”).
If Seller Note EBITDA during the Measurement Period (or, if determined in connection with a Triggering Change of Control, LTM Period) is less than or equal to $120,000,000, the Additional Seller Note Amount shall be equal to $0, no Additional Seller Note shall be issued and neither Purchaser nor any of its Affiliates shall have any Liability in respect thereof.
In the event of a termination pursuant to this Section 16.2, Owner shall pay to Manager a termination fee in an amount equal to: (a) the average monthly Base Fee earned during the LTM Period (which monthly amount will be no less than One Hundred Fifty Thousand and no/100 U.S. Dollars ($150,000.00)) multiplied by (b) the lesser of (i) twenty-four (24), or (ii) the number of full calendar months then remaining in the Term.

More Definitions of LTM Period

LTM Period means, on any Quarterly Date, the last twelve (12) month period ending on such Quarterly Date.

LTM Period means any consecutive twelve (12)-month period ending (a) on March 31, June 30, September 30 or December 31 of a particular year and (b) at least twelve (12) months after the Closing Date.

LTM Period means, as of any date, the most recent period of twelve (12) consecutive calendar months.

LTM Period means the most recent period of twelve consecutive fiscal months of Holdings for which financial statements have been delivered, or were required to have been delivered, pursuant to Section 5.01(a), (b) or (c).

LTM Period means the most recent four consecutive fiscal quarters of the Company then last ended (in each case taken as one accounting period) for which financial statements are internally available (as determined in good faith by the Company), in each case, prior to such date of determination.

LTM Period means, at any time, the last four consecutive fiscal quarters of the Borrower ending at, or immediately prior to, such time.

LTM Period shall have the meaning given in the definition of Appraised ---------- Price.