First Test Date definition

First Test Date means the first Quarter Date falling after the first complete Financial Quarter after the Closing Date.

First Test Date. The first Quarter Date falling after four (4) complete Financial Effect of a breach: As per the Precedent Senior Facilities Agreement ignoring any

First Test Date means March 31, 2013.

Examples of First Test Date in a sentence

• For the avoidance of doubt, the Holder is entitled to retain those Shares converted from Performance Shares on the First Test Date (if applicable).

• B = closing level of the S&P/ASX 200 Index on the last day of the Tender Period, being 22 May 2020.

• On and after the First Test Date, the DSCR in respect of any Calculation Period, as tested in accordance with Clause 19.4 (Financial Covenants Calculation), shall not be less than the ratio set out in column 2 opposite the Calculation Period.

• If the Adjusted Share Price on the First Test Date is equal to or exceeds any Share Price Hurdle, then the corresponding percentage (as specified in Column 3 of the Share Price Hurdle) of Performance Shares held by a Holder at that time, will convert into Shares on a one for one basis (after applying any conversion of Performance Shares pursuant to clause 3).

• Restrictions on transfer) Subject to clause 4(j),(k), if any Performance Shares convert to Shares (in accordance with these terms) on the First Test Date or Second Test Date, a Holder cannot, Deal with those Shares until after the Second Test Date.

More Definitions of First Test Date

First Test Date means 30 September 2011.

First Test Date means 31 December 2023.

First Test Date means 31 March 2017.”

First Test Date means last day of the month for which Agent has received the financial statements required under Section 9.9. For example, if a Financial Covenant Triggering Event occurred on June 30, 2012 and the last month for which Agent has received the financial statements required under Section 9.9 is May, 2012, then the First Test Date is May 31, 2012 for the twelve (12) consecutive months ended on the First Test Date.

First Test Date has the meaning set forth in Section 7.5(e)(iii).

First Test Date has the meaning given to that term in Clause 18.4 (Financial definitions). GAAP means IFRS.

First Test Date has the meaning given to that term in Clause 19.3 (Financial Definitions);