Cash Flow Sweeping Event definition
Cash Flow Sweeping Event means any Quarterly Payment Date on which the DSCR is less than 1.75x.
Cash Flow Sweeping Event means any Quarterly Payment Date on which the P&I DSCR is less than or equal to 1.65x.the applicable Level I P&I DSCR Trigger; provided, that if the P&I DSCR is less than or equal to the applicable Level I P&I DSCR Trigger on or prior to the Quarterly Payment Date in January 2026 as a result of a shortfall in Net Cash Flow in an amount less than or equal to the Amendment Expenses, then a Cash Flow Sweeping Event will be deemed not to have occurred.
Cash Flow Sweeping Event means, as of any Quarterly Payment Date (or any earlier reporting date DSCR is required to be calculated pursuant to the Transaction Documents, as set forth in the Weekly Manager’s Certificate for the Weekly Collection Period when such reporting occurs) on which the DSCR is less than 1.75x.
More Definitions of Cash Flow Sweeping Event
Cash Flow Sweeping Event means the occurrence of any Quarterly Payment Date during which (i) a Rapid Amortization Period is not continuing and (ii) the DSCR, as calculated on the immediately preceding Quarterly Calculation Date, is less than 2.00:1.00.