Test Assets definition

Test Assets means as of any date, the sum of: (1) cash and cash equivalents of the Borrower and Consolidated Subsidiaries on such date in excess of $5,000,000, plus (2) the Liquidity Borrowing Base.
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Test Assets has the meaning given in paragraph 6.12 of Part D of this Schedule 6.2;
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Test Assets means as of any date, the sum of: (1) cash and cash equivalents of the Borrower and Consolidated Subsidiaries on such date, plus (2) the Contingent BFD Borrowing Base.
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Examples of Test Assets in a sentence

  • At the end of each Fiscal Quarter commencing with the Fiscal Quarter ending on August 28, 2004 and continuing on the last day of each Fiscal Quarter thereafter, the ratio of Test Debt to Test Assets shall not be greater than 1.0.

  • At the end of each Fiscal Quarter commencing with the Fiscal Quarter ending on August 25, 2007 and continuing on the last day of each Fiscal Quarter thereafter, the ratio of Test Debt to Test Assets shall not be greater than 1.0.

  • At the end of each fiscal month commencing with the fiscal month beginning on September 30, 2001 and continuing through the last day of Fiscal Year 2002, the ratio of Test Debt to Test Assets shall not be greater than 1.0.


More Definitions of Test Assets

Test Assets means Receivables, Inventory, Fixed Assets, and Prepaid Expenses. Receivables shall be valued for purposes of the determination of the PRISM Test Asset Surplus and PRISM Test Asset Deficit at [***] of the gross book value thereof (prior to any reserve for bad debts), less [***], as of the Closing Date, provided that the aging for the Receivables at Closing is not materially different from the aging of the Receivables as presented to Orkin from PRISM's [***] receivables aging report.
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Test Assets means all test diagnostic procedures and associated software, as listed in Schedule 3.
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Test Assets means, on any date, the sum of, without duplication, (a) accounts receivables, less allowances, (b) finance receivables, net, (c) inventories and (d) long-term finance receivables, net; all as reported on the consolidated balance sheets of the Company in accordance with GAAP and calculated in a manner consistent with the calculation of such items in the consolidated financial statements of the Company contained in its 2001 Annual Report.
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Related to Test Assets

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

  • Combined Assets means the sum of Fund Assets and Other Assets; and

  • Project Assets means all physical and other assets relating to (a) tangible assets such as civil works and equipment including foundations, embankments, pavements, road surface, interchanges, bridges, culverts, road over-bridges, drainage works, traffic signals, sign boards, kilometre-stones, [toll plaza(s)], electrical systems, communication systems, rest areas, relief centres, maintenance depots and administrative offices; and (b) Project Facilities situated on the Site;

  • Subject Assets is defined in Section 2.2(c).

  • IT Assets means computers, software, servers, networks, workstations, routers, hubs, circuits, switches, data communications lines, and all other information technology equipment, and all associated documentation.