Examples of Cash Management Event in a sentence
Prior to the occurrence of a Cash Management Event, Borrower shall pay to Lender or Lender's designee or to an account identified by Lender or Lender's designee on or prior to each Payment Date, the Required Debt Service Payment for such Payment Date, the Basic Carrying Costs Monthly Installment for the Interest Accrual Period immediately preceding such Payment Date and the Capital Reserve Monthly Installment for the Interest Accrual Period immediately preceding such Payment Date.
The Lessee shall pay promptly as Supplemental ----------------- Rent shall become due and payable (a) after the occurrence and during the continuance of a Cash Management Event, to the Collection Account and (b) so long as that a Cash Management Event is not continuing, any and all Supplemental Rent payable pursuant to the Nomura Loan Agreement, to the Lender, Lender's designee or to such parties as set forth in the Nomura Loan Agreement, and all other Supplemental Rent to the Lessor.
Prior to the occurrence of a Cash Management Event, Borrowers shall be permitted to transfer cash from the Blocked Accounts and to use funds therein for working capital and general corporate purposes to the extent permitted herein.
From and after the earliest to occur of (i) the occurrence of an Event of Default, (ii) the Borrowers’ failure to pay any Property Imposition prior to the due date therefor and (iii) the occurrence of a Cash Management Event, on each Payment Date thereafter, Borrowers shall deposit with Administrative Agent an amount equal to 1/12th of the amount that Administrative Agent reasonably estimates will be required to pay the next annual payment of Property Impositions with respect to each Individual Property.
Cash Management Event - shall have the meaning ascribed to it in Section 8.2.5(ii).