Performance Test definition

Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.

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Performance Test means measurements of emissions or other procedures used for the purpose of determining compliance with a standard of performance conducted in accordance with approved test procedures.

Performance Test means such tests which establish successful installation and working of equipment at desired level as per the requirement of issuing authority before the issuance of Commissioning certificate;

Examples of Performance Test in a sentence

Each Project Guarantee is released automatically on the first date on which the portfolio (including that Project) sustains a DSCR of at least 1.30x on a trailing-nine-month basis measured on Energy Revenue only, the DSRA stands at not less than the DSRA Target Balance, no Event of Default is continuing, and all reporting then due has been delivered (the "Project Performance Test").
The Guarantor is released automatically, without further action by the Lender, on the first date on which each of the following is satisfied (the "Performance Test"): (a) the portfolio has sustained a DSCR of at least 1.30x on a trailing-nine-month basis, measured on Energy Revenue only; (b) the DSRA stands at not less than the DSRA Target Balance; (c) no Event of Default has occurred and is continuing; and (d) all reporting then due under Section 8.1 has been delivered.
A.S., irrevocably and unconditionally guarantees to the Lender the punctual payment of the scheduled Debt Service of the Facility - the Guarantor pays scheduled principal and interest due on each Payment Date if the Borrower does not - through construction and until released under the Performance Test.
If, after release of the Corporate Guarantee under Section 10.4.1, the Lender makes an Advance in respect of a Project that was not part of the portfolio which satisfied the Performance Test (including any New-Build Project), the applicable PLA shall require the Guarantor to provide a guarantee of the scheduled Debt Service attributable to that Project (a "Project Guarantee"), on the terms of this Article 10 mutatis mutandis.
Any Insolvency Event occurs with respect to the Borrower or, prior to release under the Performance Test, the Guarantor.

More Definitions of Performance Test

Performance Test means the collection of data resulting from the execution of a test method (usually three emission test runs) used to demonstrate compliance with a relevant emission standard as specified in the performance test section of the relevant standard.

Performance Test means a test for determining emissions from new or modified sources.

Performance Test shall have the meaning as defined in Section 2.03(b)(i).

Performance Test means a performance test equivalent to the requirements of a Capacity Check Test conducted for the purpose of achieving Commercial Operation witnessed by the Independent Engineer delivering the IE Certificate pursuant to Section 2.5(a)(i).

Performance Test or “PG Test” means such tests to be carried out as per Technical Specification and Clause 31 hereof, to demonstrate the achievement of the Guaranteed Performance before the Provisional Acceptance Certificate is issued.

Performance Test means the Performance Tests under the P1 EPC Contracts and the Lenders’ Reliability Test.

Performance Test has the meaning set forth in Section 5.1(a), and includes Buyer Performance Tests and Seller Retests.