Specified Quarter definition

Specified Quarter means a fiscal quarter of the Company during which an Acquisition has been consummated and the aggregate consideration paid or to be paid in respect of such Acquisition is equal to or greater than $500,000,000.
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Specified Quarter means a fiscal quarter of Holdings during which a Material Acquisition has been consummated by the Borrower or one of its Restricted Subsidiaries.
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Specified Quarter means a fiscal quarter of Holdings during which an acquisition or purchase permitted by Section 6.03(g) has been consummated by Holdings or one of its Subsidiaries and the aggregate cash consideration and indebtedness assumed in accordance with the terms of this Agreement in respect of such acquisition or purchase is equal to or greater than $35,000,000.
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Examples of Specified Quarter in a sentence

  • If at the end of any fiscal quarter of the Borrower (beginning with the quarter ending June 30, 1997) prior to the first anniversary of the Closing Date the aggregate principal amount of the Loans shall exceed the Threshold Amount (each such fiscal quarter, a "Specified Quarter"), then the Borrower shall (subject to Sections 2.08 and 5.05 hereof) prepay a principal amount of the Loans and accrued interest thereon in an aggregate amount equal to 100% of Excess Cash Flow for such specified quarter.


More Definitions of Specified Quarter

Specified Quarter shall have the meaning provided in the definition of Distributable Free Cash Flow.
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Specified Quarter means the fourth fiscal quarter of 2020 based on actual numbers to the extent the testing date is in 2021 and, to the extent the testing date is in 2020 based on actual numbers for such portion of the fiscal quarter prior to the Closing Date, and based on reasonable pro forma projections for such portion of the fiscal quarter after the Closing Date. “Consolidated EBITDAX” shall be calculated on a building annualized basis so that (i) for a testing date in 2020 or a testing date in the first fiscal quarter of 2021 (up to but not including the last day of the first fiscal quarter of 2021), Consolidated EBITDAX for such quarter shall be calculated by multiplying Consolidated EBITDAX for the Specified Quarter by four, (ii) for a testing date on the last day of the first fiscal quarter of 2021 or the second fiscal quarter of 2021 (up to but not including the last of the second fiscal quarter of 2021), Consolidated EBITDAX for such quarter shall be calculated by multiplying Consolidated EBITDAX for the first fiscal quarter of 2021 by four, (iii) for a testing date on the last day of the second fiscal quarter or in the third fiscal quarter of 2021 (up to but not including the last day of the third fiscal quarter), Consolidated EBITDAX for the such quarter shall be calculated by multiplying Consolidated EBITDAX for the first two fiscal quarters in 2021 by two and (iv) for a testing date on the last day of the third fiscal quarter of 2021 or the fourth fiscal quarter of 2021 (up to but not including the last day of the fourth fiscal quarter), the first three fiscal quarters of 2021 multiplied by four divided by three or (b) for a testing date on any date thereafter, Consolidated EBITDAX for the immediately preceding four fiscal quarter period. Negative Covenants: Subject to the Documentation Principles, to be substantially the same as the Prepetition Credit Agreement to be limited to:
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Specified Quarter means a fiscal quarter of the Borrower during which an acquisition has been consummated by the Borrower or one of its Subsidiaries and the aggregate consideration paid or to be paid in respect of such acquisition is equal to or greater than $150,000,000.
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Specified Quarter means a fiscal quarter of the Borrower during which a Material Acquisition has been consummated by a Loan Party.
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Specified Quarter means the last fiscal quarter of the most recent Test Period ended on or prior to the termination of the Covenant Relief Period. “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. “UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution. (b) The last sentence of the definition of “Additional Term Loan Commitment Fee Rate” in Section 1.01 of the Existing Credit Agreement is hereby amended by inserting “; provided, further, that during the Covenant Relief Period and the Extended Restricted Period, ‘Pricing Level 1’ (as set forth above) shall apply” immediately before the period at the end thereof. (c) The last sentence of the definition of “Applicable Rate” in Section 1.01 of the Existing Credit Agreement is hereby amended by inserting “; provided, further, that during the Covenant Relief Period and the Extended Restricted Period, ‘Pricing Level 1’ (as set forth above) shall apply” immediately before the period at the end thereof. (d) The definition of “Bail-In Action” in Section 1.01 of the Existing Credit Agreement is hereby amended by replacing “EEA Resolution Authority” with “Resolution Authority” and replacing “EEA Financial Institution” with “Affected Financial Institution”. (e) The definition of “Bail-In Legislation” in Section 1.01 of the Existing Credit Agreement is hereby amended and restated in its entirety as follows: “Bail-In Legislation” means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, inves...
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Specified Quarter means a fiscal quarter of the Borrower during which an acquisition has been consummated by the Borrower or one of its Subsidiaries and the aggregate consideration paid or to be paid in respect of such acquisition, together with the aggregate consideration paid or to be paid in respect of certain acquisitions consummated by the Borrower or one of its Subsidiaries during the 90 day period immediately preceding the date of the consummation of such acquisition (if any) and specifically identified by the Borrower (collectively, the “Specified Acquisitions”) is equal to or greater than $150,000,000 (and the Borrower shall provide to the Administrative Agent a pro forma compliance certificate in respect of such Specified Acquisitions). For the avoidance of doubt, no Specified Acquisition in respect of any Specified Quarter (or consideration paid or to be paid in respect of any such Specified Acquisition in respect of any Specified Quarter) may be designated as a Specified Acquisition in respect of any other Specified Quarter.
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Related to Specified Quarter

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

  • Quarterly Period the period of three months commencing on 1 January, 1 April, 1 July and 1 October.

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

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

  • Quarter means a calendar year quarter commencing on 1 January, 1 April, 1 July or 1 October.

  • Recovery Quarter has the meaning provided in Section 2.1(a)(ii) of this Commercial Shared-Loss Agreement.

  • Earnout Period has the meaning set forth in Section 3.6(a).

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

  • Test Period means, at any date of determination, the most recently completed four consecutive fiscal quarters of the Borrower ending on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section 6.01(a) or (b).

  • Earn-Out Period has the meaning set forth in Section 2.6.1.

  • 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 Adjusted EBITDA means, for any period, an amount determined for Borrower and its Subsidiaries on a consolidated basis equal to Consolidated Net Income for such period, plus, (i) to the extent deducted in determining Consolidated Net Income for such period, the sum, without duplication of amounts for:

  • Fiscal Month means each calendar month.