Financial Test. Upon discovery by any Party that it or its Guarantor does not meet the requirements of any Financial Test, such Party shall give prompt written notice thereof and the reasons therefor to the other Party. At any time after receipt of such notice, or if any Party shall otherwise receive information that the other Party or its Guarantor may not meet any Financial Test, the Party receiving such notice or information may make reasonable request to the other Party for such additional information as is readily available to such other Party, which shall be provided to the requesting Party reasonably promptly after such request.
Financial Test. ALTERNATIVE II
Financial Test. 18 (1) To pass the financial test, a company must meet all of the following criteria:
(a) tangible net worth at least 10 times the total current decommissioning cost 20 estimate for the total of all facilities or parts thereof (or the current amount required if certification is used) for all 21 decommissioning activities for which the company is responsible as self-guaranteeing licensee and as parent- 22 guarantor;
Financial Test. The Guarantor represents and warrants that as of the date hereof it has immediately available no less than $20 million in cash or readily marketable securities ("Liquid Assets") to be used for satisfaction of the Obligations, if necessary. The Guarantor agrees that at all times during the term of this Guarantee, it will have immediately available Liquid Assets equal to no less than two times the Guarantee Limit (the "Financial Test"). Guarantor shall provide the Seller with (i) annual financial statements in accordance with generally accepted accounting principles consistently applied within 120 days following the end of each fiscal year of the Guarantor and (ii) quarterly financial statements certified by Guarantor's Chief Financial Officer to be materially true and correct within 45 days of the end of each calendar quarter. Additionally, on each date Guarantor delivers the above referenced financial statements, Guarantor shall also provide a certificate of Guarantor's Chief Financial Officer certifying to the amount of Liquid Assets on hand.
Financial Test. After giving effect to such Proposed Restricted Payment or the sum of (a) an amount equal to (i) the lesser of the Aggregate Commitment and the Borrowing Base less (ii) the aggregate amount of the Credit Exposure of all Lenders plus (b) the aggregate amount of all cash and Cash Equivalent Investments of the Borrower and its Subsidiaries, shall equal or exceed the greater of $150,000,000 and an amount equal to 15% of the lesser of the Aggregate Commitment and the Borrowing Base.
Financial Test. As of the date hereof, Tenant and Guarantor’s unrestricted cash, cash equivalents, and short-term investments as determined in accordance with generally accepted accounting principles, consistently applied, collectively equal at least $75,000,000 in United States dollars.
Financial Test. To pass the financial test, the parent company must meet the criteria of either 15 Subparagraphs (a) or (b) of this paragraph.
Financial Test. 17 (1) For colleges and universities, to pass the financial test a college or university must meet 18 either the criteria in Subparagraph (a) or the criteria in Subparagraph (b) of this paragraph.
19 (a) For applicants or licensees that issue bonds, a current rating for its most recent 20 uninsured, uncollateralized and unencumbered bond issuance of AAA, AA or A as issued by Standard and Poors or
Financial Test. Commencing with the first anniversary of the completion of the Project until the Indebtedness is paid, Borrower shall maintain a Fixed Charge Coverage Ratio of not less than 1.05 at the end of each fiscal quarter. The Fixed Charge Coverage Ratio shall be calculated each quarter and submitted to Administrator along with the quarterly financial statements required under Section 4.6 hereof.
Financial Test. Any financial test contained in Section 9.2 is not complied with.
