Cash Dominion Trigger Event definition

Cash Dominion Trigger Event means either of (a) the occurrence of an Event of Default, or (b) Excess Availability being less than the greater of (i) 15.0% of the Line Cap and (ii) $6,250,000 in the case of clause (b), for a period of three (3) consecutive Business Days.

Cash Dominion Trigger Event means (a) the occurrence of an Event of Default or (b) the occurrence of an Availability Event.

Cash Dominion Trigger Event means the occurrence of the following at any time, (i) the occurrence and continuance of an Event of Default or (ii) Undrawn Availability is less than (A) twelve and one-half percent (12.5%) of the Maximum Revolving Advance Amount for five (5) consecutive Business Days or (B) $7,000,000 at any time.

Examples of Cash Dominion Trigger Event in a sentence

• After the occurrence and during the continuance of a Cash Dominion Trigger Event, the Administrative Agent may (and, at the request of the Required Lenders, shall) deliver each such DDA Notification and Credit Card Notification to the applicable depository institution and credit card processor.

• Each DDA Notification and Credit Card Notification shall be held by the Administrative Agent until the occurrence of a Cash Dominion Trigger Event.

• Except as provided in and subject to Section 5.6 (relating to the application of such amounts after the occurrence and during the continuance of a Cash Dominion Trigger Event and until such time as a Cash Dominion Trigger Event has not existed for 30 consecutive days), all amounts in the Dominion Accounts shall be transferred to such Deposit Account(s) as Borrower Agent or the applicable Obligor may request and designate from time to time.

• If any Obligor receives cash or Payment Items with respect to any Collateral (except as provided in Section 7.5.2(b)), it shall hold same in trust for Agent and promptly (not later than the next Business Day if a Cash Dominion Trigger Event then exists, or not later than the second Business Day after receipt if no Cash Dominion Trigger Event then exists) deposit same into a Dominion Account.

• The Collateral Agent agrees with each Pledgor that the Collateral Agent shall not give any instructions directing the disposition of funds from time to time credited to any Deposit Account or withhold any withdrawal rights from such Pledgor with respect to funds from time to time credited to any Deposit Account unless a Cash Dominion Trigger Event has occurred and no subsequent Cash Dominion Recovery Event has occurred.

More Definitions of Cash Dominion Trigger Event

Cash Dominion Trigger Event means (a) the occurrence and continuance of any Specified Event of Default or (b) the failure of the Borrowers to maintain ExcessSpecified Availability of at least the greater of (x) $175,000,000 and (y) 10% of the Line Cap.

Cash Dominion Trigger Event means (a) the occurrence of an Event of Default, or (b) Agent's reasonable determination that Availability (without giving effect to the FILO Formula Amount) is less than an amount equal to twelve and one-half percent (12.5%) of the lesser of (i) the Borrowing Base and (ii) the Revolving Commitments.

Cash Dominion Trigger Event means at any time (a) an Event of Default shall have occurred and is continuing and/or (b) Excess Availability shall for a period of three (3) consecutive Business Days be less than the greater of (i) $90,000,000 (or, on and after the Specified Incremental Commitment Availability Date, $115,000,000) and (ii) 10.0% of the lesser of (A) the Total Revolving Commitment and (B) the then-applicable Total Borrowing Base and/or (c) in the sole discretion of the Administrative Agent, if Excess Availability shall at any time be less than 7.5% of the lesser of (A) the Total Revolving Commitment and (B) the then-applicable Total Borrowing Base.

Cash Dominion Trigger Event means any date when (x) an Event of Default has occurred or (y) Availability is less than the greater of (i) 12.5% of the Line Cap as of such date and (ii) $20.0 million for three (3) consecutive calendar days.

Cash Dominion Trigger Event means the occurrence of any one of the following events: (i) the aggregate outstanding principal balance of the Revolving Loans shall exceed $0 on the first Business Day after December 25th of any calendar year or (ii) an Event of Default shall occur and be continuing; provided, that, to the extent that the Cash Dominion Trigger Event has occurred due to clause (i) of this definition, if Excess Availability shall be equal to or greater than $30.0 million at the end of the period specified in Section 2.10(i), the Cash Dominion Trigger Event shall be deemed to be over. At any time that a Cash Dominion Trigger Event shall be deemed to be over or otherwise cease to exist, the Agents shall take such actions, including delivering such notices and directions to depositary institutions at which Blocked Accounts are established, to terminate the cash sweeps and other transfers existing pursuant to Section 9.01(e) as a result of any Activation Notice or other notices or directions given by any Agent during the existence of such Cash Dominion Trigger Event.

Cash Dominion Trigger Event means the occurrence of (a) a Termination Event or (b) Huntsman International (i) shall be assigned a long term credit rating or long term corporate family rating, as applicable, by any two of S&P, Xxxxx’x or Fitch of “B”, “B2” or “B” or below, respectively, or (ii) shall become unrated by any two of three such agencies.

Cash Dominion Trigger Event means, as of any date of determination, (a) the occurrence and continuance of a Default or Event of Default or (b) Unused Availability on such date being less than $40,000,000; and “Control Notice” shall mean a written notice delivered instructing the depository bank at which the Blocked Account is maintained to comply with instructions originated by Agent with respect to the deposit account that is covered thereby without further consent of Borrower or any Guarantor.”