Testing Quarter definition

Testing Quarter has the meaning assigned to such term in Section 5.12(b)(ii)(B).
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Testing Quarter is defined in Section 6.9(b) hereof.
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Testing Quarter is each fiscal quarter in which, as of the last day of such fiscal quarter, the sum of (a) Borrower’s unrestricted and unencumbered cash (i) at Bank or (ii) held at other financial institutions in accounts that are subject to a Control Agreement, plus (b) the Availability Amount as of such date was less than Twenty-Four Million Dollars ($24,000,000.00).
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Examples of Testing Quarter in a sentence

  • The Testing Quarter shall not be required to coincide with the timing of any valuations conducted by the Board of Directors of the Borrower pursuant to Section 5.12(b)(ii)(B).

  • InitialUpon application approval, Onsite Initial Inspection and Laboratory Testing Quarter 1Onsite Surveillance Inspection and Laboratory Testing (approximately 1month from award of certification).

  • In this study, histogram is used to test the normality of each data.Figure4.4 HistogramData Source: SPSS 21.0 results As can be seen from Figure 4.4, the data are basically normal distribution.

  • EK Services – Housing Benefit Quarterly Testing (Quarter 1 of 2014-15):2.7.1 Background: Over the course of 2014/15 financial year the East Kent Audit Partnership will be completing a sample check of Council Tax, Rent Allowance and Rent Rebate and Local Housing Allowance benefit claims.

  • Index Case Testing, Quarter 2, Year 5.17 In Y5Q2, a total of 158 new clients joined the case management program, and 74 of them (47%) were offered index testing services (note: active partner testing was not offered starting from the end of January).

  • As the CJEU affirmed, by this the CRPD became an integral part of the European Union legal order; consequently, the relevant EU law should be interpreted in a manner consistent with that convention.

  • As used herein, the term "Adjusted Rolling Period" shall mean and include the three (3) Fiscal Quarters immediately preceding the Fiscal Quarter in which the subject Indebtedness is incurred (the "Testing Quarter") together with the Testing Quarter.

  • To secure payment of salary within time before the expiry of 20th of each month without any unauthorised deduction, as required by Section 3, Section 5 provides for constitution of 'Institutional Fund.' Various sub-clauses of this section show that the Institutional Fund is constituted mainly for the purpose of disbursement of salary of teachers and employees of that institution in the manner specified in Section 5 itself.

  • Thereafter, ATI and its Subsidiaries shall maintain a Fixed Charge Coverage Ratio of not less than 1.0 to 1.0 as of the last day of the fiscal quarter ending immediately after the Third Testing Quarter for the period equal to the four (4) consecutive fiscal quarters then ending and as of the last day of each fiscal quarter thereafter for the period equal to the four (4) consecutive fiscal quarters then ending.

  • The Head of Finance comments that the Council has an allocation of £517,000 from Transport for London for Local Safety Schemes.


More Definitions of Testing Quarter

Testing Quarter means any Fiscal Quarter for which both (i) the daily average outstanding principal amount of Revolving Loans during such Fiscal Quarter exceeds 30% of the Revolving Commitments then outstanding and (ii) the outstanding principal amount of Revolving Loans is not reduced to zero on the last day of such Fiscal Quarter.
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Testing Quarter means, as of any date, the Fiscal Quarter immediately preceding the Fiscal Quarter during which the IVP Value is determined.
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Testing Quarter is any quarter with respect to which Bank has tested Borrower’s Net Income to determine whether Borrower is in compliance with the Tangible Net Worth financial covenant set forth in Section 6.7(b).
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Testing Quarter means any Fiscal Quarter for which both (i) the daily average outstanding principal amount of Revolving Loans and Swingline Loans during such Fiscal Quarter exceeds 30% of the Revolving Commitments then outstanding and (ii) the outstanding principal amount of Revolving Loans and Swingline Loans is not reduced to zero on the last day of such Fiscal Quarter.
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Testing Quarter is each fiscal quarter in which, as of the last day of such fiscal quarter, Borrower’s Cash Liquidity is less than Twenty Million Dollars ($20,000,000.00)
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Testing Quarter has the meaning assigned to such term in Section 5.12(b)(ii)(B). “Total Assets” means, as of any date of determination, the value of the total assets of the Obligors, less all liabilities and indebtedness of the Obligors not represented by senior securities, in each case, as of such date of determination. “Total Assets Concentration Limitation” means, as of any date of determination, the amount by which the aggregate value of Equity Interests in Financing Subsidiaries held by the Obligors included in the calculation of Total Assets as of such date of determination exceeds 10% of the Total Assets as of such date of determination. “Total Secured Debt” means, as of any date of determination, the aggregate amount of senior securities representing secured indebtedness of the Obligors (including any Indebtedness
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Related to Testing Quarter

  • 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.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Testing Date means 31 December of each year.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31.

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;

  • Rolling Period means, as of any date, the four Fiscal Quarters ending on or immediately preceding such date.

  • Distribution Compliance Period with respect to any Note, means the period of 40 consecutive days beginning on and including the later of (a) the day on which such Note is first offered to persons other than distributors (as defined in Regulation S) in reliance on Regulation S, notice of which day shall be promptly given by the Company to the Trustee, and (b) the date of issuance with respect to such Note or any predecessor of such Note.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Program Year means the annual period beginning January 1 and ending December 31.