Weekly Reporting Event definition

Weekly Reporting Event means the occurrence of a date when (a) Total Excess Availability shall have been less than the greater of (i) 15% of the Line Cap and (ii) $30,000,000, in either case at any time, until such date as (b) Total Excess Availability shall have been at least equal to the greater of (i) 15% of the Line Cap and (ii) $30,000,000 for a period of 30 consecutive calendar days.

Weekly Reporting Event means the occurrence of a date when (a) Excess Availability (plus, solely to the extent Excess Availability on each such date is not less than 5% of the Maximum Borrowing Amount, the Suppressed Availability on such date) is less than the greater of (i) 10.0% of the Maximum Borrowing Amount and (ii) $80,000,000, in either case for three (3) consecutive Business Days, until such date as (b) Excess Availability (plus, solely to the extent Excess Availability on each such date is not less than 5% of the Maximum Borrowing Amount, the Suppressed Availability on such date) shall have been at least equal to the greater of (i) 10.0% of the Maximum Borrowing Amount and (ii) $80,000,000 for a period of twenty-five (25) consecutive days.

Weekly Reporting Event means that the long term, unsecured, non-third party credit enhanced senior indebtedness of the Originator is rated (1) BB+ or lower by S&P and Ba1 or lower by Moody’s or (2) Ba2 by Moody’s or BB by S&P.

Examples of Weekly Reporting Event in a sentence

• An update regarding the recent email outage, and to review associated communication from the Council’s IT provider – It was agreed to defer this item to the next meeting.

• Unless a Weekly Reporting Event is continuing, on or before the twentieth day of each month, and, after the occurrence of a Termination Event, at such other times covering such other periods as is requested by the Agent or the Instructing Group, the Collection Agent shall deliver to the Agent a Monthly Report reflecting information as of the close of business of the Collection Agent for the immediately preceding Settlement Period or such other preceding period as is requested.

• During the continuance of a Weekly Reporting Event, on or before each Tuesday, and, after the occurrence of a Termination Event, at such other times covering such other periods as is requested by the Agent or the Instructing Group, the Collection Agent shall deliver to the Agent a Weekly Report reflecting information as of the close of business of the Collection Agent for the immediately preceding calendar week or such other preceding period as is requested.

• As soon as available and in any event not later than the third Business Day of each calendar week, a Weekly Report as of the most recently completed calendar week, but only so long as long as a Weekly Reporting Event shall have occurred and is continuing as of such date.

• Additionally, during the continuance of a Weekly Reporting Event, on or before each Tuesday, and, after the occurrence of a Termination Event, at such other times covering such other periods as is requested by the Agent or the Instructing Group, the Collection Agent shall deliver to the Agent a Weekly Report reflecting information as of the close of business of the Collection Agent for the immediately preceding calendar week or such other preceding period as is requested.

More Definitions of Weekly Reporting Event

Weekly Reporting Event means that the long-term senior unsecured debt rating of the Parent is BB or lower by S&P or Ba2 or lower by Xxxxx'x or either S&P or Xxxxx'x has suspended or withdrawn such rating.

Weekly Reporting Event means that, commencing with the quarter ending June 30, 2007, the Leverage Ratio as of the end of such fiscal quarter exceeds the applicable ratio set forth below: Fiscal Quarter Ending Senior Secured Leverage Ratio June 30, 2007 6.00:1.00 September 30, 2007 6.00:1.00 December 31, 2007 6.00:1.00 March 31, 2008 5.35:1.00 June 30, 2008 5.35:1.00 September 30, 2008 5.10:1.00 December 31, 2008 5.10:1.00 March 31, 2009 5.10:1.00 June 30, 2009 5.10:1.00 September 30, 2009 4.75:1.00 December 31, 2009 4.75:1.00 March 31, 2010 4.75:1.00 June 30, 2010 4.75:1.00 September 30, 2010 4.75:1.00 December 31, 2010 4.75:1.00 March 31, 2011 and thereafter 4.50:1.00

Weekly Reporting Event means (i) (A) the Default Ratio shall exceed 4.75%, or (B) the Delinquency Ratio shall exceed 12.0%, (ii) the average for three consecutive calendar months of (A) the Default Ratio shall exceed 3.25%, (B) the Delinquency Ratio shall exceed 10.0%, or (C) the Dilution Ratio shall exceed 5.00%, or (iii) Days’ Sales Outstanding exceeds 60 days (or, for the calendar months of September, October, November and December (and any week therein), 65 days). A Weekly Reporting Event will be deemed to no longer be continuing as of any date that the applicable ratio or Days Sales Outstanding no longer exceeds the applicable amount triggering such Weekly Reporting Event, and after such date no Weekly Reports will be required in respect of such Weekly Reporting Event; provided, however, and for the avoidance of doubt, if the applicable ratio or Days Sales Outstanding exceed the applicable amounts set forth in the first sentence of this definition after such Weekly Reporting Event then a new Weekly Reporting Event shall occur and a new Weekly Report will be required until the applicable ratio or Days Sales Outstanding no longer exceeds the applicable amount triggering such new Weekly Reporting Event.”

Weekly Reporting Event means the occurrence of any of the following: (i) the “Aggregate Excess Availability” (as defined in the Senior Credit Agreement) at such time is less than the Minimum Aggregate Excess Availability at such time, (ii) Manitowoc is required to provide weekly reporting under the Senior Credit Agreement or (iii) the Securitization Excess Availability is less than 25.0% of the Minimum Aggregate Excess Availability and the Agent has provided the Seller or the Servicer with written notice to commence delivering Weekly Reports.

Weekly Reporting Event means that, commencing with the quarter ending June 30, 2007, the Leverage Ratio as of the end of such fiscal quarter exceeds the applicable ratio set forth below:

Weekly Reporting Event means the occurrence of either of the following events: (a) the Consolidated Leverage Ratio of the Parent as of the end of the first six months following the date hereof shall exceed 3.1 and as of the end of any fiscal quarter thereafter 3.0; or (b) the Consolidated Interest Coverage Ratio of the Parent as of the end of any fiscal quarter shall be less than 4.25; provided that each of the terms "Consolidated Leverage Ratio" and "Consolidated Interest Coverage Ratio", together with each of the capitalized terms used to define such terms, shall have the respective meanings specified in Annex F.

Weekly Reporting Event. Means the Consolidated Leverage Ratio (as defined in the Credit Agreement) of Arch exceeds 3.25 to 1.0 or the Interest Coverage Ratio (as defined in the Credit Agreement) of Arch is less than 3.5 to 1.0. (gg) Exhibit III of the Receivables Purchase Agreement is hereby amended in its entirety and as so amended shall read as set forth on Exhibit III attached hereto.