Test Date means, with respect to any Start Date, the last day of the most recent fiscal quarter of the Borrower ended immediately prior to such Start Date.
Test Date means 31 March, 30 June, 30 September and 31 December each year.
Test Date means (a) the last day of each fiscal quarter of the Parent Guarantor for which financial statements are required to be delivered pursuant to Sections 5.03(b) or (c), as the case may be, (b) the date of each Advance, (c) the date of the addition of any Proposed Unencumbered Asset to the Unencumbered Asset Pool pursuant to Section 5.01(k), (d) the effective date of any merger permitted under Section 5.02(d), and (e) the effective date of any Transfer permitted under Section 5.02(e)(ii)(C).
Examples of Test Date in a sentence
Commencing with the fiscal quarter ending December 31, 2021, permit the Unencumbered Asset Ratio on each Test Date, be less than 145%.
Commencing with the fiscal quarter ending December 31, 2021, permit the Interest Coverage Ratio on each Test Date to be less than 1.10:1.00.
Permit its Tangible Net Worth on each Test Date (commencing with the fiscal quarter ending December 31, 2021), to be less than the Minimum Tangible Net Worth Amount for such day.
More Definitions of Test Date
Test Date means the last day of each calendar month with respect to Sections 3(a), 3(b) and 3(c) below and the last day of each fiscal quarter with respect to Section 3(d) below.
Test Date has the meaning assigned to such term in Section 2. 7(a).
Test Date as defined in Section 7.7(j).
Test Date means, with respect to any Start Date, the last day of the most recent fiscal quarter of Silgan ended immediately prior to such Start Date.
Test Date means, with respect to any Applicable Period, the last day of the most recent fiscal quarter or fiscal year, as the case may be, ended immediately prior to the Start Date with respect to such Applicable Period.
Test Date has the meaning set forth in Section 9.01(d).
Test Date at any time, the last day of the most recent fiscal quarter for which the Borrower’s consolidated annual or quarterly financial statements are then available.