Test Period definition

Test Period means the most recent period of four consecutive fiscal quarters of the Company ended on or prior to such time (taken as one accounting period) in respect of which financial statements for each quarter or fiscal year in such period have been (or have been required to be) delivered pursuant to Section 5.01(a) or 5.01(b), as applicable.

Test Period means each period of four consecutive Fiscal Quarters then last ended, in each case taken as one accounting period.

Test Period means, at any time, the four consecutive fiscal quarters of Borrower then last ended (in each case taken as one accounting period) for which financial statements have been or are required to be delivered to the Administrative Agent pursuant to Section 5.01(a) or (b).

Examples of Test Period in a sentence

• Further, if Konica Minolta has not received a written notice of rejection of the Product within the Test Period, then such Product will be deemed to be accepted by Customer.

• Commencing with the fiscal quarter of the Borrower ended December 31, 2024, permit the Total Net Annual Recurring Revenue Leverage Ratio as of the last day of and for any Test Period to be greater than 1.25:1.00; provided, that for purposes of this Section 6.08, Consolidated Total Funded Indebtedness shall not include the Senior Notes Indebtedness.

• Such procedure will continue until the earlier of (i) the expiration of the Test Period without delivery of a written notice of rejection by Customer, or (ii) the date written notice of acceptance is delivered to Konica Minolta by Customer.

• For the avoidance of doubt, the provisions of the foregoing sentence shall not apply for purposes of calculating any test for purposes of Section 7.11 (other than for the purpose of determining Pro Forma Compliance with Section 7.11(a), 7.11(b) or 7.11(c)), each of which shall be based on the financial statements delivered pursuant to Section 6.01(a) or (c), as applicable, for the relevant Test Period.

• Except with the written consent of the Required Revolving Credit Lenders, Parent Borrower will not permit the Interest Coverage Ratio of Parent Borrower and its Restricted Subsidiaries on a consolidated basis as of the last day of a Test Period (commencing with the Test Period ending on or about June 30, 2020) to be less than 3.00:1.00 (the “Interest Coverage Ratio Financial Covenant” and, together with the Leverage Ratio Financial Covenant, the “Financial Covenants” and each a “Financial Covenant”).

More Definitions of Test Period

Test Period means, for any determination under this Agreement, the four consecutive fiscal quarters of the Borrower then last ended.

Test Period means, for any date of determination under this Agreement, the latest four consecutive fiscal quarters of the Borrower for which financial statements have been delivered to the Administrative Agent on or prior to the Closing Date and/or for which financial statements are required to be delivered pursuant to Section 6.01, as applicable.

Test Period means, as of any date of determination, the most recently completed four consecutive fiscal quarters of the Borrower ending on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section 5.02(a) or 5.02(b). Any financial ratio or compliance with any covenant in respect of any Test Period shall be determined on the date on which the financial statements pursuant to Section 5.02(a) or Section 5.02(b) have been, or should have been, delivered for the applicable fiscal period ending on such Quarter End Date.

Test Period means the period of four consecutive Fiscal Quarters most recently ended for which financial statements of the Borrower are available.

Test Period means, for any determination under this Agreement, the four consecutive fiscal quarters of the Borrower most recently ended on or prior to such date of determination and for which Section 9.1 Financials shall have been delivered (or were required to be delivered) to the Administrative Agent (or, before the first delivery of Section 9.1 Financials, the most recent period of four fiscal quarters at the end of which financial statements are available).

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) for which financial statements have been delivered to Lenders pursuant to Section 5.04(a) or 5.04(b).

Test Period means a period of four consecutive Fiscal Quarters.