Increased Reporting Event definition

Increased Reporting Event means if at any time Excess Availability is less than the greater of (a) 15% of the Line Cap, and (b) $15,000,000.

Increased Reporting Event means if at any time Availability is less than the greater of (a) 15% of the Maximum Revolver Amount, and (b) $4,500,000.

Increased Reporting Event means if at any time Excess Availability is less than 15% of the Maximum Revolver Amount.

Examples of Increased Reporting Event in a sentence

• Notwithstanding the foregoing, if an Increased Reporting Event has occurred and is continuing, instead of providing the Agent with a Borrowing Base Certificate on a monthly basis, the Borrower shall provide the Agent with a Borrowing Base Certificate on a weekly basis, on Wednesday of each week (as of the immediately preceding Saturday), commencing with the week in which the Increased Reporting Event occurs.

• The Department shall use its best efforts to ensure that payments for amounts billed hereunder shall be paid so that such payments are received by the Seller by the last Business Day of the Invoice Month or the 10th day after receipt of the xxxx, whichever is later.

• Capacity, Disconnects, Fault Current Ratings, Ground Fault Protection 32Chapter 4 – Equipment on Member Premises401.

• The Borrower Parties hereby acknowledge and agree that an Increased Reporting Event has occurred and is continuing.

More Definitions of Increased Reporting Event

Increased Reporting Event means any period when a Liquidity Condition has occurred and is continuing.

Increased Reporting Event means if at any time Availability is less than the greater of (a) 15% of the Line Cap and (b) $14,062,500.

Increased Reporting Event means if Availability is less than 12% of the Borrowing Base then in effect.

Increased Reporting Event set forth in Section 1.1 of the Credit Agreement is hereby deleted in its entirety and the following substituted therefor:

Increased Reporting Event means if at any time Liquidity is less than the greater of (a) 33.33% of the Line Cap, and (b) $20,000,000.

Increased Reporting Event means (a) the Book Value of the Loan Parties’ Inventory is less than $2,500,000,000, and (b) the failure of the Borrowers to maintain Specified Availability at least equal to twenty percent (20%) of the Loan Cap. For purposes of this Agreement, the occurrence of an Increased Reporting Event shall be deemed continuing until the Book Value has exceeded $2,500,000,000 or Specified Availability has exceeded twenty percent (20%) of the Loan Cap, in all cases, for thirty (30) consecutive calendar days, in which case an Increased Reporting shall no longer be deemed to be continuing for purposes of this Agreement. The termination of an Increased Reporting Event as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Increased Reporting Event in the event that the conditions set forth in this definition again arise

Increased Reporting Event means if at any time Availability is less than the greater of (a) 15% of the Borrowing Limit, and (b) $20,250,000.