Test Draw definition

Test Draw means an Advance made for the purpose of testing communication and draw procedures.
Sample 1Sample 2Sample 3
Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures with Administrative Agent.
Sample 1Sample 2Sample 3
Test Draw as defined in Section 3.15(a).
Sample 1Sample 2

Examples of Test Draw in a sentence

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of $10,000,000 (and in integral multiples of $250,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability, as applicable to such Advance.

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of $10,000,000 (and in integral multiples of $250,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability.

  • Each Advance and accrued and unpaid interest thereon shall be due and payable 30 days after such Advance is made, except in the case of a Test Draw which shall be repaid pursuant to the provisions of Section 7.2 hereof.

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of $5,000,000 (and in integral multiples of $100,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability, as applicable to such Advance.

  • Except in the case of a Test Draw, the Company will only use the proceeds of the Advances to provide temporary liquidity in circumstances where CME is entitled to use the Security Deposits and Performance Bonds of its Clearing Members to satisfy any outstanding obligations of any defaulting Clearing Members to CME as provided in the CME Rules and in circumstances where a Money Gridlock Situation that affects the Company’s operations exists.

  • Additionally, except in the case of a Test Draw, the Company may only use the proceeds of the Advances designated in the applicable Advance Request (A) as “GFX Loans” (“GFX Loans”) to fulfill its obligations under GFX Guaranties, provided, however, that the Company may use the proceeds for GFX Loans only up to the amount of net working capital of the Company on any given day or (B) as “CMECE Loans” (“CMECE Loans”) for the purpose of funding advances to CMECE.

  • Except in the case of a Test Draw, the Company will only use the proceeds of the Advancesto provide temporary liquidity in circumstances where CME is entitled to use the Security Deposits and Performance Bonds of its Clearing Members to satisfy any outstanding obligations of any defaulting Clearing Members to CME as provided in the CME Rules and in circumstances where a Money Gridlock Situation that affects the Company’s operations exists.

  • Except in the case of a Test Draw, each Advance shall be in the minimumamount of $10,000,000 (and in integral multiples of $250,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability, as applicable to such Advance.

  • Except in the case of a Test Draw, the Company will only use the proceeds of the Advancesto provide temporary liquidity in circumstances where CME is entitled to use the Security Deposits and Performance Bonds of its Clearing Members to satisfy any outstanding obligations of any defaulting Clearing Members to CME as provided in the CMERules and in circumstances where a Money Gridlock Situation that affects the Company’s operations exists.

  • Each Advance under an Applicable Tranche and accrued and unpaid interest thereon shall be due and payable to the Administrative Agent for the account of each Applicable Bank making such Advance thirty-five (35) days after such Advance is made or, if earlier, the Revolving Credit Termination Date (any such date, a “Loan Maturity Date”), except in the case of a Test Draw which shall be repaid pursuant to the provisions of Section 7.2 hereof and except as provided in Section 2.4.


More Definitions of Test Draw

Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures with any
Sample 1Sample 2
Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures. “UCC” means the Uniform Commercial Code as in effect from time to time in the state of Illinois.
Sample 1

Related to Test Draw

  • Test Facility means any WRAS suitably accredited test laboratory;

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Applied Non-Extension Advance has the meaning assigned to such term in Section 2.06(a).

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Maximum Facility Output means the maximum (not nominal) net electrical power output in megawatts, specified in the Interconnection Service Agreement, after supply of any parasitic or host facility loads, that a Generation Interconnection Customer’s Customer Facility is expected to produce, provided that the specified Maximum Facility Output shall not exceed the output of the proposed Customer Facility that Transmission Provider utilized in the System Impact Study.

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Test Fail has the meaning stated in Section 3.4(a).

  • Available Facility means the aggregate for the time being of each Lender’s Available Commitment.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

  • Collateral Principal Amount means on any date of determination (A) the aggregate principal balance of the Portfolio, including the funded and unfunded balance on any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Accounts (including cash and Cash Equivalents) representing Principal Proceeds as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

  • Additional Facility means an additional term or revolving facility referred to in Section 2.14 and “Additional Facilities” means all or any such Additional Facilities.

  • Test Issue means any variance or non-conformity of the Goods and/or Services or Deliverables from their requirements as set out in the Call Off Contract;

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Project Preparation Advance means the project preparation advance granted by the Association to the Borrower pursuant to an exchange of letters dated April 28, 1994 and May 21, 1994 between the Borrower and the Association;

  • Replacement Liquidity Facility Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Equipment Advance is defined in Section 2.1.1.