Cash Control Period definition

Cash Control Period means the period of time commencing upon the occurrence of an Event of Default and the delivery by the Administrative Agent of a notice of control to the applicable financial institution and ending on the earlier of (a) the written waiver of such Event of Default by the Required Lenders, or (b) the Termination Date.
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Cash Control Period means each of (i) each period commencing on the date that the Consolidated Cash Balance, as reported in any Monthly Report is less than $180,000,000 and ending on (but not including) the date following such commencement date that is the latest of (w) the date that the Consolidated Cash Balance is at least $180,000,000 for two consecutive Cut-Off Dates, as reported in the Monthly Reports, (x) the date that the Consolidated Cash Balance Proxy is at least $180,000,000 as of the last day of eight consecutive calendar weeks, as reported in the Weekly Reports, (y) the date that is sixty (60) consecutive days following such commencement date and (z) if the Cash Control Period has commenced more than one time, the Final Payout Date and (ii) each period commencing on and after any date that the Consolidated Cash Balance or Consolidated Cash Balance Proxy, as applicable, is not timely reported in any Weekly Report or Monthly Report and ending on (but not including) the date that the Consolidated Cash Balance and Consolidated Cash Balance Proxy are timely reported in any Weekly Report or Monthly Report.
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Cash Control Period means any time when a Cash Dominion Event has occurred and is continuing.
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Examples of Cash Control Period in a sentence

  • During a Cash Control Period, the Administrative Agent shall have the right, at the Administrative Agent’s election in its sole discretion, to require that funds remaining on deposit in any Controlled Account be transferred to the Administrative Agent’s Bank Account on each Business Day, and the Borrowers shall take all actions required by the Administrative Agent or by any bank at which any Controlled Account is maintained in order to effectuate the transfer of funds in this manner.

  • Funds on deposit in a bank account of Borrower shall be transferred on a daily basis to the Concentration Account (or, at the Administrative Agent’s option during a Cash Control Period, to the Administrative Agent’s Bank Account) pursuant to the terms of a Deposit Account Control Agreement or Deposit Account Restriction Agreement, as applicable.

  • During a Cash Control Period, the Administrative Agent shall have the right, at the Administrative Agent’s election in its sole discretion, to require that funds remaining on deposit in the Concentration Account be transferred to the Administrative Agent’s Bank Account on each Business Day, and the Borrowers agree to take all actions reasonably required by the Administrative Agent or by any bank at which the Concentration Account is maintained in order to effectuate the transfer of funds in this manner.

  • In the event that a Cash Control Period exists, the Loans shall be subject to mandatory principal prepayment as provided in §5.2(b) hereof.

  • Following the termination of any Cash Control Period, Lender agrees to take all actions required by Borrower to rescind or nullify any automatic transfers of funds deposited into any Blocked Account and to give Borrower control over the Blocked Accounts and all funds deposited therein, subject to the terms of a Deposit Account Control Agreement.

  • So long as no Cash Control Period is in existence, funds on deposit in the Lock Box Account after such payments on the Loans, less the amount of any payments on the Loans that will come due prior to the next scheduled rental payment by Lessee under the Ultra Lease, will be transferred on a daily basis to the Operating Account.

  • During a Cash Control Period, Lender shall have the right, at Lender’s election in its sole discretion, to require that funds on deposit in a Blocked Account be transferred on each Business Day as directed by Lender pursuant to the terms of the applicable Deposit Account Control Agreement, and Borrower agrees to take all actions required by Lender or by any bank at which any Blocked Account is maintained in order to effectuate the transfer of funds in this manner.

  • For purposes of this Agreement, a Cash Control Period shall be deemed to remain outstanding from the initial date of any Cash Control Period until the earlier of (a) the waiver of such Event of Default by the Required Lenders, or (b) the Termination Date.

  • If no Cash Control Period exists (or if all Obligations then due are paid in full during the existence of a Cash Control Period), then any Net Proceeds (or excess Net Proceeds, as the case may be) shall be remitted to the operating account of the Borrowers designated by the Lead Borrower.

  • On the other hand, this is less of a concern if the negative effects mainly hit the better off households, which have more resources to withstand the impact and are, generally, in a better position to adjust their behaviour to take advantages of the positive effects of CAFTA.


More Definitions of Cash Control Period

Cash Control Period means the period of time commencing upon the Lender providing notice of its election to impose a Cash Control Period pursuant to the terms and conditions of a Deposit Account Control Agreement following the occurrence and continuance of an Event of Default. For purposes of this Agreement, a Cash Control Period shall be deemed to remain outstanding from the initial date of any Cash Control Period until the earlier of (a) the cure of such Event of Default, (b) the waiver of such Event of Default by the Lender, or (c) the Maturity Date.
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Cash Control Period means the period of time commencing upon the earlier to occur of (x) an Event of Default pursuant to Section 9.01(a) or (f) and (y) following the occurrence of any other Event of Default (except where a Specified Equity Contribution was made or a Specified Debt Incurrence was incurred, in each case, in accordance with Section 8.01(e), and cured any applicable Event of Default under Section 9.01(b) with respect to a breach of one or more of the financial covenants in Section 8.01), the date of delivery by the Administrative Agent of a written notice of the commencement of a Cash Control Period to Potbelly and a notice of control to the applicable financial institution and ending on the earlier of (a) the written waiver of such Event of Default by the Required Lenders, or (b) the Termination Date.
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Related to Cash Control Period

  • Control Period means the period beginning May first of a year and ending on September thirtieth of the same year, inclusive.

  • Change of Control Period means the period commencing on the date hereof and ending on the third anniversary of the date hereof; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the "Renewal Date"), unless previously terminated, the Change of Control Period shall be automatically extended so as to terminate three years from such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the Change of Control Period shall not be so extended.

  • Change in Control Period means the period beginning three (3) months prior to a Change in Control and ending twelve (12) months following a Change in Control.

  • Existing Commitment Termination Date as defined in Section 2.12(a).

  • Potential Change in Control Period shall commence upon the occurrence of a Potential Change in Control and shall lapse upon the occurrence of a Change in Control or, if earlier (i) with respect to a Potential Change in Control occurring pursuant to Section 18.15(A), immediately upon the abandonment or termination of the applicable agreement, (ii) with respect to a Potential Change in Control occurring pursuant to Section 18.15(B), immediately upon a public announcement by the applicable party that such party has abandoned its intention to take or consider taking actions which if consummated would result in a Change in Control or (iii) with respect to a Potential Change in Control occurring pursuant to Section 18.15(C) or (D), upon the one year anniversary of the occurrence of a Potential Change in Control (or such earlier date as may be determined by the Board).

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Scheduled Black-Out Period means the period from and including the last day of a fiscal quarter of the Company to and including the business day after the day on which the Company publicly releases its earnings for such fiscal quarter.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • Agreement Termination Date is defined in Section 7.4.

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Put Period shall have the meaning set forth in Section 5(a) hereof.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Delivery Period Termination Date Has the meaning specified in the Related Pass Through Trust Supplement.

  • Stated Termination Date means, with respect to the Revolving Credit Facility, March 4, 2027 and, with respect to any Extended Revolving Credit Facility, the maturity date set forth in the Extension Agreement related thereto.

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Severance Amount means (A) for any Termination other than during a Covered Period, an amount equal to one hundred percent (100%) of Executive’s then-current Annual Base Salary as of the respective Termination; or (B) for a Termination during a Covered Period, an amount equal to two hundred percent (200%) of Executive’s Base Compensation as of the respective Termination.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Change in Control Protection Period means the period commencing on the date a Change in Control occurs and ending on the first anniversary of such date.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Make-Whole Fundamental Change Period shall have the meaning specified in Section 14.03(a).

  • Post-Change Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the second anniversary of the occurrence of such Change in Control.