Maturity Test definition

Maturity Test has the meaning given in Clause 13.3 of the LLP Deed;
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Maturity Test. With respect to any Measurement Date occurring within eighteen (18) months prior to the Stated Maturity Date, a test that will be met if no Class A Loans remain outstanding as of such date.
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Examples of Maturity Test in a sentence

  • Following a breach of the Pre- Maturity Test or service of a Notice to Pay on the Covered Bond Guarantor, the Selected Mortgage Loans may not be sold by the Covered Bond Guarantor for an amount less than the Adjusted Required Redemption Amount for the relevant Series of Covered Bonds.

  • To the extent that any 2024 Convertible Notes or 2025 Convertible Notes are outstanding on the date that is four (4) months prior to the respective maturity date in such Convertible Senior Notes (each such date, a “Maturity Test Date”), Borrower shall provide a Liquidity report on such Maturity Test Date, and thereafter on a weekly basis (or as frequently as may be requested by any Agent), demonstrating that the Maturity Date has not occurred.

  • The Concessionaire shall carry out Maturity Test as per procedure set out below to ascertain whether the Residual Inert Matter is Fit for Landfilling.

  • On each Business Day that falls within the Pre-Maturity Test Interval (each, a “Pre- Maturity Test Date”) prior to the occurrence of an Issuer Event of Default or the occurrence of a Guarantor Event of Default, the Guarantor or the Cash Manager on its behalf will determine if the Pre-Maturity Test has been breached.

  • The “Pre-Maturity Test” will be breached if on any Montreal Business Day (each a “Pre- Maturity Test Date”) the ratings of the Issuer’s unsecured, unsubordinated and unguaranteed debt obligations, or issuer default rating of the Issuer, as applicable, fall below the Pre-Maturity Minimum Ratings (as defined below) and a Hard Bullet Covered Bond is due for repayment within a specified period of time thereafter.

  • Prior to the first TiVo ----------------------------------- Center's passing the Design Maturity Test, and within a reasonable time following TiVo's written request, and subject to the availability of Quantum's environmental hard disk drive test ▇▇▇▇▇▇▇▇, Quantum shall, [*], test the Hard Disk Drives as integrated into the first TiVo Center in Quantum's environmental hard disk drive test ▇▇▇▇▇▇▇▇.