Tested definition
Examples of Tested in a sentence
The determination of the Tested Capacity shall be done by Seller.
The fair value of such Portfolio Investments tested as of any Valuation Testing Date shall be equal to or greater than the Tested Amount (as defined below).
The Tested Capacity as determined through the Buyer’s Capacity Test shall be used to determine the Monthly Contract Capacity in the same manner as the Tested Capacity determined through a Seasonal Capacity Test as provided in Section 3.13(d)(ii) and (iii) and the adjustment shall be effective as of the first day of the month following the month in which the Buyer’s Capacity Test occurs.
The Tested Capacity as determined through the Seller’s Capacity Test shall be used to determine the Monthly Contract Capacities in the same manner as the Tested Capacity determined through a Seasonal Capacity Test as provided in Section 3.13(d)(ii) and (iii) and the adjustment shall be effective as of the first day of the month following the month in which the Seller’s Capacity Test occurs.
The equations will be applicable for ratios based on both Initial Base Capacity as defined in 4.2(b)(i) and Tested Base Capacity as defined in 4.2(b)(ii).