Coverage Tests Sample Clauses

Coverage Tests. 🗖 Define your coverage area for testing 🗖 Identify specific areas of concern 🗖 Identify participants in the test 🗖 You will need to schedule your coverage tests (if required) 🗖 Will additional infrastructure be required?
Sample 1Sample 2
AutoNDA by SimpleDocs
Coverage Tests. 10 14.4. Mobility/Handover............................................... 10
Sample 1Sample 2
Coverage Tests. (a) The Borrower shall not at any time permit the aggregate principal amount of the Borrower’s Debt to exceed the lesser of (i) 10% of the Borrower’s Adjusted Net Asset Value; (ii) 50% of the Borrower’s Liquid Assets and (iii) 50% of Borrower’s Eligible Assets, provided that in no event shall any interest of the Borrower in any collective undertaking or fund that is sponsored or advised by the Bank or any of its affiliates, including, without limitation, by SSgA Funds Management, Inc., be included in the Borrower’s Adjusted Net Asset Value, the Borrower’s Liquid Assets or the Borrower’s Eligible Assets for purposes of determining compliance with the covenant set forth in this Section 5.14. (b) The Borrower will not permit, at any time, the aggregate amount of its Total Leverage to exceed 33- 1/3% of the sum of (i) its Net Asset Value plus (ii) its Total Leverage.
Sample 1
Coverage Tests. (a) The Fund shall maintain, as of the last day of each month, the 1940 Act Asset Coverage. (b) The Fund shall satisfy, as of each Business Day, the Over-Collateralization Test.
Sample 1
Coverage Tests a. Overcollateralization Test
Sample 1
Coverage Tests. (a) At any time during which any of the Notes are Outstanding, if any of the Coverage Tests described below are not satisfied as of the related Calculation Date, amounts that would otherwise be used (i) for payments of Excess Funds on the Class E Subordinate Income Notes, (ii) for the purchase of additional Collateral Debt Securities; (iii) for the payment of certain fees and expenses; (iii) in the case of a failure to satisfy either the Class A Interest Coverage Test or the Class A Principal Coverage Test, for interest payments on the Class B Notes, the Class C Notes and the Class D Notes; (iv) in the case of a failure to satisfy either the Class B Interest Coverage Test or the Class B Principal Coverage Test, for interest payments on the Class C Notes and the Class D Notes; (v) in the case of a failure to satisfy either the Class C Interest Coverage Test or Class C Principal Coverage Test, for interest payments on the Class D Notes; and (vi) in the case of a failure to satisfy either the Class D Interest Coverage Test or the Class D Principal Coverage Test, for payments of Excess Funds on the Class E Subordinate Income Notes shall instead be applied on the related Payment Date, to the extent necessary to satisfy such Coverage Test as of such Calculation Date, to Principal Prepayments until such Coverage Test is satisfied as of such Calculation Date or the Notes are paid in full. (b) On the Effective Date, the portfolio of Collateral Debt Securities must meet each of the Coverage Tests. Furthermore, if any of the Coverage Tests set forth herein are not satisfied prior to or as a result of any proposed purchase of additional Collateral Debt Securities or Substitute Collateral Debt Securities after the Effective Date, the Issuer will not be permitted to make such purchase. (c) The Interest Coverage Test for each Class of Notes shall be satisfied as of any date of determination when the Interest Coverage Ratio for each such Class is equal to or exceeds the required level set forth below: Class A Interest Coverage Test 115 % Class B Interest Coverage Test 110 % Class C Interest Coverage Test 104 % Class D Interest Coverage Test 102 % The respective Interest Coverage Ratio is equal to the percentage based on the ratio of (x) to (y), where (x) is equal to the Interest Coverage Amount and where (y) is an amount equal to (i) in the case of the Class A Interest Coverage Ratio, the Periodic Interest for the Class A Notes for the Payment Date immediately following s...
Sample 1

Related to Coverage Tests

  • Stability Testing Patheon may be requested to conduct stability testing on the Products in accordance with the protocols set out in the Specifications for the separate fees and during the time periods set out in Schedule C to a Product Agreement. Patheon will not make any changes to these testing protocols without prior written approval from Client. If a confirmed stability test failure occurs, Patheon will notify Client within one Business Day, after which Patheon and Client will jointly determine the proceedings and methods to be undertaken to investigate the cause of the failure, including which party will bear the cost of the investigation. Patheon will not be liable for these costs unless it has failed to perform the Manufacturing Services in accordance with the Specifications, cGMPs, and Applicable Laws. Patheon will give Client ail stability test data and results at Client’s request.

  • Performance Tests Contractor shall perform Performance Tests in accordance with Section 11.2 of the Agreement and Attachment S.

  • Right to Observe Testing Developer and Connecting Transmission Owner shall each notify the other Party, and the NYISO, in advance of its performance of tests of its Attachment Facilities. The other Party, and the NYISO, shall each have the right, at its own expense, to observe such testing.

  • Test The outer surface of the lamp lenses shall be subjected once or more than once to the action of the sand jet produced as described above. The jet shall be sprayed almost perpendicular to the surface to be tested. The deterioration shall be checked by means of one or more samples of glass placed as a reference near the lenses to be tested. The mixture shall be sprayed until the variation in the diffusion of light on the sample or samples measured by the method described in Appendix 2, is such that: Δ d = (T5 - T4) / T2 ≤ 0.0250 ± 0.0025 Several reference samples may be used to check that the whole surface to be tested has deteriorated homogeneously.

  • Test conditions 6.1.1. The test shall be performed on a flat, dry concrete or asphalt surface affording good adhesion. 6.1.2. The ambient temperature shall be between 0°C and 45°C. 6.1.3. The horizontal visibility range shall allow the target to be observed throughout the test.

  • Substance Abuse Testing The Parties agree that it is in the best interest of all concerned to promote a safe working environment. The Union has no objection to pre-employment substance abuse testing when required by the Employer and further, the Union has no objection to voluntary substance abuse testing to qualify for employment on projects when required by a project owner. The cost and scheduling of such testing shall be paid for and arranged by the Employer. The Union agrees to reimburse the Employer for any failed pre-access Alcohol and Drug test costs.

  • Performance Testing 7.2.1 The Design-Builder shall direct and supervise the tests and, if necessary, the retests of the Plant using Design-Builder’s supervisory personnel and the Air Emissions Tester shall conduct the air emissions test, in each case, in accordance with the testing procedures set forth in Exhibit A (the “Performance Tests”), to demonstrate, at a minimum, compliance with the Performance Guarantee Criteria. Owner is responsible for obtaining Air Emissions Tester and for ensuring Air Emissions Tester’s timely performance. Design-Builder shall cooperate with the Air Emissions Tester to facilitate performance of all air emissions tests. Design-Builder shall not be held responsible for the actions of Owner’s employees and third parties involved in the Performance Testing, including but not limited to Air Emissions Tester. 7.2.2 No later than thirty (30) Days prior to the earlier of the Scheduled Substantial Completion Date or Substantial Completion, Design-Builder shall provide to Owner for review a detailed testing plan for the Performance Tests (other than for air emissions). Owner and Design-Builder shall agree upon a testing plan that shall be consistent with the Performance Test Protocol contained in Exhibit A hereto. After such agreement has been reached, Design-Builder shall notify the Owner five (5) business days prior to the date Design-Builder intends to commence the Performance Tests and shall notify the Owner upon commencement of the Performance Tests. Owner and Independent Engineer each have the right to witness all testing, including the Performance Tests and any equipment testing, whether at the Site or at the Subcontractor’s or equipment supplier’s premises during the course of this Agreement. Notwithstanding the foregoing sentence, Owner shall bear the costs of providing a witness to any such testing and all such witnesses shall comply at all times with Design-Builder’s, Subcontractor’s or equipment supplier’s safety and security procedures and other reasonable requirements, and otherwise conduct themselves in a manner that does not interfere with Design-Builder’s, Subcontractor’s or equipment supplier’s activities or operations. 7.2.3 Design-Builder shall provide to Owner a Performance Test report (excluding results from air emissions testing), including all applicable test data, calculations and certificates indicating the results of the Performance Tests and, within five (5) business days of Owner’s receipt of such results, Owner, Independent Engineer and Design-Builder will jointly inspect such Work and review the results of the Performance Tests to verify that the Performance Guarantee Criteria have been met. If Owner or Independent Engineer reasonably determines that the Performance Guarantee Criteria have not been met, Owner shall notify Design-Builder the reasons why Owner determined that the Performance Guarantee Criteria have not been met and Design-Builder shall promptly take such action or perform such additional work as will achieve the Performance Guarantee Criteria and shall issue to the Owner another notice in accordance with Section 7.2.2; provided however that if the notice relates to a retest, the notice may be provided no less than two (2) business days prior to the Performance Tests. Such procedure shall be repeated as necessary until Owner and Independent Engineer verifies that the Performance Guarantee Criteria have been met. 7.2.4 If Owner, for whatever reason, prevents Design-Builder from demonstrating the Performance Guarantee Criteria within thirty (30) Days of Design-Builder’s notice that the Plant is ready for Performance Testing, then Design-Builder shall be excused from demonstrating compliance with the Performance Guarantee Criteria during such period of time that Design-Builder is prevented from demonstrating compliance with the Performance Guarantee Criteria; provided however that Design-Builder will be deemed to have fulfilled all of its obligations to demonstrate that the Plant meets the Performance Guarantee Criteria should such period of time during which Design-Builder is prevented from demonstrating the Performance Criteria exceed thirty (30) Days or extend beyond the Final Completion Date.

  • Service Requirement Except as otherwise provided in Section 6(e) of the Plan or Section 2 of this Agreement, this Option may be exercised only while you continue to provide Service to the Company or any Affiliate, and only if you have continuously provided such Service since the Grant Date of this Option.

  • Testing Requirements 12.1. Workplaces - 12.2. On workplaces where the value of the Commonwealth’s contribution to the project that includes the building work is at least $5,000,000, and represents at least 50% of the total construction project value or the Commonwealth’s contribution to the project that includes the building work is at least $10,000,000 (irrespective of its proportion of the total construction project value) the following minimum testing requirements must be adhered to.

  • Polygraph Tests The Employer agrees that polygraph or similar lie detector tests will not be used.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!