Definition of Partial Investment Trigger


Partial Investment Trigger means the occurrence of the Liquidity (calculated as an average of the previous five Business Days) of the Borrower and the other Loan Parties, taken as a whole, as of the last Business Day of any calendar week being less than $3,500,000.
Sample 1

Examples of Partial Investment Trigger in a sentence

Pursuant to the Backstop Agreement, if Holdings is unable to satisfy its obligations under the Investment Agreement with cash on hand upon the occurrence of a Partial Investment Trigger or a Full Investment Trigger, the Sponsors have agreed to fund Holdings' shortfall in providing the Committed Amount by contributing each Sponsor's respective pro-rata portion of the shortfall to Holdings or, at the election of each Sponsor, directly to SXE.