Cash Dominion Period definition

Cash Dominion Period means (a) each period beginning on a date when Total Excess Availability shall have been less than the greater of (i) 10% of the Line Cap and (ii) $20,000,000, in either case for five consecutive Business Days, and ending on such date as Total Excess Availability shall have been at least equal to the greater of (i) 10% of the Line Cap and (ii) $20,000,000 for a period of 30 consecutive calendar days or (b) upon the occurrence of an Event of Default, the period that such Event of Default shall be continuing.
Cash Dominion Period means (a) each period beginning on the date that Excess Availability shall have been less than the greater of (x) 10% of the Maximum Credit and (y) $35,000,000, in either case, for five (5) consecutive Business Days, and ending on the date Excess Availability shall have been equal to or greater than the greater of (x) 10% of the Maximum Credit and (y) $35,000,000, in each case, for twenty (20) consecutive calendar days or (b) upon the occurrence of a Specified Event of Default, the period that such Specified Event of Default shall be continuing; provided that a Cash Dominion Period shall be deemed continuing (even if Excess Availability exceeds the required amounts for twenty (20) consecutive calendar day) if a Cash Dominion Period has occurred and been discontinued on five (5) occasions in any twelve month period. The termination of a Cash Dominion Period as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Cash Dominion Period in the event that the conditions set forth in this definition again arise.
Cash Dominion Period means the period commencing upon the occurrence of, and continuing during the continuation of, a Liquidity Condition or any Designated Event of Default. Once commenced, a Cash Dominion Period will continue until such Liquidity Condition or Designated Event of Default has been cured or waived or is no longer continuing, as applicable.

Examples of Cash Dominion Period in a sentence

During each Cash Dominion Period, the Borrower Representative shall deliver to the Lender, as frequently as the Lender may request, but no less frequently than by 5:00 P.M. (Eastern time) on each Wednesday of each calendar week (or the next Business Day if such Wednesday is not a Business Day), a Borrowing Base Certificate (for the period ending on Friday of the week prior to the date such Borrowing Base Certificate is submitted) prepared and certified by a Financial Officer of the Borrower Representative.

Unless a Cash Dominion Period is in effect, the Borrower Representative shall deliver to the Lender, within twenty-five (25) days after the end of each calendar month, a Borrowing Base Certificate for the calendar month just ended reconciled to the financial statements delivered pursuant to Section 9.6 for such month, prepared by a Financial Officer of the Borrower Representative.


More Definitions of Cash Dominion Period

Cash Dominion Period means the date from and after a Cash Dominion Triggering Event and continuing at all times thereafter for a period of 30 consecutive days during which no Cash Dominion Triggering Event exists.
Cash Dominion Period means the period commencing after the occurrence of a Cash Dominion Event and continuing until the date when (a) no Event of Default shall exist and be continuing, and (b) Availability exceeds 12% of the Borrowing Base for at least 30 consecutive days.
Cash Dominion Period means (a) any period commencing from the date that Availability shall have been less than the greater of (i) 10.0% of the Maximum Credit and (ii) $12,000,000, for five (5) consecutive Business Days and ending on the date on which Availability shall have been at least the greater of (i) 10.0% of the Maximum Credit and (ii) $12,000,000 for twenty (20) consecutive calendar days or (b) upon the occurrence of a Specified Event of Default, the period that such Specified Event of Default shall be continuing.
Cash Dominion Period means (a) each period beginning on the date that Excess Availability shall have been less than the greater of (x) $10,000,000 and (y) 10.0% of the Aggregate Revolving Credit Commitments, in either case, for five consecutive Business Days, and ending on the date that Excess Availability shall have been at least the greater of (x) $10,000,000 and (y) 10.0% of the Aggregate Revolving Credit Commitments, in each case, for 30 consecutive calendar days or (b) upon the occurrence of a Specified Event of Default, the period that such Specified Event of Default shall be continuing.
Cash Dominion Period means any period of time, at the election of the Administrative Agent or at the direction of the Required Lenders, (i) when an Event of Default has occurred and is continuing or (ii) commencing with the date on which Specified Availability is less than the greater of 15.0% of the Aggregate Revolving Commitment and $4,500,000, and continuing until such subsequent date as when Specified Availability has exceeded the greater of 15.0% of the Aggregate Revolving Commitment and $4,500,000 for thirty (30) consecutive days.
Cash Dominion Period means any period (a) commencing on the date on which (i) a Specified Event of Default has occurred and is continuing or (ii) Excess Availability is less than the greater of (A) 10.0% of the Line Cap then in effect and (B) $42,500,000, for a period of 5 consecutive Business Days and (b) ending on the first date thereafter on which (i) Excess Availability has been equal to or greater than the greater of (A) 10.0% of the Line Cap then in effect and (B) $42,500,000, at all times for a period of 30 consecutive days and (ii) any such Specified Event of Default is no longer continuing.
Cash Dominion Period. (a) each period when an Event of Default shall have occurred and be continuing and (b) each period beginning on a date on which Availability is less than the greater of (i) 25% of the Total Revolving Credit Commitments and (ii) $18,750,000; provided that any Cash Dominion Period commencing under this clause (b) shall be discontinued when and if Availability shall be greater than such specified level for 60 consecutive days, provided further, however, that a Cash Dominion Period may be discontinued no more than twice in any period of 12 consecutive months.