Market Test definition

Market Test means a market test process conducted by the Transporter to assess interest of all potential users in contracting capacity before capacity allocation in the new infrastructure takes place, as referred to in the Joint Opinion. OpEx has the meaning given to it in Clause 1.2. Planned COD means, at any time, the date that is then planned to be the Commercial Operations Date, adjusted as described in Clause 1.5 below. Recovery Period means the 25 year period with exemption from regulated tariffs, granted by Article 4.2 of the Joint Opinion, starting from the Commercial Operation Date.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Market Test means a procedure referred to in the Article 9 of this Network Code which is to be conducted by the Transporter together with the AFO for the purpose of assessing whether there is economically justified interest among market participants for Capacity Products that would require from the Transporter to provide incremental capacity of Pipeline;

Market Test means a market test process pursuant to which interest will be solicited regarding (a) providing new money debt financing to either New JCP or the REIT (including financing that would “take-out” any of the “take back” paper otherwise proposed for the Plan, (b) the sale or sale sale/leaseback of the Debtors’ owned distribution centers, (c) the provision of new capital to either New JCP or the REIT in exchange for equity in such entity, (d) the purchase of New JCP, the REIT or substantially all of the assets of either as a going concern, and (e) the purchase of all or part of the Debtors’ assets.

Examples of Market Test in a sentence

• For example purposes only, a sample calculation of the Market Test is set forth on Schedule “6” attached hereto.

• Roll-Out for purposes of this Agreement shall mean the airing of the Infomercial after the Market Test period on national cable and/or broadcast television stations with gross media expenditures exceeding $15,000 weekly.

• Upon receipt of the Infomercial beta master, THANE shall proceed with project set-up and conduct a Market Test to be started within 30 days.

• Unless otherwise mutually agreed, the Market Test shall conclude within one hundred twenty (120) days of the first airing date of the Infomercial.

• DRG will provide all capital for the project set-up and the purchase of the media for the Market Test.

• By way of example, in a case where an Economic Viability Test results in an NPV of zero, no unit tariffs will change compared to what would have been the case without the Market Test in question.

• Reserved Capacity has already been made available in accordance with the Initial Capacity Allocation Mechanism and in the first Market Test, conducted prior to the start of construction of the pipeline.

• Should THANE in its sole discretion determine that it is not feasible to market the Product, then it shall notify WHJ in writing, within 5 days of the conclusion of the Market Test, and this Agreement will be terminated, excepting THANE may have a reasonable time to liquidate inventory.

• Should THANE determine in its sole discretion that the results of the Market Test do not warrant the marketing of the Product, it shall notify IUC within 7 days of the end of the Market Test period and this Agreement shall terminate.

• Star has been conducting a Market Test of the Low TSNA Cigarette.

More Definitions of Market Test

Market Test means that someone willingly pays to install the COTS component, not that every instruc- tion is used or proves valuable.

Market Test will mean a reasonably reliable market test conducted by KCI, or for KCI pursuant to KCI procedures, prior to Commercial Launch.

Market Test has the meaning given to it in Schedule GTC 5 of the General Terms and Conditions. Original Estimated Start Date means, in respect of a Reserved Capacity booking under this Gas Transportation Agreement, the later of (a) the calendar date specified in the Annex under the heading "Start Date" for that Reserved Capacity booking and (b) the following date, determined on the basis of the type of expansion step that applies to that Reserved Capacity booking, as specified in the Expansion Step Notice:

Market Test means a procedure conducted by the Transporter, in accordance with Section 6.10, to assess whether there is interest among market participants for Capacity Products that would require the Transporter to provide Expansion Capacity.

Market Test means a procedure referred to in the Article 9 of this Network Code which is to be conducted by the Transporter together with the AFO, in accordance with the regulation governing network codes related to the calculation and allocation of capacities for the natural gas transmission and the Article 9 of this Network Code, for the purpose of assessing whether there is economically justified interest among market participants for Standard Capacity Products that would require from the Transporter to provide Iincremental cCapacity of Pipeline;

Market Test means a procedure by the Transporter referred to in the Article 11 of this Network Code to assess whether there is interest among market participants for Capacity Products that would require the Transporter to provide Expansion Capacity;