CASH MANAGEMENT TRIGGER means (i) the existence of an Event of Default, (ii) the bankruptcy or insolvency of Borrower or Manager, or (iii) Lender's determination that the Debt Service Coverage Ratio for the preceding six (6) months annualized is less than or equal to 1.25 to 1.0.
CASH MANAGEMENT TRIGGER means (i) provided the Clearing Bank Option has not been exercised and implemented, if the Loan has not been repaid on or before the Payment Date that is three (3) calendar months prior to the Anticipated Repayment Date, however, if the Clearing Bank Option has been exercised and implemented, if the Loan has not been repaid on or before the Payment Date that is one (1) calendar month prior to the Anticipated Repayment Date, or (ii) Lender's determination that the Debt Service Coverage Ratio for the preceding twelve (12) months annualized is less than or equal to 1.1 to 1.0.
CASH MANAGEMENT TRIGGER means (i) the existence of an Event of Default, (ii) the bankruptcy or insolvency of Borrower, Manager, Anchor Tenant or Anchor Lease Guarantor, (iii) Lender’s determination that the credit rating of Anchor Lease Guarantor by any Rating Agency shall be below investment grade, (iv) the earlier of the date on which Borrower receives notice that Anchor Tenant has elected not to renew the Anchor Tenant Lease at the end of the initial term thereof and (provided Anchor Tenant has not elected to renew the Anchor Tenant Lease) the date which is twelve (12) months prior to the expiration date of the initial term of the Anchor Tenant Lease, or (v) Borrower’s failure to repay the Debt on or before the Anticipated Repayment Date.
More Definitions of CASH MANAGEMENT TRIGGER
CASH MANAGEMENT TRIGGER means (i) the existence of an Event of Default, (ii) the bankruptcy or insolvency of Borrower, Manager, Anchor Tenant or Anchor Lease Guarantor, (iii) Lender’s determination that the credit rating of Anchor Lease Guarantor by any Rating Agency shall be below investment grade, or (iv) Borrower’s failure to repay the Debt on or before the Anticipated Repayment Date.
CASH MANAGEMENT TRIGGER means August 1, 2008.
CASH MANAGEMENT TRIGGER means (i) the existence of an Event of Default, (ii) the bankruptcy or insolvency of Borrower or Manager, or (iii) Lender’s determination that the Debt Service Coverage Ratio for the preceding six (6) months annualized is less than or equal to 1.25 to 1.0.
CASH MANAGEMENT TRIGGER means May 1, 2011.
CASH MANAGEMENT TRIGGER means (i) if the Loan has not been repaid on or before the Payment Date that is one (1) calendar month prior to the Anticipated Repayment Date (ii) an Event of Default has occurred, (iii) the bankruptcy or insolvency of Borrower, the Property Manager or Tenant, or (iv) Tenant ceases to operate its business at the Property.
CASH MANAGEMENT TRIGGER means (i) the existence of an Event of Default, (ii) the bankruptcy or insolvency of Borrower, Manager or Anchor Tenant, (iii) Lender’s determination that the Debt Service Coverage Ratio for the preceding six (6) months annualized is less than or equal to 1.25 to 1.0, (iv) the Cisco Lease expiring May 31, 2011 is not renewed on or before June 1, 2010, (v) the Lockheed Lease Suite 500 & 600 expiring February 28, 2013 is not renewed on or before March 1, 2012, or (vi) the Lockheed Lease Suite 300 is not renewed on or before January 1, 2011.
CASH MANAGEMENT TRIGGER means Lender’s determination that the Aggregate Debt Service Coverage Ratio for the preceding twelve (12) months is less than or equal to 1.45 to 1.0, provided, however, no Cash Management Trigger shall be deemed to exist if within ten (10) Business Days of Lender’s notice to Borrower that such a Cash Management Trigger has occurred, Borrower delivers to Lender a DSCR Mitigant, which shall be held as additional collateral for the Loan until repaid in full.