Liquidity Testing Date definition

Liquidity Testing Date means the last day of each month during the Liquidity Testing Period.
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Liquidity Testing Date means 30 June and 31 December each year. “Make Whole Amount” means an amount equal to the sum of:
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Liquidity Testing Date means each November 30 and May 31, commencing November 30, 2021.
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Examples of Liquidity Testing Date in a sentence

  • Within seven (7) Business Days of each Liquidity Testing Date, the Borrower shall be required to deliver an officer’s certificate in form and substance reasonably satisfactory to the Administrative Agent demonstrating compliance with Section 6.4(b) as of such Liquidity Testing Date.

  • The Borrower shall not permit Liquidity as of any Liquidity Testing Date to be less than $700,000,000.

  • On each Liquidity Testing Date, the interim chief financial officer of Borrower shall provide a compliance certificate certifying to Agent and the Lenders as to the Liquidity on such date, and provide calculations and any additional backup evidence as any Lender may request.

  • The Borrower shall not permit Liquidity as of any Liquidity Testing Date to be less than $350,000,000.


More Definitions of Liquidity Testing Date

Liquidity Testing Date means 30 June and 31 December each year.
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Liquidity Testing Date means, as of any date, the last day of the most recently ended month preceding such date for which monthly financial statements have been delivered to the Agent.
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Liquidity Testing Date has the meaning set forth in Section 7.13.1.
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Related to Liquidity 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.

  • 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.

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

  • Class A/B Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class A/B Interest Coverage Ratio is at least equal to 120.0 per cent.

  • Class C Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class C Interest Coverage Ratio is at least equal to 110.0 per cent.

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

  • Liquidity Termination Date means the earlier to occur of the following:

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

  • Monthly Remittance Date The 18th day of each month, or if the 18th day is not a Business Day, the preceding Business Day.

  • P&I Advance Date The Business Day immediately prior to each Distribution Date.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Class D Interest Coverage Test means the test which will apply as of any Measurement Date occurring on and after the Determination Date immediately preceding the second Payment Date and which will be satisfied on such Measurement Date if the Class D Interest Coverage Ratio is at least equal to 105.0 per cent.

  • Class C Coverage Tests means the Class C Interest Coverage Test and the Class C Par Value Test.

  • Excess Cash Flow Payment Period means, with respect to the repayment required on each Excess Cash Flow Payment Date, the immediately preceding fiscal year of the Borrower.

  • Liquidity Amount means, as of any date of determination, the sum of (a) the Aggregate Borrowing Availability as of such date and (b) the Unrestricted Cash Amount as of such date.

  • Recalculation Date means the Valuation Date that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent Valuation Date occurs under Paragraph 3 prior to the resolution of the dispute, then the “Recalculation Date” means the most recent Valuation Date under Paragraph 3.

  • Interest Coverage Test means the Class A/B Interest Coverage Test, the Class C Interest Coverage Test, the Class D Interest Coverage Test and the Class E Interest Coverage Test.

  • Servicer Remittance Date With respect to any Distribution Date, the 18th day of the calendar month in which such Distribution Date occurs or, if such 18th day is not a Business Day, the Business Day immediately following.

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

  • Monthly Remittance Condition has the meaning set forth in Section 4.2 of the Sale and Servicing Agreement.

  • Monthly Remittance Amount The sum of the Group I Monthly Remittance Amount and the Group II Monthly Remittance Amount.

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

  • Periodic Distribution Date means the first Business Day that is as soon as reasonably practicable occurring approximately ninety (90) days after the immediately preceding Periodic Distribution Date.

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Required Collateral Fund Balance As of any date of determination, an amount equal to the aggregate of all amounts previously required to be deposited in the Collateral Fund pursuant to Section 2.02(d) (after adjustment for all withdrawals and deposits pursuant to Section 2.02(e)) and Section 2.03(b) (after adjustment for all withdrawals and deposits pursuant to Section 2.03(c)) and Section 3.02 to be reduced by all withdrawals therefrom pursuant to Section 2.02(g) and Section 2.03(d).