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 means 30 June 2022. "Fitch" means Fitch Ratings Limited. "Forward Looking Lock-Up Tests" means:
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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”
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Examples of First Testing Date in a sentence

  • This award may be settled through an equivalent cash payment, at the discretion of the board.Vesting conditionsThe share price targets that will be tested on the specified dates:– First Testing Date – 50% of rights granted will vest if the share price is $2.45 at the testing date (adjusted for any significant capital initiatives).– Second Testing Date – if the first share price target of $2.45 is not met at the first testing date, it will be retested and 50% will vest if the $2.45 target is met.

  • Where B = the Second Additional Payment amount to be paid; Where A = the First Additional Payment amount; Where MP2 = simple average of the daily closing price of the Company's common shares for the period from the 30th day (inclusive) to the 1st (inclusive) day prior to the Second Testing Date; Where MP1 = simple average of the daily closing price of the Company's common shares for the period from the 30th day (inclusive) to the 1st (inclusive) day prior to the First Testing Date.

  • 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.

  • 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.

  • 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.

  • The Stock Option Agreements contain terms and provisions customary for awards of this type, including that, in most instances, the employee must continue to be employed by the Company at the time the relevant vesting target is achieved and the awarded options expire 10 years from the First Testing Date.

  • Where A = the First Additional Payment amount to be paid; Where MP1 = simple average of the daily closing price of the Company's common shares for the period from the 30th day (inclusive) to the 1st (inclusive) day prior to the First Testing Date; Where EP = Exercise Price; and Where O = number of Options granted.

  • 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”).


More Definitions of First Testing Date

First Testing Date as defined in Section 5.1(z).
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First Testing Date means the one-year anniversary of the Amendment Date.
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Related to First Testing Date

  • Testing Date means each day which is: (i) the last day of the relevant Issuer's and the Guarantor's financial year in any year; or (ii) the last day of each of the first three quarters of the relevant Issuer's and the Guarantor's financial year in any year.

  • Covenant Testing Period means a period (a) commencing on the last day of the fiscal month of Parent most recently ended prior to a Covenant Trigger Event for which Borrowers are required to deliver to Agent monthly financial statements pursuant to Schedule 5.1 to this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Availability has equaled or exceeded the greater of (a) 15% of the Maximum Revolver Amount, and (b) $4,500,000 for 60 consecutive days.

  • LCT Test Date shall have the meaning provided in Section 1.12(b).

  • Start-Up Testing means the completion of applicable required factory and start-up tests as set forth in Exhibit C.

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • COVID-19 test means a viral test for SARS-CoV-2 that is:

  • EPP test Means one EPP command sent to a particular “IP address” for one of the EPP servers. Query and transform commands, with the exception of “create”, shall be about existing objects in the Registry System. The response shall include appropriate data from the Registry System. The possible results to an EPP test are: a number in milliseconds corresponding to the “EPP command RTT” or undefined/unanswered.

  • LCA Test Date has the meaning specified in Section 1.03(e).

  • RDDS test Means one query sent to a particular “IP address” of one of the servers of one of the RDDS services. Queries shall be about existing objects in the Registry System and the responses must contain the corresponding information otherwise the query will be considered unanswered. Queries with an RTT 5 times higher than the corresponding SLR will be considered as unanswered. The possible results to an RDDS test are: a number in milliseconds corresponding to the RTT or undefined/unanswered.

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • Plant Test Date or "PTD" means the date acceptance testing is performed with CLEC. "Point of Interface", "Point of Interconnection," or "POI" is a demarcation between the networks of two (2) LECs (including a LEC and CLEC). The POI is that point where the exchange of traffic takes place.

  • Penetration Testing means security testing in which assessors mimic real-world attacks to identify methods for circumventing the security features of an application, system, or network. (NIST SP 800-115)

  • Rating Date means the date which is 90 days prior to the earlier of (i) a Change in Control and (ii) public notice of the occurrence of a Change in Control or of the intention of the Company to effect a Change in Control.

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Cannabis testing facility means an entity registered by

  • Initial Operation means the first integral operation of the complete equipment covered under the Contract with the sub-system and supporting equipment in service or available for service.

  • Measurement Date has the meaning set forth in Section 3.3(a).

  • Service Date or "SD" means the date service is made available to the End User Customer. This also is referred to as the "Due Date."

  • Fit test means the use of a protocol to qualitatively or quantitatively evaluate the fit of a respirator on an individual.

  • In-Service Date means the date on which the Facility and System Modifications (if applicable) are complete and ready for service, even if the Facility is not placed in service on or by that date.

  • Certification period means the period for which an individual is certified eligible for a program.

  • Stand-Alone Test Environment or "SATE" shall have the meaning set forth in Section 12.2.9.3.2.

  • Rating period means the 12-month period for which premium rates are determined by a health

  • Start Date for Term Calculation Purposes Only: Regardless of actual award/effective date of Contract, for Agreement “term” calculation purposes only, the Agreement “start date” is the last day of the month that Award Notifications are anticipated as published in the Solicitation. Example: If the anticipated award date published in the Solicitation is August 27, 2020 but extended negotiations delay award until September 24, 2020 the end date of the resulting initial “two-year” term Agreement, (which is subject to an extension(s)) will still be August 31, 2022 in this example

  • Railway Operation Date means the date of the first carriage of iron ore, freight goods or other products over the relevant Railway (other than for construction or commissioning purposes);