Initial Test Period definition

Initial Test Period shall have the meaning provided in Section 11.12(a)(i).

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Initial Test Period has the meaning set forth in the definition of “Test Period”.

Initial Test Period shall have the meaning provided in Section 11.12(a)(i). “Initial Yield” shall mean, with respect to any Indebtedness, the amount, as determined by the Administrative Agent, equal to the sum of (x) (i) in the case of Indebtedness subject to interest rates determined by reference to a LIBOR based rate, the one month Adjusted LIBO Rate (giving effect to any “floor” or minimum rate applicable to such Indebtedness) plus the margin above the Adjusted LIBO Rate applicable to such Indebtedness and (ii) in the case of Indebtedness not subject to interest rates determined by reference to a LIBOR based rate, the applicable per annum interest rate applicable to such Indebtedness, and (y) if any discount applies to such Indebtedness or the Lenders making the same receive a fee (other than any customary arrangement, structuring or commitment fees payable in connection therewith to, and retained by, the arrangers or underwriters thereof in their capacity as such) directly or indirectly from (or on behalf of) any Parent Guarantor, the Borrower or any of their respective Subsidiaries, the amount of such discount or fee, expressed as a percentage of the Indebtedness subject to such discount or fee, divided by the lesser of (x) four and (y) the Weighted Average Life to Maturity of such Indebtedness. Notwithstanding the foregoing, any “floor” or minimum rate shall only be taken into account in calculating the Initial Yield to the extent such “floor” or minimum rate exceeds the Adjusted LIBO Rate then in effect (without giving effect to clause (a) of the definition of “Adjusted LIBO Rate”). “Intercreditor Agreement” shall mean a Pari Passu Intercreditor Agreement or a Second Lien Intercreditor Agreement, as applicable. “Interest Period” shall mean, with respect to any Term Loan or Revolving Credit Loan, the interest period applicable thereto, as determined pursuant to Section 2.9. “Interpolated Rate” shall mean, in relation to any LIBOR Loan, the rate per annum determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the applicable LIBO Rate for the longest period (for which the applicable LIBO Rate is available deposits in Dollars) that is shorter than the Interest Period of that LIBOR Loan and (b) the applicable LIBO Rate for the shortest period (for which such LIBO Rate is available for deposits in Dollars) that exceeds the Interes...

Examples of Initial Test Period in a sentence

The Purchasing Agency will have 10 Business Days from the date of supply of a Deliverable within which to perform such review or testing (the Initial Test Period).
If a Deliverable does not conform to the requirements of the Subscription Agreement, the Purchasing Agency will deliver to you, on or before the expiration of the Initial Test Period, a written notice specifying each non-conformity in reasonable detail (a Non-Conformity Notice).
For the avoidance of doubt and notwithstanding anything herein to the contrary, in the event that either of the PGA Tour or SportsLine shall not Launch by the applicable Deadline Launch Date or shall not remain Operational through the end of the Agreed Initial Test Period, the Launch Option shall vest on the eighth (8th) anniversary of the Grant Date provided the Employee remains employed by the Company through such date.
Borrower shall not permit, as of the last day of any fiscal quarter of Borrower, commencing with the last day of the Initial Test Period, the Current Ratio for Borrower and its Subsidiaries, on a consolidated basis, to be less than 1.00 to 1.00.
Failure to provide such written notice to Developer within the Initial Test Period or any subsequent test period, or any deployment or public distribution or use on behalf of any third party (other than an Affiliate) of any of the Licensed Property by Cisco will be deemed acceptance of all of the Licensed Property.
If a Deliverable does not conform to the requirements of the Subscription Agreement, the Purchasing Agency will deliver to you, on or before the expiration of the Initial Test Period, a written notice specifying each non_conformity in reasonable detail (a NonHConformity Notice).
Limited to maintenance by the Borrower of a maximum Consolidated Total Leverage Ratio (to be defined in a manner consistent with the Existing Credit Agreement) of (1) 4.60 to 1.00 for the first Test Period (to be defined in a manner consistent with the Existing Credit Agreement) that ends on or after the Closing Date (the “Initial Test Period”) and for the Test Period immediately following the Initial Test Period and (2) 4.25 to 1.00 for the two consecutive Test Periods immediately thereafter.
Except as set forth on Schedule 3.7, the assets listed in Section 1.1 of the Auction Agreement and the assets listed in Section 1.2 of the Auction Agreement are sufficient to enable Purchaser to Launch the SportsLine Store website and the PGA Tour Shop website by the applicable Deadline Launch Date (as defined on Exhibit D) and to keep such websites Operational during the Initial Test Period (as defined on Exhibit D).

More Definitions of Initial Test Period

Initial Test Period means the period of two consecutive fiscal quarters ending on December 31, 2002.

Initial Test Period means the Test Period ending on the last day of the fiscal quarter in which the eighteen (18) month anniversary of the Opening Date occurs.

Initial Test Period shall have the meaning assigned such term in the definition of “Capital Expenditures Expansion Amount”.