Trailing Twelve Month definition

Trailing Twelve Month means the twelve (12) calendar month period immediately preceding the date of calculation.
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Trailing Twelve Month means the twelve (12) fiscal month period immediately preceding the date of calculation.
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Examples of Trailing Twelve Month in a sentence

  • The Credit Parties shall not permit the Trailing Twelve Month Charge Off Rate to be greater than thirty-six percent (36%).

  • The Credit Parties shall not permit the Trailing Twelve Month Charge Off Rate (US) to be greater than thirty-six percent (36%).

  • The Credit Parties shall not permit the Trailing Twelve Month Charge Off Rate to be greater than twenty-three percent (23%).

  • If with respect to any Mandatory Capital Expense, Borrower allows a Lease to lapse and Borrower does not spend the entire amount referenced on Exhibit S, then with respect to the first Semiannual Payment Date following the lapse of such Lease the required Trailing Twelve Month Cash Flow for such Semiannual Payment Date shall be increased by the amount of the unused funds.

  • The Required Trailing Twelve Month Cash Flow set forth on Exhibit J for each future Semiannual Payment Date shall be reduced by an amount equal to the future net revenue attributable to the Scheduled Capital Operation that triggered the need for an adjustment pursuant to Section 2.17 (the "Subject Operation"), as such future net revenue is set forth on the economic evaluation for such operation included as a part of this Attachment 1.

  • If Borrower and Lender are unable to agree on an appropriate adjustment to such amounts, then the Scheduled Principal Amount and the Required Trailing Twelve Month Cash Flow shall instead be adjusted as provided for on Attachment 1 to Exhibit J.

  • The Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any fiscal month to be less than 1.10 to 1.00 for the Trailing Twelve Month Period ended as of such day, regardless of whether or not any Low Availability Period is in effect.” (bb) Amendment of Section 12.10.

  • The Borrowers will not permit the Fixed Charge Coverage Ratio as of the last day of any fiscal month to be less than 1.10 to 1.00 for the Trailing Twelve Month Period ended as of such day, regardless of whether or not any Low Availability Period is in effect.

  • Borrower is in default of the financial covenant contained in Section 6.20(b) of the Loan Agreement for the Trailing Twelve Month Period ended September 30, 2010.

  • The 2.5% EBITDA margin will be reviewed quarterly by the Purchaser and, if the Corporation fails to maintain a Trailing Twelve Month period 2.5% EBITDA margin, based on a rolling Trailing Twelve Month period, for two (2) consecutive fiscal quarters, the Corporation will be in breach of this Section 4.07 and the Purchaser shall have the right, but not the obligation to, take operational control of the Corporation.

Related to Trailing Twelve Month

  • Twelve-Month Period means a period of twelve consecutive months determined on a rolling basis where a new twelve month period begins on the first day of each calendar month.

  • Month means calendar month.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

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