Monthly Test Calculation Date definition
Monthly Test Calculation Date means, following the delivery of a Test Performance Report assessing that a breach of Tests has occurred, the 20th day of the month immediately following the date on which such Test Performance Report was sent and, thereafter, the 20th day of each month until the end of the relevant Test Grace Period in accordance with the Cover Pool Management Agreement, or, if any such day is not a Business Day, the immediately following Business Day.