Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).

Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test). "Initial Nominal Amount" has the meaning set forth in Clause 2(c).

Incurrence Test means the test of the financial incurrence covenants as set out in Clause 13.2 (Incurrence Test).

Examples of Incurrence Test in a sentence

The Incurrence Test for the purposes of Clause 10.6 is met if the Interest Cover Ratio is no less than 2.0. determined in accordance with the Accounting Principles as in force on the Issue Date.
The Issuer shall not, and shall ensure that no other Group Company will, acquire a company or any shares or securities or a business or undertaking (or, in each case, any interest in any of them) or incorporate a company, unless the Agent has received to it satisfaction a Compliance Certificate evidencing that the Incurrence Test is met on the Incurrence Test Date.
The Incurrence Test for the purposes of Clause 10.6 is met if the Interest Cover Ratio is no less than2.0. determined in accordance with the Accounting Principles as in force on the Issue Date.
The Issuer shall not make any payments of principal on Equity Bridge Loans incurred pursuant to paragraph (i) of the definition Permitted Debt unless the Incurrence Test is met, provided that the Issuer may always refinance such Equity Bridge Loans by way of incurrence of Shareholder Debt.
The world trade data and statistics now contains several empirical facts that appear to be inconsistent with the traditional theories.

More Definitions of Incurrence Test

Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test). "Initial Bond Issue" means the issuance of the Initial Bonds.

Incurrence Test means the test of the financial incurrence covenants as set out in Clause 11 (Incurrence Covenant).

Incurrence Test means the financial test defined in Clause 10.5.

Incurrence Test shall the meaning provided in Section 10.04(iv).

Incurrence Test means the financial test defined in Clause 10.5. “Initial Nominal Amount” has the meaning set forth in Clause 2.4.

Incurrence Test means the test of the financial incurrence covenants as set out in Clause 12 (Incurrence Test).

Incurrence Test means the incurrence test as set out in Clause 11 (Incurrence Test).