Measurement Quarter definition

Measurement Quarter means that as set forth in Section 2.03(a)(ii) hereof.

Measurement Quarter is defined in Section 8.01(i).

Measurement Quarter has the meaning set forth in Section 7.5.

Examples of Measurement Quarter in a sentence

• CMS Energy shall maintain, as of the last day of each fiscal quarter (in each case, the "MEASUREMENT QUARTER"), a maximum ratio of (i) Consolidated Debt for the immediately preceding four-fiscal-quarter period ending on the last day of such Measurement Quarter (calculated exclusive of Panhandle and its Subsidiaries), to (ii) Consolidated EBITDA for such period (calculated exclusive of Panhandle and its Subsidiaries), of not more than 7.00 to 1.00, commencing with the period ending June 30, 2003.

• The Borrower shall maintain, as of the last day of each fiscal quarter (in each case, the "MEASUREMENT QUARTER"), a maximum ratio of (i) Consolidated Debt for the immediately preceding four-fiscal-quarter period ending on the last day of such Measurement Quarter, to (ii) Consolidated EBITDA for such period, of not more than 5.75 to 1.00, commencing with the period ending June 30, 2002.

• For the purpose of clause (ii) of the immediately preceding sentence, (i) such Non-Eligible Property shall be deemed to have an Advance Rate, Market Value, Property Value and Asset Purchase Price of zero and (ii) the Debt Service Coverage Ratio, the Debt Yield Ratio and the Portfolio Delinquency Amount shall be recalculated as of the most recently ended Measurement Quarter with the Annualized Net Cash Flow related to such Non-Eligible Property excluded from the applicable calculation.

• The Company shall maintain, as of the last day of each fiscal quarter (in each case, the "MEASUREMENT QUARTER"), a maximum ratio of (i) Consolidated Debt as of such day, to (ii) Consolidated EBITDA for the immediately preceding four-fiscal-quarter period ending on such day, of not more than 7.00 to 1.00, commencing with the Measurement Quarter ending June 30, 2004.

• The Company shall maintain, as of the last day of each fiscal quarter (in each case, the "MEASUREMENT QUARTER"), a maximum ratio of (i) Consolidated Debt as of such day (calculated exclusive of Panhandle and its Subsidiaries), to (ii) Consolidated EBITDA for the immediately preceding four-fiscal-quarter period ending on such day (calculated exclusive of Panhandle and its Subsidiaries), of not more than 7.00 to 1.00, commencing with the Measurement Quarter ending December 31, 2003.

More Definitions of Measurement Quarter

Measurement Quarter. On any date of determination, (a) if no Trigger Event exists, a Fiscal Quarter, or (b) if a Trigger Event exists, the three (3) immediately preceding calendar months.

Measurement Quarter is defined in Section 7.01(i).

Measurement Quarter means any calendar quarter where a representative’s performance is measured against the non-sales key performance indicators;

Measurement Quarter means any fiscal quarter ending on or after April 30, 1998.

Measurement Quarter has the meaning assigned to that term in Section 8.01(i).

Measurement Quarter has the meaning assigned to that term in Section 7.01(j).

Measurement Quarter means each of four three month periods, with the first measurement quarter commencing the day after the Closing Date and ending on the last day of the third month after the commencement of the first measurement quarter, the second measurement quarter commencing the day after the expiration of the first measurement quarter and ending on the last day of the third month after the commencement of the second measurement quarter, the third measurement quarter commencing the day after the expiration of the second measurement quarter and ending on the last day of the third month after the commencement of the third measurement quarter, and the fourth measurement quarter commencing the day after the expiration of the third measurement quarter and ending on the last day of the third month after the commencement of the third measurement quarter.