Reporting Trigger Event definition

Reporting Trigger Event means the occurrence of the date on which Availability, for a period of three (3) consecutive Business Days, has been less than 15% of the Total Commitment.

Reporting Trigger Event the occurrence of any of the following: (a) Availability falls below the sum of (i) the greater of (1) 20% of the Borrowing Base then in effect (for three consecutive days) and (2) $50,000,000 (which amount is subject to increase as provided in Section 1.4) plus (ii) the amount of FILO Loans outstanding or (b) a Default or an Event of Default.

Reporting Trigger Event means as of any Business Day after the Closing Date (a) an Event of Default shall have occurred and is continuing and/or (b) Excess Availability shall as of any date (or, in the case only of Sections 5.07(c), 9.02(f), or 9.03(c), for a period of three (3) consecutive Business Days) be less than the greater of (i) $110,000,000 (or, on and after the Specified Incremental Commitment Availability Date, $115,000,000) and (ii) 12.5% of the lesser of (A) the Total Revolving Commitment and (B) the then-applicable Total Borrowing Base.

Examples of Reporting Trigger Event in a sentence

• After the occurrence of a Reporting Trigger Event and until such time as a Reporting Trigger Event has not existed for 30 consecutive days, Borrowers shall, on or before 10:00 p.m. on the second Business Day of each week, deliver to Agent (and Agent shall promptly deliver same to Lenders) a Borrowing Base Certificate prepared as of the close of business of Friday of the immediately preceding week, and at such other times as Agent may reasonably request.

• Prior to the occurrence of a Reporting Trigger Event (and after a Reporting Trigger Event has not existed for 30 consecutive days), Borrowers shall, by the 12th Business Day of each month, deliver to Agent (and Agent shall promptly deliver same to Lenders) a Borrowing Base Certificate prepared as of the close of business of the previous month, and at such other times as Agent may reasonably request.

• Traditional Chinese ethics (in particular, Confucian ethics) emphasizes the moral code between friends rather than a random stranger, resulting in a large emotional or moral cost only between friends.Both sorts of emotional costs help to prevent limited commitment problem between friends, as a result, people will prefer to share risk only with friends rather than non-friends.

• The fixed Dollar component of Availability tests set forth in the definitions of "Cash Dominion Trigger Event", "Pro Forma Basis" (in the penultimate paragraph of such definition) and "Reporting Trigger Event" and in Sections 9.2.6(d)(vi) and 9.3.1 shall be automatically increased ratably with increases in the Commitments after the Closing Date such that such fixed Dollar component shall be increased by the same percentage as the percentage increase in the Commitments.

• Prior to the occurrence of each Collateral Reporting Trigger Event, the Loan Parties shall deliver to the Administrative Agent an updated Borrowing Base Certificate reflecting such Collateral Reporting Trigger Event on a pro forma basis and demonstrating that upon giving effect to such Collateral Reporting Trigger Event, (A) the Total Revolving Outstandings will not exceed the Line Cap and (B) the Borrowers will be in compliance with the applicable Financial Covenant.

More Definitions of Reporting Trigger Event

Reporting Trigger Event as of any date of determination, that (a) an Event of Default has occurred as of such date, or (b) the sum of Availability plus Qualified Cash is less than $60,000,000 as of such date.

Reporting Trigger Event means as of any Business Day after the Closing Date (a) an Event of Default shall have occurred and is continuing and/or (b) Excess Availability shall as of any date (or, in the case only of Sections 5.07(c), 9.02(f), or 9.03(c), for a period of three

Reporting Trigger Event set forth in Section 1.1 of the Loan Agreement is hereby deleted in its entirety.

Reporting Trigger Event means either (a) an Event of Default shall exist or have occurred and be continuing or (b) Excess Availability is less than $5,000,000 for any period of three (3) consecutive Business Days; provided, that, any such Reporting Trigger Event resulting solely from this clause (b) shall cease to exist to the extent that Excess Availability is greater than or equal to $5,000,000 for sixty (60) consecutive days during any applicable period after the occurrence of such Reporting Trigger Event and no other Reporting Trigger Event then exists as of such sixtieth (60th) day.

Reporting Trigger Event means, as of any date, that (a) an Event of Default has occurred and is continuing as of such date or (b) Excess Availability on such date is below (i) 12.5% of the Maximum Revolver Amount from the First Amendment Effective Date until and including December 31, 2012, and (ii) 20% of the Maximum Revolver Amount thereafter.

Reporting Trigger Event means either of (a) the occurrence of an Event of Default, or (b) Availability being less than the greater of (i) $22,000,000 and (ii) 20% of the Line Cap at any time.

Reporting Trigger Event has the meaning assigned to such term in Section 5.01.