Examples of Quarterly Test Date in a sentence
On each Quarterly Distribution Date, each holder of an Allowed Claim other than a Class 3 Allowed General Unsecured Claim that has been Allowed as of the Quarterly Test Date shall receive its Distribution minus the aggregate the amount of any Distribution previously distributed to such holder on account of such claims.
If Mezzanine Borrower fails to timely deliver the Draft Financial Statements, Mezzanine Lender, in its discretion, may determine, based on any other available information that it believes in good faith is reliable and probative, that a Cash Sweep Event had occurred as of the Quarterly Test Date, in which event Mezzanine Lender will send a Cash Sweep Event Notice to Servicer, Deposit Bank and Mezzanine Borrower, and a Cash Sweep Event will be deemed to have begun on the first day of Sweep Month 1.
This Debt Service Coverage Ratio Statement is being given for the [DSCR Test Date] [Quarterly Test Date] of ________.