Mandatory Liquidity Test Sample Clauses

Mandatory Liquidity Test. Prior to the service of a Notice to Pay or a CBC Acceleration Notice and immediately preceding each anniversary of the Programme Date, the Asset Monitor shall, by no later than ten (10) Business Days following the receipt of the relevant information to be provided to it pursuant to Clause 4, report on the findings resulting from the agreed upon procedures on the calculations performed by the Issuer in relation to the liquidity test set out in Article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiele regels Wft) (the "Mandatory Liquidity Test"). In this respect, the Asset Monitor shall be provided with the figures for the items listed in Clause 4.3 and shall perform the following procedures:
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Mandatory Liquidity Test. Prior to the service of a Notice to Pay or a CBC Acceleration Notice and immediately preceding each anniversary of the Programme Date, the Asset Monitor shall, by no later than ten (10) Business Days following the receipt of the relevant information to be provided to it pursuant to Clause 4, perform agreed upon procedures with respect to the arithmetic accuracy of the calculations performed by the Issuer in relation to the liquidity test set out in Article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiele regels Wft) (the "Mandatory Liquidity Test") with a view to confirm the accuracy (or otherwise of such calculations. The CBC (or the Administrator on its behalf) shall timely notify the Asset Monitor of the timing of the agreed upon procedures referred to in this sub-Clause 3.3. In this respect, the Asset Monitor shall be provided with the figures for the items listed in Clause 4.3 and shall perform a clerical accuracy check K + L + M ≥ N, with the first such agreed upon procedure to be performed in 2022. In this Clause 3.3:
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Mandatory Liquidity Test. Subject to the Asset Monitoring Appointment Agreement, prior to the service of a Notice to Pay or a CBC Acceleration Notice, the Asset Monitor shall by no later than ten (10) Business Days following the receipt of the relevant information to be provided to it pursuant to Clause 4 of the Asset Monitoring Appointment Agreement, once each calendar year report on the findings resulting from the agreed upon procedures in Clause 3.3 of the Asset Monitoring Appointment Agreement, on the calculations performed by the Issuer in relation to the liquidity test set out in Article 40g of the Wft Prudential Rules Decree (Besluit prudentiële regels Wft) (the ''Mandatory Liquidity Test'') in relation to a Calculation Date immediately preceding each anniversary of the Programme Date, as applicable. The Administrator shall timely notify the Asset Monitor of the timing of the determinations referred to in this Clause 7.
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Mandatory Liquidity Test. Subject to the Asset Monitoring Appointment Agreement, the Mandatory Liquidity Test shall be carried out in relation to a Calculation Date immediately preceding each anniversary of the Programme Date, as applicable. The Administrator shall timely notify the Asset Monitor of the timing of the determinations referred to in the Mandatory Liquidity Test.
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Mandatory Liquidity Test. The Administrator shall timely notify the Asset Monitor of the timing of the determinations referred to in the Mandatory Liquidity Test.
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Mandatory Liquidity Test. The Asset Monitor shall by no later than ten (10) Business Days following the receipt of the relevant information to be provided to it pursuant to Clause 4, report on the findings resulting from the agreed upon procedures on the calculations performed by the CBC (or the Administrator on its behalf) in relation to the requirement for the Issuer under the CB Legislation to ensure that at all times sufficient liquidity is maintained or generated by the CBC to cover the maximum cumulative net liquidity outflow (including all payment outflows falling due on one day, including principal and interest payments and payments under derivative contracts forming part of the Programme, net of all payment inflows falling due on the same day for claims related to the cover assets) for the following 180 day-period, in each case as calculated and determined in accordance with the Decree (the "Mandatory Liquidity Test").
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Mandatory Liquidity Test. As Asset Monitor, we will establish whether at 31 October 2023 a liquidity buffer (Mandatory Liquidity Required Amount) is maintained to cover the net liquidity outflow of the Programme for the following 180-day period as required by Article 40k of the Wft Prudential Rules Decree (Besluit prudentiële regels Wft) effective as of 8 July 2022 as part of the CB Legislation. We have been informed by NIBC Bank N.V. that the liquidity buffer as at 31 October 2023 comprises the Reserve Account and the net liquidity outflow for the following 180-day period comprises all payments of principal, interest, and any payments under derivative contracts falling due on 28 April 2024 (31 October 2023 plus 180 days).
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Related to Mandatory Liquidity Test

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