Testing Dates definition
Examples of Testing Dates in a sentence
Provided that no Event of Default then exists and is continuing, following the date on which Landlord determines that the Portfolio Coverage Ratio for two (2) consecutive Testing Dates is greater than or equal to the Minimum Rent Coverage Ratio, Landlord will cause the Additional Deposit to be returned to Tenant.
The Parent shall, if the Synthetic Senior Debt Service Cover Ratio is less than 1.25x for two consecutive Testing Dates, open the Special Capex Reserve Account in the name of the Facility Agent as soon as reasonably practicable and in any event by no later than the date falling 30 days prior to the next succeeding Testing Date.
NJDOT Human Resources Representatives will be present at TES Testing Dates ONLY to go over all TES Employment Paperwork.
On each Quarterly Testing Date (other than on Quarterly Testing Dates during the Post Dropdown Period (as defined below)), the Leverage Ratio will not exceed (A) 5.50 to 1.00 at any time other than during a Specified Acquisition Period and (B) 6.00 to 1.00 during a Specified Acquisition Period.
For the avoidance of doubt, even if the first Spike Election results in the 3.5 Ratio Period being only one Testing Date, the second Spike Election may only allow the 3.5 Ratio Period to be no more than two consecutive Testing Dates.
For purposes hereof, the "Virginia Testing Dates" and related "Thresholds" shall be June 21, 2005 - $410,000, July 21, 2005 - $542,000 and August 22, 2005 - $675,000.
In the event of delivery of Preliminary Testing Service after the Service Preliminary Testing Dates, of delivery of Full Testing Service after the Service Full Testing Dates, and/or of delivery of full Service after the Service Delivery Dates, where the delay is due to BT, the Customer will be entitled to claim Late Delivery Payments from BT calculated and payable in accordance with this Part 1 of Schedule 3.