Extension Test definition

Extension Test means the test used to assess the economic viability of a proposed NDES Extension. “Fair Market Value” has the meaning given to it in Section 7.2(g)(i).
Extension Test. The determination by Xxxxx, in its sole but -------------- reasonable discretion, that (i) there is no Event of Default arising under any of the Loan Documents, (ii) the Loan to Value Test has been satisfied, and (iii) the Debt Constant Test has been satisfied.

Examples of Extension Test in a sentence

  • Extension Test Description Loan Agreement Extension Test Description as stated in the Loan Agreement.

  • Landlord shall contribute the Extension Test Fit Allowance towards the cost of a test fit plan for the Premises, and Landlord shall contribute the Extension TI Allowance toward the costs and expenses incurred in connection with the performance of the Extension Tenant Improvements, all in accordance with Section 6 of the Amendment.

  • Extension Test Description Loan Agreement The extension test description, as stated in the Loan Agreement.

  • Tenant’s rights under this Section are conditioned upon no Event of Default shall have occurred and be continuing at the time of the Tenant Extension Notice, at the time of the Landlord Extension Notice or at the time of commencement of the applicable Extension Term (the “ Extension Test Dates”).

  • Extension Test Description Loan Agreement Requirements for extension, as stated in the Loan Agreement.

  • Tenant may apply the Extension Test Fit Allowance for the payment of the test fit plan costs and may apply the Extension TI Allowance for the payment of construction and other costs, in accordance with the terms and provisions of the Lease.

  • Upon submission by Tenant to Landlord of an itemized invoice for the test fit plan costs, then Landlord shall, within thirty (30) days following receipt of such invoice, pay to the applicable architect the amount of the test fit plan costs, up to the amount of the Extension Test Fit Allowance.

  • Subject to Tenant’s TI Allowance Reallocation Right, if the entire Extension Test Fit Allowance is not applied toward the cost of the test fit plan, or if the entire Extension TI Allowance is not applied toward or reserved for the costs of the Extension Tenant Improvements, then Tenant shall not be entitled to a credit of such unused portion of the Extension Test Fit Allowance or the Extension TI Allowance.

Related to Extension Test