Relevant Fiscal Year definition
Examples of Relevant Fiscal Year in a sentence
This dividend may in no case exceed 10% of net income, Group share for the Relevant Fiscal Year, nor the distributable income as defined in Article 55.
Such Excess Cash Flow shall be paid on or before the first day of the second fiscal quarter of the fiscal year following the Relevant Fiscal Year.
For the avoidance of doubt "C" shall equal the Threshold Amount in respect of the Relevant Fiscal Year where no previous Dividends per Ordinary Share have been paid or made in such Relevant Fiscal Year.
The Company will not be required to make an Excess Cash Flow Offer relating to any Relevant Fiscal Year if the Excess Cash Flow for such Relevant Fiscal Year is less than $2.0 million.
Since the Relevant Fiscal Year End, neither the Company nor any of the Globant Subsidiaries has incurred any Liabilities for Taxes other than in the ordinary course of business.
Except as set forth on Schedule 4.15, there are no Related Party Contracts in force and all such Related Party Contracts that were terminated after the Relevant Fiscal Year End were so terminated without any indemnity or other amount being payable by any Globant Subsidiary to the other contracting party in connection with such termination.
Since the Relevant Fiscal Year End, there has been no Material Adverse Change with respect to any Globant Subsidiary.
Such financial records shall include: (i) financial statements (to the extent such financial statements are required by law to be prepared), (ii) supporting trial balances, (iii) detailed loan schedules showing movements in the balances of financial arrangements (including external loan and intercompany loan balances), and (iv) copies of Tax Returns and confirmations of Tax payments relating to each Relevant Fiscal Year, in each case, for some or all of the Transferred Entities.
The foregoing limitation on Capital Expenditures shall apply with respect to any Fiscal Year (the "Relevant Fiscal Year") for which the ratio of (x) the Total Net Debt as of the end of last day of the Fiscal Year ended immediately prior to the Relevant Fiscal Year to (y) EBITDA for the Fiscal Year ended immediately prior to the Relevant Fiscal Year exceeds 3.5 to 1.0.
However, if the Surviving Company achieves Revenue of $15,000,000 in the second full fiscal year, the Company Shareholders shall be entitled to receive the Earn-Out Shares for the first full fiscal year (Relevant Fiscal Year) as well as the second full fiscal year (Subsequent Fiscal Year).