Definition of Testing Period


Testing Period means a single period consisting of the four consecutive fiscal quarters of the Borrower then last ended (whether or not such quarters are all within the same fiscal year), except that if a particular provision of this Agreement indicates that a Testing Period shall be of a different specified duration, such Testing Period shall consist of the particular fiscal quarter or quarters then last ended that are so indicated in such provision.


Testing Period means any period of four consecutive Fiscal Quarters (whether or not such quarters are all within the same Fiscal Year).

Testing Period means, for purposes of calculating the Underwritable Cash Flow with respect to the Property, the trailing twelve (12) month period ending as of the last day of the calendar month immediately preceding the date of calculation.

Examples of Testing Period in a sentence

Simple functionality tests without the application of ‘live load’ are not considered to be part of the Performance Testing Period.
Where Performance Testing is performed in stages, any periods between the applications of ‘live load’ are not considered to be part of the Performance Testing Period.
At the conclusion of the Testing Period, the dye collection packets will be removed and analyzed to identify low level leakage not detected by flurometric measurements.
Once the Project Engineer has inspected the Regional MSW Facility, the Project Engineer shall issue a Partial Readiness Certificate and the Testing Period of the Regional MSW Facility shall commence from the date of issuance of Partial Readiness Certificate.
If the Parties agree to extend the Testing Period to permit Contractor to make such attempts, then the Testing Period will be extended by the lesser of: (i) the amount of time actually taken by Contractor to correct the System plus the amount of time actually taken by DCH to retest the corrected version, or (ii) any maximum extension agreed by DCH and Contractor.



More definitions of Testing Period

Testing Period means, for any date of determination under this Agreement, a single period consisting of the most recent four consecutive fiscal quarters of the Parent Borrower, for which financial statements have been required to be delivered (whether or not such quarters are all within the same fiscal year).


Testing Period means a period of consecutive Years of Service (not exceeding five) during which the Participant had the greatest aggregate compensation from the Employer Company, except that such years shall not include (1) years beginning after the close of the last year in which the Plan was a Top-Heavy Plan, and (2) years ending in a Plan Year beginning before January 1, 1984.

Testing Period means a maximum period of [●] months within which any performance tests, trial runs etc. shall be conducted at the Regional MSW Facility so as to ensure that the Project is fit and ready to be used for the treatment and disposal of MSW in accordance with the terms and conditions as provided in the Concession Agreement.

Testing Period means any fiscal quarter with respect to which Bank has tested Borrower’s trailing six month Net Sales to determine the aggregate principal amount of the Revolving Line.

Testing Period means each consecutive [***] period (commencing on any date and ending on any date) within the prior [***] period;

Testing Period means for any calendar week (the “subject week”) with respect to which compliance with Section 5.04(c) is being calculated, the period commencing with the first day of the first calendar week of the DIP Budget and ending with the last day of such subject week.

Testing Period means six (6) weeks for a Product and five (5) business days for documents.