Budget Testing Period means:
Budget Testing Period has the meaning assigned in Section 8.8(a).
Examples of Budget Testing Period in a sentence
On each Budget Testing Date, the Credit Parties shall cause the amount of the actual receipts for each line item during the Budget Testing Period to be not less than the Permitted Deviation for the budgeted amount of the projected receipts for such line item set forth in the Budget for such period.
More Definitions of Budget Testing Period
Budget Testing Period means (a) in the case of the Budgeted Receipts Test, (i) with respect to the first Budget Testing Date, the period beginning on Saturday of the week in which the Petition Date occurs and ending on such Budget Testing Date and (ii) with respect to each Budget Testing Date thereafter, the period beginning on the Saturday prior to such Budget Testing Date and ending on such Budget Testing Date, and (b) in the case of the Budgeted Disbursements Test, the period beginning on Saturday of the week in which the Petition Date occurs and ending on such Budget Testing Date.
Budget Testing Period means (i) in respect of disbursements, any rolling 5-week period commencing immediately after the end of the 5th week following the Closing Date, and (ii) in respect of Net Cash Operating Flow, the Cumulative Net Cash Operating Flow Rolling Period commencing immediately after the end of the 4th week following the Closing Date.
Budget Testing Period means the cumulative period from the Petition Date through the Friday of the most recently ended week; provided, that such test shall not commence until the second full week ended after the Petition Date.
Budget Testing Period means the two week period beginning with the week in which the Effective Date occurs, and each cumulative period beginning with the week in which the Effective Date occurs and ending every two weeks after the first two week period.
Budget Testing Period means, the four-week period ending on the Sunday immediately preceding such Budget Testing Date. “Business Day” means any day other than a Saturday, a Sunday or other day on which banking institutions in New York City or, with respect to any payment on a Note, the place of payment, are authorized or required by law, regulation or executive order to close or remain closed. “Capital Lease Obligation” means, with respect to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP; and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. “Capital Stock” with respect to any Person means any and all shares, interests, rights, participations or other equivalents of or interests in (however designated) stock, limited liability company interests or other equity interests (including partnership or membership interests) issued by such Person that confer the right to receive a share of the profits and losses of, or distributions of, such Person, and any and all warrants, rights or options to purchase or other arrangements or rights to acquire any of the foregoing, but “Capital Stock” shall not include any debt securities convertible into or exchangeable for any securities otherwise constituting Capital Stock pursuant to this definition, whether or not such debt securities include any right of participation with Capital Stock. “Cash Equivalents” means (i) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government or issued by any agency thereof and backed by the full faith and credit of the United States of America, in each case maturing within one year from the date of acquisition thereof; (ii) marketable direct obligations issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof maturing within one year from the date of acquisition thereof and, at the time of acquisition, having one of the three highest ratings obtainable from either S&P or Moody’s; (iii) commercial paper maturing no more than one year from the date of creation thereof and, at the time of acquisition, h...
Budget Testing Period means [under negotiation; definition to follow].
Budget Testing Period means, with respect to the initial Budget Testing Date, the period beginning on the Petition Date and ending on the Sunday immediately preceding the initial Budget Testing Date and for each Budget Testing Date thereafter, the one-week period ending on the Sunday immediately preceding the Budget Testing Date.