Cash Dominion Triggering Event definition

Cash Dominion Triggering Event means (a) an Event of Default has occurred and is continuing, (b) one or more of Borrowers have failed to comply in any material respect with cash management provisions relating to cash dominion, or (c) Availability is less than the greater of (x) 12.5% of the Available Credit and (y) $60,000,000 for 3 consecutive Business Days.

Cash Dominion Triggering Event means (a) an Event of Default has occurred and is continuing, (b) one or more of Borrowers have failed to comply in any material respect with cash management provisions relating to cash dominion, or (c) Availability is less than the greater of (x) 12.510.0% of the Available Credit and (y) $60,000,000 for 375,000,000 for 5 consecutive Business Days.

Cash Dominion Triggering Event means any of the following: (a) a Cash Dominion Liquidity Triggering Event has occurred or (b) an Event of Default has occurred and is continuing.

Examples of Cash Dominion Triggering Event in a sentence

• Prior to the occurrence of a Cash Dominion Triggering Event, the Loan Parties shall retain the right to direct the disposition of funds in the Blocked Accounts and Agent shall not deliver an Activation Notice.

• Prior to the occurrence of a Cash Dominion Triggering Event, payments made by a Loan Party’s Customers remitted directly to Revolving Agent or Agent will be deposited by Revolving Agent or Agent, as the case may be, in the Blocked Accounts, and Customer remittances shall only be treated as a repayment of Advances or, subject to the terms of the Intercreditor Agreement, Loans, if the Borrowers so elect in a written notice to Revolving Agent or Agent, as applicable.

• In the event that Agent issues an Activation Notice, Agent agrees to rescind such Activation Notice at such time that no Cash Dominion Period shall exist (it being understood that, notwithstanding any such rescission, Agent shall have the right and is authorized to issue an additional Activation Notice if a subsequent Cash Dominion Triggering Event shall have occurred or a Cash Dominion Period shall exist at any time thereafter).

More Definitions of Cash Dominion Triggering Event

Cash Dominion Triggering Event shall occur at any time that (a) Availability is less than $3,000,000 for five (5) consecutive Business Days or (b) an Event of Default shall have occurred and be continuing. Once occurred, a Cash Dominion Triggering Event described in clause (a) shall be deemed to be continuing until such time as the Availability is at least equal to $3,000,000 for fifteen (15) consecutive Business Days, and a Cash Dominion Triggering Event described in clause (b) shall be deemed to be continuing until no Event of Default shall be continuing.

Cash Dominion Triggering Event means (a) the occurrence of an Event of Default that is continuing, or (b) that Undrawn Availability is less than or equal to (i) $10,000,000 for 5 consecutive Business Days, or (ii) $7,500,000 on any Business Day.

Cash Dominion Triggering Event has the meaning given in Section 2.4(b).

Cash Dominion Triggering Event means any of the following events:

Cash Dominion Triggering Event means the Borrowers' Undrawn Availability is less than One Hundred Seventy-Five Million and 00/100 Dollars ($175,000,000.00) at which time the Borrowers shall comply with the terms of Section 4.15(d) and (h).

Cash Dominion Triggering Event means the occurrence of any of the following (i) an Event of Default, or (ii) Availability is less than $20,000,000.

Cash Dominion Triggering Event means (a) any date a Dominion Triggering Event (as defined in the ARS Facility Agreement) is continuing, (b) any date an Event of Default exists, (c) any date on which US ABL Excess Availability is, and for a period of three consecutive Business Days (inclusive of such date) has been, less than the greater of 5.25% of the Aggregate Maximum Amount and $15,750,000, (d) any date on which US Aggregate Excess Availability is, and for a period of three consecutive Business Days (inclusive of such date) has been, less than the greater of 7.5% of the Aggregate Maximum Amount and $22,500,000, or (e) any date on which Aggregate Excess Availability is, and for a period of three consecutive Business Days (inclusive of such date) has been, less than the greater of 10% of the Aggregate Maximum Amount and $30,000,000.