Dominion Period Trigger means the occurrence of (x) an Event of Default, (y) Excess Availability being less than 10.0% of the Total Revolving Loan Commitment at any time, or (z) Domestic Availability being less than $20,000,000 at any time.
Dominion Period Trigger means the occurrence of (x) an Event of Default, (y) Excess Availability at any time being less than 10.0the greater of (i) 10% of the lesser of (A) the Total Revolving Loan Commitment at any time, and (B) the Borrowing Base, and (ii) $10,000,000, or (z) Domestic Availability at any time being less than the greater of (i) 20% of the lesser of (A) the Total Revolving Loan Commitment, and (B) the Borrowing Base, and (ii) $20,000,000 at any time.
Examples of Dominion Period Trigger in a sentence
For the avoidance of doubt, upon the occurrence of a Dominion Period Trigger, the Fixed Charge Coverage Ratio shall be tested for the most recent Fiscal Quarter ending prior to such Dominion Period Trigger, the Fiscal Quarter in which the Dominion Period Trigger occurred, and any Fiscal Quarter thereafter to the extent a Dominion Period is continuing on the last day of such Fiscal Quarter.