Cash Dominion Trigger Period means the period commencing on the occurrence of a Cash Dominion Trigger Event, and continuing until the date that (a) no Event of Default shall be continuing and (b) Availability is greater than or equal to the greater of (i) $22,500,000 and (ii) 15% of the Line Cap for a period of at least 30 consecutive calendar days.
Cash Dominion Trigger Period means the period commencing with a Cash Dominion Trigger Event and ending with a Cash Dominion Release Event.
Cash Dominion Trigger Period means the period beginning upon the occurrence of a Cash Dominion Trigger Event and ending on (a) if such Cash Dominion Trigger Event arises as a result of an Event of Default, the date such Event of Default is waived in accordance with this Agreement, or (b) if such Cash Dominion Trigger Event arises as a result of an Availability Event, the date Availability has equaled or exceeded the greater of (i) twelve and one half percent (12.5%) of the Loan Cap or (ii) $35,000,000 for a period of thirty (30) consecutive calendar days; provided, however, that if any Cash Dominion Trigger Event shall have occurred and the resulting Cash Dominion Trigger Period ended for any reason hereunder on five (5) occasions, the Cash Dominion Trigger Period for any subsequent (sixth) Cash Dominion Trigger Event shall be unlimited in duration and such Cash Dominion Trigger Period shall continue for the remainder of the term of this Agreement.
Examples of Cash Dominion Trigger Period in a sentence
Upon the occurrence and during the continuance of a Cash Dominion Trigger Period, the Borrower shall prepay the principal amount of Revolving Credit Loans outstanding, if any, to the extent required by Section 6.16(b) hereof.
More Definitions of Cash Dominion Trigger Period
Cash Dominion Trigger Period means the period after a Cash Dominion Trigger Event and prior to a Cash Dominion Recovery Event.
Cash Dominion Trigger Period means any period (a) commencing on the day that an Event of Default occurs or Excess Availability is less than the Cash Dominion Excess Availability Threshold at any time and (b) continuing (i) in the case of any Cash Dominion Trigger Period arising due to the third instance in which Excess Availability is less than the Cash Dominion Excess Availability Threshold at any time, from and after that commencement date, and (ii) in all other cases, until no Event of Default has existed and Excess Availability has been greater than the Cash Dominion Excess Availability Threshold at all times for two consecutive months.
Cash Dominion Trigger Period has the meaning specified in the ABL Credit Agreement.
Cash Dominion Trigger Period contained in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:
Cash Dominion Trigger Period means (a) a period commencing on any date on which Availability shall have been less than the greater of (i) $10,000,000 and (ii) 12.5% of the lesser of the Borrowing Base and the Commitments and continuing until Availability shall have been in excess of the greater of (i) $10,000,000 and (ii) 12.5% of the lesser of the Borrowing Base and the Commitments for thirty (30) consecutive days or (b) a period commencing on any date on which a Specified Default shall have occurred and continuing until no such Specified Default shall have existed during the preceding thirty (30) consecutive days.
Cash Dominion Trigger Period means (a) a period commencing on any date on which Availability shall have been less than the Threshold Amount for more than five (5) consecutive Business Days and continuing until Availability shall have been in excess of the Threshold Amount for twenty (20) consecutive days or (b) a period commencing on any date on which a Specified Event of Default shall have occurred and continuing until no such Specified Event of Default shall have existed during the preceding twenty (20) consecutive days.
Cash Dominion Trigger Period in Section 1.1 of the Loan Agreement. The definition of “Cash Dominion Trigger Period” in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety to read as follows: