Test Performance Report definition

Test Performance Report means the report to be delivered, not later than each Test Calculation Date (or Monthly Test Calculation Date, after the occurance of a breach of Test), by the Test Calculation Agent pursuant to the terms of the Cover Pool Management Agreement.

Test Performance Report means the report to be delivered, on each Calculation Date and/or Monthly Calculation Date and/or on any other day on which the Test Performance Report is to be delivered pursuant to the provisions of the Cover Pool Administration Agreement and the other Transaction Documents, by the Calculation Agent pursuant to the terms of the Cover Pool Administration Agreement.

Test Performance Report means the report to be delivered, on each Calculation Date and/or Monthly Calculation Date and/or on any other day on which the Test Performance Report is to be delivered pursuant to the provisions of the Cover Pool Administration Agreement and the other Transaction Documents, by the Calculation Agent pursuant to the terms of the Cover Pool Administration Agreement.Pre-Maturity Test The Pre-Maturity Test is intended to provide liquidity for any Hard Bullet Covered Bonds when the Issuer’s credit ratings fall below a certain level. The applicable Final Terms will set out whether the relevant Series of Covered Bonds is a Series of Hard Bullet Covered Bonds. On each Pre-Maturity Test Date prior to the service of a Notice to Pay, the Calculation Agent will determine if the Issuer satisfies the Pre-Maturity Test, and, if the Pre-Maturity Test is not so satisfied, it shall immediately notify the Issuer, the Guarantor and the Representative of Covered Bondholders thereof. For a more detailed description, see the section headed “Credit structure”, below.

Examples of Test Performance Report in a sentence

• Extend shores beyond the minimum number of levels if required to ensure proper distribution of loads throughout the structure.

• Test Performance Report Compliance with the Tests will be verified by the Test Report Provider on each Calculation Date (with reference to the last day of the immediately preceding Collection Period) and on any other date on which the verification of the Tests is required pursuant to the Transaction Documents.

• If the relevant breach is not remedied within the immediately following Monthly Calculation Date, as evidenced by the following Test Performance Report, the Representative of the Covered Bondholders will deliver a notice to the Issuer and the Guarantor stating that the breach of the relevant Tests has not been cured (a “Breach of Test Notice”).

• This section provides clear understanding of various rail safety issues; problems and all micro-level factors that could contribute to rail accidents are discussed in this chapter.

• Bre ach o f the Tes ts Following the notification by the Test Report Provider, in the relevant Test Performance Report, of a breach of any Test, the Guarantor, shall purchase Eligible Assets from the Seller (and/ or any Additional Seller, if any) and/ or the Issuer in accordance with the Master Purchase Agreement and/ or purchase, or invest in, Integration Assets, in order to ensure that, within the Test Grace Period,all Tests are satisfied with respect to the Cover Pool.

• At the same time, I note that the Coast Guard Field Sobriety Test Performance Report, contained in the record shows that the vessel came ashore at 1:35 a.m. and that testing began at 1:57 a.m.After a careful review of the record, I do not find your assertions to this end persuasive.

• Disclaimer This Test Performance Report is based on the following information: - Results of Tests performed by the Calculation Agent- Calculations in relation to the interest accrued and payable on the Covered Bonds by Principal Paying Agent- Other information according to the Transaction Documents.- All assets and liabilities reported on the Report are in Euro Terms and expressions used in this Report have the respective meanings given to them in the Transaction Documents.

More Definitions of Test Performance Report

Test Performance Report means the Pre-Issuer Default Test Performance Report or the Post- Issuer Default Test Performance Report, as the case may be.

Test Performance Report means the report to be delivered, not later than the Business Day following each Calculation Date (or Test Calculation Date, as the case may be), by the Test Calculation Agent pursuant to the terms of the Cover Pool Management Agreement.