Common use of Financial testing Clause in Contracts

Financial testing. The financial covenants set out in Clause 27.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each Compliance Certificate delivered in accordance with Clause 26.2 (Provision and contents of Compliance Certificate).

Financial testing. 27.3.1 The financial covenants set out in Clause 27.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the financial statements and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 (Provision and contents of Compliance Certificate)) with the first such test to be made in respect of the Relevant Period ending on 31 December 2007.

Financial testing. The financial covenants set out in Clause 27.2 22.2 (Financial conditionconditions) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each the financial statements and Compliance Certificate Certificates delivered in accordance with pursuant to Clause 26.2 21.2 (Provision and contents of Compliance Certificate)) in respect of the Relevant Period, except that, in respect of Project SH4, all the financial covenants set out herein will only be tested after 12 Months falling the Project SH4 Completion.

Financial testing. The financial covenants set out in Clause 27.2 22.2 (Financial conditionconditions) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each the financial statements and Compliance Certificate Certificates delivered in accordance with pursuant to Clause 26.2 21.2 (Provision and contents of Compliance Certificate)) in respect of the Relevant Period, except that financial covenant set out in Clauses 22.2(e) (i) and (ii) shall be tested at the end of each Financial Year starting from the Financial Year ending on 31 December 2015.

Financial testing. The financial covenants set out in Clause 27.2 24.2 (Financial condition) (including, for the avoidance of doubt, paragraph (a) of Clause 24.2 (Financial condition), even though the Borrowers are not required to maintain compliance with para­graph (a) of Clause 24.2 (Financial condition) prior to the Original Leverage Test Compliance Date) shall be calculated tested quarterly in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis US GAAP by reference to each Compliance of the Combining Schedules as evidenced by each Compli­ance Certificate delivered in accordance with pursuant to Clause 26.2 23.4 (Provision and contents of Compliance Certificatecertificate).

Financial testing. The financial covenants set out in Clause 27.2 22.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis for each Relevant Period by reference to each of the financial statements and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 21.2 (Provision and contents of Compliance Certificate).

Financial testing. The financial covenants set out in Clause 27.2 21.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the financial statements and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 20.2 (Provision and contents of Compliance Certificate).. 93954-4-1-v3.0 -63- 70-40529536

Financial testing. (a) The financial covenants set out in Clause 27.2 23.1 (Financial conditionCondition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the financial statements and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 22.2 (Provision and contents of Compliance Certificate). No item shall be deducted or credited more than once in any calculation. 1 To be aligned with the Loan Notes.

Financial testing. The financial covenants set out in Clause 27.2 23.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis semi-annually by reference to the Parent's consolidated financial statements delivered pursuant to Clause 22.1 (Financial statements) and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 22.2 (Provision and contents of Compliance Certificate).

Financial testing. 28.3.1 The financial covenants set out in Clause 27.2 28.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the financial statements and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 27.2 (Provision and contents of Compliance Certificate)) with the first such test to be made in respect of the Relevant Period ending on 31 December 2005.

Financial testing. The financial covenants set out in Clause 27.2 22.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group for each Calculation Period ending on a consolidated basis each Calculation Day by reference to each of the relevant financial statements and/or the relevant Compliance Certificate delivered in accordance with pursuant to Clause 26.2 21.2 (Provision and contents of Compliance Certificate).

Financial testing. The financial covenants set out in Clause 27.2 23.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the Consolidated Financial Statements and each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 22.2 (Provision and contents of Compliance Certificate).

Financial testing. (A) The financial covenants set out in Clause 27.2 23.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the financial statements and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 22.2 (Provision and contents of Compliance Certificate).

Financial testing. The Subject to Clause 23.4 (Duration of Financial Covenants), the financial covenants set out in Clause 27.2 23.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group for each Calculation Period ending on a consolidated basis each Calculation Date by reference to each of the relevant financial statements and/or the relevant Compliance Certificate delivered in accordance with pursuant to Clause 26.2 22.4 (Provision and contents of Compliance Certificate).”

Financial testing. The financial covenants set out in Clause 27.2 29.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the financial statements and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 28.2 (Provision and contents of Compliance Certificate) and any reconciliation statement delivered pursuant to sub-paragraph (c)(ii) of Clause 28.3 (Requirements as to financial statements).

Financial testing. (a) The financial covenants set out in Clause 27.2 22.2 (Financial conditionCondition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the financial statements delivered pursuant to paragraphs (a) or (c) of Clause 21.1 (Financial Statements) and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 21.2 (Provision and contents of Compliance Certificate).

Financial testing. The financial covenants set out in Clause 27.2 23.3 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the financial statements and/or each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 22.2 (Provision and contents of Compliance Certificate).

Financial testing. The financial (a) Thefinancial covenants set out in this Clause 27.2 (Financial condition) 22 shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the financial statements and each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 21.1 (Provision Financial Statements) and contents of Clause 21.2 (Compliance Certificate).

Financial testing. (a) The financial covenants set out in Clause 27.2 24.2 (Financial condition) shall be calculated in accordance with the Accounting Principles and tested in relation to the Group on a consolidated basis by reference to each of the Quarterly Financial Statements and Annual Financial Statements and each Compliance Certificate delivered in accordance with pursuant to Clause 26.2 23.2 (Provision and contents of Compliance Certificate).