Primary Test definition
Primary Test means the determination In accordance with Clause 6.3.1.1 of whether each of the following conditions is satisfied and the Primary Test shall be satisfied only if the Financial Model shows that each of the following conditions is satisfied on each relevant date or for each relevant period throughout the Concession Period:
Primary Test has the meaning set out in Clause 6.1.
Primary Test shall have the meaning set forth in Section 5.06(c).
Examples of Primary Test in a sentence
For the April 10, 2018 administration, SAT question content and answer explanations will be provided in the online system, for the Primary Test Date only.
Within [5 days] of execution of this Concession Agreement, 12 copies of the Financial Model necessary for the performance of the Primary Test, the Secondary Test or the Base Case Test will be lodged by [ ] (after verification of the identity of Financial Model by [ ] on behalf of the Government) with [ ] to be held in custody upon agreed terms and conditions.
Participating Schools without a valid six-digit College Board school code should apply for their school code at least six weeks prior to the order deadline for their Primary Test Date for SAT School Day.
More Definitions of Primary Test
Primary Test means the determination In accordance with Clause 6.3.1.1 of whether each of the following conditions is satisfied and the Primary Test shall be satisfied only if the Financial Model shows that each of the following conditions is satisfied on each relevant date or for each relevant period throughout the Concession Period:
6.1.6.1 for every six month period commencing on a Reference Date (but excluding any period ending after the Maturity Date) the SDCR must be greater than or equal to [ ] except:
6.1.6.1.1 for the six month period ending on the Maturity Date when the CDCR must be greater than or equal to [ ];
6.1.6.1.2 if the CDCR for any relevant six month period is greater than [ ] and less than [ ], in which case the SDCR for the same period must be greater than [ ]; and
6.1.6.1.3 if the CDCR for any relevant six month period is greater than [ ], in which case the SDCR for the same period must be greater than [ ];
6.1.6.2 the RCRR Cover Ratio must be at least [ ];
6.1.6.3 on the date [ ] years after the Commencement Date:
6.1.6.3.1 the Debt shall have been repaid in full; and
6.1.8.3.2 all dividends payable in respect of the Preference Shares shall have been paid and all of the Preference Shares shall have been redeemed; and
6.1.8.3.3 the aggregate amount of cash and permitted investments owned by the Concessionaire after deducting the amount of all accrued but unpaid liabilities at such time, must be not less than [AMOUNT AND CURRENCY] in then current prices;
6.1.6.4 at each Reference Date the NPV Cover Ratio must be not less than [ ]; and
8.1.6.5 the Project IRR must be not less than [ ]% per annum;
Primary Test means the first sample collected.