First Testing Date definition

First Testing Date has the meaning assigned to such term in Section 5.17.

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First Testing Date. “Performance Determination Date”; “Realized Value”; “Second Testing Date”; “Share of Sterling Stock”; “Sterling”; “Sterling Stock”; “Sterling Invested Capital”; “Sterling Target Amount”; “Testing Date”; “Third Testing Date”

First Testing Date means 30 June 2022. "Fitch" means Fitch Ratings Limited. "Forward Looking Lock-Up Tests" means:

Examples of First Testing Date in a sentence

As it relates to the First Testing Date, the product of (i) the volume weighted average of the closing price over the consecutive sixty (60) calendar day period immediately prior to the First Testing Date multiplied by (ii) the number of New Common Interests that comprise the Convertible Noteholders Equity Distribution; b.
The third testing period shall begin on the second anniversary of the Effective Date and end on the third anniversary of the Effective Date (the third anniversary of the Effective Date, the “Third Testing Date” and, together with the First Testing Date and the Second Testing Date, each, a “Testing Date”).
Subject to Clause 16.2 (First Testing Date), the Facility Service Cover Ratio in respect of each Relevant Period ending on each Testing Date after the date of this Agreement shall not be less than 1.25:1.
Contingent payments pursuant to the CVRs shall be made, to the extent payable, to the Holders after each of the First Testing Date, the Second Testing Date and the Third Testing Date, in each case as defined below and pursuant to the procedures set forth herein.

More Definitions of First Testing Date

First Testing Date means the one-year anniversary of the Amendment Date.

First Testing Date as defined in Section 5.1(z).