Interim Test definition

Interim Test means a test that is satisfied on any date of determination occurring prior to the nine month anniversary of the Closing Date if the Adjusted Borrowing Value in respect of the GFSI Loan is less than 10% of the sum of (i) Aggregate Adjusted Borrowing Value of all Eligible Loan Assets at such date of determination plus (ii) the Fair Value of all other Overcollateralization Assets (expressed as a principal amount).
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Interim Test has the meaning assigned such term in Section 2.07(b).
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Examples of Interim Test in a sentence

  • Interim Test, an online assessment which refines the data about students’ reading abilities partway through the implementation period.

  • In addition to any Scheduled Test or Interim Test, the Administrative Agent may, by notifying the Borrower thereof, elect to test the Collateral Coverage Ratio any time the Administrative Agent (as defined in the First Lien Credit Agreement) has the right to redetermine the Borrowing Base under the First Lien Credit Agreement.

  • Interim Test at AFRL coordinated between Contractor and Government SHIP HARDWARE TO: ATTN: Transportation Officer, FA8750 Air Force Research Laboratory/IFOLSX Marked For: AFRL/IFTC/▇.

  • The First Interim Test Period, the First Test Period, the Second Interim Test Period, the Second Test Period, the Third Interim Test Period, the Third Test Period, the Fourth Interim Test Period and the Fourth Test Period are referred to herein individually as a “Test Period”.

  • In addition, if Borrower shall elect to have its Borrowing Base (as defined in the First Lien Credit Agreement) redetermined in between Scheduled Test dates, Administrative Agent, shall, in conjunction with such Borrowing Base redetermination, test the Collateral Coverage Ratio (an "Interim Test") in accordance with this Section 2.07.

  • For any Interim Test or other test requested by the Administrative Agent or the Borrower pursuant to Section 2.07(b), the Borrower shall provide such Reserve Report with an "as of" date as required by the Administrative Agent as soon as possible, but in any event no later than thirty (30) days following the receipt of such request.