Quarters Ending definition

Quarters Ending. Ratio: --------------- ----- Agreement Date through June 30, 2002 6.00 to 1.00 July 1, 2002 through December 31, 2002 5.75 to 1.00 January 1, 2003 through June 30, 2003 5.50 to 1.00 July 1, 2003 through September 30, 2003 5.25 to 1.00 October 1, 2003 through December 31, 2003 5.00 to 1.00 January 1, 2004 through December 31, 2004 4.00 to 1.00 January 1, 2005 and thereafter 3.50 to 1.00
Sample 1
Quarters Ending. Ratio: ---------------- ------ Second Amendment Date through April 30, 2003 1.75 to 1.00 May 1, 2003 through September 30, 2003 2.00 to 1.00"
Sample 1
Quarters Ending. Ratio: December 31, 2001 1.50 to 1.00 March 31, 2002 1.50 to 1.00 June 30, 2002 2.25 to 1.00 September 30, 2002 2.25 to 1.00 All quarters ending thereafter 1.50 to 1.00
Sample 1

Examples of Quarters Ending in a sentence

  • Permit the Leverage Ratio, as of any Fiscal -------------- Quarter described below to be greater than the ratio set forth below opposite that Fiscal Quarter (it being understood that this covenant will not apply to the Fiscal Quarter ending June 30, 2000): Fiscal Quarters Ending Maximum Ratio ---------------------- ------------- September 30, 2000 through September 30, 2001 5.25:1.00 December 31, 2001 through September 30, 2002 4.75:1.00 December 31, 2002 and thereafter 4.50:1.00.

  • Section 7.11 is amended by amending and restating the table in subsection (a) thereof in its entirety as follows: Minimum Consolidated Interest Coverage Four Fiscal Quarters Ending Ratio Closing Date through December 31, 2005 1.8:1.0 March 31, 2006 through December 31, 2006 1.5:1.0 March 31, 2007 through September 30, 2007 1.8:1.0 December 31, 2007 and each Fiscal Quarter thereafter 2.0:1.0 Section 4.

  • Permit the Total Leverage Ratio, as of the last day of any Fiscal Quarter described in the matrix below, to exceed the ratio set forth opposite that Fiscal Quarter: Fiscal Quarters Ending Maximum Ratio Closing Date through June 30, 2003 5.00:1.00 September 30, 2003 through June 30, 2004 4.75:1.00 September 30, 2004 through June 30, 2005 4.50:1.00 September 30, 2005 and thereafter 4.00:1.00.

  • Permit the Fixed Charge Coverage Ratio, --------------------------- as of that last day of any Fiscal Quarter described in the matrix below, to be less than the ratio set forth opposite that Fiscal Quarter: Fiscal Quarters Ending Minimum Ratio ---------------------- ------------- March 31, 1999 1.10:1.00 June 30, 1999 through June 30, 2001 1.20:1.00 September 30, 2001 1.15:1.00 December 31, 2001 and thereafter 1.50:1.00.

  • Permit the Total Debt Ratio for any Measurement Period set forth below to be greater than the ratio set forth below opposite such period: Four Fiscal Quarters Ending Maximum Total Debt Ratio Closing Date through January 28, 2007 3.75:1.00 April 29, 2007 through February 1, 2009 3.50:1.00 May 3, 2009 and each fiscal quarter thereafter 3.25:1.00 ”.

  • Permit the Interest Coverage Ratio as of the last day of any Fiscal Quarter described in the matrix below to be less than the ratio set forth opposite that Fiscal Quarter: Fiscal Quarters Ending Minimum Interest Coverage Ratio July 31, 2001 through and including January 31, 2004 2.50:1.00 April 30, 2004 through and including January 31, 2005 2.75:1.00 April 30, 2005 and later Fiscal Quarters 3.00:1.00.

  • The Leverage Ratio will not, as of the last day of any fiscal quarter of Borrower described in the matrix below, exceed the ratio set forth opposite that fiscal quarter: Fiscal Quarters Ending Maximum Ratio March 31, 2005 through and including December 31, 2005 4.75:1.00 Thereafter 4.50:1.00.

  • As at the end of each fiscal quarter specified below, the Borrower and its Subsidiaries, on a Consolidated basis, shall maintain a Fixed Charge Coverage Ratio of at least the ratio specified below for each fiscal quarter: Fiscal Quarters Ending Fixed Charge Coverage Ratio Closing Date through 2/28/09 1.10:1.00 3/1/09 through 2/28/11 1.15:1.00 This covenant shall be tested as at the end of each fiscal quarter.

  • The Leverage Ratio will not, as of the last day of any fiscal quarter of the Borrower described in the matrix below, exceed the ratio set forth opposite that fiscal quarter: Fiscal Quarters Ending Maximum Ratio September 30, 2002 5.25:1.00 December 31, 2002 5.00:1.00 March 31, 2003 and June 30, 2003 4.75:1.00.

  • The Borrower shall not permit the Leverage Ratio at any fiscal quarter end to be greater than the ratio set forth below opposite such fiscal quarter: Fiscal Quarter(s) Ending Maximum Leverage Ratio June 30, 2014 through through September 30, 2015 3.00:1.00 December 31, 2015 and March 31, 2016 3.75:1.00 June 30, 2016 4.00:1.00 September 30, 2016 and thereafter 4.25:1.00 .


More Definitions of Quarters Ending

Quarters Ending. Minimum EBITDA: September 30, 2003 $10,000,000.00 December 31, 2003 $10,000,000.00
Sample 1
Quarters Ending. RATIO: ---------------- ------ First Amendment Effective Date through September 30, 2006 5.50 to 1.00 October 1, 2006 through September 30, 2007 5.25 to 1.00 October 1, 2007 through September 30, 2008 5.00 to 1.00 October 1, 2008 through September 30, 2009 4.75 to 1.00 October 1, 2009 and thereafter 4.50 to 1.00"
Sample 1
Quarters Ending. Each Payment --------------- ------------ Closing Date -September 30, 2003 .5% of the Total Commitment December 31, 2003 -September 30, 2004 1.25% of the Total Commitment December 31, 2004 - June 30, 2005 2.5% of the Total Commitment Maturity Date Unpaid balance of the Loan
Sample 1

Related to Quarters Ending

  • 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.

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

  • Consolidated EBITDAX for any period means, without duplication, the Consolidated Net Income for such period, plus the following, without duplication and to the extent deducted (and not added back) in calculating such Consolidated Net Income:

  • Annualized Consolidated EBITDA means, for any quarter, the product of Consolidated EBITDA for such period of time multiplied by four (4).

  • 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).

  • Consolidated EBITR means, for any fiscal period of the Borrower, an amount equal to Consolidated Net Income (Loss) for such period, plus, to the extent deducted in determining Consolidated Net Income (Loss), (i) Consolidated Tax Expense for such period, (ii) Consolidated Interest Expense for such period, and (iii) Consolidated Rental Expense for such period.

  • 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.

  • Consolidated EBIT means, for any period, the Consolidated Net Income for such period, before interest expense and provision for taxes based on income and without giving effect to any extraordinary gains or losses or gains or losses from sales of assets other than inventory sold in the ordinary course of business.

  • Consolidated Cash Flow Available for Fixed Charges means, with respect to any Person for any period:

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

  • Consolidated Cash Interest Charges means, for any period, for the Borrower and its Restricted Subsidiaries on a consolidated basis, that portion of Consolidated Interest Charges that is either paid or required to be paid in cash during such period, but excluding prepayment or similar premiums paid in connection with any prepayment, repurchase or redemption of Consolidated Funded Indebtedness.

  • Consolidated Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • EBITDAX means, for any period, the sum of Consolidated Net Income for such period plus the following expenses or charges to the extent deducted from Consolidated Net Income in such period: interest, income taxes, depreciation, depletion, amortization, exploration expenses and other similar noncash charges, minus all noncash income added to Consolidated Net Income.

  • Adjusted Consolidated EBITDA means, with respect to the Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the Borrower and the Subsidiaries for such period plus

  • Consolidated Total Debt to Consolidated EBITDA Ratio means, as of any date of determination, the ratio of (a) Consolidated Total Debt as of the last day of the relevant Test Period to (b) Consolidated EBITDA for such Test Period.

  • 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).

  • Consolidated EBITDAR means, for any period, Consolidated EBITDA for such period plus, to the extent deducted in determining Consolidated EBITDA for such period, Consolidated Rental Expense.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • Consolidated Senior Leverage Ratio means, for any date of determination (i) Consolidated Funded Indebtedness on such date of determination (excluding the Unsecured Note Indebtedness) to (ii) Consolidated Adjusted EBITDA for the applicable period of four consecutive fiscal quarters.

  • Fiscal Month means any of the monthly accounting periods of Borrower.

  • Consolidated EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period:

  • Consolidated Cash Flow means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication:

  • 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 First Lien Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated First Lien Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.