Mandatory Tests definition

Mandatory Tests means the Nominal Value Test, the Net Present Value Test and the Interest Coverage Test each as required under the terms of the Cover Pool Management Agreement.
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Mandatory Tests means, collectively, the Nominal Value Test, the Net Present Value Test and the Interest Coverage test, each as provided for under article 3 of Decree 310 and calculated pursuant to clause 3 of the Cover Pool Management Agreement.
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Mandatory Tests means the tests provided for under article 3 of Decree No. 310. "Margin" has the meaning given in the relevant Final Terms.
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Examples of Mandatory Tests in a sentence

  • CLAUSE 10 A Materials to be provided by the contractor and Mandatory Tests 1.


More Definitions of Mandatory Tests

Mandatory Tests means the tests provided for under article 3 of Decree No. 310 as calculated pursuant to the Cover Pool Management Agreement.
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Mandatory Tests means, collectively, the Nominal Value Test, the Net Present Value Test and the Interest Coverage test, each as provided for under article 7-undecies of Law 130 and calculated pursuant to clause 3 (Mandatory Tests and Liquidity Reserve Requirement) of the Cover Pool Management Agreement.
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Related to Mandatory Tests

  • Mandatory Tender Notice means, in connection with the Mandatory Tender of VRDP Shares, a notice, substantially in the form attached to the VRDP Shares Remarketing Agreement as Annex II, delivered by the Fund or the Tender and Paying Agent on behalf of the Fund to the Holders and the Liquidity Provider in accordance with this Agreement and specifying a Mandatory Tender Event and Purchase Date.

  • LCT Test Date shall have the meaning provided in Section 1.12(b).

  • Mandatory Tender Event means (a) each failure by the Fund to make a scheduled payment of dividends on a Dividend Payment Date; (b) the occurrence of a Liquidity Provider Ratings Event (which shall constitute a single Mandatory Tender Event upon the occurrence of such Liquidity Provider Ratings Event, whether or not continuing and whether or not such Liquidity Provider Ratings Event also results in a Mandatory Purchase Event; provided that, a subsequent Liquidity Provider Ratings Event, following restoration of the short-term debt ratings to the requisite level, shall constitute a new Mandatory Tender Event); (c) in the event of a failure by the Fund to pay the Liquidity Provider the applicable fee due in advance under the terms of the VRDP Fee Agreement by seven Business Days prior to the beginning of the month to which such payment relates if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that such failure to pay such fee constitutes a Mandatory Tender Event; (d) the eighth day prior to the scheduled date of the occurrence of an Extraordinary Corporate Event; (e) the Fund shall have obtained and delivered to the Tender and Paying Agent an Alternate VRDP Purchase Agreement by the fifteenth day prior to the Scheduled Termination Date, Liquidity Provider Ratings Event Termination Date or Related Party Termination Date, as the case may be, of the VRDP Purchase Agreement being replaced; (f) the Fund shall have provided a Notice of Proposed Special Rate Period in accordance with this Statement; or (g) in the event of a breach by the Fund of its Effective Leverage Ratio covenant with the Liquidity Provider in the VRDP Fee Agreement and the failure to cure such breach within 60 days from the date of such breach (which 60-day period would include the Effective Leverage Ratio Cure Period), if the Liquidity Provider (in its sole discretion) thereafter provides written notice to the Fund that the failure to timely cure such breach constitutes a Mandatory Tender Event (subject to the Fund curing such breach prior to the delivery date of such notice from the Liquidity Provider).

  • Mandatory Tender Date shall have the meaning as set forth in Section 2.5(a)(iii)(C).

  • Equity Conditions Measuring Period means each day during the period beginning twenty (20) Trading Days prior to the applicable date of determination and ending on and including the applicable date of determination.