Initial Test Date definition

Initial Test Date has the meaning set forth in Section 10.8.

Initial Test Date shall have the meaning provided in the definition of Applicable Margin contained herein.

Initial Test Date means October 1, 2024; provided however, if the Interim Milestone is achieved, “Initial Test Date” shall mean January 1, 2025; provided further however, if the Financial Milestone is achieved, “Initial Test Date” shall mean July 1, 2025; provided further however, if the Clinical Milestone is achieved, “Initial Test Date” shall mean September 1, 2025.

Examples of Initial Test Date in a sentence

• Borrower shall not permit Consolidated EBITDA as of the last day of any fiscal quarter of Borrower commencing with the first full fiscal quarter ending after the fiscal quarter in which the Xxxx Las Vegas Reorganization occurs and ending with the fiscal quarter prior to the fiscal quarter in which the Initial Test Date occurs to be less than $200.0 million.

• Gender Pay Gap Day: Partnering with the Women’s Organisation, we organised an eventto discuss 'Women, Like Men, Only Cheaper: Exploring the Gender Pay Gap’.

• At any time that a FCCR Trigger Event has occurred and is continuing (including, for the avoidance of doubt, on any FCCR Initial Test Date), the Borrowers shall not permit the Consolidated Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 as of the last day of any FCCR Test Period.

• Beginning with the Initial Test Date, the Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio for any period of four consecutive Fiscal Quarters ending on the last day of any Fiscal Quarter (or, if less, the number of full Fiscal Quarters then ended commencing with the first full Fiscal Quarter immediately following the Opening Date) to be less than 1.20:1.00.

• At any time that a FCCR Trigger Event has occurred and is continuing (including, for the avoidance of doubt, on any FCCR Initial Test Date), the Borrower shall not permit the Consolidated Fixed Charge Coverage Ratio to be less than 1.00 to 1.00 as of the last day of any FCCR Test Period.

More Definitions of Initial Test Date

Initial Test Date means the last day of the second full Fiscal Quarter ending after the Opening Date.

Initial Test Date as defined in Section 7.1(a).

Initial Test Date means the first Friday after the first Thursday following the Filing Date.

Initial Test Date means (a) January 1, 2027, if the aggregate original principal amount of the Term Loan Advances made hereunder is more than $50,000,000 before such date, (b) if clause (a) does not apply, the first date following January 1, 2027 on which the aggregate original principal amount of the Term Loan Advances made hereunder is more than $50,000,000, and (c) January 1, 2028, if (x) by such date the aggregate original principal amount of the Term Loan Advances made hereunder is more than $50,000,000, and (y) after the Closing Date and prior to January 1, 2027, the Borrower raises at least Two Hundred Fifty Million Dollars ($250,000,000) of unrestricted (including, not subject to any redemption, clawback, escrow or similar encumbrance or restriction) net new cash proceeds from the issuance of equity, Permitted Convertible Debt or upfront cash business development proceeds. For the avoidance of doubt, (i) the Initial Test Date shall not occur if the aggregate original principal amount of the Term Loan Advances made hereunder does not exceed $50,000,000 and (ii) foregoing clause (c) shall override foregoing clauses (a) and (b) in the case that more than one such clause shall be satisfied.

Initial Test Date has the meaning set forth in Section 5.16(f).

Initial Test Date means September 1, 2025.

Initial Test Date means the earlier of (i) the date WHIM Trial Interruption occurs, or (ii) January 1, 2022, provided however, if Borrower has raised at least $50,000,000 of in All Source Cash Proceeds on or before December 31, 2021, then such date shall be extended to April 1, 2022, and provided further that if Borrower has raised at least $80,000,000 of in All Source Cash Proceeds on or before March 31, 2022, then such date shall be extended to September 1, 2022.