Testing Period definition

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 a single period consisting of the four consecutive fiscal quarters of the Company 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 has the meaning assigned to such term in Section 5.12(b)(ii)(E)(x).

Examples of Testing Period in a sentence

• So long as any FCCR Testing Period is in effect, cause to be maintained as of the last day of each fiscal quarter ending during any such FCCR Testing Period, a Fixed Charge Coverage Ratio of not less than 1.10 to 1.00, in each case, for the four (4) quarter period then ending.

• The Administrative Agent agrees to notify the Borrower of the Unquoted Investments selected by the Administrative Agent to be tested in each Testing Period.

• The Company will not permit the Interest Coverage Ratio as of the last day of any Testing Period of the Company, beginning with the fiscal quarter July 31, 2024, to be less than 3.00 to 1.00.

• During any Financial Covenant Testing Period, the Borrowers will not permit the Fixed Charge Coverage Ratio, as of the end of any fiscal quarter, commencing with the most recent fiscal quarter ending immediately beforefor which financial statements have been delivered in accordance with Section 5.01 prior to the date on which such Financial Covenant Testing periodPeriod commences, to be less than 1.00 to 1.00.

• The Company will not permit the Total Leverage Ratio as of the last day of any Testing Period of the Company, beginning with the fiscal quarter ending July 31, 2024, to exceed the Maximum Total Leverage Ratio.

More Definitions of Testing Period

Testing Period. An ISO approved period of time during which a Generator is testing equipment and during which unstable operation prevents the unit from accurately following its base points. Third Party Transmission Wheeling Agreements ("Third Party TWAs"): A Transmission Wheeling Agreement, as amended, between Transmission Owners or between a Transmission Owner and an entity that is not a Transmission Owner. Third Party TWAs are associated with the purchase (or sale) of Energy, Capacity, and/or Ancillary Services for the benefit of an entity that is not a Transmission Owner. All Third Party TWAs are listed in Table 1 A of Attachment L to the ISO OATT, and are designated in the “Treatment “column of Table 1A, as “Third Party TWA.” Total Transfer Capability ("TTC"): The amount of electric power that can be transferred over the interconnected transmission network in a reliable manner.

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 the period beginning

Testing Period means for any determination 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).

Testing Period shall have the meaning set forth in Section 4.2.3.

Testing Period has the meaning set forth in Section 9.1.

Testing Period means the period within which the Acceptance Tests shall be carried out, as specified in sub-Clause 6.1;