Test Draw definition

Test Draw means an Advance made for the purpose of testing communication and draw procedures.
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Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures.
Sample 1Sample 2Sample 3
Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures with Administrative Agent.
Sample 1Sample 2Sample 3

Examples of Test Draw in a sentence

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of $10,000,000 (and in integral multiples of $250,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability.

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of $10,000,000 (and in integral multiples of $250,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability, as applicable to such Advance.

  • Each Advance and accrued and unpaid interest thereon shall be due and payable 30 days after such Advance is made, except in the case of a Test Draw which shall be repaid pursuant to the provisions of Section 7.2 hereof.

  • Each Advance and accrued and unpaid interest thereon shall be due and payable to the Administrative Agent for the account of each Bank 30 days after such Advance is made or, if earlier, the Revolving Credit Termination Date (any such date, a “Loan Maturity Date”), except in the case of a Test Draw which shall be repaid pursuant to the provisions of Section 7.2 hereofand except as provided in Section 2.4.

  • Except in the case of a Test Draw, the Company will only use the proceeds of the Advancesto provide temporary liquidity in circumstances where CME is entitled to use the Security Deposits and Performance Bonds of its Clearing Members to satisfy any outstanding obligations of any defaulting Clearing Members to CME as provided in the CMERules and in circumstances where a Money Gridlock Situation that affects the Company’s operations exists.

  • Each Advance under an Applicable Tranche and accrued and unpaid interest thereon shall be due and payable to the Administrative Agent for the account of each Applicable Bank making such Advance thirty (30) days after such Advance is made or, if earlier, the Revolving Credit Termination Date (any such date, a “ Loan Maturity Date”), except in the case of a Test Draw which shall be repaid pursuant to the provisions of Section 7.2 hereof and except as provided in Section 2.4.

  • Each Advance and accrued and unpaid interest thereon shall be due and payable to the Administrative Agent for the account of each Bank 30 days after such Advance is made or, if earlier, the Revolving Credit Termination Date (any such date, a “Loan Maturity Date”), except in the case of a Test Draw which shall be repaid pursuant to the provisions of Section 7.2 hereof and except as provided in Section 2.4.

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of$5,000,000 (and in integral multiples of $100,000 if in excess thereof), provided , however , that any Advance may be in the aggregate amount of the Excess Availability, as applicable to such Advance.

  • Except in the case of a Test Draw, the Company will only use the proceeds of the Advancesto provide temporary liquidity in circumstances where CME is entitled to use the Security Deposits and Performance Bonds of its Clearing Members to satisfy any outstanding obligations of any defaulting Clearing Members to CME as provided in the CME Rules and in circumstances where a Money Gridlock Situation that affects the Company’s operations exists.

  • Except in the case of a Test Draw, each Advance shall be in the minimum amount of $5,000,000 (and in integral multiples of $100,000 if in excess thereof), provided, however, that any Advance may be in the aggregate amount of the Excess Availability, as applicable to such Advance.


More Definitions of Test Draw

Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures with any Bank.
Sample 1Sample 2Sample 3
Test Draw as defined in Section 3.15(a).
Sample 1Sample 2
Test Draw means a nominal Advance made for the purpose of testing communication and draw procedures. “UCC” means the Uniform Commercial Code as in effect from time to time in the state of Illinois.
Sample 1

Related to Test Draw

  • Test Facility means any WRAS suitably accredited test laboratory;

  • First draw sample means a one−liter sample of tap water that has been standing in plumbing pipes at least 6 hours and is collected without flushing the tap.

  • Interest Drawing has the meaning assigned to such term in Section 3.6(a).

  • Downgrade Drawing has the meaning assigned to such term in Section 3.6(c).

  • Final Drawing has the meaning specified in Section 3.05(i).

  • Minimum Credit Enhancement Test With respect to any Payment Date, a test that will be satisfied if the Subordinate Percentage is greater than or equal to 6.00%.

  • Reserve Draw Amount shall have the meaning specified in subsection 4.12(c).

  • Unapplied Non-Extension Advance means any Non-Extension Advance other than an Applied Non-Extension Advance.

  • Applied Non-Extension Advance has the meaning assigned to such term in Section 2.06(a).

  • Availability Payment means the payment to Owner described in Section 8.1 for Condition 1 and 8.2 for Condition 2.

  • Required Reserve Factor Floor means, for any Calculation Period, the sum (expressed as a percentage) of (a) 12.5% plus (b) the product of the Adjusted Dilution Ratio and the Dilution Horizon Ratio, in each case, as of the most recent Cut-Off Date.

  • Maximum Facility Output means the maximum (not nominal) net electrical power output in megawatts, specified in the Interconnection Service Agreement, after supply of any parasitic or host facility loads, that a Generation Interconnection Customer’s Customer Facility is expected to produce, provided that the specified Maximum Facility Output shall not exceed the output of the proposed Customer Facility that Transmission Provider utilized in the System Impact Study. Maximum State of Charge:

  • Available Facility Amount shall have the meaning specified in paragraph 2B(1).

  • Downgrade Advance means an Advance made pursuant to Section 2.02(c).

  • Non-Availability Charges has the meaning set forth in the CAISO Tariff.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Test Fail has the meaning stated in Section 3.4(a).

  • Available Facility means, in relation to a Facility, the aggregate for the time being of each Lender’s Available Commitment in respect of that Facility.

  • Non-Extension Advance means an Advance made pursuant to Section 2.02(b).

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.

  • Additional Facility is defined in Section 7.01.

  • Test Issue means any variance or non-conformity of the Services or Deliverables from their requirements as set out in the Call Off Contract;

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Project Preparation Advance is modified to read “Preparation Advance” and its definition is modified to read as follows:

  • Replacement Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Equipment Advance is defined in Section 2.1.1.