Test Period definition

Test Period means, at any date of determination, the most recently completed four consecutive fiscal quarters of the Borrower ending on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section 6.01(a) or (b).

Test Period means each period of four consecutive fiscal quarters of the Borrower then last ended, in each case taken as one accounting period.

Test Period means, on any date of determination, the period of four consecutive fiscal quarters of Holdings then most recently ended (taken as one accounting period).

Examples of Test Period in a sentence

• The test shall be invalid if, during the Test Period, the ESS is operated outside of the specified Test Conditions in Appendix B.

• If XXXXX determines in its reasonable good faith judgment, that the Deliverable complies in all material respects with the requirements of this Agreement, the Specifications and the Statement of Work, then XXXXX shall accept the same by delivering a written notice of acceptance to Clip (“Acceptance” or “Accept”) within 3 business days of the expiration of the Acceptance Test Period.

• Commencing with the Test Period ending on the last day of the first full fiscal quarter ended after the Closing Date, the Borrower shall not permit the Liquidity on any Measurement Date to be less than $25,000,000.

• The test shall be invalid if, during the Test Period, the ESS is operated outside of the specified Test Conditions.

• Loan Parties shall, during each Covenant Compliance Period have a Fixed Charge Coverage Ratio of at least 1.10 to 1.00, tested for the most recent Test Period ending prior to the commencement of such Covenant Compliance Period and as of the end of each Test Period for which financial statements are required to be delivered pursuant to Section 5.04(a) or 5.04(b), as the case may be, during such Covenant Compliance Period.

More Definitions of Test Period

Test Period means, as of any date, the period of four consecutive Fiscal Quarters then most recently ended for which financial statements are internally available (or, in the case of Section 6.12, the period of four consecutive Fiscal Quarters then most recently ended for which financial statements have been delivered).

Test Period means, for any determination under this Agreement, the four consecutive fiscal quarters of the Borrower then last ended.

Test Period means, for any determination under this Agreement, the four consecutive fiscal quarters of the Borrower most recently ended on or prior to such date of determination and for which Section 9.1 Financials shall have been delivered (or were required to be delivered) to the Administrative Agent (or, before the first delivery of Section 9.1 Financials, the most recent period of four fiscal quarters at the end of which financial statements are available).

Test Period means a period of four consecutive Fiscal Quarters.

Test Period means each period of four consecutive fiscal quarters then last ended, in each case taken as one accounting period.

Test Period means, on any date of determination, the period of four consecutive fiscal quarters of the Borrower then most recently ended (taken as one accounting period).

Test Period means, on any date of determination, the period of four consecutive fiscal quarters of the Parent Borrower then most recently ended (taken as one accounting period) for which financial statements have been (or were required to be) delivered pursuant to Section 5.04(a) or 5.04(b)); provided that prior to the first date financial statements have been delivered pursuant to Section 5.04(a) or 5.04(b), the Test Period in effect shall be the four fiscal quarter period ended December 31, 2020.