Testing Event definition

Testing Event means the first time that the aggregate principal amount of all Advances outstanding under the Revolving Line is greater than Ten Million Dollars ($10,000,000.00).
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Testing Event means any instance in which the Borrower requests that a Letter of Credit be issued or uses the proceeds of any Revolving Advance other than to pay fees and/or costs in accordance with Section 15.9.
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Testing Event means the first time that the aggregate principal amount of all Advances outstanding under the Revolving Line is greater than Five Million Dollars ($5,000,000.00).”
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Examples of Testing Event in a sentence

  • At any time that a Covenant Testing Event has occurred and is continuing, the Company will not permit the Consolidated Net Leverage Ratio, calculated on a trailing twelve (12) month basis as of the last day of each fiscal month, to be more than (i) 2.00:1.00 for any trailing twelve (12) month period from the Closing Date and through and including July 29, 2023, (ii) 2.25:1.00 for any trailing twelve (12) month period from July 30, 2023 through and including February 3, 2024, and (iii) thereafter 2.50:1.00.

  • In addition to the foregoing, upon the earlier to occur of (i) Testing Event or (ii) the occurrence of an Event of Default, Borrower shall direct Account Debtors to deliver or transmit all proceeds of Accounts into a lockbox account (the “Lockbox Account”).

  • At any time that a Covenant Testing Event has occurred and is continuing, the Loan Parties will not permit the Consolidated Fixed Charge Coverage Ratio for Company on a Consolidated Basis to be less than 1.00 to 1.00, as calculated on a trailing twelve (12) month basis as of the end of each Test Period, commencing with the month ending immediately prior to the occurrence of the Covenant Testing Event.

  • Upon the occurrence of the Testing Event and at all times thereafter (regardless of the outstanding balance of Advances), achieve as of the last day of each month set forth below (for such periods after the occurrence of the Testing Event), computed with respect to Health Catalyst only, and not on a consolidated basis, minimum Annual Recurring Revenue, determined in accordance with GAAP, in an amount not less than the following:” • Section 6.12(b) (Online Banking).

  • Host Licensee shall provide, at Host Licensee’s sole cost and expense, all services, supplies and equipment required for the HIV AND HEPATITIS Testing Event.

  • Test Administrators will fill out surveillance logs for each Testing Event.

  • Walgreens grants Host Licensee an exclusive limited duration revocable right, privilege and license to access and use that portion of the Event Location designated by Walgreens for the HIV AND HEPATITIS Testing Event (as described on the cover page of this Agreement) on the speci ed Event Dates and Event Hours.

  • Test Administrator will verify all tests have been returned via Testing Event Roster and prep tests for return to GEDTS.

  • Only certified Test Administrators can handle the tests; teachers cannot handle, administer or be involved in the GED® Testing Event.

  • Host Licensee shall conduct the HIV AND HEPATITIS Testing Event in full compliance with all applicable governmental requirements, in a rst-class manner, free of liens for materials or labor furnished to Host Licensee, and at Host Licensee’s sole cost and expense.


More Definitions of Testing Event

Testing Event is at all times after the initial Advance.
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Testing Event means COVID-19 testing of all students conducted by a school within a two day period in order to continue in-person learning when the outbreak threshold is met.
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Testing Event is at all times after the earlier of (i) the initial Advance and (ii) the initial Term Loan Advance.”
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Testing Event has the meaning set forth in Section 4.3.
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Testing Event means the day or days that Consultant and Client have agreed to have Consultant travel to Client's business and perform the Testing Services.
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Testing Event means (i) Undrawn Availability for any consecutive five (5) Business Day period is less than or equal to Twelve Million Five Hundred Thousand and 00/100 Dollars ($12,500,000.00), or (ii) Undrawn Availability on any Business Day is less than or equal to Ten Million and 00/100 Dollars ($10,000,000.00).
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Related to Testing Event

  • Vesting Event means the earliest to occur of the following events:

  • Rating Event means the rating on the Notes is lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating by each of the Rating Agencies on any day within the 60-day period (which 60-day period will be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (a) the occurrence of a Change of Control and (b) public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control; provided that a Rating Event will not be deemed to have occurred in respect of a particular Change of Control (and thus will not be deemed a Rating Event for purposes of the definition of Change of Control Triggering Event) if each Rating Agency making the reduction in rating does not publicly announce or confirm or inform the Trustee in writing at the request of the Company that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the Change of Control (whether or not the applicable Change of Control has occurred at the time of the Rating Event).

  • Terminating Event means any of the following events:

  • Sporting event means any of the following athletic activities that is organized, operated, managed, or sponsored by the School:

  • Training Event means either a Course or Online Training, or both.