Test Period 1 definition

Test Period 1 means the third calendar quarter of 2012, or the period from July 1, 2012, to September 30, 2012;
Sample 1Sample 2Sample 3
Test Period 1 means the third calendar quarter of 2012, and references to subsequent Test Periods correspond to the subsequent calendar quarters (i.e., Test Period 2 means the fourth calendar quarter of 2012, Test Period 3 means the first calendar quarter of 2013, Test Period 4 means the second calendar quarter of 2013, and Test Period 5 and Test Period 6 are the Test Periods covered by this Report and they are the calendar quarters ending September 30, 2013 and December 31, 2013, respectively);
Sample 1

Examples of Test Period 1 in a sentence

  • Similar to its review in Test Period 1 and Test Period 2, the SPF conducted off-site and on-site meetings with the IRG to understand Servicer’s mortgage servicing operations and the relevant SOR related to the additional Metrics under review for the first time in Test Period 3.

  • Similar to Test Period 1 and Test Period 2, as discussed in detail in the First Compliance Report, the SPF reviewed and evaluated the evidence provided by the IRG for Test Period 3 and Test Period 4 and was able to satisfy itself that the IRG’s procedures to validate each Loan Testing Population and the IRG’s sample selection process were reasonable.

  • Metrics 15, 16 and 17 are policy and procedure (P&P) Metrics that are tested annually (Test Period 1) and will be tested again in the third calendar quarter of 2013 (Test Period 5).

  • Test Period 1Enhanced Coagulation SystemA failure occurred in the electrical control line from the enhanced coagulation system pH probe to the pH control acid dosing pump during Test Period 1.

  • The total suspended solids (TSS) in the backwash waste reached as high as 68 mg/L (during Test Period 1), while the filtrate TSS remained consistently below the detection limit (1 mg/L).

  • For Test Period 1, the clean membrane transmembrane pressure began at approximately 6 psi.

  • The membrane virus rejection ranged from 4.0 to 5.7 logs for the seeding conducted at the end of Test Period 1 and from 2.9 to 4.3 logs for the seeding conducted at the beginning of Test Period 2.

  • The recovery of specific flux for the cleanings at the end of Test Period 1 and 2 were 78 percent and 23 percent, respectively.

  • Figures 4-7 and 4-8 present the particle count profile (2-3 um, 3-5 um, and 5-15 um, >15 um) collected during Test Period 1 and 2, respectively.

  • HPC bacteria in the raw water ranged from 2 to 120 colony forming units (cfu)/mL during Test Period 1 and from 2 to 1400 cfu/mL in Test Period 2.

Related to Test Period 1

  • 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).

  • Relevant Test Period With respect to any Loan, the relevant test period for the calculation of Net Senior Leverage Ratio, Interest Coverage Ratio, Total Net Leverage Ratio or EBITDA as applicable, for such Loan in accordance with the related Underlying Instruments or, if no such period is provided for therein, (i) for Obligors delivering monthly financial statements, each period of the last twelve (12) consecutive reported calendar months, and (ii) for Obligors delivering quarterly financial statements, each period of the last four (4) consecutive reported fiscal quarters of the principal Obligor on such Loan; provided that with respect to any Loan for which the relevant test period is not provided for in the related Underlying Instruments, if an Obligor is a newly-formed entity as to which twelve (12) consecutive calendar months have not yet elapsed, “Relevant Test Period” shall initially include the period from the date of formation of such Obligor to the end of the twelfth (12th) calendar month or fourth (4th) fiscal quarter (as the case may be) from the date of formation, and shall subsequently include each period of the last twelve (12) consecutive reported calendar months or four (4) consecutive reported fiscal quarters (as the case may be) of such Obligor.

  • Applicable Measurement Period means the most recently completed four consecutive fiscal quarters of the Issuer immediately preceding the Applicable Calculation Date for which internal financial statements are available.

  • EBITDA Coverage Ratio defined as EBITDA divided by the aggregate of total interest expense plus the prior period current maturity of long-term debt and the prior period current maturity of subordinated debt.

  • Forecast Period means the period of three calendar months for which a Forecast is provided;

  • Maximum Leverage Ratio shall have the meaning assigned thereto in the Pricing Side Letter.

  • Maximum Annual Debt Service Requirement means, at any given time of determination, the greatest amount of principal, interest and Amortization Installments coming due in any current or future Bond Year with regard to the Series of Bonds for which such calculation is made; provided, the amount of interest coming due in any Bond Year shall be reduced to the extent moneys derived from the proceeds of Bonds are used to pay interest in such Bond Year.

  • Adjusted Leverage Ratio means, on any date of determination, the ratio of (i) Adjusted Liabilities to (ii) Tangible Net Worth.

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Total Net Leverage Ratio means, as of any date of determination, the ratio, on a Pro Forma Basis, of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Test Period.

  • Measurement Period shall have the meaning specified in Section 14.01(b)(i).

  • Net Debt to EBITDA Ratio means the ratio of Net Debt to EBITDA for the then most recently concluded fiscal year, subject to adjustments for Asset Dispositions and investments made during the period.

  • Quarterly Average Excess Availability means, at any time, the daily average of the Excess Availability for the immediately preceding fiscal quarter as calculated by Agent in good faith.

  • Effective Leverage Ratio has the meaning set forth in the Statement.

  • Consolidated Total Net Leverage Ratio means, with respect to any Test Period, the ratio of (a) Consolidated Total Net Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

  • LTM EBITDA means Consolidated EBITDA of the Company measured for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which internal consolidated financial statements of the Company are available, in each case with such pro forma adjustments giving effect to such Indebtedness, acquisition or Investment, as applicable, since the start of such four quarter period and as are consistent with the pro forma adjustments set forth in the definition of “Fixed Charge Coverage Ratio.”

  • Funded Debt to EBITDA Ratio means on any date the ratio of (a) Total Indebtedness to (b) EBITDA for the period of four consecutive Fiscal Quarters ended on such date (or, if such date is not the last day of a Fiscal Quarter, ended on the last day of the Fiscal Quarter most recently ended prior to such date).

  • Net Total Leverage Ratio means, on any date, the ratio of (A) (i) without duplication, the aggregate principal amount of any Consolidated Debt of the Borrower and its Subsidiaries outstanding as of the last day of the Test Period most recently ended as of such date less (ii) without duplication, the Unrestricted Cash and unrestricted Permitted Investments of the Borrower and its Subsidiaries as of the last day of such Test Period, to (B) Adjusted EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP; provided, that the Net Total Leverage Ratio shall be determined for the relevant Test Period on a Pro Forma Basis.

  • Cash Flow Leverage Ratio means, as of any time the same is to be determined, the ratio of (a) Funded Debt as of the last day of the most recent four fiscal quarters of the Company then ended minus Excess Cash as of the last day of the same such period to (b) EBITDA for the same most recent four fiscal quarters then ended.

  • Consolidated Net Leverage Ratio means, on any Transaction Date, the ratio of (a) Consolidated Funded Indebtedness as of such date minus cash and Temporary Cash Investments of the Issuers and the Restricted Subsidiaries to (b) Consolidated EBITDA for the then applicable Four Quarter Period. The Consolidated Net Leverage Ratio shall be calculated consistent with the pro forma adjustments contemplated by the numbered paragraphs included in the definition of Interest Coverage Ratio.

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Maximum Annual Debt Service means the largest Annual Debt Service for any Bond Year after the calculation is made through the final maturity date of any Outstanding Bonds.

  • Consolidated Leverage Ratio means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated EBITDA for the most recently completed Measurement Period.

  • Total Debt to EBITDA Ratio means, as of the last day of any Fiscal Quarter, the ratio of (a) Total Debt as of such day to (b) EBITDA for the Computation Period ending on such day.

  • Service credit year means an accumulation of months of