Common use of Financial testing Clause in Contracts

Financial testing. The financial covenants set out in Clause 22.2 (Financial conditions) shall be tested by reference to the financial statements and Compliance Certificates delivered pursuant to Clause 21.2 (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 22.2 (Financial conditionscondition) shall be tested semi-annually by reference to the Company’s consolidated financial statements and delivered pursuant to Clause 21.1 (Financial statements) and/or each Compliance Certificates Certificate delivered pursuant to Clause 21.2 (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 22.2 24.2 (Financial conditionscondition) (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 tested quarterly in accordance with US GAAP by reference to each of the financial statements and Compliance Certificates Combining Schedules as evidenced by each Compli­ance Certificate delivered pursuant to Clause 21.2 23.4 (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 Completioncertificate).

Financial testing. The financial covenants set out in Clause 22.2 (Financial conditions) shall be tested by reference to the financial statements and Compliance Certificates delivered pursuant to Clause 21.2 (Compliance Certificate) in respect of the Relevant Period, except that, in respect of Project SH4, all the that financial covenants covenant set out herein will only in Clauses 22.2(e) (i) and (ii) shall be tested after 12 Months falling at the Project SH4 Completionend of each Financial Year starting from the Financial Year ending on 31 December 2015.

Financial testing. The financial covenants set out in Clause 22.2 (Financial conditionscondition) shall be tested semi-annually by reference to the Company's consolidated financial statements and delivered pursuant to Clause 21.1 (Financial statements) and/or each Compliance Certificates Certificate delivered pursuant to Clause 21.2 (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 22.2 29.2 (Financial conditionscondition) shall be tested by reference to each of the financial statements and and/or each Compliance Certificates Certificate delivered pursuant to Clause 21.2 28.2 (Compliance Certificate) in respect and any reconciliation statement delivered pursuant to sub-paragraph (c)(ii) of the Relevant Period, except that, in respect of Project SH4, all the Clause 28.3 (Requirements as to financial covenants set out herein will only be tested after 12 Months falling the Project SH4 Completionstatements).