Examples of First Test Period in a sentence
Borrowers shall, for any Test Period commencing with the First Test Period, maintain a Fixed Charge Coverage Ratio of not less than 1.10 to 1.00 during any Test Period.
In order to be effective, Tenant’s notice to Landlord under this subparagraph (a) shall include a written certification to Landlord from Tenant’s chief financial officer or controller confirming that the TLCF for the First Test Period is less than ***.
In order to be effective, Tenant’s notice to Landlord under this subparagraph (a) shall include a written certification to Landlord from Tenant’s chief financial officer or controller confirming that the TLCF for the First Test Period is less than zero.
A Performance Fee Instalment shall (subject to Condition 4.5 ( Limitation on obligations) be payable for each of the three successive Test Periods commencing with the First Test Period.
Notwithstanding anything to the contrary contained in this Agreement, after giving effect to the Revolving Credit Loan(s) and/or Swing Line Loans to be made and/or the Letter(s) of Credit to be issued, the Credit Exposure shall not exceed the lesser of (i) the then existing Borrowing Base, (ii) the Revolving Loan Commitment Amount and (iii) (a) for the First Test Period, $27,000,000 and (b) for the Second Test Period, $26,000,000, as reflected in the updated Borrowing Base Certificate.