Quarterly Management Accounts definition

Quarterly Management Accounts means the quarterly management accounts of the Group to be delivered (or which may be delivered) to the Agent pursuant to clause 12.1(g) in a form agreed between the Borrower and the Agent;

Quarterly Management Accounts means the quarterly management accounts of the Restricted Group to be delivered (or which may be delivered) to the Agent pursuant to clause 11 in a form and to accounting policies consistent with the Management Base Case and containing information of a substantially similar type as is required by such form;

Quarterly Management Accounts means the quarterly management accounts for each Quarterly Period of the HTCC Group to be delivered to the Facility Agent pursuant to clause 20.1.6 (Quarterly Management Accounts) which, other than for the first two Quarterly Periods which end after the HTCC Completion Date, shall be in the form set out in Schedule 11 (Form of Quarterly Management Accounts).

Examples of Quarterly Management Accounts in a sentence

• Quarterly Management Accounts shall be submitted to the Board of Management by the Director of Administration and Finance in advance of each meeting of the Board.

• For the purposes of this clause 12.1.20 the revenues and Net Operating Cash Flow of the Restricted Group or any Obligor shall be determined by reference to the Twelve Month Period in respect of which Quarterly Management Accounts have been delivered to the Agent under this Agreement and total assets of the Restricted Group or any Obligor shall be determined as at such Quarter Day by reference to such Quarterly Management Accounts.

• For the avoidance of doubt, EBITDA will be reported as outlined in the Quarterly Management Accounts and is to be measured before royalties and management fees.

• On the later of (i) the date when the ratio of Senior Debt to Annualised Consolidated Net Operating Cash Flow (calculated by reference to the most recently ended Six Month Period in respect of which Quarterly Management Accounts have been delivered to the Agent under this Agreement) is less than 3.0:1 and (ii) the day falling twenty four calendar months after the date of this Agreement, clause 12.2.12 shall cease to apply.

• Each Key Group Core Member other than United International Investments will also provide Quarterly Management Accounts on a consolidated basis (if its annual financial statements are provided on that basis) or an unconsolidated basis (otherwise).

More Definitions of Quarterly Management Accounts

Quarterly Management Accounts means a financial statement delivered pursuant to paragraph (c) of Clause 22.1 (Financial Statements).

Quarterly Management Accounts means the unaudited quarterly management accounts of each member of the Group, including profit and loss account, balance sheet and progress report, showing performance and cumulative year to date figures, both of which are to be shown against the Annual Budget and the Business Plan;

Quarterly Management Accounts means the Borrower’s quarterly balance sheet and income and cashflow statements;

Quarterly Management Accounts means the quarterly management accounts of the Telewest Group or the TCN Group (as the case may be) to be delivered to the Agent pursuant to clause 11.1(g) in the agreed form or containing information of the same type as is required by such form;

Quarterly Management Accounts means the management accounts for a financial quarter of the Borrower, Owners and Bareboat Charterers (as applicable) delivered pursuant to clause 19.1.2(b).

Quarterly Management Accounts. (in the case of the Parent) in respect of each Fiscal Quarter prepare unaudited consolidated Quarterly Management Accounts for the Group in each case containing: (i) quarterly historic profit and loss accounts prepared on a consolidated basis including financial analysis by profit centres, by reference to exchange rates used in the then current annual budget for that Fiscal Year in respect of (a) such Fiscal Quarter and (b) that Fiscal Year to that date together with, in each case, a comparison of actual performance with (x) performance projected by the annual budget for that Fiscal Year; and (y) performance during the equivalent Fiscal Quarter during the immediately preceding Fiscal Year, each such comparison to include for the Group as a whole the profit and loss accounts for such period, such comparisons to be accompanied by an explanation of the reasons for the major differences between actual and projected performance; and (ii) a breakdown of major accounts gains and losses during each such Fiscal Quarter by members of the Group; or omitting any such information or detail or containing such other information or to such other level of detail as may, from time to time, be approved by the Agent (acting on the instructions of the Majority Banks, acting reasonably) in writing and deliver a copy of the same to the Agent for distribution to all of the Banks as soon as practicable but not later than 40 days after the Fiscal Quarter to which they relate;

Quarterly Management Accounts means the quarterly management accounts of the TCN Group delivered to the Agent pursuant to clause 10.1.7;