Most Recent Four Quarter Period definition

Most Recent Four Quarter Period the four-fiscal-quarter period of the Borrower ending on the last day of the most recently completed fiscal year or fiscal quarter for which financial statements of the Borrower have been (or have been required to be) delivered under subsection 6.1(a) or 6.1(b).

Most Recent Four Quarter Period means, the four fiscal quarter period of the Company ending on the last date of the most recently completed fiscal year or quarter for which financial statements of the Company have been (or have been required to be) delivered under this Indenture; provided that, at the election of the Company, for purpose of determining the permissibility of any transaction hereunder by reference to the Most Recent Four Quarter Period, the Company may for any four fiscal quarter period ended at the fiscal year end, deliver internal unaudited financial statements of the Company for the last quarter of such four fiscal quarter period.

Most Recent Four Quarter Period means the four fiscal quarter period of Herc ending on the last date of the most recently completed fiscal year or quarter for which financial statements of Herc have been (or have been required to be) delivered under Section 3(f) of Exhibit III.

Examples of Most Recent Four Quarter Period in a sentence

• During each Compliance Period, permit, for the Most Recent Four Quarter Period, the Consolidated Fixed Charge Coverage Ratio as of the last day of such Most Recent Four Quarter Period, to be less than 1.00 to 1.00.

• Upon the occurrence and during the continuance of a Financial Covenant Liquidity Event, Parent Borrower will not permit the Consolidated Fixed Charge Coverage Ratio as at the last day of the Most Recent Four Quarter Period to be less than 1.00 to 1.00.

• Upon the occurrence and during the continuance of a Liquidity Event, permit, for the Most Recent Four Quarter Period, the Consolidated Fixed Charge Coverage Ratio as at the last day of such period of four consecutive fiscal quarters to be less than 1.00 to 1.00.

• During each Compliance Period, permit, for the Most Recent Four Quarter Period, the Consolidated Fixed Charge Coverage Ratio as at the last day of such period of four (4) consecutive Fiscal Quarters to be less than 1.00 to 1.00.

• During each Compliance Period, permit, for the Most Recent Four Quarter Period, the Consolidated Fixed Charge Coverage Ratio as of the last day of such Most Recent Four Quarter Period, to be less than 1.00:1.00.

More Definitions of Most Recent Four Quarter Period

Most Recent Four Quarter Period the four-fiscal-quarter period of the Parent Borrower ending on the last day of the most recently completed Fiscal Year or Fiscal Quarter for which financial statements of the Parent Borrower (or any Parent whose financial statements satisfy the Parent Borrower’s reporting obligations under subsection 7.1) have been (or have been required to be) delivered under subsection 7.1(a) or 7.1(b).

Most Recent Four Quarter Period the four fiscal quarter period of the Parent Borrower ending on the last date of the most recently completed fiscal year or quarter for which financial statements of the Parent Borrower have been (or have been required to be) delivered hereunder; provided that, at the election of the Parent Borrower, for purpose of determining the permissibility of any transaction hereunder by reference to the Most Recent Four Quarter Period, the Parent Borrower may for any four fiscal quarter period ended at the fiscal year end, deliver internal unaudited financial statements of the Parent Borrower for the last quarter of such four fiscal quarter period.

Most Recent Four Quarter Period the four-fiscal-quarter period of the OpCo Borrower ending on the last day of the most recently completed Fiscal Year or fiscal quarter for which financial statements of the OpCo Borrower have been (or have been required to be) delivered under Subsection 7.1(a) or 7.1(b).

Most Recent Four Quarter Period means the four fiscal quarter period of Herc ending on the last date of the most recently completed fiscal year or quarter for which financial statements of Herc have been (or have been required to be) delivered under Section 3(f ) of Exhibit III.

Most Recent Four Quarter Period the four fiscal quarter period of the Applicant ending on the last date of the most recently completed fiscal year or quarter for which financial statements of the Applicant have been (or have been required to be) delivered under Section 7.1(a) or 7.1(b).

Most Recent Four Quarter Period means the four fiscal quarter period of the Company ending on the last date of the most recently completed fiscal year or quarter for which financial statements of the Company have been (or have been required to be) delivered under Section 6.01(i) or 6.01(ii).

Most Recent Four Quarter Period the four-fiscal-quarter period of Holdings ending on the last day of the most recently completed Fiscal Year or Fiscal Quarter for which financial statements of Holdings have been (or have been required to be) delivered under subsection 7.1(a) or 7.1(b) (or prior to any such deliverable being made, the four-fiscal-quarter period of Holdings ending on June 30, 2015).