Definition of Historic Test Period


Historic Test Period means, with respect to any dividend, distribution, payment, purchase pursuant to Section 10.5, each of the four consecutive Fiscal Quarters immediately preceding such dividend, distribution, payment or purchase.
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Examples of Historic Test Period in a sentence

A written certificate or opinion of the City Finance Director that the Pledged Revenues for the applicable Historic Test Period are sufficient to pay the amounts required in this Section shall be required in making a determination that the requirements set forth in this Section have been satisfied and shall be conclusively presumed to be accurate in determining that such requirements have been satisfied.