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, all Excess Cash Flow Reserve Funds shall be deposited into the Cash Management Account to be disbursed in accordance with the Cash Management Agreement.

• On any Test Date a DSCR Cash Sweep Event shall occur if the DSCR Ratio is less than 1.25:1.

• Upon the occurrence of a Cash Sweep Event Cure, all Excess Cash Flow Reserve Funds shall be deposited into the Lockbox Account to be disbursed in accordance with Section 2.7.1 hereof.

• Upon the occurrence of a Cash Sweep Event, Lender and Servicer shall have the sole right to make withdrawals from the Cash Management Account and all costs and expenses for establishing and maintaining the Cash Management Account shall be paid by Borrower.

• Following a Cash Sweep Event Cure, such sweep to the Cash Management Account shall be terminated and funds in the Lockbox Account again shall be transferred to an account maintained by Borrower and under Borrower’s dominion and control pursuant to Borrower’s written instruction.

More Definitions of Cash Sweep Event

Cash Sweep Event has the meaning set forth in Appendix 7.

Cash Sweep Event means the occurrence of: (a) an Event of Default; (b) a Debt Yield Trigger Event; or (c) a Belpre V Trigger Event.

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) 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 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 an Event of Default or a Financial Covenant Breach, or both.

Cash Sweep Event means the occurrence of: (a) an Event of Default; (b) a Mezzanine Loan Default, (c) any Bankruptcy Action of Borrower, CPLV Tenant Guarantor or CPLV Tenant; (d) a rejection of the Management Agreement by Manager following any Bankruptcy Action of Manger or (e) a DSCR Trigger Event.