DSCR Cash Management Period definition

DSCR Cash Management Period. 1.1 (Definition of Cash Management Period). "Easements" - 4.14 "Endorsement" - 5.26 "Environmental Laws" - 4.21 "Equipment" - Mortgage "Event of Default" - 8.1 "Exchange Act" - 9.1.2 "Fee Owner" 1.1 (Definition of IDA Lease) "Fitch" - 1.1 (Definitixx of Rating Agency) "GCM Group" - 9.1.3 "Government Lists" - 5.31 "Hazardous Substances" - 4.21
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DSCR Cash Management Period means the period commencing as of any Calculation Date that the Debt Service Coverage Ratio for the Quarter immediately preceding such Calculation Date is less than 1.50:1.0, and ending upon the earlier to occur of (i) the Calculation Date that Agent determines that the Debt Service Coverage Ratio was equal to or exceeded 1.50:1.0 for the two consecutive Quarters immediately preceding such Calculation Date or (ii) the date upon which Borrowers make a partial prepayment of principal pursuant to Section 3.4(d) within ten (10) Business Days after Agent notifies Borrowers that such DSCR Cash Management Period has commenced, resulting in the Debt Service Coverage Ratio being increased to not less than 1.50:1.0.
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DSCR Cash Management Period and shall end upon Lender giving the Clearing Bank written notice of the termination of such Cash Management Period, which termination notice the 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 or waived by Lender 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 1.20:1 for two (2) consecutive Calculation Dates.
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Examples of DSCR Cash Management Period in a sentence

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More Definitions of DSCR Cash Management Period

DSCR Cash Management Period. 1.1 (Definition of Cash Management Period). “Easements” - 4.14 “Endorsement” - 5.26 “Environmental Laws” - 4.21 “Equipment” - Mortgage “Event of Default” - 8.1 “Exchange Act” - 9.1.2 “Fitch” - 1.1 (Definition of Rating Agency) “GCM Group” - 9.1.3 “Government Lists” - 5.31 “Hazardous Substances” - 4.21 “Improvements” - Mortgage “Indemnified Liabilities” - 5.30 “Indemnified Party” - 5.30 “Independent Director” - Schedule 5 “Insurance Premiums” - 7.1.2 “Insured Casualty” - 7.2.2 “Intercreditor Agreement” - 1.1 (Definition of Approved Mezzanine Loan) “Issuer” - 9.1.3
Sample 1
DSCR Cash Management Period. 1.1 (Definition of Cash Management Period) “Easements” - 4.14 “Eligible Account” - Deposit Account Agreement “Endorsement” - 5.26 “Environmental Laws” - 4.21 “Equipment” - Mortgage “Event of Default” - 8.1 “Exchange Act” - 9.1.2 “Fitch” - 1.1 (Definition of Rating Agency) “Government Lists” - 5.31 “Hazardous Substances” - 4.21 “Improvements” - Mortgage “Indemnified Liabilities” - 5.30 “Indemnified Party” - 5.30 “Independent Director” - Schedule 5 “Initial Rollover Deposit” - 3.5.1 “Insurance Premiums” - 7.1.2 “Insured Casualty” - 7.2.2 “Key Principal Estate” - 1.1 (Definition of Permitted Transfers) “Key Principal Estate Planning Transferee” - 1.1 (Definition of Permitted Transfers) “Late Payment Charge” - 2.5.3 “Lender’s Consultant” - 5.8.2 “Liabilities” - 9.1.3 “Licenses” - 4.11 “Loan” - 2.1 “Monthly Debt Service Payment Amount” - 2.2.1 “Monthly Interest Payment Amount” - 2.2.1 “Moody’s” - 1.1 (Definition of Rating Agency) “Mortgage” - 1.1 (Definition of Loan Documents) “New Payment Date” - 2.2.4 “Note” - 1.1 (Definition of Loan Documents) “Notice” - 6.1 “O & M Program” - 5.8.3 “OFAC’ - 5.31 “Ongoing Rollover Deposit” - 3.5.1 “Operating Expense Subaccount” - 3.6 “Patriot Act” - 5.31” “Patriot Act Offense” - 5.31 “Permitted Indebtedness” - 5.22 “Permitted Investments” - Deposit Account Agreement “Permitted Prepayment Date” - 2.3.4 16
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Related to DSCR Cash Management Period

  • Cash Management Reserves means such reserves as the Administrative Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Cash Management Obligation means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person under or in respect of a Cash Management Agreement.

  • Cash Management Obligations means obligations owed by the Company or any Subsidiary to any Lender or a Cash Management Bank in respect of (1) any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and (2) the Company’s or any Subsidiary’s participation in commercial (or purchasing) card programs at the Lender or any Affiliate (“card obligations”).

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01.

  • Cash Manager means Northern Rock or such other person or persons for the time being acting, pursuant to the Cash Management Agreement, as agent for the Mortgages Trustee, Funding and (following enforcement of the Funding Security) the Security Trustee for the purposes of, inter alia, managing all cash transactions and maintaining certain ledgers on behalf of the Mortgages Trustee, Funding and (following enforcement of the Funding Security) the Security Trustee;

  • Cash Management Order means the order of the Bankruptcy Court entered in the Chapter 11 Case, together with all extensions, modifications and amendments that are in form and substance acceptable to the Agent in its Permitted Discretion, which, among other matters, authorizes the Loan Parties to use their cash management system, substantially in the form of Exhibit H.

  • Cash Management Agreements means any agreement providing for treasury, depository, purchasing card or cash management services, including in connection with any automated clearing house transfer of funds or any similar transaction entered into in the ordinary course of business.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other customary cash management arrangements.

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • Treasury Management Obligations means obligations under any agreement governing the provision of treasury or cash management services, including deposit accounts, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services. Treasury Management Obligations shall not constitute Indebtedness.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • Hedging Agreement Provider means any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1 to the extent such Person is a Lender, an Affiliate of a Lender or any other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement.