Trailing Four Quarters definition

Trailing Four Quarters. Section 4.07(a)

Trailing Four Quarters or “Trailing Four Quarter Period” means the four full fiscal quarters most recently ended prior to such time of determination for which internal financial statements are available.

Trailing Four Quarters means with respect to any date at which it is to be determined, the fiscal quarter then ended and the three immediately preceding fiscal quarters, considered as a single period; provided, however, that for each of the first three (3) fiscal quarters following the Completion Date, "Trailing Four Quarters" shall mean the period from the Completion Date to the last day of such fiscal quarter.

Examples of Trailing Four Quarters in a sentence

• Financial Performance - Trailing Four Quarters 1) Adjusted EBITDA is a non-GAAP measure and represents operating earnings before interest expense, income taxes, depreciation and amortization, and other non-operating income and/or expense, if any.

• Such notice shall, depending on which condition is relied upon in determining that a Trigger Event has occurred, set forth either (x) the Covered Insurance Subsidiaries’ Risk-Based Capital Ratio or (y) the Trailing Four Quarters Consolidated Net Income Amount and the Adjusted Stockholders’ Equity Amount, as applicable, and the extent to which these amounts must increase in order for payments of interest from sources other than the Alternative Payment Mechanism to resume.

• If a Net Availability Shortfall occurs at any time, compliance with the financial covenants set forth in Sections 7.3(a), (b) and (c) shall be determined and tested for both the Trailing Four Quarters Testing Period and the Current Four Quarters Testing Period.

• PKA 9/30 9/30/98 14.13 1,849 26,117 --------------------------------------------------------------------------------------------------------------------- Financial Data (Trailing Four Quarters, in $ thousands) -------------------------------------------------------------------------------------------------- Net Total Total Common Total .

• HBAC Reports 2010 Second Quarter Results – Page 4 Hawker Beechcraft Acquisition Company, LLC Adjusted Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) Trailing Four Quarters for the Period Ended June 27, 2010 (In millions) Adjusted EBITDA is a non-GAAP financial measure that is useful in evaluating the ability of issuers of “high-yield” securities to meet their debt service obligations.

• While the determination of appropriate adjustments in the calculation of ACCF is subject to interpretation under the terms of the 11% Notes, management believes the adjustments described below are in accordance with the covenants in the 11% Notes.The following table reconciles net earnings (loss) to CCF and ACCF for the trailing four quarters ending April 3, 2010 and April 4, 2009: Trailing Four Quarters Ending (1) (2) (3) (1)+(2)-(3) Year Ended First Quarter First Quarter Successor Predecessor Dec.

• If a Net Availability Shortfall occurs at any time during a fiscal quarter, compliance with the financial covenants set forth in Sections 7.3(a) and (b) shall be determined and tested for both the Trailing Four Quarters Testing Period and the Current Four Quarters Testing Period.

• The Companies and their Subsidiaries shall not be deemed to have violated any of the financial covenants for the Trailing Four Quarters Testing Period, unless the Companies and their Subsidiaries shall also fail to comply with one or more of the financial covenants for the Twelve Months Testing Period.

• While the determination of appropriate adjustments in the calculation of ACCF is subject to interpretation under the terms of the 11% Notes, management believes the adjustments described below are in accordance with the covenants in the 11% Notes.The following table reconciles net earnings (loss) to CCF and ACCF for the trailing four quarters ending July 3, 2010 and July 4, 2009: Trailing Four Quarters Ending (1) (2) (3) (1)+(2)-(3) Year Ended First Half First Half (Successor) (Predecessor) Dec.

• In that Compliance Certificate or a subsequent Special Compliance Certificate furnished to you, I reported that the Companies had failed to comply with the financial covenants set forth in Section 7.3 of the Financing Agreement for the Trailing Four Quarters Testing Period ending on the last day of such fiscal quarter.

More Definitions of Trailing Four Quarters

Trailing Four Quarters means, with respect to any date of determination, the fiscal quarter then ended and the three (3) immediately preceding fiscal quarters considered as a single period.

Trailing Four Quarters means the period from the day which is the first day of the first calendar month immediately following the Vencor Effective Date to the date of determination considered as a single period.

Trailing Four Quarters means the period from the Completion Date to the last day of such fiscal quarter.