Quarterly Cash Burn Period definition

Quarterly Cash Burn Period means the three-calendar month period ending on and including the applicable Cash Burn Measurement Date.
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Quarterly Cash Burn Period has the meaning in Section 8(L)(i).
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Examples of Quarterly Cash Burn Period in a sentence

  • For each Fiscal Quarter beginning with the Fiscal Quarter ending on December 31, 2023 (each such period, a “Quarterly Cash Burn Period”), the Company’s Available Cash on the last calendar day of such Quarterly Cash Burn Period shall be greater than or equal to (x) the Company’s Cash and Cash Equivalents on the last calendar day of the immediately preceding Fiscal Quarter, less (y) thirty-five million dollars ($35,000,000).

  • For each Fiscal Quarter beginning with the Fiscal Quarter ending March 31, 2024 (each such period, a “ Quarterly Cash Burn Period”), the Company’s and its Wholly Owned Subsidiaries’ Available Cash on the last calendar day of such Quarterly Cash Burn Period shall be greater than or equal to (A) the Company’s and its Wholly Owned Subsidiaries’ Cash and Cash Equivalents on the last calendar day of the immediately preceding Fiscal Quarter, less (B) $30,000,000.

  • Notwithstanding anything to the contrary, the Company shall not be subject to the Quarterly Cash Burn Test or the Dual Quarter Cash Burn Test for any Quarterly Cash Burn Period or Dual Quarter Cash Burn Period, as applicable, for which the Company reports Cash and Cash Equivalents at the end of such period of at least fifty million dollars ($50,000,000).

Related to Quarterly Cash Burn Period

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Earnout Period has the meaning set forth in Section 3.6(a).

  • return period means the period following expiry of the maximum parking stay in that parking place during which the driver shall not return the vehicle to the parking place;

  • Quarter means a calendar year quarter commencing on 1 January, 1 April, 1 July or 1 October.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Consolidated Cash Interest Expense means, for any period, Consolidated Interest Expense for such period excluding, however, any interest expense not payable in Cash (including amortization of discount and amortization of debt issuance costs).

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Consolidated Cash Taxes means, for any period, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate of all taxes, as determined in accordance with GAAP, to the extent the same are paid in cash during such period.

  • Qualifying Period means 12 continuous Calendar Weeks during the whole or part of which the Agency Worker is supplied by one or more Temporary Work Agencies to the relevant Hirer to work temporarily for and under the supervision and direction of the relevant Hirer in the same role, and as further defined in the Schedule to these Terms;

  • Quarterly Commencement Date means the 1st day of each of April, July, October and January in each year.

  • Excess Cash Flow Period means each fiscal year of the Borrower commencing with and including the fiscal year ending December 31, 2018.