DSCR Cash Management Period definition

DSCR Cash Management Period. 1.1 (Definition of Cash Management Period) “Easements” - 4.14 “Embargoed Person” - 5.31(c) “Endorsement” - 5.26.2 “Environmental Laws” - 4.21
Sample 1
DSCR Cash Management Period means the period commencing as of any Calculation Date that the Debt Service Coverage Ratio for the Quarter immediately preceding such Calculation Date is less than 1.50:1.0, and ending upon the earlier to occur of (i) the Calculation Date that Agent determines that the Debt Service Coverage Ratio was equal to or exceeded 1.50:1.0 for the two consecutive Quarters immediately preceding such Calculation Date or (ii) the date upon which Borrowers make a partial prepayment of principal pursuant to Section 3.4(d) within ten (10) Business Days after Agent notifies Borrowers that such DSCR Cash Management Period has commenced, resulting in the Debt Service Coverage Ratio being increased to not less than 1.50:1.0.
Sample 1Sample 2
DSCR Cash Management Period. 1.1 (Definition of Cash Management Period). “Easements” - 4.14 “Endorsement” - 5.26 “Environmental Laws” - 4.21 “Equipment” - Mortgage “Event of Default” - 8.1 “Exchange Act” - 9.1.2 “Fitch” - 1.1 (Definition of Rating Agency) “GCM Group” - 9.1.3 “Government Lists” - 5.31 “Hazardous Substances” - 4.21 “Improvements” - Mortgage “Indemnified Liabilities” - 5.30 “Indemnified Party” - 5.30 “Independent Director” - Schedule 5 “Insurance Premiums” - 7.1.2 “Insured Casualty” - 7.2.2 “Intercreditor Agreement” - 1.1 (Definition of Approved Mezzanine Loan) “Issuer” - 9.1.3
Sample 1

Examples of DSCR Cash Management Period in a sentence

  • This report sets out a proposal to enter into shared services arrangement between the Greater London Authority (GLA) and Transport for London (TfL), whereupon TfL will provide Estate Management services to the GLA.

  • I .2 "DSCR Cash Management Period" - 1.1 (Definition of Cash Management Period) "Easements " - 4.14 "Embargoed Person " - 5.31 (c) "Endorsement " - 5.26.2 "Environmental Laws " - 4.21 'Equipment " - Mortgage "Event of Default " - 8.

  • The Third Circuit described the healthcare market as being “represented by a two-stage model of competition” where “hospitals compete to be included in an insurance plan’s hospital network” and “to attract individual members of an insurer’s plan.” Id.

  • Cash Management Period: shall commence upon Lender giving notice to the Clearing Bank of the occurrence of any of the following: (i) the Stated Maturity Date, (ii) a Default or an Event of Default, or (iii) if, as of any Calculation Date, the Debt Service Coverage Ratio is less than 1.05:1 (a "DSCR Cash Management Period''); and shall end upon Lender .

  • Borrower shall not make any Distributions (a) during a DSCR Cash Management Period, or during the continuance of a Default or Event of Default, (b) if such Distribution would cause an a DSCR Cash Management Period, Default or Event of Default or (c) if all Operating Expenses due and owing have not been paid.


More Definitions of DSCR Cash Management Period

DSCR Cash Management Period. 1.1 (Definition of Cash Management Period) “Easements” - 4.14 “Eligible Account” - Deposit Account Agreement “Endorsement” - 5.26 “Environmental Laws” - 4.21 “Equipment” - Mortgage “Event of Default” - 8.1 “Exchange Act” - 9.1.2 “Fitch” - 1.1 (Definition of Rating Agency) “Government Lists” - 5.31 “Hazardous Substances” - 4.21 “Improvements” - Mortgage “Indemnified Liabilities” - 5.30 “Indemnified Party” - 5.30 “Independent Director” - Schedule 5 “Initial Rollover Deposit” - 3.5.1 “Insurance Premiums” - 7.1.2 “Insured Casualty” - 7.2.2 “Key Principal Estate” - 1.1 (Definition of Permitted Transfers) “Key Principal Estate Planning Transferee” - 1.1 (Definition of Permitted Transfers) “Late Payment Charge” - 2.5.3 “Lender’s Consultant” - 5.8.2 “Liabilities” - 9.1.3 “Licenses” - 4.11 “Loan” - 2.1 “Monthly Debt Service Payment Amount” - 2.2.1 “Monthly Interest Payment Amount” - 2.2.1 “Moody’s” - 1.1 (Definition of Rating Agency) “Mortgage” - 1.1 (Definition of Loan Documents) “New Payment Date” - 2.2.4 “Note” - 1.1 (Definition of Loan Documents) “Notice” - 6.1 “O & M Program” - 5.8.3 “OFAC’ - 5.31 “Ongoing Rollover Deposit” - 3.5.1 “Operating Expense Subaccount” - 3.6 “Patriot Act” - 5.31” “Patriot Act Offense” - 5.31 “Permitted Indebtedness” - 5.22 “Permitted Investments” - Deposit Account Agreement “Permitted Prepayment Date” - 2.3.4 16
Sample 1
DSCR Cash Management Period and shall end upon Lender giving the Clearing Bank written notice of the termination of such Cash Management Period, which termination notice the Lender shall only be required to give if (1) the Loan and all other obligations under the Loan Documents have been repaid in full or (2) the Stated Maturity Date has not occurred and (A) with respect for the matters described in clause (ii) above, such Event of Default has been cured or waived by Lender and no other Event of Default has occurred and is continuing or (B) with respect to the matter described in clause (iii) above, Lender has determined that the Property has achieved a Debt Service Coverage Ratio of at least 1.20:1 for two (2) consecutive Calculation Dates.
Sample 1

Related to DSCR Cash Management Period

  • Cash Management Reserves means such reserves as the Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Cash Management Obligation means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person under or in respect of a Cash Management Agreement.

  • Cash Management Obligations means (a) obligations in respect of any treasury management services, overdraft and related liabilities arising from treasury, depository, cash pooling arrangements and cash management services or any automated clearing house transfers of funds and (b) other obligations in respect of netting services, employee credit, commercial credit card, debit card, stored value card or purchase card programs and similar arrangements.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01(e).

  • Cash Manager means Royal Bank of Canada, in its capacity as cash manager under the Cash Management Agreement together with any successor cash manager appointed from time to time;

  • Cash Management Order means an order of the Bankruptcy Court, in form and substance acceptable to the Required Lenders, (i) approving and authorizing the Loan Parties to use existing cash management system, (ii) authorizing and directing banks and financial institutions to honor and process checks and transfers, (iii) authorizing continued use of intercompany transactions, (iv) waiving requirements of Section 345(b) of the Bankruptcy Code and (v) authorizing the Loan Parties to use existing bank accounts and existing business forms.

  • Cash Management Agreements means any agreement providing for treasury, depository, purchasing card or cash management services, including in connection with any automated clearing house transfer of funds or any similar transaction entered into in the ordinary course of business.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • Treasury Management Obligations means, collectively, all obligations and other liabilities of any Loan Parties pursuant to any agreements governing the provision to such Loan Parties of treasury or cash management services, including deposit accounts, funds transfer, automated clearing house, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(d) to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.