Adjusted Trigger Event definition

Adjusted Trigger Event shall have occurred if, (a) as of the last day of any calendar month ending during the period from the Closing Date until, but excluding, the first anniversary of the Closing Date, the Adjusted Debt Yield is less than 11.00 % and (b) as of the last day of any calendar month ending on or after the first anniversary of the Closing Date, the Adjusted Debt Yield is less than 11.50%; provided, that an Adjusted Trigger Event shall cease to exist following an Adjusted Trigger Event Cure with respect to such Adjusted Trigger Event.
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Adjusted Trigger Event has the meaning assigned to such term in the Revolving Credit Agreement.
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Adjusted Trigger Event an “Adjusted Trigger Event” as defined in the Existing REIT Credit Facility as in effect on the Closing Date.
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Examples of Adjusted Trigger Event in a sentence

  • For the avoidance of doubt, each Lender’s Revolving Commitment shall be deemed to be in effect for purposes of this Section 2.5(a) regardless of the occurrence and continuance of a Trigger Event or an Adjusted Trigger Event except with respect to any of such Revolving Commitment that has been permanently and irrevocable terminated pursuant to the terms hereof.

  • No Default, Event of Default, Trigger Event or Adjusted Trigger Event shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date.

  • After the occurrence and during the continuation of a Trigger Event or Adjusted Trigger Event, the Borrower shall cause each of the Group Members to make the maximum amount of cash distributions to its respective parent entity that it is not prohibited from making under the terms of the Subsidiary Loan Documents directly into the Account.

  • After the occurrence and during the continuation of a Trigger Event or Adjusted Trigger Event, the Borrower shall cause each of its direct and indirect Subsidiaries to make the maximum amount of cash distributions to its respective parent entity that it is not prohibited from making under the terms of the Subsidiary Loan Documents directly into the Account.

  • No Default, Event of Default , Trigger Event or Adjusted Trigger Event shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date.

  • No Default, Event of Default or, Trigger Event or Adjusted Trigger Event shall have occurred and be continuing on such date or after giving effect to the extensions of credit requested to be made on such date.

  • After the occurrence and during the continuation of a Trigger Event or an Adjusted Trigger Event, Borrower shall cause each of its direct and indirect Subsidiaries to make the maximum amount of cash distributions to its respective parent entity that it is not prohibited from making under the terms of the Mortgage Loan Documents directly into the Conditional Controlled Account.

Related to Adjusted Trigger Event

  • Trigger Event shall have the meaning specified in Section 14.04(c).

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Cumulative Loss Trigger Event With respect to any Distribution Date, a Cumulative Loss Trigger Event exists if the quotient (expressed as a percentage) of (x) the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by (y) the Cut-off Date Pool Principal Balance exceeds the applicable cumulative loss percentages set forth below with respect to such Distribution Date: Distribution Date Occurring In Cumulative Loss Percentage ------------------------------ --------------------------------------------------------- July 2008 through June 2009 1.400% for the first month, plus an additional 1/12th of 1.750% for each month thereafter (e.g., 2.275% in January 2009) July 2009 through June 2010 3.150% for the first month, plus an additional 1/12th of 1.750% for each month thereafter (e.g., 4.025% in January 2010) July 2010 through June 2011 4.900% for the first month, plus an additional 1/12th of 1.400% for each month thereafter (e.g., 5.600% in January 2011) July 2011 through June 2012 6.300% for the first month, plus an additional 1/12th of 0.750% for each month thereafter (e.g., 6.675% in January 2012) July 2012 and thereafter 7.050%

  • Trigger Event Date means a date on which a Trigger Event has occurred as determined by the Calculation Agent.

  • Delinquency Trigger Event means, for any Collection Period, the aggregate Principal Balance of Delinquent Receivables that have been Delinquent Receivables for 61 days or more as a percentage of the Pool Balance as of the last day of the Collection Period exceeding or being equal to 6.62%.