Examples of Market Trigger Event in a sentence
Notwithstanding the foregoing, no Unused Fees shall (i) be payable on any portion of the Commitment of any Lender to the extent Utilization Fees were payable thereon and (ii) be payable for any day on which a Market Trigger Event has occurred and is continuing (with written notice of such Market Trigger Event provided to the Administrative Agent).
On and as of the Advance Date, immediately after giving effect to such Advance and the transactions related thereto, including the use of proceeds thereof, no Market Trigger Event has occurred and is continuing.
Following the occurrence and during the continuance of a Market Trigger Event, no Loan Party shall withdraw any amounts held in the Collection Account without the approval of the Administrative Agent (acting at the direction of the Majority Lenders).