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 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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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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Examples of Testing Event in a sentence

  • Maintain at all times upon the occurrence of the Testing Event, to be tested as of the last day of each calendar quarter, an Adjusted Quick Ratio of at least 1.25 to 1.00.

  • Maintain: Adjusted Quick Ratio (at all times upon the occurrence of the Testing Event, tested quarterly) ≥ 1.25:1.0 :1.0 Yes No The following financial covenant analyses and information set forth in Schedule 1 attached hereto are true and correct as of the date of this Compliance Statement.


More Definitions of Testing Event

Testing Event is at all times after the initial Advance.
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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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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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Related to Testing Event

  • 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:

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

  • 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.

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

  • 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.

  • 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.

  • 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:

  • Co-occurring disorder specialist means an individual