Monthly Fiscal Period means the following monthly fiscal periods of the Securitization Entities: (a) eight 4-week fiscal periods and four 5-week fiscal periods of the Securitization Entities in connection with their 52-week fiscal years and (b) eight 4-week fiscal periods, three 5-week fiscal periods and one 6-week fiscal period of the Securitization Entities in connection with their 53-week fiscal years, whereby the 6-week period is the last fiscal period in such fiscal year.
Monthly Fiscal Period means the following fiscal periods of the Securitization Entities: (a) with respect to each 52-week fiscal year of the Securitization Entities, the first 5-week fiscal period and the remaining two four-week fiscal periods in each Quarterly Fiscal Period and (b) with respect to each 53-week fiscal year of the Securitization Entities (i) one 5-week fiscal period and the remaining two four-week fiscal periods for each of the first three Quarterly Fiscal Periods in such fiscal year, and (ii) an initial 5-week fiscal period, the subsequent four-week fiscal period, and the xxxxx 0-week fiscal period in the fourth Quarterly Fiscal Period of such fiscal year.
Monthly Fiscal Period shall have the meaning given to such term in Section 3.5(c).
Examples of Monthly Fiscal Period in a sentence
The Issuer shall, and shall cause the Manager to, cause each Guarantor to deposit all Guarantor Collections into the Concentration Account within one Business Day after receipt (or calculation, in the case of Monthly Fiscal Period Company Restaurant Profits True-up Amounts and Monthly Fiscal Period Estimated Company Restaurant Profits Amounts) as a distribution by such Guarantor to the Issuer.
On a monthly basis, the Manager shall cause the Guarantors to pay the Monthly Fiscal Period Company Restaurant Profits True-up Amounts and Monthly Fiscal Period Estimated Company Restaurant Profits Amounts in accordance with the Indenture and other Transaction Documents.
More Definitions of Monthly Fiscal Period
Monthly Fiscal Period means each calendar month.
Monthly Fiscal Period. Maximum Total Leverage Ratio Monthly Fiscal Period ending in 4.65:1.00 Annual Fiscal Period 2003 Monthly Fiscal Periods ending in 4.50:1.00 Annual Fiscal Period 2004 Monthly Fiscal Periods ending in 4.45:1.00 Annual Fiscal Period 2005 Monthly Fiscal Periods ending in 4.65:1.00 Annual Fiscal Period 2006 Monthly Fiscal Periods ending in 4.60:1.00 Annual Fiscal Period 2007 and thereafter OR
Monthly Fiscal Period. Minimum Interest Coverage Ratio ---------------------- ------------------------------- Monthly Fiscal Periods ending in Annual 2.05:1.00 Fiscal Periods 2003 through 2006 Monthly Fiscal Periods ending in Annual Fiscal Period 2007 and 2.00:1.00 thereafter
Monthly Fiscal Period. Maximum Senior Leverage Ratio ---------------------- ----------------------------- Monthly Fiscal Period ending in Annual Fiscal 1.95:1.00 Period 2003 Monthly Fiscal Periods ending in Annual Fiscal 1.85:1.00 Period 2004 Monthly Fiscal Periods ending in Annual Fiscal 1.75:1.00 Period 2005 Monthly Fiscal Periods ending in Annual Fiscal 1.95:1.00 Period 2006 Monthly Fiscal Periods ending in Annual Fiscal 1.90:1.00 Period 2007 Monthly Fiscal Periods ending in 1.95:1.00 Annual Fiscal Period 2008 and thereafter Payments of Dividends on the Capital Stock of Holdings may resume on any Dividend Payment Date if on the last day of the second Monthly Fiscal Period ending immediately preceding such Dividend Payment Date, (x) the Interest Coverage Ratio is greater than the level set forth above and the Total Leverage Ratio and the Senior Leverage Ratio are less than the levels set forth above, all on a subsequent Dividend Payment Date and (y) all conditions set forth in Section 6.16(e) have been satisfied.
Monthly Fiscal Period. Maximum Senior Leverage Ratio Monthly Fiscal Period ending in 1.95:1.00 Annual Fiscal Period 2003 Monthly Fiscal Periods ending in 1.85:1.00 Annual Fiscal Period 2004 Monthly Fiscal Periods ending in 1.75:1.00 Annual Fiscal Period 2005 Monthly Fiscal Periods ending in 1.95:1.00 Annual Fiscal Period 2006 Monthly Fiscal Periods ending in 1.90:1.00 Annual Fiscal Period 2007 Monthly Fiscal Periods ending in 1.95:1.00 Annual Fiscal Period 2008 and thereafter Payments of Dividends on the Capital Stock of Holdings may resume once (x) the Interest Coverage Ratio is greater than the level set forth above and the Total Leverage Ratio and the Senior Leverage Ratio are less than the levels set forth above, all on a subsequent Dividend Payment Date and (y) all conditions set forth in Section 6.16(e) have been satisfied.
Monthly Fiscal Period means each calendar month. “Monthly Fiscal Period Equipment Distribution Accrual Profits Amount” means, for each Monthly Fiscal Period, the amount (not less than zero) equal to (a) all revenue accrued in respect of the Securitized Equipment Supply Agreements minus (b) all Equipment Distribution Operating Expenses accrued over such period. “Monthly Fiscal Period Equipment Distribution Cash Profits Amount” means for each Monthly Fiscal Period, the amount (not less than zero) equal to (a) all Equipment Revenue Payments received during such period minus (b) all Equipment Distribution Operating Expenses paid in cash out of funds on deposit in the Equipment Distributor Operating Accounts over such period. “Monthly Fiscal Period Equipment Distribution Profits True-up Amount” means, with respect to each Monthly Fiscal Period of the Securitization Entities, the sum of (a) the amount (whether positive or negative) equal to (i) the Monthly Fiscal Period Equipment Distribution Accrual Profits Amount for such Monthly Fiscal Period minus (ii) the Monthly Fiscal Period Estimated Equipment Distribution Profits Amount for such Monthly Fiscal Period plus (b) the
Monthly Fiscal Period means the following fiscal periods of the Securitization Entities: (a) with respect to each 52-week fiscal year of the Securitization Entities, the first 5-week fiscal period and the remaining two four-week fiscal periods in each Quarterly Fiscal Period and (b) with respect to each 53- week fiscal year of the Securitization Entities (i) one 5-week fiscal period and the remaining two four-week fiscal periods for each of the first three Quarterly Fiscal Periods in such fiscal year, and (ii) an initial 5- week fiscal period, the subsequent four-week fiscal period, and the xxxxx 0-week fiscal period in the fourth Quarterly Fiscal Period of such fiscal year. “Monthly Product Sourcing Profits Amount” means, with respect to each four-week or five-week fiscal period of the applicable Securitization Entities’ fiscal year, the amount (not less than zero) equal to (a) all revenue (excluding applicable Pass-Through Amounts) accrued over such period in respect of the applicable Product Sourcing Business minus (b) all operating expenses (excluding applicable Excluded Operating Expenses, but including, in the case of Driven Canada Product Sourcing, Excluded Amounts described in clause (ii) or (iii) of the definition thereof and, at the option of Driven Canada Product Sourcing, any such Excluded Amount required or reasonably expected to be payable at or prior to the immediately following four (4) Quarterly Payment Dates or for which a reserve is maintained on account of quarterly or annual payment of such Excluded Amounts which, in each case, will be deemed to be accrued when paid or reserved) accrued over such period in connection with the operation of the applicable Product Sourcing Business over such period. “Monthly Product Sourcing Profits True-up Amount” means, with respect to any applicable Weekly Allocation Date, the sum of (a) the amount by which (i) the Monthly Product Sourcing Profits Amount with respect to the relevant four-week or five-week fiscal period of the applicable Securitization Entities’ fiscal year exceeds (ii) the aggregate Weekly Estimated Product Sourcing Profits Amounts with respect to such period referred to in clause (i) plus (b) the unpaid amount of all Monthly Product Sourcing Profit True-Up Amounts for all prior Weekly Allocation Dates. “Monthly Securitization-Owned Location Profits Amount” means, with respect to each four-week or five-week fiscal period of the applicable Securitization Entities’ fiscal year, the amount (not less than zero)...