Completion Test

Completion Test
Completion Test definition :
A test of the project's ability to perform as planned and generate theexpected cash flows. After the completion test, the project can move from recourse to project financing.

COMPLETION TEST - A test of the project's ability to perform as planned and generate the expected cash ...
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Sales completion In the context of project financing, the state in which the project has reached physical completion and has delivered product or generated revenues in satisfaction of a sales completion test.

Completion In the context of project financing, occurs after a Completion Test, when the project's cash flows become the primary method of repayment.

Completion undertaking An undertaking either (1) to complete a project such that it meets certain specified performance criteria on or before a certain specified date or (2) to repay project debt if the completion test cannot be met.

An undertaking either (1) to complete a project such that it meets certain specified
performance criteria on or before a certain specified date or (2) to repay project debt if the completion test
cannot be met.
Concentration account ...

See also: Banks, Expense, Risk-free asset, Capital structure, Compensation