Collateral Trigger Event means the first date on which two (or more) of the Rating Agencies no longer maintain an Investment Grade Rating.
Collateral Trigger Event means the first date on which a Compliance Certificate is delivered pursuant to Section 7.02 that demonstrates that the Rent-Adjusted Total Net Leverage Ratio for the most recently ended Test Period is greater than 0.25 to 1.00 less than the Rent-Adjusted Total Net Leverage Ratio then in effect under Section 8.12(a).
Collateral Trigger Event is defined in Section 8.24(b) hereof.
Examples of Collateral Trigger Event in a sentence
On the Collateral Trigger Event Date the Borrower shall deliver written notice of the occurrence thereof to the Administrative Agent together.
More Definitions of Collateral Trigger Event
Collateral Trigger Event means the earliest to occur of (i) termination of the SPAC Transactions in accordance with their terms (after giving effect to any applicable extension mechanics pursuant thereto), (ii) the consummation of the SPAC Transactions and (iii) December 31, 2021 (or such later date (not to exceed 30 days) as reasonably agreed by the Administrative Agent).
Collateral Trigger Event set forth in the Credit Agreement, the Collateral Agent will release such Net Proceeds from time to time to pay the costs of such repair, restoration or replacement; provided that (i) such repair, restoration or replacement shall comply with the requirements set forth in such definition of "Collateral Trigger Event" and (ii) as a condition of any release of funds, the Collateral Agent may require delivery of evidence reasonably satisfactory to it of compliance with such requirements. The Collateral Agent shall invest any portion of the funds held by it from time to time pursuant to this paragraph as directed in writing from time to time by the Borrower. Any such investment shall be made only in Permitted Investments, shall be at the Borrower's risk and the earnings thereon shall be credited to the funds then held by the Collateral Agent hereunder for the Borrower's account. The Collateral Agent shall not be liable for any interest on uninvested funds. If any Event of Default occurs and is continuing, the Collateral Agent may, in its discretion, apply any funds then held by it hereunder as provided in Section 6.02.
Collateral Trigger Event has the meaning set forth in Section 5.10(b).
Collateral Trigger Event means the occurrence of a Xxxxx 0 Xxxxxxxxxx Xxxxxxx, a Xxxxx 0 Xxxxxxxxxx Xxxxxxx or a Xxxxx 0 Xxxxxxxxxx Xxxxxxx.
Collateral Trigger Event means the occurrence of any of the following events after a Collateral Release Event:
Collateral Trigger Event has the meaning specified in Section 5.01(j)(i).
Collateral Trigger Event means acceleration of the Option Financing Facility following the occurrence and continuation of an “event of default” (as such term may be defined in the Option Financing Facility).