Cash Sweep Trigger Date definition

Cash Sweep Trigger Date means any date (a) on which an Event of Default occurs or (b) on which Excess Availability falls below twelve and a half percent (12.5%) of the Revolving Credit Commitment, for more than three (3) consecutive Business Days.
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Cash Sweep Trigger Date means the earlier to occur of (i) the last day of the Commitment Period (as defined in the Operating Agreement), and (ii) the first date on which the sum of the aggregate Eligible Included Unfunded Commitments of the Included Investors plus the aggregate Eligible Designated Unfunded Commitments of the Designated Investors is equal to or less than the Principal Obligation.September 19, 2017.
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Cash Sweep Trigger Date means September 19, 2017.
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More Definitions of Cash Sweep Trigger Date

Cash Sweep Trigger Date means any date (a) that the Borrowers fail to maintain Availability of not less than (i) $35,000,000 at all times during the months of January, February, March, April, May and June of each year, and (ii) $25,000,000 at all times during the months of July, August, September, October, November and December of each year, or (b) at the discretion of the Agent or at the direction of the Required Lenders, following the occurrence of any Event of Default. Notwithstanding the foregoing, no more frequently than two (2) times in any calendar year, no Cash Sweep Trigger Date shall be deemed to have occurred so long as within five (5) days from the occurrence of any Cash Sweep Trigger Date (a "Cure Period"), the Borrowers shall deliver evidence to the Agent and the Co-Agent, in form and substance satisfactory to the Agent and the Co-Agent, that Availability, as of the last day during the Cure Period is not less than (a) $35,000,000 if such days occur during the months of January, February, March, April, May and June and (b) $25,000,000 if such days occur during the months of July, August, September, October, November and December; provided, that no Default or Event of Default shall exist or be continuing on such date.
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Cash Sweep Trigger Date means any date (a) that the Borrowers fail to maintain Availability (without giving effect to the Xxxxxxx Obligation Reserve) of not less than (i) $35,000,000 at all times during the months of January, February, March, April, May and June of each year, and (ii) $25,000,000 at all times during the months of July, August, September, October, November and December of each year, or (b) at the discretion of the Agent or at the direction of the Required Lenders, following the occurrence of any Event of Default. Notwithstanding the foregoing, no more frequently than two (2) times in any calendar year, no Cash Sweep Trigger Date shall be deemed to have occurred so long as within five (5) days from the occurrence of any Cash Sweep Trigger Date (a "Cure Period"), the Borrowers shall deliver evidence to the Agent, in form and substance satisfactory to the Agent, that Availability (without giving effect to the Xxxxxxx Obligation Reserve), as of the last day during the Cure Period is not less than (a) $35,000,000 if such days occur during the months of January, February, March, April, May and June and (b) $25,000,000 if such days occur during the months of July, August, September, October, November and December; provided, that no Default or Event of Default shall exist or be continuing on such date.
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Related to Cash Sweep Trigger Date

  • Cash Sweep Period means each period commencing on the occurrence of a Cash Sweep Event and continuing until the earlier of (a) the Payment Date next occurring following the related Cash Sweep Event Cure, or (b) until payment in full of all principal and interest on the Loan and all other amounts payable under the Loan Documents.

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

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

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

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.

  • Trigger Period means the period commencing 60 days prior to the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as either of the Rating Agencies has publicly announced that it is considering a possible ratings change).

  • Auto-Call Trigger Event means an event which occurs if, in the determination of the Calculation Agent, the Index Performance as of the Valuation Time on an Auto-Call Valuation Date is greater than or equal to the relevant Auto-Call Trigger Level.

  • 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.

  • Ratings Decline Period means the period that (i) begins on the earlier of (a) the date of the first public announcement of the occurrence of a Change of Control and (b) the occurrence of a Change of Control and (ii) ends 90 days following consummation of such Change of Control; provided that such period shall be extended for so long as the rating of the Notes, as noted by the applicable Rating Agency, is under publicly announced consideration for downgrade by the applicable Rating Agency.

  • Cumulative Loss Trigger Event If, with respect to any Distribution Date, 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 Due 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 March 2008 through February 1.400% for the first month, plus an additional 2009 1/12th of 1.750% for each month thereafter (e.g., 2.275% in September 2008) March 2009 through February 3.150% for the first month, plus an additional 2010 1/12th of 1.750% for each month thereafter (e.g., 4.025% in September 2009) March 2010 through February 4.900% for the first month, plus an additional 2011 1/12th of 1.400% for each month thereafter (e.g., 5.600% in September 2010) March 2011 through February 6.300% for the first month, plus an additional 2012 1/12th of 0.750% for each month thereafter (e.g., 6.675% in September 2011) March 2012 and thereafter 7.050%

  • Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • Moody’s Second Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-2”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A3”.

  • Moody’s First Trigger Ratings Threshold means, with respect to Party A, the guarantor under an Eligible Guarantee or an Eligible Replacement, (i) if such entity has a short-term unsecured and unsubordinated debt rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A2” and a short-term unsecured and unsubordinated debt rating from Moody’s of “Prime-1”, or (ii) if such entity does not have a short-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s, a long-term unsecured and unsubordinated debt rating or counterparty rating from Moody’s of “A1”.

  • Swap Provider Trigger Event A Swap Termination Payment that is triggered upon: (i) an Event of Default under the Interest Rate Swap Agreement with respect to which the Swap Provider is a Defaulting Party (as defined in the Interest Rate Swap Agreement), (ii) a Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party (as defined in the Interest Rate Swap Agreement) or (iii) an Additional Termination Event under the Interest Rate Swap Agreement with respect to which the Swap Provider is the sole Affected Party.

  • Liquidity Provider Ratings Event Termination Date means the date established by the Tender and Paying Agent, acting upon instructions of the Fund pursuant to the Tender and Paying Agent Agreement, for termination of the VRDP Purchase Agreement upon the occurrence of a Liquidity Provider Ratings Event, which date shall be not less than 16 days nor more than 30 days following such Liquidity Provider Ratings Event.

  • Net Proceeds Offer Trigger Date has the meaning set forth in Section 4.16.

  • Required Ratings Downgrade Event means that no Relevant Entity has credit ratings at least equal to the Required Ratings Threshold.

  • Final Trigger Level means 85.00%, being a percentage against which the performance of the Index will be measured in order to determine the Final Redemption Amount.

  • Sequential Trigger Event With respect to any Distribution Date, a Sequential Trigger Event is in effect if (a) with respect to any Distribution Date occurring before July 2009, the circumstances in which the aggregate amount of Realized Losses incurred since the Cut-off Date through the last day of the related Prepayment Period divided by the aggregate Stated Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds 0.20% and (b) with respect to any Distribution Date occurring in or after July 2009, a Trigger Event is in effect.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Load Reduction Event means a reduction in demand by a Member or Special Member for the purpose of participating in the PJM Interchange Energy Market.

  • Auto-Call Trigger Level means the level set out below for the relevant Auto-Call Valuation Date (i.e. as shown in the same row as that date):

  • LCA Test Date has the meaning assigned to such term in Section 1.06.