Financial Tests definition

Financial Tests. The Borrower shall comply with the following financial tests at all times, and such financial tests will be tested on a quarterly basis, based on consolidated financial results of the Borrower.
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Financial Tests means the financial tests with respect to the Company set forth in Section 11 of the Purchase Agreement.
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Financial Tests means the financial tests with respect to the Company set forth in Section 10, which tests are based upon the Annual and Quarterly Financial Statements and determined as of the end of each Fiscal Year and Quarter.
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Examples of Financial Tests in a sentence

  • For example, if vesting occurred in years one (1) and two (2), year three (3) is a Non-Achievement Year, and one of the Financial Tests is met in year four (4), the Cumulative Test may be used.

  • As of any applicable date of determination, the Makers fail to satisfy any of the Financial Tests.

  • If the Company has failed to meet one or more Financial Tests for a Fiscal Quarter (a “Financial Covenant Failure”), on or prior to the Announcement Date, the Company shall provide to the Holders a written certification, executed on behalf of the Company by the Chief Financial Officer of the Company, certifying that such Financial Test(s) has not been met for such Fiscal Quarter (a “Financial Covenant Failure Notice”).

  • Until payment in full of the Notes and the performance by CCI of all its obligations hereunder, CCI shall, unless each Purchaser waives compliance therewith in writing, meet the following Financial Tests.

  • NYMEX shall measure the Quarterly Financial Tests within 60 days following each full fiscal quarter following the Effective Time.

  • In the event the Cumulative Test is not met in the Non-Achievement Year (year (3)) and one of the Financial Tests is met in year four (4), the Cumulative Test may be used in year four (4).

  • On the Announcement Date, the Company shall also provide to the Holder a certification, executed on behalf of the Company by the Chief Financial Officer of the Company, certifying that the Company satisfied the Financial Tests for such Fiscal Quarter if that is the case.

  • Prior to closing the Trading Floor, NYMEX shall have the right to close any individual trading ring and terminate open outcry trading of any Current Products traded in such trading ring, if the Trading Floor would have satisfied the Quarterly Financial Tests for the immediately preceding fiscal quarter, on a pro forma basis, assuming that such trading ring was closed as of the first day of the testing period.

  • Beginning with the Quarter ending March 31, 2002, the Financial Tests shall be measured on a trailing four-quarter basis.

  • Until payment in full of the Notes and the performance by the Company of all its obligations hereunder, the Company shall, unless each Purchaser waives compliance therewith in writing, meet the following Financial Tests.


More Definitions of Financial Tests

Financial Tests means the Financial Test(s) as provided for in Section 10 of the Note Agreement and incorporated by reference herein.
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Financial Tests means jointly the Net Debt/EBITDA ratio and the Short Term Debt/EBITDA ratio. GAAP means generally accepted accounting principles in effect from time to time in Brazil, excluding Rule No. 247 enacted by the CVM on March 27, 1996 and any other rule enacted by the CVM in respect of proportional consolidation of financial statements.
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Financial Tests means the financial tests set forth in Sections 9(m) through and including (p).
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Financial Tests means those calculations described in clause (y) of the definition of "Sweep Event" and in Sections 3.04, 11.01(F) ------------- -------- and 16.03(A). ---------
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Financial Tests means the financial tests with respect to TNDE and the Subsidiaries set forth in Section 11, which tests are based upon the Annual Financial Statements and Quarterly Financial Statements and determined as provided for therein.
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Financial Tests means, as it applies to the Guarantor, that the Guarantor will conduct its affairs in such manner that at no time will: (i) the ratio of the Bank Indebtedness of the Guarantor to Tangible Net Worth of the Guarantor, on a consolidated basis, exceed 1.25 to 1; (ii) the Current Ratio of the Guarantor, on a consolidated basis, become less than 1.25 to 1; or (iii) Tangible Net Worth of the Guarantor. on a consolidated basis, become less than US $4,000,000.00;
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Related to Financial Tests

  • Test means such test as is prescribed by the particulars or considered necessary by the Inspecting Officer whether performed or made by the Inspecting Officer or any agency acting under the direction of the Inspecting Officer;

  • Critical Test Concentration or "(CTC)" means the specified effluent dilution at which the Permittee is to conduct a single-concentration Aquatic Toxicity Test.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Asset Test means, for an Asset Review, each Test, as defined in the Asset Representations Review Agreement, in Schedule A to the Asset Representations Review Agreement to be performed by the Asset Representations Reviewer on the related Asset Review Receivables.

  • Performance Tests means all tests meant to ensure that the Plant(s)/Unit(s) is/are in all respects in accordance with the requirements of the Contract and that the Plant functions properly and smoothly, in all respects as per the approved design parameters, within the permissible tolerances, and satisfies all the stipulated operating parameters, and will include the Guarantee Tests.