Testing Month definition

Testing Month is any month with respect to which Bank has tested Borrower’s Adjusted Quick Ratio to determine whether Borrower is Streamline Facility Eligible.
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Testing Month is defined in Section 6.9(a) hereof.
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Testing Month is any month with respect to which Bank has tested Borrower's Liquidity in order to determine the Collateral Handling Fee in Section 2.2.4 or the Applicable Rate.” 14 The Loan Agreement shall be amended by deleting the following definitions, appearing in Section 13.1 thereof:
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Examples of Testing Month in a sentence

  • From and after the First Amendment Effective Date, monthly within thirty (30) days after the end of each month, a minimum Liquidity Ratio equal to or greater than 1.50:1.00; provided, that in the event Borrower has maintained the Liquidity Threshold for each day in a Testing Month, the Liquidity Ratio requirement for this section 6.9(a) will not be tested for such Testing Month.

  • For any Subject Month, to the extent the Liquidity Ratio of Parent and its Subsidiaries on a consolidated basis was greater than or equal to 1.35 to 1.0 as of the last day of the applicable Testing Month, within three (3) Business Days of receipt of Accounts collected by Bank pursuant to Section 6.3(c), Bank will turn over to Borrowers the proceeds of the Accounts.

  • A “Streamline Period” is a period commencing on the first day of the second calendar month following a Testing Month in which Borrower’s Net Cash equals or exceeds $1.00.

  • During the term of this Agreement, for any Subject Month when GTTI’s T3M EBITDA is greater than $50,000 or GTTI’s Net Liquidity is greater than $500,000 during any Testing Month, the Collections Advance Rate will apply and Bank will finance Borrower’s cash collections as set forth herein.

  • Note: White dipping chocolate is also known as white bark.RVC Column, October, 2017 October is Mensa Testing Month and most local groups will be testing.

  • A Streamline Period will continue in effect thereafter until Borrower fails to achieve Net Cash of at least $1.00 in any Testing Month or a Default or Event of Default has occurred.

  • SCBA InventorySCBA PositionID NumberFlow Testing Month Cylinder inventorySerial numberLast Hydrostatic Test Date Serial numberLast Hydrostatic Test Date Flow TestingSCBA are sent out for flow testing on or before the first of the month that they are due as indicated by the last digit in the number etched on the regulator and stamped in the side of the pressure reducer (1 – January, 2 – February, …0 – October).

  • It was named as the North East Frontier (Assam) Tribal and Excluded Area Committee.

  • We understand that this contributory factor is already being taken into account through the hot-spot tasking as Helen Jones, informed us that when a problem was identified in Broxtowe, as well as increasing intelligence gathering activity and putting more community protection officers on the streets, more cleansing was also undertaken.

  • The Figure 6, provides an overall view of FLOTANT main WPs, management stages and products, and all project deliverables.Management stages have been established as follows:1st MANAGEMENT STAGE: Project Initiation– Month 1 to Month 62nd MANAGEMENT STAGE: Initiating Project Developments – Month 7 to Month 183rd MANAGEMENT STAGE: Finalizing Project Developments, Conceptual Integration and Testing- Month 19 to Month 36YearsMonthsFIGURE 6.


More Definitions of Testing Month

Testing Month is with respect to the Liquidity Threshold, each calendar month.
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Testing Month is any calendar month with respect to which Bank has tested Borrower’s Adjusted Quick Ratio based upon Borrower’s financial report submitted to Bank in accordance with Section 6.2 above.
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Testing Month is any month with respect to which Bank has tested GTTI’s T3M EBITDA and GTTI’s Net Liquidity in order to determine whether Borrowers may request Streamline Advances.
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Testing Month is any Subject Month and the month immediately prior to the Subject Month.
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Related to Testing Month

  • Billing Month is defined in Section 9.1(b).

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Month means calendar month.

  • Showing Month shall be each day of each calendar month of the Delivery Period that is the subject of the Compliance Showing, as set forth in the CPUC Decisions and outlined in the CAISO Tariff. For illustrative purposes only, pursuant to the CAISO Tariff and CPUC Decisions in effect as of the Execution Date, the monthly Compliance Showing made in June is for the Showing Month of August.

  • Testing Date means 31 December of each year.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Covenant Testing Period means the period commencing on the last day of the fiscal month of Borrower most recently ended prior to the occurrence of a Fixed Charge Test Commencement Date for which month Borrowers have delivered to Agent monthly financial statements of Solutions and its Subsidiaries, and continuing until the Termination Date has occurred.

  • Reference Month means the calendar month for which the level of the Inflation Index is reported as specified in the applicable Final Terms, regardless of when this information is published or announced, except that if the period for which the Relevant Level was reported is a period other than a month, the Reference Month shall be the period for which the Relevant Level is reported.

  • Model Year means the CI engine manufacturer’s annual production period, which includes January 1st of a calendar year, or if the manufacturer has no annual production period, the calendar year.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Peak Period means the time between 6 a.m. and 10 p.m. (April through September) or between 7a.m. and 11 p.m. (October through March) on all days except Saturdays and Sundays, which daily time period will be subject to change from time to time at the Company's option. This change would occur after no less than ten (10) days notice has been given to all Customers who would be affected, and to the Commission.

  • Contract Month means a calendar month (or portion thereof) during the term of this Agreement. Contract Month 1 shall commence on the first day of the first calendar month following the Effective Date and end on the last day of that calendar month.