Cash Management Period definition

Cash Management Period shall have the meaning ascribed to the term “Cash Management Period” in the Mortgage Loan Agreement.

Cash Management Period shall commence upon Lender giving notice to the Clearing Bank of the occurrence of any of the following: (i) an Event of Default hereunder, or (ii) an Event of Default (as such term is defined in the Mezzanine Loan Documents), or (iii) a default after the lapse of any applicable notice and cure period under any Approved Mezzanine Loan other than the Mezzanine Loan, and shall end upon Lender giving notice (and which Lender covenants to promptly give) to the Clearing Bank that the sweeping of funds into the Deposit Account may cease, which notice Lender shall give promptly after (1) the Loan and all other obligations under the Loan Documents and any Approved Mezzanine Loan have been repaid in full, (2) with respect to the matters described in clause (i) above, such Event of Default has been cured and no other Event of Default has occurred and is continuing, and (3) with respect to the matters described in clause (ii) above, such Event of Default has been cured and no other Event of Default has occurred and is continuing, (4) with respect to the matters described in clause (iii) above, such default has been cured and no other such default has occurred and is continuing. Code: the Internal Revenue Code of 1986, as amended and as it may be further amended from time to time, any successor statutes thereto, and applicable U.S. Department of Treasury regulations issued pursuant thereto in temporary or final form. Control: with respect to any Person, either (i) ownership directly or indirectly of 49% or more of all equity interests in such Person or (ii) the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, through the ownership of voting securities, by contract or otherwise. Debt: the unpaid Principal, all interest accrued and unpaid thereon, any Yield Maintenance Premium and all other sums due to Lender in respect of the Loan or under any Loan Document.

Cash Management Period means the period commencing upon the occurrence of any Cash Management Event and continuing until a corresponding Cash Management Termination Event occurs.

Examples of Cash Management Period in a sentence

• Effect The failure to establish an effective internal control system resulted in the School Corporation's noncompliance with the grant agreement and the Activities Allowed or Unallowed, Allowable Costs/Cost Principles, Cash Management, Period of Availability, and Reporting compliance requirements.

• Condition An effective internal control system was not in place at the School Corporation in order to ensure compliance with the grant agreement and the Activities Allowed or Unallowed, Cash Management, Period of Availability, and Reporting compliance requirements.

• Recommendation We recommended that the School Corporation's management establish controls to ensure compliance with the grant agreement and the Cash Management, Period of Performance, and Special Tests and Provisions - Annual Report Card, High School Graduation Rate compliance requirements.

• Activities Allowed or Unallowed, Allowable Costs/Cost Principles, Cash Management, Period of Availability, Procurement, Suspension and Debarment, and Reporting The Town had not designed or implemented policies and procedures to adequately segregate duties surrounding grant expenditures and submission of timely and accurate grants reimbursement requests.

• The Cash Management, Period of Availability, and Reporting compliance procedures were performed by the Grant Administrator.

More Definitions of Cash Management Period

Cash Management Period shall have the meaning set forth in the Senior Loan Agreement. Code: the Internal Revenue Code of 1986, as amended and as it may be further amended from time to time, any successor statutes thereto, and applicable U.S. Department of Treasury regulations issued pursuant thereto in temporary or final form.

Cash Management Period means the period commencing on the 45th day prior to the Optional Prepayment Date.

Cash Management Period means the occurrence of a Default. A Cash Management Period shall terminate in the event that a Default has been cured.

Cash Management Period shall commence upon the occurrence and continuance of an Event of Default, and shall end if the Event of Default has been cured. Except as otherwise expressly provided herein to the contrary, Grantor shall have the right under all circumstances to use proceeds from the Property first to make Permitted REIT Distributions before applying such proceeds to any debt service or reserve or other payment obligations under the Loan.

Cash Management Period shall commence upon Lender giving notice to the Clearing Bank of the occurrence of any of the following: (i) the Stated Maturity Date, (ii) a Default or an Event of Default, or (iii) if, as of any Calculation Date, the Debt Service Coverage Ratio is less than 0.95:1 (a "DSCR Cash Management Period") or (iv) the commencement of a Lease Sweep Period; and shall end upon Lender giving notice to the Clearing Bank that the sweeping of funds into the Deposit Account may cease, which notice Lender shall only be required to give if (1) the Loan and all other obligations under the Loan Documents have been repaid in full or (2) the Stated Maturity Date has not occurred and (A) with respect for the matters described in clause (ii) above, such Event of Default has been cured and no other Event of Default has occurred and is continuing or (B) with respect to the matter described in clause (iii) above, Lender has determined that the Property has achieved a Debt Service Coverage Ratio of at least 0.95:1 for two (2) consecutive Calculation Dates or (C) with respect to the matter described in clause (iv) above, such Lease Sweep Period has ended. Code: the Internal Revenue Code of 1986, as amended and as it may be further amended from time to time, any successor statutes thereto, and applicable U.S. Department of Treasury regulations issued pursuant thereto in temporary or final form.

Cash Management Period means the existence and continuance of an Event of Default.

Cash Management Period means the period commencing on the occurrence of a Triggering Event and ending on the occurrence of the corresponding Cash Management Termination Event.