Initial Test Period definition

Initial Test Period shall have the meaning provided in Section 11.12(a)(i).
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Initial Test Period has the meaning set forth in the definition of “Test Period”.
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Initial Test Period shall have the meaning provided in Section 11.12(a)(i). “Initial Yield” shall mean, with respect to any Indebtedness, the amount, as determined by the Administrative Agent, equal to the sum of (x) (i) in the case of Indebtedness subject to interest rates determined by reference to a LIBOR based rate, the one month Adjusted LIBO Rate (giving effect to any “floor” or minimum rate applicable to such Indebtedness) plus the margin above the Adjusted LIBO Rate applicable to such Indebtedness and (ii) in the case of Indebtedness not subject to interest rates determined by reference to a LIBOR based rate, the applicable per annum interest rate applicable to such Indebtedness, and (y) if any discount applies to such Indebtedness or the Lenders making the same receive a fee (other than any customary arrangement, structuring or commitment fees payable in connection therewith to, and retained by, the arrangers or underwriters thereof in their capacity as such) directly or indirectly from (or on behalf of) any Parent Guarantor, the Borrower or any of their respective Subsidiaries, the amount of such discount or fee, expressed as a percentage of the Indebtedness subject to such discount or fee, divided by the lesser of (x) four and (y) the Weighted Average Life to Maturity of such Indebtedness. Notwithstanding the foregoing, any “floor” or minimum rate shall only be taken into account in calculating the Initial Yield to the extent such “floor” or minimum rate exceeds the Adjusted LIBO Rate then in effect (without giving effect to clause (a) of the definition of “Adjusted LIBO Rate”). “Intercreditor Agreement” shall mean a Pari Passu Intercreditor Agreement or a Second Lien Intercreditor Agreement, as applicable. “Interest Period” shall mean, with respect to any Term Loan or Revolving Credit Loan, the interest period applicable thereto, as determined pursuant to Section 2.9. “Interpolated Rate” shall mean, in relation to any LIBOR Loan, the rate per annum determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the applicable LIBO Rate for the longest period (for which the applicable LIBO Rate is available deposits in Dollars) that is shorter than the Interest Period of that LIBOR Loan and (b) the applicable LIBO Rate for the shortest period (for which such LIBO Rate is available for deposits in Dollars) that exceeds the Interes...
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Examples of Initial Test Period in a sentence

  • The Purchasing Agency will have 10 Business Days from the date of supply of a Deliverable within which to perform such review or testing (the Initial Test Period).

  • If a Deliverable does not conform to the requirements of the Subscription Agreement, the Purchasing Agency will deliver to you, on or before the expiration of the Initial Test Period, a written notice specifying each non-conformity in reasonable detail (a Non-Conformity Notice).

  • For the avoidance of doubt and notwithstanding anything herein to the contrary, in the event that either of the PGA Tour or SportsLine shall not Launch by the applicable Deadline Launch Date or shall not remain Operational through the end of the Agreed Initial Test Period, the Launch Option shall vest on the eighth (8th) anniversary of the Grant Date provided the Employee remains employed by the Company through such date.

  • Failure to provide such written notice to Developer within the Initial Test Period or any subsequent test period, or any deployment or public distribution or use on behalf of any third party (other than an Affiliate) of any of the Licensed Property by Cisco will be deemed acceptance of all of the Licensed Property.

  • If a Deliverable does not conform to the requirements of the Subscription Agreement, the Purchasing Agency will deliver to you, on or before the expiration of the Initial Test Period, a written notice specifying each non_conformity in reasonable detail (a NonHConformity Notice).

  • Borrower shall not permit, as of the last day of any fiscal quarter of Borrower, commencing with the last day of the Initial Test Period, the Current Ratio for Borrower and its Subsidiaries, on a consolidated basis, to be less than 1.00 to 1.00.

  • An alternative route will be via Bullbeggars Lane, A4251 London Road and Little Heath Lane.

  • Limited to maintenance by the Borrower of a maximum Consolidated Total Leverage Ratio (to be defined in a manner consistent with the Existing Credit Agreement) of (1) 4.60 to 1.00 for the first Test Period (to be defined in a manner consistent with the Existing Credit Agreement) that ends on or after the Closing Date (the “Initial Test Period”) and for the Test Period immediately following the Initial Test Period and (2) 4.25 to 1.00 for the two consecutive Test Periods immediately thereafter.

  • More specifically, the Company requests to collect from DEC’s North Carolina retail customers, through the EMF, $1,126,791 of CPRE costs incurred and other credits for the Extended Initial Test Period and to collect$8,464,308 for CPRE costs projected to be incurred during the period from September 1, 2020 through August 31, 2021 (“Billing Period”).


More Definitions of Initial Test Period

Initial Test Period means the period of two consecutive fiscal quarters ending on December 31, 2002.
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Initial Test Period shall have the meaning assigned such term in the definition of “Capital Expenditures Expansion Amount”.
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Related to Initial Test Period

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Test Period means, on any date of determination, the period of four consecutive fiscal quarters of the Borrower then most recently ended (taken as one accounting period).

  • Four Quarter Period has the meaning set forth in the definition of “Consolidated Fixed Charge Coverage Ratio.”

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

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

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

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.

  • Run-out Period means a period after the close of a Plan Year or other period during which Participants in a flexible spending arrangement (FSA) may request reimbursement for expenses incurred during the Period of Coverage.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • rest period is a paid interval which is included in the workday and is intended to give the employee an opportunity to have refreshments or a rest.

  • Opt-Out Period means the period that begins the day after the earliest date on which the Notice is first distributed, and that ends no later than 30 days before the Final Approval Hearing. The deadline for the Opt-Out Period shall be specified in the Notice.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • Grace Period Business Day means a day on which commercial banks and foreign exchange markets are generally open to settle payments in the place or places and on the days specified for that purpose in the relevant Obligation and if a place or places are not so specified, in the jurisdiction of the Obligation Currency.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • 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.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Initial compliance period means the three-year compliance period that begins January 1, 1993, except for the MCLs for dichloromethane, 1,2,4-trichlorobenzene, 1,1,2-trichloroethane, benzo(a)pyrene, dalapon, di(2-ethylhexyl)adipate, di(2-ethyl- hexyl)phthalate, dinoseb, diquat, endothall, endrin, glyphosate, hexachlorobenzene, hexachlorocyclopentadiene, oxamyl, picloram, simazine, 2,3,7,8-TCDD, antimony, beryllium, cyanide, nickel, and thallium, as they apply to a supplier whose system has fewer than 150 service connections, for which it means the three-year compliance period that began on January 1, 1996.

  • 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.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Quarterly Commencement Date means the 20th day of each of March, June, September and December in each year.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.