TTM Revenue definition

TTM Revenue means, at any time the same is to be determined with respect to any Obligor, the trailing twelve-month revenue of such Obligor calculated in accordance with the corresponding amount or ratio in the underlying Related Documents for such Loan utilizing the most recently delivered financial results for the related Obligor.

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TTM Revenue means trailing twelve (12) months’ revenue, determined in accordance with GAAP consistently applied, as of any date of determination.

TTM Revenue means, as of any date of determination, with respect to Borrower and its consolidated Subsidiaries the amount which is set forth under the heading “Revenues” on the consolidated statement of operations of Borrower and its Subsidiaries for the most recent four (4) consecutive Fiscal Quarter period ending on or immediately prior to such date as determined in accordance with GAAP.

Examples of TTM Revenue in a sentence

Notwithstanding anything herein to the contrary, Borrower shall not be obligated to comply with the provisions of this Section 6.12 during any fiscal quarter of Borrower if either (i) Borrower’s actual TTM Revenue for the 12-month period ended on the last day of the immediately preceding quarter was at least Seventy Five Million Dollars ($75,000,000.00) or (ii) the Borrower has been cash flow positive for its two most recently completed fiscal quarters.
Borrower shall not permit Excluded Subsidiaries to maintain Cash balances in excess of the greater of (x) Two Million Dollars ($2,000,000.00) and (y) 0.10% of TTM Revenue in the aggregate at any time determined as of the end of any Business Day; provided that the Excluded Subsidiaries may maintain Cash balances in excess of the foregoing cap set forth in the preceding sentence as required by applicable law.
After delivery of the Preliminary Closing Statement and Preliminary Customer TTM Revenue Statement, Purchaser shall give Seller and its representatives reasonable access, during normal business hours, to review the Company’s and its Subsidiaries’ material books and records and work papers related to the preparation of the Preliminary Closing Statement and Preliminary Customer TTM Revenue Statement for the purpose of assisting Seller in its review thereof.
The parties agree that the procedure set forth in this Section 2.14(b) for resolving disputes with respect to any TTM Revenue Statement shall be the sole and exclusive method for resolving any such disputes; provided that, this provision shall not prohibit any party from instituting litigation to enforce the ruling of the Independent Accountant.
If Seller has any objections to the Preliminary Closing Statement or the Preliminary Customer TTM Revenue Statement, Seller shall deliver to Purchaser a written statement setting forth its objections thereto (an “Objections Statement”).

More Definitions of TTM Revenue

TTM Revenue means trailing twelve (12) months’ consolidated revenue, determined in accordance with GAAP, as of any date of determination.

TTM Revenue means trailing twelve (12) months Revenue, as of any date of determination.

TTM Revenue is defined in Section 6.12(b).

TTM Revenue means the pro forma trailing twelve months Revenue of a business acquired by the Company determined as of the closing date of the acquisition, subject to adjustment in the discretion of the Compensation Committee for purposes of this STIP.

TTM Revenue means, at any date of determination, the consolidated revenue for the Borrowers and their Subsidiaries for the most recently completed twelve months; provided that (A) for the Fiscal Quarter ended on or about December 31, 2007, “TTM Revenue” shall mean four times the consolidated revenue for the Borrowers and their Subsidiaries for such Fiscal Quarter, (B) for the Fiscal Quarter ended on or about March 31, 2008, “TTM Revenue” shall mean two times the consolidated revenue for the Borrowers and their Subsidiaries for the two Fiscal Quarters ended on or about March 31, 2008, and (C) for the Fiscal Quarter ended on or about June 30, 2008, “TTM Revenue” shall mean four thirds of the consolidated revenue for the Borrowers and their Subsidiaries for the three Fiscal Quarters ended on or about June 30, 2008.

TTM Revenue means total Product Revenue of the Borrower and its Subsidiaries on a consolidated basis, calculated in accordance with GAAP, for the Test Period then most recently ended.

TTM Revenue means, with respect to any Account Debtor, as of any particular date, the revenue of such Account Debtor for the preceding twelve-month period ending on the last day of the calendar month most recently ended for which financial statements of the Account Debtor have been delivered to the Servicer, determined by the Servicer in good faith in accordance with a reasonable methodology that is consistent with the methodology used for similar loans under management by the Servicer.