Feasibility Test definition
Examples of Feasibility Test in a sentence
In order to confirm a plan, the Bankruptcy Code requires that the bankruptcy court find that confirmation of the plan is not likely to be followed by liquidation or the need for further financial reorganization of the debtor (the "Feasibility Test").
Such a writing shall include Cadiz' commitment to perform the obligations of the Buyer under the New Plan and to satisfy the Feasibility Test.
The Committee may, five (5) days after giving its notice of default, notice a termination of this Agreement if Cadiz has failed, within the five day notice of default period, to establish its ability to comply with the Feasibility Test.
In the case of Section 5.1, 5.2, 5.3 or 5.7, if the New Tower Loading exceeds the Original Tower Loading based on the Loading Feasibility Test, a Loading Analysis shall be conducted by Owner in accordance with Section 11.2(a).
In these instances, Communities are now required to use the Rehabilitation Feasibility Test Form for this reason.
Thus, for a plan to meet the Feasibility Test, the bankruptcy court must find that there is a reasonable likelihood that the reorganized debtor will possess the working capital and other resources necessary to operate profitably and will be able to meet its obligations under the plan.
If an Indemnified Party recovers any such amount or derives any such benefit after receiving the applicable indemnity payment, it shall repay to the Indemnifying Party such indemnity payment up to the amount of such recovery or benefit.
Subject to a Market Competitiveness Check, an Economic Feasibility Test and the terms of any applicable Spectrum Acquisition Agreement, QSI or its Affiliates may provide, at QSI’s option exercised in its sole discretion, Service Delivery either directly or managed programmatically using subcontractors as part of the Construction Services in a Starry Market.
The Simultaneous Feasibility Test (SFT) is a market feasibility test run by PJM that provides revenue adequacy by ensuring that the Transmission System can support the subscribed set of FTRs or ARRs during normal system conditions.
In the event the Loading Feasibility Test result is not positive, a Loading Analysis shall be required.