Maintenance Test. The Maintenance Test shall be tested on each Quarter Date for as long as any Bond is outstanding. The first test date for the Maintenance Test shall be 31 March 2024. The Maintenance Test is met if Cash exceeds SEK 1,000,000. The Maintenance Test shall be calculated on basis of the interim consolidated Financial Report for the period ending on the relevant Quarter Date and on the basis of the Compliance Certificate delivered in connection therewith. The Incurrence Test shall be tested in connection with the incurrence of a Capex Facility. The Incurrence Test is met if:
Appears in 1 contract
Sources: Amendment and Restatement Agreement
Maintenance Test. The Maintenance Test shall be tested on each Quarter Date for as long as any Bond is outstanding. The first test date for the Maintenance Test shall be 31 March 2024the first Quarter Date falling after the Closing Date. The Maintenance Test is met if Cash exceeds SEK 1,000,000. The Maintenance Test shall be calculated on basis of the interim consolidated Financial Report for the period ending on the relevant Quarter Date and on the basis of the Compliance Certificate delivered in connection therewith. The Incurrence Test shall be tested in connection with the incurrence of a Capex Facility. The Incurrence Test is met if:
Appears in 1 contract
Sources: Amendment and Restatement Agreement