Cavalier Condition definition
Cavalier Condition means (i) the receipt by the Cavalier Borrower of at least $100,000,000 in gross proceeds pursuant to a borrowing under the Cavalier Credit Agreement, (ii) the receipt by Alliance Minerals, LLC from the Cavalier Borrower of at least $96,000,000 in the form of a return of capital and receipt by the Borrower of such $96,000,000 from Alliance Minerals, LLC, (iii) the application of such $96,000,000 as a prepayment of Revolving Credit Advances on or about May 13, 2017 so as to result in unused aggregate Revolving Credit Commitments of at least $100,000,000 on May 13, 2017, and (iv) the receipt by the Administrative Agent of written confirmation from the Borrower of the foregoing.
Cavalier Condition means (i) the receipt by the Cavalier Borrower of at least $100,000,000 in gross proceeds