Daily Reporting Period definition

Daily Reporting Period means the period (a) beginning on the fifth (5th) Business Day after the date (or, if an Event of Default has occurred and is continuing, on the date), if any, on which the Administrative Agent (in its sole discretion) delivers written notice to the Servicer stating that the Servicer shall be required to deliver Daily Reports hereunder, and (b) ending on the date, if any, designated by the Administrative Agent (in its sole discretion) by written notice to the Servicer.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Daily Reporting Period means any Level 3 Ratings Period.

Daily Reporting Period means (i) the period beginning on the fifth (5th) Business Day after the date, if any, on which the Administrative Agent delivers a notice in writing to the Servicer that it is then requiring the delivery of Daily Reports hereunder, which notice shall not be delivered prior to the occurrence of a Level II Ratings Event, and ending on the date on which the Administrative Agent (acting in its sole discretion) delivers a notice in writing to the Servicer that it is no longer requiring the delivery of Daily Reports or (ii) any date on which an Event of Default or Unmatured Event of Default is then continuing.

Examples of Daily Reporting Period in a sentence

Upon the request of the Administrative Agent at any time that a Daily Reporting Period, Unmatured Event of Default or Event of Default is then continuing, the Servicer shall identify and segregate any Collections on Ineligible Dexcom Receivables apart from other Collections within two (2) Business Days of receipt of such Collections on Ineligible Dexcom Receivables.
Upon the request of the Administrative Agent at any time that a Daily Reporting Period, Unmatured Event of Default or Event of Default is then continuing, the Seller shall identify and segregate any Collections on Ineligible Dexcom Receivables apart from other Collections within two (2) Business Days of receipt of such Collections on Ineligible Dexcom Receivables.
Upon the request of the Administrative Agent at any time that a Daily Reporting Period, Unmatured Event of Default or Event of Default is then continuing, it shall identify and segregate any Collections on Ineligible Dexcom Receivables apart from other Collections within two (2) Business Days of receipt of such Collections on Ineligible Dexcom Receivables.

More Definitions of Daily Reporting Period

Daily Reporting Period means the period beginning on the first Business Day after the current published rating by S&P or ▇▇▇▇▇’▇ of International Paper’s long-term senior unsecured non-credit-enhanced debt is less than BB from S&P or is less than Ba2 from ▇▇▇▇▇’▇.

Daily Reporting Period means any period during which the Debt Rating shall be [BB] or lower by S&P or [Ba2] or lower by Moody's or shall not be rated by S&P or by Moody's.

Daily Reporting Period means any period during which PSE’s Debt Rating shall be B or lower by S&P, or B2 or lower by ▇▇▇▇▇’▇.

Daily Reporting Period means any time (a) during which both (i) the senior unsecured long-term debt rating of the Parent is rated below BBB- by S&P or Baa3 by ▇▇▇▇▇'▇ or the Parent ceases to have a published senior unsecured long-term debt rating by S&P or ▇▇▇▇▇'▇ and (ii) the Facility Principal is in excess of 50% of the lesser of (A) the Facility Amount then in effect and (B) the Borrowing Base or (b) the Borrower or Servicer has designated to the Program Agent in writing as a "Daily Reporting Period".

Daily Reporting Period means any period during which WORLDCOM's long-term public senior unsecured and unguaranteed debt securities shall be rated BB or lower by S&P or Ba2 or lower by Moody's or shall not be rated by S&P or by Moody's.

Daily Reporting Period each have the meaning specified in the Financing Agreement.

Daily Reporting Period means (i) any period during which EDS’ Debt Rating is less than BB+ by S&P or less than Ba1 by ▇▇▇▇▇’▇ or (ii) so long as EIS is the Collection Agent and a Daily Reporting Period is not otherwise in effect pursuant to clause (i) of this definition, any period commencing on the Business Day designated in a notice given by the Collection Agent to the Agent, which notice (x) states that the Collection Agent has elected to commence a period during which Daily Reports will be required to be provided under Section 6.02(g)(iii) and (y) is accompanied by five completed Daily Reports for the five Business Days preceding the date the notice is given, and ending on the Business Day designated in a subsequent notice given by the Collection Agent to the Agent, which notice states that the Collection Agent has elected to terminate such optional period during which Daily Reports will be required to be provided under Section 6.02(g)(iii).”