Triggering Period means, the period commencing upon the occurrence of a Triggering Event and ending on the day on which Agent has waived the occurrence of the Trigger Event. Confidential treatment is being requested for portions of this document. This copy of the document filed as an exhibit omits the confidential information subject to the confidentiality request. Omissions are designated by the symbol [***]. A complete version of this document has been filed separately with the Securities and Exchange Commission.
Triggering Period means (a) any period during which an Event of Default has occurred and is continuing, and (b) any period during which the Availability Amount (whether as a result of Reserves being required or otherwise) is less than twenty percent (20%) of the Maximum Dollar Amount.
Triggering Period means any period which begins on any day on which a Triggering Event shall have occurred and shall continue until the thirtieth day following the first date on which such Triggering Event is no longer continuing. “Fixed Charge Coverage Ratio” shall be calculated in the manner set forth in Exhibit 4.2(b).
Examples of Triggering Period in a sentence
To the extent that the Clearing House adjusts any records in the DTCC Accounts at the end of the CEN Triggering Period applicable to the CDS Buyer, the Clearing House will update the RMP Matched Table to reflect such adjustments.
The term " Triggering Period" means the CEN Triggering Period ending on the Exercise Cut-Off Date applicable to a Buyer or NEMO Triggering Period, as applicable.
The term " CEN Triggering Period" means, in relation to any CDS Contracts of a Set in respect of which a Relevant Restructuring Credit Event has occurred, the period during which a CDS Buyer or CDS Seller may deliver a Restructuring Credit Event Notice in relation to all or part of such CDS Contract in accordance with the Contract Terms.
Subject as set out in Section 7 (Delivery of Notices and Fallbacks), Clearing Members may only deliver a Notice to Exercise Movement Option during the NEMO Triggering Period, subject always to the other terms of the relevant Restructuring Cleared Transaction and, where applicable, the DTCC Rules.
The Clearing House, CDS Clearing Members, Sponsored Principals and Customers recognise and acknowledge that in certain circumstances outside the control of the Clearing House, the CEN Triggering Period applicable to the CDS Seller and the CDS Buyer may be a period of fewer than two and five Business Days, respectively.
More Definitions of Triggering Period
Triggering Period means a period (a) commencing on the earliest to occur of (i) the occurrence and continuation of an Event of Default, or (ii) the date on which Availability shall be less than $35,000,000 and (b) continuing until such time as, for a period of fifteen (15) consecutive days, both (x) Availability shall be equal to or in excess of $40,000,000 and (y) there shall not have occurred and be continuing any Event of Default.
Triggering Period means (A) the period from (i) May 25, 2007 through (ii) the first date on or after May 25, 2007 on which Availability shall have been in excess of $15,000,000 for a period of six continuous months (the "Initial Triggering Period") and (B) after the Initial Triggering Period, the period commencing on the earlier to occur of either (i) the occurrence and continuation of an Event of Default, or (ii) the first date on which Availability shall fail to be in excess of $15,000,000 and terminating on the first date on which Availability shall have been in excess of $15,000,000 for a period of six continuous months. Agent will endeavor to notify Borrower within five (5) days of the Agent becoming aware of the occurrence of any Triggering Period occurring after the Initial Triggering Period.
Triggering Period means, the period commencing upon the occurrence of a Triggering Event and ending on the day on which Agent has waived the occurrence of the Trigger Event.
Triggering Period shall have the meaning set forth in that certain Loan Agreement, dated as of [________], among [____] as Lender; and [______] as Borrower (including any assignment thereof, the “Loan Agreement”), and “Available Cash” shall have the meaning set forth in Section 6.11.1(xiii) of the Loan Agreement. To the extent that the Subordinated Portion of the Base Management Fee is not payable with respect to any given Calendar Year or portion thereof, the unpaid amount shall accrue and shall be payable in future Calendar Years, to the extent, during such future Calendar Year, that (1) there is no “Triggering Period” that has occurred and is then continuing; and (2) there is sufficient Available Cash to pay such accrued amount after paying the Subordinated Portion of the Base Management Fee with respect to such future Calendar Year. The Base Management Fee – excepting only the Subordinated Portion of the Base Management Fee – will be paid in installments by deducting such fee from Gross Operating Revenues of the Hotel immediately following each Accounting Period at the rate of the corresponding percentage of Gross Operating Revenues for that Accounting Period. At the end of each Accounting Period, an adjustment will be made on a cumulative year-to-date basis, if necessary, and all sums due either the Manager or Owner shall be paid immediately. Notwithstanding anything to the contrary contained herein and in any sub-management agreement, any management fee due to a Sub-Manager under a sub-management agreement shall be paid by Manager to Sub-Manager from the Base Management Fee or Incentive Fee due to Manager under this agreement. Notwithstanding anything to the contrary contained herein, if the Subordinated Portion of the Base Management Fee shall be due to Management Company pursuant to the terms set forth herein, such Subordinated Portion of the Base Management Fee shall accrue but shall not be payable to the Management Company until such time as (x) the Borrowers have reserved in the Future PIP Reserve Account (as defined in the Loan Agreement) a cash deposit in an amount equal to all outstanding Future PIP Reserve Funds (as defined in the Loan Agreement) guaranteed by that certain Payment Guaranty (PIP Reserve Funds), dated on or about [________], by [_________] [a Maryland corporation], for the benefit of Lender (the “Guaranteed PIP Funds”), or (y) Borrowers shall have completed all PIP Work and paid all Approved Future PIP Expenses in connection with the Guaranteed...
Triggering Period means (A) the period from (i) the Restatement Date through (ii) the first date on which Availability shall have been in excess of $15,000,000 for a period of six continuous months (the “Initial Triggering Period” and (B) after the Initial Triggering Period, the period commencing on the earlier to occur of either (i) the occurrence and continuation of an Event of Default, or (ii) the first date on which Availability shall fail to be in excess of $15,000,000 and terminating on the first date on which Availability shall have been in excess of $15,000,000 for a period of six continuous months. Agent will endeavor to notify Borrower within five (5) days of the Agent becoming aware of the occurrence of any Triggering Period occurring after the Initial Triggering Period.
Triggering Period means a period (a) commencing on the earlier to occur of either (i) the occurrence and continuation of an Event of Default, or (ii) the first date on which Borrowing Base Availability shall fail to be in excess of $20,000,000 for three (3) consecutive Business Days or fail to be in excess of $15,000,000 at any time, and (b) continuing until such time as, for a period of sixty (60) consecutive days, both (x) Borrowing Base Availability shall be in excess of $20,000,000 and (y) there shall not have occurred and be continuing any Event of Default.
Triggering Period has the meaning set forth in Section 7.1.