Trigger Period definition

Trigger Period means the 60-day period commencing on the earlier of (i) the occurrence of a Change of Control or (ii) the first public announcement of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control (which Trigger Period will be extended so long as the ratings of the Notes are under publicly announced consideration for possible downgrade by any two of the three Rating Agencies); provided that the Trigger Period will terminate with respect to each Rating Agency when such Rating Agency takes action (including affirming its existing ratings) with respect to such Change of Control.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Trigger Period means the period commencing 60 days prior to the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as either of the Rating Agencies has publicly announced that it is considering a possible ratings change).

Examples of Trigger Period in a sentence

During the occurrence and continuance of a Trigger Period, all Excess Cash Flow shall be deposited with Depository, into an account designated by Lender (the “Excess Cash Flow Account”) in accordance with Section 11.2(b) hereof.
All such amounts shall be held by Depository in the Excess Cash Flow Account until released in accordance with this Section 5.4. Lender shall cause all amounts held in the Excess Cash Flow Account to be released to Borrower within ten (10) Business Days after the termination of the Trigger Period.
As long as any Revolver Commitment or Obligation is outstanding, Obligors shall maintain a Consolidated Fixed Charge Coverage Ratio for each Measurement Period of at least 1.0 to 1.0 while an FCCR Trigger Period is in effect, measured for the most recent Measurement Period for which financial statements were delivered hereunder prior to the FCCR Trigger Period and each period ending thereafter until the FCCR Trigger Period is no longer in effect.
Upon the first occurrence of a Trigger Period and in accordance with the Clearing Account Agreement, Borrower shall, or shall cause Manager to, deliver written instructions (which instructions can be revoked only by Lender upon the termination of the Trigger Period) to all tenants under Leases to deliver all Rents and Profits payable thereunder directly to the Clearing Account.
The ledger balance in the main Dominion Account as of the end of a Business Day shall be applied to the applicable Obligations (other than the Secured Bank Product Obligations) at the beginning of the next Business Day (with respect to the Obligations of US Borrowers during any Dominion Trigger Period).

More Definitions of Trigger Period

Trigger Period shall have the meaning set forth in the Mortgage Loan Agreement.

Trigger Period means the 60-day period commencing on the earlier of (i) the occurrence of a Change of Control or (ii) the first public announcement of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control (which Trigger Period will be extended so long as the ratings of the applicable notes are under publicly announced consideration for possible downgrade by any two of the three Rating Agencies); provided that the Trigger Period will terminate with respect to each Rating Agency when such Rating Agency takes action (including affirming its existing ratings) with respect to such Change of Control.

Trigger Period shall commence upon the occurrence of (i) an Event of Default or (ii) the commencement of a Low Debt Yield Period; and shall end if, (A) with respect to a Trigger Period continuing pursuant to clause (i), the Event of Default commencing the Trigger Period has been cured and such cure has been accepted by Lender (and no other Event of Default is then continuing) or (B) with respect to a Trigger Period continuing due to clause (ii), the Low Debt Yield Period has ended pursuant to the terms hereof.

Trigger Period has the meaning assigned to such term in the definition of Change of Control Triggering Event.

Trigger Period means, with respect to any Change of Control, the 30-day period (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies) after the earlier of (1) the occurrence of a Change of Control; or (2) public notice of the occurrence of a Change of Control or the intention by the Company to effect a Change of Control.

Trigger Period shall have the meaning assigned to it in Section 1.1(e)(vi).

Trigger Period means the period commencing on the earlier of the first public notice of (a) the occurrence of a Change of Control or (b) the Company’s intention to effect a Change of Control and ending 60 days following consummation of such Change of Control (which period shall be extended so long as the rating of the 2022 Senior Notes is under publicly announced consideration for a possible downgrade by either of the Rating Agencies).