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
With respect to the Xxxxxxxx Property, Borrower hereby covenants to, upon the occurrence of a Cash Sweep Event, deliver to each Tenant at the Xxxxxxxx Property a written notice directing each such Tenant to deposit all Rents payable pursuant to the applicable Lease directly into the Cash Management Account.
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 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 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 Mezzanine Loan Default; (c) any Bankruptcy Action of Borrower; or (d) a Debt Yield Trigger Event.