Quarterly Accounts definition

Quarterly Accounts means the Obligors consolidated and unconsolidated financial statements for the relevant financial quarter to be delivered pursuant to Clause 23.1 (Financial Statements).

Quarterly Accounts has the meaning given in clause 9.1(C) (Access to Information and Accounts);

Quarterly Accounts as soon as practicable, but in any event not later than 50 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, copies of the internally prepared unaudited Consolidated balance sheets of the Borrower and its Subsidiaries as of the end of such quarter and related Consolidated statements of income and Consolidated statement of cash flows of the Borrower and its Subsidiaries for the portion of the Borrower's fiscal year then elapsed all in reasonable detail and each setting forth in comparative form: (i) the figures for the prior year's corresponding Fiscal Quarter, and (ii) so long as the Borrower is required to deliver an annual operating business plan pursuant to Section 8.2(a), any variances from the Approved Annual Operating Business Plan (or the Approved Full-Term Operating Business Plan, if the Required Lenders have not approved a plan delivered pursuant to Section 8.2(a) with respect to such fiscal year), if any, prepared in all material aspects in accordance with GAAP, together with a certification by the principal or chief financial or accounting officer of the Borrower that the information contained in such financial statements fairly presents the financial position of the Borrower and its Subsidiaries on the date thereof (subject to year-end adjustments);

Examples of Quarterly Accounts in a sentence

• When you establish a new PSA, you must promptly notify (1) Asset Management Compliance by inputting the account information into PTA, (2) make sure it is being reported on the next Quarterly Accounts and Transaction Certifications and (3) notify the Financial Institution maintaining the PSA that you are associated with SIDCO.

• You must disclose all Personal Securities Accounts, including Discretionary Accounts (“PSAs”), Beneficially Owned Covered Securities and Covered Security Transactions on Initial Accounts and Initial Holdings Reports, Quarterly Accounts and Quarterly Transaction Reports and Annual Holdings Reports, as applicable, via the SunGard PTA system.

• When you establish a new PSA you must promptly notify (1) SIMC Compliance and report it on the next Quarterly Accounts and Transaction Reports and (2) the Financial Institution maintaining the PSA that you are associated with SIMC.

• Annual, Half Yearly and Quarterly Accounts are distributed to them within the time specified in the Companies Ordinance, 1984.

• When you establish a new PSA, you must promptly notify (1) Asset Management Compliance by inputting the account information into PTA, (2) make sure it is being reported on the next Quarterly Accounts and Transaction Certifications and (3) notify the Financial Institution maintaining the PSA that you are associated with SIMC.

More Definitions of Quarterly Accounts

Quarterly Accounts means the Parent’s consolidated balance sheet, profit and loss account, and compliance certificate, in accordance with the calculation bases and accounting principles applied in the Parent’s consolidated Annual Accounts for the Financial Year.

Quarterly Accounts means the relevant Monthly Accounts for each Accounting Quarter;

Quarterly Accounts any quarterly accounts prepared pursuant to clause 16.13

Quarterly Accounts means FreeSeas Inc. consolidated balance sheet, profit and loss account, and compliance certificate, in accordance with the calculation bases and accounting principles applied in FreeSeas Inc. consolidated Annual Accounts for the Financial Year.

Quarterly Accounts means the unaudited consolidated balance sheet of NCT and its subsidiaries (including without limitation NCT Audio) made up as at 30 September, 2000 and the unaudited consolidated statement of operations and statement of cash flows of NCT and its subsidiaries (including without limitation NCT Audio) in respect of the nine months ended on such date. "Registration Rights Agreement' means the agreement to be entered into between NXT and NCT granting certain registration rights in relation to the NCT Consideration Shares to NXT in the Agreed Form. "UK Listing Authority" means the Financial Services Authority acting in its capacity as the competent authority for the purposes of Part IV of the Financial Services Xxx 0000 and in the exercise of its functions in respect of admissions.

Quarterly Accounts. (i) in relation to the first three quarters of any Accounting Period, has the meaning given in clause 9.1(C); and (ii) in relation to the fourth quarter of any Accounting Period, means the Accounts;

Quarterly Accounts means Borrower’s consolidated balance sheet, profit and loss account, and compliance certificate, in accordance with the calculation bases and accounting principles applied in the Borrowers consolidated Annual Accounts for the Financial Year. Relevant Period means each period of twelve months ending on the last day of each of FreeSeas Inc.’s calendar quarter starting with the period of twelve months ending on 31 December 2006, Total Net Debt means, in respect of any Relevant Period, the aggregate of all outstanding Financial Indebtedness of FreeSeas Inc. us at the last day of such Relevant Period and less all Cash as at the last day of such Relevant Period. Tangible Net Worth means, issued and paid-up share capital plus reserves, deferred tax liabilities and loans subordinated to Freeseas lnc.’s debts to HBU, minus intangible assets, deferred tax assets, participating interests, receivables from shareholders and/or directors and shares Freeseas Inc. holds in his own company, as shown in the annual accounts. Test Date means, in respect of any Relevant Period, the dates on which HBU shall review the Annual Accounts and/or Quarterly Accounts in order to assess the Excess Cash, Consolidated Total Bank Debt/Consolidated EBITDA Ratio. Debt Service Cover Ratio, Interest Cover Ratio and any other financial ratio which HBU deems necessary with a view to the continuity of the Borrower’s business. HBU shall assess the Consolidated Total Bank Debt/Consolidated EBITDA Ratio, Debt Service Cover Ratio and Interest Cover Ratio quarterly on a rolling 12 month basis and based on the Quarterly Accounts. HBU shall assess the Excess Cash once a year based on the Annual Accounts. Said assessment shall always take place within 30 days after receipt by HBU of the Annual Accounts and/or Quarterly Accounts.