Common use of Cash Sweep Clause in Contracts

Cash Sweep. (a) On any day (i) on which an Event of Default exists or (ii) that is the third consecutive Business Day on which the lesser of (x) the Revolving Commitments and Other Revolving Commitments (after deducting the total Revolving Exposure plus the total Other Revolving Exposures) and (y) the Borrowing Base Amount (after deducting the sum of (1) the total Revolving Exposure, (2) the outstanding Tranche 6 Term Loans, (3) the outstanding Other Term Loans, (4) the total Other Revolving Exposures and (5) the outstanding Additional Senior Debt at such time), in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is less than $150,000,000, then the Administrative Agent may upon its determination, and shall upon request by any Borrowing Base Agent or the Required Lenders, immediately deliver Cash Sweep Notices. (b) During a Cash Sweep Period, if (i) there is no Event of Default and (ii) the lesser of (x) the average Revolving Commitments and Other Revolving Commitments (after deducting the average total Revolving Exposure plus the average total Other Revolving Exposures) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, (2) the average outstanding Tranche 6 Term Loans, (3) the average outstanding Other Term Loans, (4) the average total Other Revolving Exposures and (5) the average outstanding Additional Senior Debt at such time) over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is greater than $175,000,000, then the Administrative Agent shall automatically rescind any Cash Sweep Notice and shall be prohibited from delivering any other Cash Sweep Notice (unless and until the occurrence of the events set forth in paragraph (a) of this Section). (c) The Administrative Agent shall send a Cash Sweep Notice on each occasion of the occurrence of the events set forth in Section 9.15(a) if required by Section 9.15(a).

Cash Sweep. (a) On any day on which (i) on which an Event of Default exists or (ii) that is the third consecutive Business Day on which the lesser of (x) the Revolving Commitments and Other average Revolving Commitments (after deducting the average total Revolving Exposure plus the total Other Revolving ExposuresExposure) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, (2) the average outstanding Tranche 6 1 Term Loans, Loans and (3) if prior to the Borrowing Base Date, zero or if on or after the Borrowing Base Date, the average outstanding Other Tranche 2 Term Loans, (4) the total Other Revolving Exposures and (5) the outstanding Additional Senior Debt at such time)over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is less than $150,000,00075,000,000, then the Administrative Agent may Agent, upon its determination, and shall determination or upon request by any Borrowing Base Agent or the Required Lenders, shall immediately be entitled to deliver Cash Sweep Notices. (b) During a Cash Sweep Period, if (i) there is no Event of Default and (ii) the lesser of (x) the average Revolving Commitments and Other Revolving Commitments (after deducting the average total Revolving Exposure plus the average total Other Revolving ExposuresExposure) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, (2) the average outstanding Tranche 6 1 Term Loans, Loans and (3) if prior to the Borrowing Base Date, zero or if on or after the Borrowing Base Date, the average outstanding Other Tranche 2 Term Loans, (4) the average total Other Revolving Exposures and (5) the average outstanding Additional Senior Debt at such time) over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is greater than $175,000,000100,000,000, then the Administrative Agent shall automatically rescind any Cash Sweep Notice and shall be prohibited from delivering any other Cash Sweep Notice (unless and until the occurrence of the events set forth in paragraph (a) of this Section). (c) The Administrative Agent shall reserves the right to send a Cash Sweep Notice on each occasion of the occurrence of the events set forth in Section 9.15(a) if required by Section 9.15(a).

Cash Sweep. (a) On any day on which (i) on which an Event of Default exists or (ii) that is the third consecutive Business Day on which the lesser of (x) the Revolving Commitments and Other average Revolving Commitments (after deducting the average total Revolving Exposure plus the total Other Revolving ExposuresExposure) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, Exposure and (2) the average outstanding Tranche 6 1 Term Loans, (3) the outstanding Other Term Loans, (4) the total Other Revolving Exposures and (5) the outstanding Additional Senior Debt at such time)over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is less than $150,000,00075,000,000, then the Administrative Agent may Agent, upon its determination, and shall determination or upon request by any Borrowing Base Agent or the Required Lenders, shall immediately be entitled to deliver Cash Sweep Notices. (b) During a Cash Sweep Period, if (i) there is no Event of Default and (ii) the lesser of (x) the average Revolving Commitments and Other Revolving Commitments (after deducting the average total Revolving Exposure plus the average total Other Revolving ExposuresExposure) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, Exposure and (2) the average outstanding Tranche 6 1 Term Loans, (3) the average outstanding Other Term Loans, (4) the average total Other Revolving Exposures and (5) the average outstanding Additional Senior Debt at such time) over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is greater than $175,000,000100,000,000, then the Administrative Agent shall automatically rescind any Cash Sweep Notice and shall be prohibited from delivering any other Cash Sweep Notice (unless and until the occurrence of the events set forth in paragraph (a) of this Section). (c) The Administrative Agent shall reserves the right to send a Cash Sweep Notice on each occasion of the occurrence of the events set forth in Section 9.15(a) if required by Section 9.15(a).

Cash Sweep. (a) On any day on which (i) on which an Event of Default exists or (ii) that is the third consecutive Business Day on which the lesser of (x) the Revolving Commitments and Other average Revolving Commitments (after deducting the average total Revolving Exposure plus the total Other Revolving ExposuresExposure) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, (2) the average outstanding Tranche 6 1 Term Loans, (3) if prior to the Borrowing Base Date, zero, or if on or after the Borrowing Base Date, the average outstanding Other Tranche 2 Term Loans, Loans and (4) the total Other Revolving Exposures and (5average outstanding Tranche 3 Term Loans) the outstanding Additional Senior Debt at such time)over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is less than $150,000,00075,000,000, then the Administrative Agent may Agent, upon its determination, and shall determination or upon request by any Borrowing Base Agent or the Required Lenders, shall immediately be entitled to deliver Cash Sweep Notices. (b) During a Cash Sweep Period, if (i) there is no Event of Default and (ii) the lesser of (x) the average Revolving Commitments and Other Revolving Commitments (after deducting the average total Revolving Exposure plus the average total Other Revolving ExposuresExposure) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, (2) the average outstanding Tranche 6 1 Term Loans, (3) if prior to the Borrowing Base Date, zero, or if on or after the Borrowing Base Date, the average outstanding Other Tranche 2 Term Loans, Loans and (4) the average total Other Revolving Exposures and (5) the average outstanding Additional Senior Debt at such timeTranche 3 Term Loans) over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is greater than $175,000,000100,000,000, then the Administrative Agent shall automatically rescind any Cash Sweep Notice and shall be prohibited from delivering any other Cash Sweep Notice (unless and until the occurrence of the events set forth in paragraph (a) of this Section). (c) The Administrative Agent shall reserves the right to send a Cash Sweep Notice on each occasion of the occurrence of the events set forth in Section 9.15(a) if required by Section 9.15(a).

Cash Sweep. (a) On any day on which (i) on which an Event of Default exists or (ii) that is the third consecutive Business Day on which the lesser of (x) the Revolving Commitments and Other average Revolving Commitments (after deducting the average total Revolving Exposure plus the total Other Revolving ExposuresExposure) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, (2) the average outstanding Tranche 6 1 Term Loans, Loans and (3) if prior to the Borrowing Base Date, zero, or if on or after the Borrowing Base Date, the average outstanding Other Tranche 2 Term Loans, (4) the total Other Revolving Exposures and (5) the outstanding Additional Senior Debt at such time)over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is less than $150,000,00075,000,000, then the Administrative Agent may Agent, upon its determination, and shall determination or upon request by any Borrowing Base Agent or the Required Lenders, shall immediately be entitled to deliver Cash Sweep Notices. (b) During a Cash Sweep Period, if (i) there is no Event of Default and (ii) the lesser of (x) the average Revolving Commitments and Other Revolving Commitments (after deducting the average total Revolving Exposure plus the average total Other Revolving ExposuresExposure) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, (2) the average outstanding Tranche 6 1 Term Loans, Loans and (3) if prior to the Borrowing Base Date, zero, or if on or after the Borrowing Base Date, the average outstanding Other Tranche 2 Term Loans, (4) the average total Other Revolving Exposures and (5) the average outstanding Additional Senior Debt at such time) over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is greater than $175,000,000100,000,000, then the Administrative Agent shall automatically rescind any Cash Sweep Notice and shall be prohibited from delivering any other Cash Sweep Notice (unless and until the occurrence of the events set forth in paragraph (a) of this Section). (c) The Administrative Agent shall reserves the right to send a Cash Sweep Notice on each occasion of the occurrence of the events set forth in Section 9.15(a) if required by Section 9.15(a).

Cash Sweep. (a) On any day (i) on which an Event of Default exists or (ii) that is the third consecutive Business Day on which the lesser of (x) the Revolving Commitments and Other Revolving Commitments (after deducting the total Revolving Exposure plus the total Other Revolving Exposures) and (y) the Borrowing Base Amount (after deducting the sum of (1) the total Revolving Exposure, (2) the outstanding Tranche 6 7 Term Loans, (3) the outstanding Other Term Loans, (4) the total Other Revolving Exposures and (5) the outstanding Additional Senior Debt at such time), in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is less than $150,000,000, then the Administrative Agent may upon its determination, and shall upon request by any Borrowing Base Agent or the Required Lenders, immediately deliver Cash Sweep Notices. (b) During a Cash Sweep Period, if (i) there is no Event of Default and (ii) the lesser of (x) the average Revolving Commitments and Other Revolving Commitments (after deducting the average total Revolving Exposure plus the average total Other Revolving Exposures) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, (2) the average outstanding Tranche 6 7 Term Loans, (3) the average outstanding Other Term Loans, (4) the average total Other Revolving Exposures and (5) the average outstanding Additional Senior Debt at such time) over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is greater than $175,000,000, then the Administrative Agent shall automatically rescind any Cash Sweep Notice and shall be prohibited from delivering any other Cash Sweep Notice (unless and until the occurrence of the events set forth in paragraph (a) of this Section). (c) The Administrative Agent shall send a Cash Sweep Notice on each occasion of the occurrence of the events set forth in Section 9.15(a) if required by Section 9.15(a).

Cash Sweep. (a) On any day (i) on which an Event of Default exists or (ii) that is the third consecutive Business Day on which the lesser of (x) the Revolving Commitments and Other Revolving Commitments (after deducting the total Revolving Exposure plus the total Other Revolving Exposures) and (y) the Borrowing Base Amount (after deducting the sum of (1) the total Revolving Exposure, (2) the outstanding Tranche 6 1 Term Loans, (3) the outstanding Tranche 2 Term Loans, (4) the outstanding Tranche 3 Term Loans, (5) the outstanding Other Term Loans, (46) the total Other Revolving Exposures and (57) the outstanding Additional Senior Debt at such time), in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is less than $150,000,000100,000,000, then the Administrative Agent may Agent, upon its determination, and shall determination or upon request by any Borrowing Base Agent or the Required Lenders, shall immediately deliver Cash Sweep Notices. (b) During a Cash Sweep Period, if (i) there is no Event of Default and (ii) the lesser of (x) the average Revolving Commitments and Other Revolving Commitments (after deducting the average total Revolving Exposure plus the average total Other Revolving Exposures) over any 30-day period and (y) the average Borrowing Base Amount (after deducting the sum of (1) the average total Revolving Exposure, (2) the average outstanding Tranche 6 1 Term Loans, (3) the average outstanding Tranche 2 Term Loans, (4) the average outstanding Tranche 3 Term Loans, (5) the average outstanding Other Term Loans, (46) the average total Other Revolving Exposures and (57) the average outstanding Additional Senior Debt at such time) over any 30-day period, in each case, together with all amounts then on deposit in the Cash Sweep Cash Collateral Account, is greater than $175,000,000150,000,000, then the Administrative Agent shall automatically rescind any Cash Sweep Notice and shall be prohibited from delivering any other Cash Sweep Notice (unless and until the occurrence of the events set forth in paragraph (a) of this Section). (c) The Administrative Agent shall send a Cash Sweep Notice on each occasion of the occurrence of the events set forth in Section 9.15(a) if required by Section 9.15(a).