Test Pass definition

Test Pass has the meaning stated in Section 3.4(a).
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Test Pass has the meaning stated in Section 3.03(a) of the Asset Representations Review Agreement.
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Test Pass has the meaning specified in Section 4.
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Examples of Test Pass in a sentence

  • Within five (5) Business Days after the end of the applicable Asset Representations Review period under Section 3.03(b), the Asset Representations Reviewer will deliver to the Administrator, the Issuing Entity, the Grantor Trust, the Sponsor, the Servicer, the Depositor and the Indenture Trustee a report indicating for each Review Receivable whether there was a Test Pass, Test Fail or Test Complete for each related Test (a “Review Report”).


More Definitions of Test Pass

Test Pass has the meaning set forth in Section 3.5. Table of Contents
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Test Pass has the meaning stated in Section 2.7.
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Test Pass has the meaning stated in Section 3.05. “Tests” means, with respect to any 2017-1 Lease or 2017-1 Vehicle, the procedures listed in Exhibit A with respect thereto. “Trust Agreement” means the Amended and Restated Trust Agreement, dated as of the Closing Date, between BMW Auto Leasing LLC and the Owner Trustee, as the same may be amended, supplemented or modified from time to time. “Underwriters” means Barclays Capital Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., BNP Paribas Securities Corp. and MUFG Securities Americas Inc. 2 ARTICLE II.
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Related to Test Pass

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

  • Acceptance Test Document means a document, which defines procedures for testing the functioning of installed system. The document will be finalized with the contractor within 7 days of issuance of the Letter of Award.

  • Test Complete has the meaning stated in Section 3.4(c).

  • Test means such test as is prescribed by the particulars or considered necessary by the Inspecting Officer whether performed or made by the Inspecting Officer or any agency acting under the direction of the Inspecting Officer;

  • Fitch Criteria means the criteria used by Fitch as set out in the reports by Fitch Ratings dated (i) November 28, 2023 and headed "Structured Finance and Covered Bonds Counterparty Rating Criteria" and (ii) November 28, 2023 and headed "Structured Finance and Covered Bonds Counterparty Rating Criteria: Derivative Addendum", each as amended and supplemented from time to time.

  • Drug test means a test designed to detect the illegal use of a controlled substance.

  • Delinquency Test means, for any Payment Date, a test that will be satisfied if

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.