Cash Control Period definition

Cash Control Period means the period of time commencing upon the occurrence and continuation 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 waiver of such Event of Default by the Required Lenders, or (b) the Termination Date.
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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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Examples of Cash Control Period in a sentence

  • 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.

  • Without ODS this would results in curtailment during some hours followed by generation of electricity by the Fuel Cells.

  • 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.

  • 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.

  • 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.


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 any time when a Cash Dominion Event has occurred and is continuing.
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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.

  • 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 earliest to occur of (a) the Maturity Date, (b) the date the Commitments are permanently reduced to zero pursuant to Section 2.8, and (c) the date of the termination of the Commitments pursuant to Article VIII.

  • 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.

  • Revolving Commitment Termination Date means the earliest of (i) July 31, 2018, (ii) the date on which the Revolving Commitments are terminated pursuant to Section 2.8 and (iii) the date on which all amounts outstanding under this Agreement have been declared or have automatically become due and payable (whether by acceleration or otherwise).

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