Subsequent Measurement Period definition
Subsequent Measurement Period means a period of six (6) calendar months beginning on the first day of the calendar month that begins following the conclusion of the First Measurement Period or another Subsequent Measurement Period but not including any Final Stub Period.
Subsequent Measurement Period has the meaning specified in Section 2.9(b) hereof.
Subsequent Measurement Period means the aggregate period consisting of the two consecutive calendar quarters (a) immediately succeeding the last day of a Measurement Period or of another Subsequent Measurement Period, and (b) with respect to which the Total Leverage Ratio is greater than 4.0 to 1 for at least one of the Calculation Dates within such two consecutive calendar quarters; provided, however, that in the event that the Total Leverage Ratio is less than 4.0 to 1 as of both (x) the Calculation Date that immediately precedes such Subsequent Measurement Period, and (y) the Calculation Date for the first calendar quarter of such Subsequent Measurement Period, then such Subsequent Measurement Period shall be deemed terminated as of the Calculation Date for such first calendar quarter.
Examples of Subsequent Measurement Period in a sentence
Within thirty (30) days following the end of the Initial Measurement Period and, if applicable, the Subsequent Measurement Period, Buyer shall prepare and deliver to Seller and Parent an unaudited balance sheet and related statements of income of Seller which shall set forth Seller's EBITDA for the Initial Measurement Period or the Subsequent Measurement Period, as the case may be (collectively, the "POST-CLOSING FINANCIAL STATEMENTS").
In the event that Seller's EBITDA for the Subsequent Measurement Period is equal to or greater than the Target Amount, then Buyer shall pay to Seller the Earnout Payment in accordance with paragraph (f) of this Section 2.9.