Second Test Period definition

Second Test Period means the fiscal quarter of Borrowers immediately following the First Test Period, and the “Third Test Period” shall mean the fiscal quarter of Borrowers immediately following the Second Test Period.
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Second Test Period shall have the meaning set forth in the definition of “Test Period” therefor.
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Second Test Period means the period ended on September 30, 2007.” ““Third Test Period” means the period ended on December 31, 2007.” ““Fourth Test Period” means the period ended on March 31, 2008.”
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Examples of Second Test Period in a sentence

  • In order to be effective, Tenant’s notice to Landlord under this subparagraph (c) shall include a written certification to Landlord from Tenant’s chief financial officer or controller that the TLCF for the Second Test Period is less than zero.

  • Within [*] days after the expiration of the Second Test Period, Client will provide Synacor with either (i) written acceptance of the Client Branded Portal, or (ii) written rejection if Client determines in good faith that the failed criteria identified in the First Rejection Notice have not been corrected, including a reasonably detailed explanation therefor (a “Second Rejection Notice”).

  • Within five (5) business days after the expiration of the Second Test Period, Client will provide Synacor with either (i) written acceptance of the Client Branded Portal, or (ii) written rejection if Client determines in good faith that the failed criteria identified in the First Rejection Notice have not been corrected, including a reasonably detailed explanation therefor (a “Second Rejection Notice”).

  • In order to be effective, Tenant’s notice to Landlord under this subparagraph (c) shall include a written certification to Landlord from Tenant’s chief financial officer or controller that the TLCF for the Second Test Period is less than ***.

  • As announced by the Company on 21 July 2017, following the end of the Second Test Period, a further 38,685,292 Founder Shares will be converted into Ordinary Shares of €0.001 each in the capital of the Company ("Converted Ordinary Shares").

  • In order to be effective, Tenant’s notice to Landlord under this subparagraph (b) shall include a written certification to Landlord from Tenant’s chief financial officer or controller that the TLCF for the Second Test Period is less than zero.

  • The Company hereby agrees that it will not sell any Q shares owned by it (excluding those indirectly owned through AHR Seller Group) pursuant to Rule 144, during the first five trading days of any of the First Test Period, the Second Test Period or the Third Test Period.

  • Notwithstanding anything to the contrary contained in this Agreement, after giving effect to the Revolving Credit Loan(s) and/or Swing Line Loans to be made and/or the Letter(s) of Credit to be issued, the Credit Exposure shall not exceed the lesser of (i) the then existing Borrowing Base, (ii) the Revolving Loan Commitment Amount and (iii) (a) for the First Test Period, $27,000,000 and (b) for the Second Test Period, $26,000,000, as reflected in the updated Borrowing Base Certificate.

  • The First Interim Test Period, the First Test Period, the Second Interim Test Period, the Second Test Period, the Third Interim Test Period, the Third Test Period, the Fourth Interim Test Period and the Fourth Test Period are referred to herein individually as a “Test Period”.


More Definitions of Second Test Period

Second Test Period means the period ended on March 31, 2009.
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Second Test Period means the period ended on the last day of the applicable Person's second fiscal quarter ended after the Effective Date.
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Second Test Period is defined in the definition of Revolving Loan Commitment Amount.
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Second Test Period means the period beginning with the public release of quarterly financial information for Q for the quarter ended December 31, 2004 and ending on the date that the Directors of Q are prohibited from trading in shares of Q under the Xxxxxxx Xxxxxxx Compliance Policy of Q then in effect, but shall not include any trading days during such period on which the Company is legally prohibited from selling any Q shares, (E) the "Third Test Period" shall mean the period beginning with the public release of quarterly financial information for Q for the quarter ended March 31, 2005 and ending on the date that the Directors of Q are prohibited from trading in shares of Q under the Xxxxxxx Xxxxxxx Compliance Policy of Q then in effect, but shall not include any trading days during such period on which the Company is legally prohibited from selling any Q shares; provided, however, that if there was a Gain during any of the First Test Period, the Second Test Period or the Third Test Period but the Company was not able to sell shares of Q for at least 60 business days of such periods (whether because Rule 144 (without regard to any volume limitation) was not available to the Company for sales of Q shares or another legal prohibition applied), then the Third Test Period shall instead mean the period beginning with the public release of quarterly financial information for Q for the quarter ended June 30, 2005 and ending on the date that the Directors of Q are next prohibited from trading in shares of Q under the Xxxxxxx Xxxxxxx Compliance Policy of Q then in effect but shall not include any trading days during such period on which the Company is legally prohibited from selling Q shares; provided, further, however, that if there was a Gain during the First Test Period, the Second Test Period or the Third Test Period (including the additional period referred to above), but the Company was not able to sell shares of Q for at least 60 business days of such periods (whether because Rule 144 (without regard to any volume limitation) was not available to the Company for sales of Q shares or another legal prohibition applied), the Third Test Period shall instead mean the additional test period(s) beginning with the public release of quarterly financial information for Q for the next consecutive quarter and ending on the date that the Directors of Q are next prohibited from trading in shares of Q under the Xxxxxxx Xxxxxxx Compliance Policy of Q then in effect but shall not include an...
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Second Test Period as defined in subsection 6.1(c).
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Second Test Period means the fiscal quarter included in the First Test Period and the subsequent fiscal quarter and the term "Third Test Period" shall mean the fiscal quarters included in the Second Test Period and the subsequent fiscal quarter, provided, however, that if an IPO Event shall occur, the term "First Test Period" shall mean the fiscal quarter after the fiscal quarter in which such IPO Event shall occur, the term "Second Test Period" shall mean the fiscal quarter included in the First Test Period and the subsequent fiscal quarter and the term "Third Test Period" shall mean the fiscal quarters included in the Second Test Period and the subsequent fiscal quarter.
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Related to Second 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).

  • 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.

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

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

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

  • 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.

  • 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.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • 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.

  • Service credit year means an accumulation of months of

  • 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.

  • First Period The period of the Contract Term specified in Section 3.1.

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

  • 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.

  • Incurrence Test means the incurrence test set out in Clause 12.1 (Incurrence Test).

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • DNS test Means one non-­‐recursive DNS query sent to a particular “IP address” (via UDP or TCP). If DNSSEC is offered in the queried DNS zone, for a query to be considered answered, the signatures must be positively verified against a corresponding DS record published in the parent zone or, if the parent is not signed, against a statically configured Trust Anchor. The answer to the query must contain the corresponding information from the Registry System, otherwise the query will be considered unanswered. A query with a “DNS resolution RTT” 5 times higher than the corresponding SLR, will be considered unanswered. The possible results to a DNS test are: a number in milliseconds corresponding to the “DNS resolution RTT” or, undefined/unanswered.

  • 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.

  • 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.

  • Earn-Out Period has the meaning set forth in Section 2.3(a).

  • 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.

  • Computation Period means each period of four consecutive Fiscal Quarters ending on the last day of a Fiscal Quarter.

  • 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.