Testing Date Sample Clauses

Testing Date. On the nine-year anniversary of the Final Closing (the “Testing Date”), the General Partner shall determine whether there would have been a Total Shortfall Amount with respect to any Limited Partner as of the Testing Date, assuming that the Partnership had sold all of its assets for fair market value, paid all of its liabilities and dissolved, liquidated and distributed its remaining net assets on the Testing Date in accordance with Section 13.2. For purposes of making the determination, the General Partner shall take into account the actual amount of Capital Contributions made by each Partner to the Partnership and the actual amount distributed to each Partner from the Partnership through the Testing Date. Such determination shall be made within ninety (90) days of the Testing Date. If the General Partner determines that there would have been a Total Shortfall Amount with respect to any Limited Partner as of the Testing Date, the General Partner shall, within one hundred and eighty (180) days of the Testing Date, repay to the Partnership, for distribution to the Limited Partners in accordance with Section 7.1.3, the Total Shortfall Amounts which shall be determined in accordance with Section 13.3(b) as if the Testing Date was the liquidation date of the Partnership. To the extent that any payments are made pursuant to this Section, future distributions and allocations shall be made taking into account the payment by the General Partner to the Partnership.
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Testing Date. (b) In this Agreement, unless the contrary intention appears, a reference to:
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Testing Date. Transfer....................................................................
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Testing Date. In relation to the financial covenant set out in Clauses 16.1.1 (Facility Service Cover Ratio), testing shall commence on the first Testing Date which occurs on or after six months after the end of the Availability Period (the First Testing Date) and shall be calculated by reference to the latest Compliance Certificate delivered to the Investment Agent pursuant to Clause 15.2 (Compliance Certificate).
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Testing Date. Except for the duration of the period commencing on the date of this Agreement and ending on the Termination Date, the financial covenants of Clause 18.1 shall be tested on any quarterly and yearly period.";
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Related to Testing Date

  • Measurement Period (b) In this Agreement, unless the contrary intention appears, a reference to:

  • Follow-up Testing An employee shall submit to unscheduled follow-up drug and/or alcohol testing if, within the previous 24-month period, the employee voluntarily disclosed drug or alcohol problems, entered into or completed a rehabilitation program for drug or alcohol abuse, failed or refused a preappointment drug test, or was disciplined for violating the provisions of this Agreement and Employer work rules. The Employer may require an employee who is subject to follow-up testing to submit to no more than six unscheduled drug or alcohol tests within any 12 month period.

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Commercial Operation Date 6.4.1 The SPV shall ensure that the Project Commercial Operation Date is achieved on or prior to the Scheduled Commercial Operation Date. The SPV shall provide a written notice to MSEDCL at least 30 (thirty) days in advance intimating MSEDCL of the proposed date on which the Commercial Operation Date of a Unit or the Project is proposed to be achieved.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Computation Period Interest on the Loans and all other amounts payable by Borrower hereunder on a per annum basis shall be computed on the basis of a 360-day year and the actual number of days elapsed (including the first day but excluding the last day) unless such calculation would result in a usurious rate, in which case interest shall be calculated on the basis of a 365-day year or 366-day year, as the case may be. In computing the number of days during which interest accrues, the day on which funds are initially advanced shall be included regardless of the time of day such advance is made, and the day on which funds are repaid shall be included unless repayment is credited prior to the close of business on the Business Day received. Each determination by Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  • Final Completion Date Final Completion for the Work as defined in Article 6.1.3 of the General Conditions to the Continuing Contract for Construction Management shall be achieved by September 30, 2022.

  • Minimum Call-Back Time Every employee who is called out and required to work in an emergency outside their regular working hours shall be paid for a minimum of two (2) hours at overtime rates and shall be paid from the time they leave home to report for duty until the time they arrive back upon proceeding directly from work.

  • Regular Work Week The regular work week shall be any five (5) consecutive days, Sunday through Saturday, for a total regular work week of forty (40) working hours, subject to the applicable premiums where provided for in this Agreement. Notwithstanding the above, employees may volunteer to work schedules that fall outside of the regular work week of Sunday through Saturday and may do so, upon approval by the Company, and with no penalty cost to the Company, but with applicable premiums as provided for in this Agreement.

  • Testing Requirements 12.1. Workplaces -

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