Return Test definition
Return Test in respect of any Incentive Project, shall be satisfied if the Actual Return for such Incentive Project as of any date within the five-year period following the Opening of such Incentive Project equals or exceeds the Projected Return for such Incentive Project;
Examples of Return Test in a sentence
The Company hereby agrees to forgive one-third of the original amount of the Loan, until the Loan is forgiven in full, at the Opening of each Incentive Project, regardless of whether the Return Test is satisfied in respect of such Incentive Project.