Examples of Cash Sweep Date in a sentence
On each Consolidated Cash Sweep Date, a weekly report in form reasonably satisfactory to the Administrative Agent detailing the Consolidated Cash Balance as of the last Business Day of the immediately preceding calendar week certified by a Responsible Officer of Holdings and the Borrower.
On each Consolidated Cash Sweep Date, a weekly report in form reasonably satisfactory to the Administrative Agent detailing the Consolidated Cash Balance as of the last Business Day of the immediately preceding calendar week certified by a Responsible Officer of Holdings and the Borrower; provided that, such weekly report shall only be required for any calendar week if Availability (determined as a percentage) at any time during such week was less than 50%.
WGL will make quarterly payments of the Gold Royalty to the Royalty Holder in arrears on each Cash Sweep Date and provide written details of the amount of any such payments to the Royalty Holder at the same time such payment is made.
SECOND: The foregoing amendment was adopted at a meeting of the Directors on April 28, 2000 and a majority of the Shareholders of the Corporation at a meeting held on June 5, 2000, which shares consenting and voted at such meeting represented a majority of the total issued and outstanding capital stock of the Corporation entitled to vote.
Any funds and cash proceeds not so credited to the Borrowers' operating account may, at the election of the Borrowers, or shall, in the case of mandatory prepayments pursuant to ss.3.2 and otherwise at the request of the Co-Agent, be applied as contemplated by ss.ss.2.10.1(b) and 2.10.2 as if the Cash Sweep Date had occurred.
In addition to the Amortisation Amount which is due on each Interest Payment Date falling on and after the Cash Sweep Date, the Issuer shall, on the Issuer Lock-up Payment Date immediately following the relevant Interest Payment Date, apply an amount equal to the Issuer Cash Sweep Amount towards redemption of the then remaining Principal Amount Outstanding of the Bonds.
Each Secured Party agrees that, notwithstanding the terms of any Share Security Agreement, on each Cash Sweep Date upon which a Permitted Distribution may be made, such Secured Party shall, upon request of the Borrower, instruct the Security Trustee to release sufficient dividends from such Share Security Agreement to make payment of such dividends.
Two (2) days prior to a Cash Sweep Date, the Servicers shall each provide to the Cash Manager a Servicer Report (in a prescribed form) specifying with respect to each Mortgage Loan, the amount remitted, the nature of the monies collected (e.g. principal/interest, prepayment, insurance payment, etc), details of any defaults or delinquencies, and the outstanding balance due in respect of each Series 2 Mortgage Loan.