Testing Condition shall be satisfied at any time if as of such time (i) the sum of without duplication (x) the aggregate principal amount of outstanding Revolving Facility Loans and Swingline Loans at such time and (y) the aggregate stated amount of Letters of Credit issued hereunder at such time (other than up to $3,000,000 of undrawn Letters of Credit and any Letters of Credit that have been Cash Collateralized in accordance with Section 2.05(j)) exceeds (ii) an amount equal to 30% of the aggregate amount of the Revolving Facility Commitments at such time.
Testing Condition shall be satisfied at any time if as of such time (i) the aggregate principal amount of outstanding Revolving Facility Loans at such time (calculated, in the case of Alternate Currency Loans, based on the Dollar Equivalent thereof and excluding, for the avoidance of doubt, any Letter of Credit) exceeds (ii) an amount equal to 30% of the aggregate amount of the Revolving Facility Commitments at such time.
Testing Condition shall be satisfied at any time if as of such time (i) the sum of without duplication (x) the aggregate principal amount of outstanding Revolving Facility Loans and Swingline Loans at such time and (y) the aggregate stated amount of drawn Letters of Credit and undrawn Letters of Credit (other than those that have been Cash Collateralized in accordance with Section 2.05(j)) outstanding at such time less $75,000,000 (but no less than $0), in each case, calculated, in the case of Alternate Currency Loans, based on the Dollar Equivalent thereof, exceeds (ii) an amount equal to 30% of the aggregate amount of the Revolving Facility Commitments at such time.
Examples of Testing Condition in a sentence
The Contractor shall provide detail Technical Data Sheets, Certifications of Standard Testing Conditions (STC: defined as Standard Testing Condition with air mass AM1.5, irradiance 1000W/m2, and cell temperature 25°C) as per the latest edition of IEC 61215 and IEC 61730 and as tested by IEC / MNRE recognized test laboratory.
The Contractor shall provide detail Technical Data Sheets, Certifications of Standard Testing Conditions (STC: defined as Standard Testing Condition with air mass AM1.5, irradiance 1000W/m2, and cell temperature 25°C) as per the latest edition of IEC 61215 and as tested by IEC / MNRE recognized test laboratory.
Bidder shall provide data sheet for Solar PV Module (Under Standard Testing Condition) along with their offer as per Guarantee Technical Particular.
Impact Testing: Condition the markers in a convection oven at 54dg C (130dg F) for one hour.
Heavy Oil Tank Testing Condition: VOC content of vapor shall be determined by ASTM D1945, ASTM D1946, EPA Method 18 referenced as methane, or equivalent test method with prior District approval.
More Definitions of Testing Condition
Testing Condition shall be satisfied at any time if as of such time (i) the sum of without duplication (x) the aggregate principal amount of outstanding Revolving Facility Loans and Swingline Loans at such time (calculated, in the case of Alternate Currency Loans, based on the Dollar Equivalent thereof) and (y) the aggregate stated amount (based on the Dollar Equivalent thereof) of Letters of Credit issued hereunder (other than $25,000,000 of undrawn Letters of Credit and any Letters of Credit that have been Cash Collateralized in accordance with Section 2.05(j)) exceeds (ii) an amount equal to 35% of the aggregate amount of the Revolving Facility Commitments at such time.
Testing Condition satisfied if any Revolving Loans are outstanding.
Testing Condition shall be satisfied at any time if as of such time the aggregate Revolving Facility Credit Exposure at such time (other than $30,000,000 of undrawn Letters of Credit and any Letters of Credit that have been Cash Collateralized in accordance with Section 2.05(j)) exceeds an amount equal to 35% of the aggregate amount of the Revolving Facility Commitments at such time.
Testing Condition shall be satisfied at any time if as of such time, (a) the aggregate amount of (i) the aggregate principal amount of outstanding Revolving Facility Loans and Swingline Loans at such time (calculated, in the case of Alternate Currency Revolving Loans, based on the Dollar Equivalent thereof and excluding, for the avoidance of doubt, any Letter of Credit), (ii) Unreimbursed Amounts with respect to drawn Letters of Credit and (iii) the face amount of outstanding undrawn Letters of Credit (excluding any Letters of Credit which have been fully Cash Collateralized in accordance with Section 2.05(j)) exceeds (b) an amount equal to 25% of the aggregate amount of the Revolving Facility Commitments at such time.
Testing Condition shall be satisfied at any time if as of such time (i) the sum of without duplication (x) the aggregate principal amount of outstanding Revolving Facility Loans at such time (calculated, in the case of Alternate Currency Loans, based on the Dollar Equivalent thereof) and (y) the aggregate stated amount (based, in the case of Alternate Currency Letters of Credit, on the Dollar Equivalent thereof) of Letters of Credit issued hereunder (other than (1) $10.0 million of undrawn Letters of Credit (based, in the case of Alternate Currency Letters of Credit, on the Dollar Equivalent thereof) and (2) any Letters of Credit that have been Cash Collateralized in accordance with Section 2.05(j)) exceeds (ii) an amount equal to 30% of the aggregate amount of the Revolving Facility Commitments at such time.
Testing Condition shall be satisfied at any time if as of such time (i) the sum of without duplication (x) the aggregate principal amount of outstanding Revolving Facility Loans at such time (calculated, in the case of Alternate Currency Loans, based on the Dollar Equivalent thereof) and (y) the aggregate stated amount (based, in the case of Alternate Currency Letters of Credit, on the Dollar Equivalent thereof) of Letters of Credit issued hereunder (other than (1) $100.0 million ($170.0 million from and after the occurrence of a CEOC Event) of undrawn Letters of Credit (based, in the case of Alternate Currency Letters of Credit, on the Dollar Equivalent thereof) and (2) any Letters of Credit that have been Cash Collateralized in accordance with Section 2.05(j)) exceeds (ii) an amount equal to 25% of the aggregate amount of the Revolving Facility Commitments at such time.
Testing Condition shall be satisfied at any time that (i) the Aggregate Revolving Facility Exposure at such time (excluding all undrawn Letters of Credit or Letters of Credit that have been Cash Collateralized or backstopped pursuant to arrangements reasonably satisfactory to the Revolver Administration Agent) exceeds (ii) an amount equal to 25% of the aggregate amount of the Revolving Commitments at such time.