Availability Test Period definition

Availability Test Period means, for the first Availability Test Period, the period from the Substation Completion Date to the first anniversary of the Substation Completion Date, and for each subsequent Availability Test Period, the period from the applicable anniversary of the Substation Completion Date to the immediately following anniversary of the Substation Completion Date.
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Availability Test Period means, for any Fiscal Month, a period that begins on the sooner to occur of the date that the consolidated monthly Financial Statements of the Borrowers and their consolidated Subsidiaries for such Fiscal Month are required to be delivered pursuant to Section 5.2(b) hereof or the date such Financial Statements actually are delivered and ending on the sooner to occur of the date that the consolidated monthly Financial Statements for the Borrowers and their consolidated Subsidiaries for the next succeeding Fiscal Month are required to be delivered pursuant to Section 5.2(b) hereof or the date such Financial Statements actually are delivered; and (ii) the first Availability Test Period shall be for Fiscal Month June 2004. Period EBITDA Minimum Availability (for the twelve (12) (if EBITDA is less (then Availability at all consecutive Fiscal than): times during the next Months ending on the last Availability Test Period day of Fiscal Month): shall be at least): June, 2004 $109,000,000 $75,000,000 July, 2004 $105,000,000 $75,000,000 August, 2004 $104,000,000 $75,000,000 September, 2004 $98,000,000 $80,000,000 October, 2004 $94,000,000 $80,000,000 November, 2004 $95,000,000 $80,000,000 December, 2004 $90,000,000 $90,000,000 January, 2005 $90,000,000 $90,000,000 Each Month thereafter $90,000,000 $90,000,000
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Availability Test Period is a twelve (12)-month period from and including the Commercial Operation Date and subsequent twelve (12)-month periods from each anniversary of the Commercial Operation Date.
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Examples of Availability Test Period in a sentence

  • AVAILABILITY36 The O&M Contractor guarantees that the Measured Availability during each Availability Test Period shall meet or exceed the Minimum Guaranteed Availability.

  • The total aggregate liability of the Project Company to pay the Availability Bonus in respect of any Availability Test Period shall not exceed the amount of the Availability Bonus Cap.

  • If identified as applicable in the Key Information Table, for any Availability Test Period in which the average Measured Availability is more than the Minimum Guaranteed Availability, the Project Company shall pay to the O&M Contractor the Availability Bonus.

  • The total aggregate liability of the O&M Contractor to pay Availability Liquidated Damages in respect of any Availability Test Period shall not exceed the amount of the Availability Liquidated Damages Cap.

  • At the end of each Availability Test Period, the O&M Contractor shall calculate the amount of Availability Liquidated Damages or Availability Bonus payable in respect of that Availability Test Period and must notify the same to the Project Company as soon as reasonably practicable but no later than ten (10) Business Days following the end of that Availability Test Period.

  • Pedestrian and Bicycle Winter Maintenance Study (2018-00576) Receiving and filing the Pedestrian and Bicycle Winter Maintenance Study.

  • In Alternatives B (preferred) and C (more developed), the building is one story to keep the mass low to blend in and also to respect the private residences upslope who that share the view.

  • Notwithstanding other notice provisions set forth in this Agreement, DepSecure may end the Early Availability Test Period at any time and for any reason upon notice by email to the person End User designates as a contact for the Early Availability Product evaluation.

  • Notwithstanding other notice provisions set forth in this Agreement, Imperva may end the Early Availability Test Period at any time and for any reason upon notice by email to the person End User designates as a contact for the Early Availability Product evaluation.

  • Upon the termination of the Early Availability Test Period, all licenses granted under this Section 16 will cease, and either (i) End User will license a commercially available Product or (ii) End User will return the Early Availability Product to DepSecure and destroy or erase any intangible copies of the Early Availability Product.


More Definitions of Availability Test Period

Availability Test Period means the period (a) commencing on the first day of the Conversion Period and (b) continuing until the earlier of (i) the commencement of the Liquidity Test Period and (ii) the end of the Conversion Period.
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Availability Test Period has the meaning specified in Section 7.24(b).
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Availability Test Period means (i) the four consecutive calendar week period consisting of (a) the calendar week most recently ended prior to July 2, 2006 for which, pursuant to Section 5.2(n), the Loan Parties were required to deliver to the Administrative Agent prior to such date a weekly Borrowing Base Certificate for each Borrower and Foamex Canada and (b) the three consecutive calendar weeks ending immediately prior to the calendar week referred to in subclause (a) of this clause (i) and (ii) thereafter, each thirteen consecutive calendar week period consisting of (a) the last calendar week in the fiscal quarter of Foamex most recently ended (commencing with the fiscal quarter of Foamex ending on October 1, 2006) for which, pursuant to Section 5.2(n), the Loan Parties were required to deliver to the Administrative Agent prior to the last day of such fiscal quarter a weekly Borrowing Base Certificate for each Borrower and Foamex Canada and (b) the twelve consecutive calendar weeks ending immediately prior to the calendar week referred to in subclause (a) of this clause (ii).
Sample 1
Availability Test Period means each thirteen consecutive calendar week period consisting of (a) the last calendar week in the fiscal quarter of Foamex most recently ended (commencing with the fiscal quarter of Foamex ending on July 1, 2007) for which, pursuant to Section 5.2(j), Foamex was required to deliver to the Administrative Agent prior to the last day of such fiscal quarter a weekly Borrowing Base Certificate for each Borrower and Foamex Canada and (b) the twelve consecutive calendar weeks ending immediately prior to the calendar week referred to in subclause (a) hereof.
Sample 1

Related to Availability Test Period

  • Test Period on any date of determination, the period of four consecutive fiscal quarters of the Borrower (in each case taken as one accounting period) most recently ended on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section 6.1.

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Required Availability means Excess Availability and unrestricted cash and Cash Equivalents in an amount of not less than $5,000,000.

  • Excess Availability means, as of any date of determination, the amount equal to Availability minus the aggregate amount, if any, of all trade payables of Borrower and its Subsidiaries aged in excess of historical levels with respect thereto and all book overdrafts of Borrower and its Subsidiaries in excess of historical practices with respect thereto, in each case as determined by Agent in its Permitted Discretion.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Availability Block means $15,000,000.

  • Borrowing Availability means, as of any date of determination, the lesser of (i) the Maximum Amount and (ii) the Borrowing Base, in each case, less the sum of the aggregate Revolving Loan and Swing Line Loan then outstanding.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Average Availability means, with respect to any period, the sum of the aggregate amount of Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Availability Amount is (a) the lesser of (i) the Revolving Line or (ii) the amount available under the Borrowing Base minus (b) the outstanding principal balance of any Advances.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Cash Flow Leverage Ratio means as of the last day of any calendar quarter the ratio of the Total Funded Debt as of such day to Adjusted EBITDA for the four calendar quarters then ended.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Average Revolver Usage means, with respect to any period, the sum of the aggregate amount of Revolver Usage for each day in such period (calculated as of the end of each respective day) divided by the number of days in such period.

  • Undrawn Availability at a particular date shall mean an amount equal to (a) the lesser of (i) the Formula Amount, or (ii) the Maximum Revolving Advance Amount, minus the Maximum Undrawn Amount of all Letters of Credit, minus (b) the sum of (i) the outstanding amount of Revolving Advances, plus (ii) amounts due and owing to any Borrower’s trade creditors which are outstanding sixty (60) days or more past the due date thereof.

  • Borrowing Base Utilization Percentage means, as of any day, the fraction expressed as a percentage, the numerator of which is the sum of the Revolving Credit Exposures of the Lenders on such day, and the denominator of which is the Borrowing Base in effect on such day.

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • Adjusted Leverage Ratio means, as of any date, the ratio of (a) Consolidated Total Funded Debt outstanding as of such date minus any Unrestricted Cash over $3,000,000 to (b) EBITDA for the period of four consecutive fiscal quarters ending on such date.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Cash Flow Coverage Ratio means, for any period, the ratio of (i) Adjusted Parent Operating Cash Flow for such period to (ii) Corporate Charges for such period.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • Interest Coverage Ratio means, as of the end of each fiscal quarter, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for the then-most recently concluded period of four consecutive fiscal quarters.

  • Net Total Leverage Ratio means on any date, the ratio of (A) (i) the sum of, without duplication, (x) the aggregate principal amount of any Consolidated Debt consisting of Loan Obligations outstanding as of the last day of the Test Period most recently ended as of such date (other than Excluded Transaction Debt) and (y) the aggregate principal amount of any other Consolidated Debt of the Borrower and its Subsidiaries as of the last day of such Test Period (other than Excluded Transaction Debt) less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Borrowing Base Test means a test that will be satisfied on any date of determination if the following is true: Where: AR =57%.

  • Maximum Availability has the meaning set forth in Section 2.1.1.