DTW Test Default definition
DTW Test Default means the Debt to Worth Ratio is greater than: (i) as of the last day of the fiscal quarters ending August 31, 2016, and November 30, 2016, 3.50:1.00, (ii) as of the last day of the fiscal quarters ending February 28, 2017, May 31, 2017, August 31, 2017, and November 30, 2017, 3.25:1.00, and (iii) as of the last day of each fiscal quarter thereafter, 3.00:1.00.
DTW Test Default means that, as of the last day of any fiscal quarter, the Debt to Worth Ratio is greater than 3.00:1.00.