Test Event definition

Test Event means any written, skills, online or oral test occurrence administered by GFSTC Staff or Proctors approved by GFSTC.
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Test Event means any failure to satisfy any Statutory Test on any Calculation Date, or on the monthly date when checked by the Servicer, which is not remedied within 5 Business Days;
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Test Event means the occurrence of any of the following: (i) the Closing Date, (ii) the last day of each calendar quarter, (iii) any Borrowing, (iv) any Permitted Removal or (v) any release of any Guarantor from its Obligations under the Loan Documents.
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Examples of Test Event in a sentence

  • In no event shall the Trustee allow a Notional Amount Test Event to occur on any Distribution Date.

  • For clarity and the avoidance of doubt, only Applicant will receive notifications hereunder from Con Edison, including, without limitation, notifications relating to any Load Relief Period or Test Event, and Applicant shall be responsible for notifying all of its participating Customers and any necessary third parties.

  • The Baseline Verification Methodology will be used by the Company to verify the actual Load Relief provided (measured in kW and kWh) during each hour of each designated Load Relief Period and Test Event.

  • The Company will provide reasonable notification to Applicant, including by telephone, e-mail, or machine-to-machine electronic signal, or a combination thereof, in advance of the commencement of a Load Relief Period or Test Event.

  • A Term-DLM Event or Test Event (for clarity and the avoidance of doubt, Test Event for Term-DLM or Auto-DLM, as the case might be, and as provided for by the definition hereunder) may be called by the Company for response by Applicant on not less than two hours’ advance notice to Applicant.

  • For Test Events, the kWh of Load Relief used to calculate Performance Payments will not exceed the product of the Aggregation’s Portfolio Quantity and the length of the Test Event.

  • The Company may initiate an administrative review of all relevant information and records of Applicant or available to Applicant (including available with reasonable effort by Applicant) to verify or reconcile enrollment information and performance associated with the Program, including, without limitation, any designated Event or Test Event called by the Company.

  • The Loan Parties shall maintain a Consolidated Fixed Charge Coverage Ratio for each Test Period ending on the last day of the fiscal quarter occurring immediately prior to the occurrence of (and as of the last day of each fiscal quarter ending during) a Financial Covenant Test Event not less than 1.0 to 1.0.

  • The LOC shall bear the expenses of the IS for a period of three days before the Competition until one day after the Competition and for attending the Test Event prior to the Competition.

  • If a Test Event is called under the Term-DLM Program, Load Relief will be requested within the four-hour span of Contracted Hours.


More Definitions of Test Event

Test Event means a test demand response event called by National Grid for the purpose of assessing Customer’s ability to participate in the Program. Customers will receive an Energy Payment for curtailed usage during a Test Event, and compliance during a Test Event will count towards the Performance Factor.
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Test Event means the Buyer’s request for Seller to provide Flexibility Services to test Seller’s response to a request for Dispatch;
Sample 1
Test Event means the Company’s request for DR Providers to provide Load Relief during the Contracted Hours to establish the availability of contracted Load Relief in the Capability Period.
Sample 1

Related to Test Event

  • Acquisition Event means a merger or consolidation in which the Company is not the surviving entity, any transaction that results in the acquisition of all or substantially all of the Company’s outstanding Common Stock by a single person or entity or by a group of persons and/or entities acting in concert, or the sale or transfer of all or substantially all of the Company’s assets.

  • Put Event means the occurrence of:

  • ii) Event means any event described in Section 11(a)(ii) hereof.

  • Relevant Event means any of the following events or circumstances:

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • XXXX Event means if there are any Mortgaged Properties at any time, any increase, extension of the maturity or renewal of any of the Commitments or Loans (including any incremental credit facility hereunder, but excluding (i) any continuation or conversion of Borrowings, (ii) the making of any Revolving Loans or (iii) the issuance, renewal or extension of Letters of Credit).

  • Default Event means the occurrence of any of the following events:

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Value Adjustment Event means, with respect to any Loan Asset, the occurrence of any one or more of the following events after the related Cut-Off Date:

  • Significant Event means any Amortization Event or Event of Default.

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Fall Away Event means such time as the Notes shall have an Investment Grade Rating and the Company shall have delivered to the Trustee an Officers’ Certificate certifying that the foregoing condition has been satisfied.

  • Announcement Event means the occurrence of an Announcement Date in respect of a Merger Event or Tender Offer, notwithstanding the fact that such Merger Date or Tender Offer Date may not, or may not be anticipated to, occur on or prior to the Valuation Date for the related Component. The definition of “Announcement Date” in Section 12.1(l) of the Equity Definitions shall be amended by (a) replacing the word “leads” in the third line thereof and in the fifth line thereof with the words “could lead (as determined by the Calculation Agent)” (b) deleting the word “firm” in the second and fourth lines thereof and (c) inserting the words “, and any publicly announced change or amendment to such an announcement (including the announcement of an abandonment of such intention)” at the end of clauses (i) and (ii) thereof. Consequences of Merger Events: Merger Event:

  • Default under Specified Transaction provisions of Section 5(a)(v) will not apply to Party A and will not apply to Party B.

  • Step Up Event means a failure to meet the Minimum Rating Requirement at any time, unless:

  • Knock Out Event means the event as defined in §4(4).

  • Adjustment Event means each of the following events:

  • Payment Event means the event or events giving rise to the right to payment of a Performance Award.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Subsequent Triggering Event means any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.

  • Disposition Event means any merger, consolidation or other business combination of the Corporation, whether effectuated through one transaction or series of related transactions (including a tender offer followed by a merger in which holders of Class A Common Stock receive the same consideration per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting power of all outstanding classes of Common Stock and series of Preferred Stock that are generally entitled to vote in the election of Directors prior to such transaction or series of transactions, continue to hold a majority of the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially the same proportions as immediately prior to such transaction or series of transactions.

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

  • Financial Covenant Event of Default has the meaning specified in Section 8.01(b).

  • Security Event means an immediately reportable subset of security incidents which incident would include: a. A suspected penetration of Contractor’s information system of which the Contractor becomes aware of but for which it is not able to verify immediately upon becoming aware of the suspected incident that PHI was not accessed, stolen, used, disclosed, modified, or destroyed; b. Any indication, evidence, or other security documentation that the Contractor’s network resources, including, but not limited to, software, network routers, firewalls, database and application servers, intrusion detection systems or other security appliances, may have been damaged, modified, taken over by proxy, or otherwise compromised, for which Contractor cannot refute the indication of the time the Contractor became aware of such indication; c. A breach of the security of the Contractor’s information system(s) by unauthorized acquisition, including, but not limited to, access to or use, disclosure, modification or destruction, of unencrypted computerized data and which incident materially compromises the security, confidentiality, or integrity of the PHI; and or, d. The unauthorized acquisition, including but not limited to access to or use, disclosure, modification or destruction, of unencrypted PHI or other confidential information of the County by an employee or authorized user of Contractor’s system(s) which materially compromises the security, confidentiality, or integrity of PHI or other confidential information of the County. If data acquired (including but not limited to access to or use, disclosure, modification or destruction of such data) is in encrypted format but the decryption key which would allow the decoding of the data is also taken, the parties shall treat the acquisition as a breach for purposes of determining appropriate response.

  • Extraordinary Adjustment Event means any of the following events as they relate to the Reference In- strument:

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.