Relevant Periods definition

Relevant Periods means in respect of the application of Clause 16.4 to those Covenantors to which that section applies:

Relevant Periods means each period of twelve months ending on the last day of a financial year of the Borrower and each period of six months ending on the last day of the first half of a financial year of the Borrower (each a “Relevant Period”);

Relevant Periods means each of the periods specified as a Relevant Period in column (1) of Schedule 2 hereto.

Examples of Relevant Periods in a sentence

• The financial statements of the Group for the Relevant Periods, on which the Historical Financial Information is based, were audited by Ernst & Young in accordance with Hong Kong Standards on Auditing issued by the HKICPA (the “Underlying Financial Statements”).

• Estimation uncertainty The key assumptions concerning the future and other key sources of estimation uncertainty at the end of each of the Relevant Periods, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are described below.

• There was no arrangement under which a director waived or agreed to waive any remuneration during the Relevant Periods.

• Foreign currency transactions during the Relevant Periods are translated at the foreign exchange rates ruling at the transaction dates.

• An assessment is made at the end of each of the Relevant Periods as to whether there is an indication that previously recognised impairment losses may no longer exist or may have decreased.

More Definitions of Relevant Periods

Relevant Periods has the meaning given in paragraph 1.1 of Schedule 7 (Tax);

Relevant Periods means all accounting periods of each Target Group Entity ended before or on Completion;

Relevant Periods means the First Period, the Second Period and the Third Period;

Relevant Periods. The Term will be divided into successive periods ("RELEVANT PERIODS"), the first of which will begin on the Delivery Date and end on the date immediately preceding the numerically corresponding day in the 6th calendar month after the Delivery Date. Each succeeding Relevant Period shall be of six months (6 months) duration commencing on the date succeeding the last day of the preceding Relevant Period, save that if any Relevant Period would otherwise end on a day which is not a Business Day, that Relevant Period shall end on the immediately preceding Business Day.

Relevant Periods has the meaning provided in Section 5.04.

Relevant Periods means For (a) and (b) above each period of twelve months ending on the last day of each quarter of the Borrower (being 30 June, 30 September, 31 December, 31 March of each year) (each a “Relevant period”). For (c) and (d) above each period of three, six, nine and twelve months ending on the last day of each quarter of the Borrower (being 30 June 2007, 30 September 2007, 31 December 2007 and 31 March 2008) (each a “Relevant Period”) and rolling twelve monthly thereafter ending on each quarter date. The covenants above shall apply to the Borrower and its Subsidiaries and shall be tested by reference to the accounts of the Borrower or (as the case may be) the Parent in accordance with Condition 10 (and the definitions set out in Condition 1.1). Covenants (c) and (d) are waived for the period ending 30 September 2007 only and will not be tested on that date. Covenant (e) will be amended for the quarter ending 30 September 2007 only to require a holding of cash of minimum £1,750,000.

Relevant Periods means all Assessment Periods of each Group Company ended before or on Completion;