Cash Sweep Event definition
Cash Sweep Event means the occurrence of: (a) an Event of Default; (b) any Bankruptcy Action of Borrower or Manager; or (c) a DSCR Trigger Event.
Cash Sweep Event means the occurrence of:
Cash Sweep Event means a BB Event or a DSCR Cash Sweep Event.
Examples of Cash Sweep Event in a sentence
Upon the occurrence of a Cash Sweep Event Cure or if no Cash Sweep Period is in effect at the time of deposit therein, all funds held on deposit in the Excess Cash Account shall promptly be remitted to Borrower.
More Definitions of Cash Sweep Event
Cash Sweep Event has the meaning set forth in Appendix 7.
Cash Sweep Event means an event that will occur (until cured) if, on any date of determination, (a) the Borrowing Base Ratio exceeds the Facility Advance Rate, but is less than or equal to the sum of (i) the Facility Advance Rate plus (ii) 2.50% or (b) the Effective Obligor Number is less than 8. For the purposes of this definition, amounts on deposit in the Cure Account will be deemed to be included in the Borrowing Base.
Cash Sweep Event means the occurrence of: (a) an Event of Default; (b) a Debt Yield Trigger Event; or (c) a Hobby Lobby Trigger Event.
Cash Sweep Event means that either (a) the Debt Yield is less than the Debt Yield Threshold, or (b) the Non-Minority Debt Yield is less than the Non-Minority Debt Yield Threshold.
Cash Sweep Event means the occurrence of: (a) an Event of Default; (b) any Bankruptcy Action of Borrower or Manager; (c) any event of default under the Management Agreement (as such term is defined therein); or (d) a DSCR Trigger Event.
Cash Sweep Event means the occurrence of: (a) an Event of Default; (b) a Mezzanine Loan Default; (c) any Bankruptcy Action of Borrower; or (d) a Debt Yield Trigger Event.
Cash Sweep Event means the occurrence of an Event of Default under the Credit Agreement.