Inspection Trigger Event definition
Inspection Trigger Event means either (a) the occurrence of an Event of Default or (b) Availability at any time is less than the greater of (i) $18,000,000 and (ii) 20.0% of the ABL Line Cap.
Inspection Trigger Event means either (a) an Event of Default occurs or (b) Availability at any time is less than the greater of (i) $18,000,000 and (ii) 20.0% of the Line Cap for a period of five (5) consecutive days.
Inspection Trigger Event. (a) an Event of Default occurs or (b) Availability (calculated without regard to the Availability Block) at any time is less than the greater of (i) 15% of the Borrowing Base and (ii) $10,000,000. Intellectual Property: all intellectual property of a Person, including inventions, designs, patents, copyrights, trademarks, service marks, trade names, trade secrets, confidential or proprietary information, customer lists, know-how, software and databases; all embodiments or fixations thereof and all related documentation, applications, registrations and franchises; all licenses or other rights to use any of the foregoing; and all books and records relating to the foregoing.
Examples of Inspection Trigger Event in a sentence
Inspection Trigger Event: (a) an Event of Default occurs or (b) Availability at any time is less than the greater of (A) 20% of the Commitment and (B) $4,000,000.
Inspection Trigger Event: (a) an Event of Default occurs or (b) Availability at any time is less than the greater of (A) 20% of the Commitment and (B) $4,000,0006,000,000.
More Definitions of Inspection Trigger Event
Inspection Trigger Event. (a) an Event of Default occurs or (b) Availability at any time is less than the greater of (i) 15% of the Revolver Commitments and (ii) $16,500,000. Instrument: as defined in Section 1.3.