Examples of Streamline Period in a sentence
Subject to Bank’s right to maintain a reserve pursuant to Section 6.3(d), all amounts received in the Cash Collateral Account shall be (i) when a Streamline Period is not in effect, applied to immediately reduce the Obligations under the Revolving Line (unless Bank, in its sole discretion, at times when an Event of Default exists, elects not to so apply such amounts), or (ii) when a Streamline Period is in effect, transferred on a daily basis to Borrower’s operating account with Bank.
The I-94 CMP identified a total of eight potential new interchange locations within the CMP study area between Maple Grove and Collegeville Township.
On or prior to the Business Day immediately preceding the commencement of the Streamline Period, Borrower will pay to Bank, by wire transfer, an amount sufficient to repay in full all outstanding Advances, all accrued interest thereon, and all other outstanding monetary Obligations.
During a Streamline Period, Borrowers may not request any Advances, and Bank shall have no obligation to make any Advances.
A Streamline Period may not be put into effect if there are outstanding Obligations in connection with Cash Management Services in excess of $500,000.