Quarterly Test Period definition

Quarterly Test Period means the twelve month period ending on the last day of each March, June, September and December of each year.
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Quarterly Test Period means, for any date of determination under this Agreement, the most recent period as of such date of one (1) Fiscal Quarter of Orion and its Subsidiaries for which financial statements have been delivered (or were required to have been delivered) pursuant to Section 6.01(b).
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Quarterly Test Period means each three (3) month period ending at the end of a fiscal quarter of Tenant.
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Examples of Quarterly Test Period in a sentence

  • Borrower shall not permit Consolidated EBITDA for any Test Period ending during any period set forth in the table below, to be less than the amount indicated: Minimum Test Period Consolidated EBITDA July 1, 2006 - March 31, 2007 $4,125,000 July 1, 2006 - June 30, 2007 $5,500,000 Each successive Quarterly Test Period thereafter $5,500,000 Test Periods will be quarterly and the EBITDA calculation shall be cumulative for the four quarters ending as of each Test Period.

  • For any Quarterly Test Period, Borrower shall not permit its Capital Expenditures in the aggregate to exceed (i) $1,750,000 for each Quarterly Test Period ending on or before September 30, 2002, and $1,100,000 for each Quarterly Test Period after September 30, 2002.

  • Borrower shall not permit the Total Leverage Ratio at the end of any quarter ending during any period set forth in the table below, to exceed the ratio set forth opposite such period in the table below: Test Period Leverage Ratio January 1, 2007 - March 31, 2007 4.50 to 1.00 April 1, 2007 - June 30, 2007 4.50 to 1.00 Each successive Quarterly Test Period thereafter 4.50 to 1.00 Test Periods will be quarterly and the EBITDA calculation shall be cumulative for the four quarters ending as of each Test Period.

  • Figure 2: Products and services of Sclerocarya birrea in the Sahelian zone of Cameroon Twenty four per cent of the respondents indicated that Sclerocarya birrea was mainly used forthe handicraft.

  • The Fixed Charge Coverage Ratio for each Quarterly Test Period shall not be less than 1.25:1.00.

  • The Loan Parties and their Subsidiaries, on a consolidated basis, shall maintain, as of the end of each Fiscal Quarter for the Quarterly Test Period then ended, a Revolver Loan Turnover Ratio of not less than 2.50:1.00 for each such period, commencing with the Fiscal Quarter ending June 30, 2023.

  • Commencing with the Quarterly Test Period ending September 30, 2005 and continuing on and as of each Quarterly Test Period thereafter, EBITDA shall not be less than $2,800,000.

  • Borrower has represented to Agent that its Senior Fixed Charge Coverage Ratio for the Quarterly Test Period ending June 30, 2004 was 0.81:1.00.

  • The Leverage Ratio shall not exceed (i) 3.025:1.00, upon the making of the Initial Advance and the Term Loan (under and as defined in the Senior Credit Agreement) and for each Quarterly Test Period through the fiscal quarter ending June 30, 2002, and (ii) 2.75:1.00, for each Quarterly Test Period after June 30, 2002.

Related to Quarterly Test Period

  • Test Period means, on any date of determination, the period of four consecutive fiscal quarters of the Borrower then most recently ended (taken as one accounting period).

  • Fiscal Quarters means the period from January 1 to March 31, April 1 to June 30, July 1 to September 30 and October 1 to December 31 of the applicable year.

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • 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.

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • Quarterly Valuation Date means the last Business Day of each February, May, August and November of each year commencing on the first such date next following the Date of Original Issue of a series of MTP , except with respect to delivery of Accountant’s Confirmation in which case “Quarterly Valuation Date” shall mean the last Business Day of such of the last Business Days of February, May, August and November in each year as is selected by S&P.

  • Fiscal Quarter means a fiscal quarter of any Fiscal Year.

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

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • quarters means any building provided or intended to be provided for a workman to live in either temporarily or permanently and includes any room or building used or intended to be used whether communally or privately for the purposes of cooking, eating, washing or bathing and any latrines and urinals;

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Financial Quarter means the period commencing on the day after one Quarter Date and ending on the next Quarter Date.

  • Estimated Incremental Quarterly Tax Amount has the meaning assigned to such term in Section 6.9.

  • Interest Expense Coverage Ratio means, for any period, the ratio of (a) Consolidated EBITDA for such period to (b) Consolidated Interest Expense for such period.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Minimum Quarterly Distribution means $0.35 per Unit per Quarter (or with respect to the period commencing on the Closing Date and ending on September 30, 2005, it means the product of $0.35 multiplied by a fraction of which the numerator is the number of days in such period and of which the denominator is 92), subject to adjustment in accordance with Section 6.6 and Section 6.9.

  • Quarterly Commencement Date means the 20th day of each of March, June, September and December in each year.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • LCA Test Date has the meaning specified in Section 1.03(e).