Testing Event definition

Testing Event means the first time that the aggregate principal amount of all Advances outstanding under the Revolving Line is greater than Ten Million Dollars ($10,000,000.00).
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Testing Event means any instance in which the Borrower requests that a Letter of Credit be issued or uses the proceeds of any Revolving Advance other than to pay fees and/or costs in accordance with Section 15.9.
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Testing Event means the first time that the aggregate principal amount of all Advances outstanding under the Revolving Line is greater than Five Million Dollars ($5,000,000.00).”
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Examples of Testing Event in a sentence

  • In addition to the foregoing, upon the earlier to occur of (i) Testing Event or (ii) the occurrence of an Event of Default, Borrower shall direct Account Debtors to deliver or transmit all proceeds of Accounts into a lockbox account (the “Lockbox Account”).

  • Post-Finish Testing: Event Testing organized following a Competition or Event for the purpose of Testing Riders that participated in the Competition or Event.

  • At any time that a Covenant Testing Event has occurred and is continuing, the Loan Parties will not permit the Consolidated Fixed Charge Coverage Ratio for Company on a Consolidated Basis to be less than 1.00 to 1.00, as calculated on a trailing twelve (12) month basis as of the end of each Test Period, commencing with the month ending immediately prior to the occurrence of the Covenant Testing Event.

  • Test Administrator will verify all tests have been returned via Testing Event Roster and prep tests for return to GEDTS.

  • Walgreens grants Host Licensee an exclusive limited duration revocable right, privilege and license to access and use that portion of the Event Location designated by Walgreens for the HIV AND HEPATITIS Testing Event (as described on the cover page of this Agreement) on the speci ed Event Dates and Event Hours.

  • Only certified Test Administrators can handle the tests; teachers cannot handle, administer or be involved in the GED® Testing Event.

  • Host Licensee shall provide, at Host Licensee’s sole cost and expense, all services, supplies and equipment required for the HIV AND HEPATITIS Testing Event.

  • Test Administrators will fill out surveillance logs for each Testing Event.

  • Upon the occurrence of the Testing Event and at all times thereafter (regardless of the outstanding balance of Advances), achieve as of the last day of each month set forth below (for such periods after the occurrence of the Testing Event), computed with respect to Health Catalyst only, and not on a consolidated basis, minimum Annual Recurring Revenue, determined in accordance with GAAP, in an amount not less than the following:” • Section 6.12(b) (Online Banking).

  • At any time that a Covenant Testing Event has occurred and is continuing, the Company will not permit the Consolidated Net Leverage Ratio, calculated on a trailing twelve (12) month basis as of the last day of each fiscal month, to be more than (i) 2.00:1.00 for any trailing twelve (12) month period from the Closing Date and through and including July 29, 2023, (ii) 2.25:1.00 for any trailing twelve (12) month period from July 30, 2023 through and including February 3, 2024, and (iii) thereafter 2.50:1.00.


More Definitions of Testing Event

Testing Event is at all times after the initial Advance.
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Testing Event means the day or days that Consultant and Client have agreed to have Consultant travel to Client's business and perform the Testing Services.
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Testing Event means (i) Undrawn Availability for any consecutive five (5) Business Day period is less than or equal to Twelve Million Five Hundred Thousand and 00/100 Dollars ($12,500,000.00), or (ii) Undrawn Availability on any Business Day is less than or equal to Ten Million and 00/100 Dollars ($10,000,000.00).
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Testing Event has the meaning set forth in Section 4.3.
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Testing Event means COVID-19 testing of all students conducted by a school within a two day period in order to continue in-person learning when the outbreak threshold is met.
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Related to Testing Event

  • Vesting Event means the earliest to occur of the following events:

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Terminating Event means any of the following events:

  • Sporting event means any of the following athletic activities that is organized, operated, managed, or sponsored by the School:

  • Training Event means either a Course or Online Training, or both.

  • Disabling Event means the General Partner ceasing to be the general partner of the Partnership pursuant to Section 17-402 of the Act.

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • Subsequent Triggering Event means any of the following events or transactions occurring after the date hereof: (i) The acquisition by any person (other than Grantee or any Grantee Subsidiary) of beneficial ownership of 25% or more of the then outstanding Common Stock; or (ii) The occurrence of the Initial Triggering Event described in clause (i) of subsection (b) of this Section 2, except that the percentage referred to in clause (z) of the second sentence thereof shall be 25%.

  • Testing Date means each day which is: (i) the last day of the relevant Issuer's and the Guarantor's financial year in any year; or (ii) the last day of each of the first three quarters of the relevant Issuer's and the Guarantor's financial year in any year.

  • Qualifying Event means, during the Participant’s Services with the Company and its Affiliates, the Participant’s death or Disability.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • De-listing Event means the situation where (i) the shares in the Issuer are not listed and admitted to trading on a Regulated Market or (ii) trading in the shares in the Issuer on the relevant Regulated Market is suspended for a period of fifteen (15) consecutive Business Days.

  • Liquidating Event has the meaning set forth in Section 13.1 hereof.

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.

  • Forfeiture Event means the occurrence of at least one of the following (a) the Corporation is required, pursuant to a determination made by the Securities and Exchange Commission or by the Audit Committee of the Board, to prepare a material accounting restatement due to the noncompliance of the Corporation with any financial reporting requirement under applicable securities laws as a result of misconduct, and the Committee determines that (1) the Participant knowingly engaged in the misconduct, (2) the Participant was grossly negligent with respect to such misconduct or (3) the Participant knowingly or grossly negligently failed to prevent the misconduct or (b) the Committee concludes that the Participant engaged in fraud, embezzlement or other similar misconduct materially detrimental to the Corporation.

  • Initial Triggering Event means any of the following events or transactions occurring after the date hereof:

  • Disqualifying Event has the meaning specified in the definition of Eligible Currency.

  • designated sporting event generally means any association football match, whether national or international. The full legal definition of the different classes of designated sporting events may be found in the Sports Grounds and Sporting Events (Designation) (Amendment) Order 2011, under Article 2(1) and 2(2) of Schedule 2.

  • Accounting Event means the receipt by the Issuer of an opinion of an Authorized Public Accountant in Finland (reputable and experienced in such matters) to the effect that, as a result of a change in the applicable accounting standards or interpretation thereof, the equity treatment of the Capital Notes as “equity” in full in the Issuer’s consolidated financial statements has or will cease.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Co-occurring disorder (COD) means any combination of mental health symptoms and substance use disorder symptoms or diagnoses that affect a consumer and are typically determined by the current Diagnostic and Statistical Manual of Mental Disorders.

  • Triggering Events means Triggering Event I, Triggering Event II and Triggering Event III, collectively.

  • Special Hazard Coverage Termination Date The point in time at which the Special Hazard Loss Coverage Amount is reduced to zero.

  • Liquidating Events shall have the meaning set forth in Section 13.1.

  • Delaying Event means any failure of a Party to perform any of its obligations set forth in this Agreement, caused in whole or in part by: 2.63.1 the failure of the other Party to perform any of its obligations set forth in this Agreement, including but not limited to a Party’s failure to provide the other Party with accurate and complete Service Orders; 2.63.2 any delay, act or failure to act by the other Party or its End User, agent or subcontractor; or 2.63.3 any Force Majeure Event.

  • Co-occurring disorder specialist means an individual