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 with respect to the Liquidity Threshold, each calendar month.
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Examples of Testing Month in a sentence

  • 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.

  • 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.

  • 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.

  • All changes to the Applicable Rate which arise due to a change in the Borrower’s Adjusted Quick Ratio shall become effective on the first day of the Subject Month after the Testing Month in which the change in Borrower’s Adjusted Quick Ratio occurs (e.g. if Borrower’s Adjusted Quick Ratio for the month ending August 31, 2011 triggers a change in the Applicable Rate, such change in the Applicable Rate would become effective on October 1, 2011).

  • During the term of this Agreement, for any Subject Month so long as Borrower’s aggregate cash plus Excess Availability was at least $1,500,000 during any Testing Month, the Streamline Advance Rate will apply and Bank will finance Borrowers’ Streamline Eligible Accounts, as set forth herein.

  • 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).

  • 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.

  • For any Subject Month (as of the first calendar day of such Reconciliation Period), to the extent that Borrower maintained an Adjusted Quick Ratio of not less than 1.00 to 1.00 at all times during the applicable Testing Month, Borrower shall not pay any Collateral Handling Fee (as hereinafter defined).

  • 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.

  • Project Kick-off Month 1 Technical Assessment Month 1 Installation of Onsite Environment Month 2 Baseline Training Month 2 Fit Gap Assessment Month 3 Historic Data Assessment and Data Mapping Month 4 Integration / Interface Definition Month 4 Integration Development Month 7 Conversion Dry Run Month 6 User Acceptance Testing Month 8 Conversion Complete Month 8 Go Live – Pilot Courts Month 9 Go Live – Remaining Courts In phases to be defined with the total duration not to exceed 6 months.


More Definitions of Testing Month

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.
Sample 1
Testing Month is any month with respect to which Bank has tested Borrower’s Adjusted Quick Ratio in order to determine the Applicable Rate.” 13 The Loan Agreement shall be amended by deleting the following definitions appearing in Section 13.1 thereof:
Sample 1
Testing Month is any Subject Month and the month immediately prior to the Subject Month.
Sample 1
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.
Sample 1

Related to Testing Month

  • Operating Month for a Shipper or Transferor means any calendar month in which Carrier either transports Crude Petroleum or recognizes and records a change in ownership of Crude Petroleum for the account of such Party. For purposes hereof the calendar month shall be deemed to begin at 7:00 a.m. (Central Time) on the first day of such month.

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

  • Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.

  • 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.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • 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 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.

  • 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.

  • Twelve-Month Period means a period of twelve consecutive months determined on a rolling basis where a new twelve month period begins on the first day of each calendar month.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Budget month means the calendar month from which nonfinancial and financial information is used to determine eligibility (see section (28) of this rule) and benefit level for the payment month (see section (50) of this rule).

  • 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 a period (a) commencing on the last day of the fiscal month of Parent most recently ended prior to a Covenant Trigger Event for which Borrowers are required to deliver to Agent monthly financial statements pursuant to Schedule 5.1 to this Agreement, and (b) continuing through and including the first day after such Covenant Trigger Event that Availability has equaled or exceeded the greater of (a) 15% of the Maximum Revolver Amount, and (b) $4,500,000 for 60 consecutive days.

  • Mid-Month Receipt Period With respect to each Distribution Date, the one month period beginning on the Determination Date (or, in the case of the first Distribution Date, from and including the Cut-Off-Date) occurring in the calendar month preceding the month in which such Distribution Date occurs and ending on the day preceding the Determination Date immediately preceding such Distribution Date.

  • 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.

  • Baseline Period means the period used to determine the baseline emission rate for each regulated pollutant under OAR 340 division 222.

  • 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.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • 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.

  • 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.

  • Contract Month means the expiry month January, February, March, April, May, June, July, August, September, October, November, .

  • 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.

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.