Liquidity Reserve Test. On each Calculation Date immediately preceding each anniversary of the Programme Date, the Asset Monitor shall, by no later than ten (10) Busi- ness Days following the receipt of the relevant information to be provided to it pursuant to Clause 4, test the arithmetic accuracy of the calculations performed by the Issuer in relation to the liquidity test set out in article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiele regels Wft) (the "Liquidity Reserve Test") for so long as the Covered Bonds remain outstanding and shall test that K + L + M ≥ N, all in accordance with Schedule 4 to the Asset Monitoring Agreement.
Liquidity Reserve Test. The CBC (or the Administrator on its behalf) shall conduct the test set out in article 40g of the Wft Prudential Rules Decree (Besluit prudentiële regels Wft) (the "Liquidity Reserve Test") for so long as the Covered Bonds remain outstanding, i.e. whether K + L + M ≥ N, all in accordance with Schedule 4 hereto.
Liquidity Reserve Test. As Asset Monitor, we will establish that the liquidity test as per the Calculation Date as set out in article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiële regels Wft) (the Liquidity Reserve Test) has been calculated in accordance with this article by recalculating whether K + L + M ≥ N.
Liquidity Reserve Test. Immediately preceding each anniversary of the Programme Date, the Asset Monitor shall, by no later than ten (10) Business Days following the receipt of the relevant information to be provided to it pursuant to Clause 4, test the arithmetic accuracy of the calculations performed by the Issuer in relation to the liquidity test set out in article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiele regels Wft) (the "Liquidity Reserve Test") with a view to confirm the accuracy (or otherwise) of such calculations. In this respect, the Asset Monitor shall be provided with the figures for the items listed in Clause 4.3 and shall test K + L + M ≥ N. In this Clause 3.3:
Liquidity Reserve Test. The Asset Monitor shall by no later than ten (10) business days following the receipt of the relevant information to be provided to it pursuant to Clause 4 check whether the liquidity test set out in article 40(g) of the Wft Prudential Rules Decree (Besluit prudentiele regels Wft) (the "Liquidity Reserve Test") has been correctly calculated by checking whether K + L + M ≥ N, provided that the Administrator and/or the Issuer have provided the Asset Monitor with all relevant information in relation thereto and has provided the amounts of K, L, M and N and the records on which these have been determined. In this Clause 3.3:
