Examples of Dominion Trigger Event in a sentence
After the occurrence and during the continuance of a Cash Dominion Trigger Event, the Administrative Agent may (and, at the request of the Required Lenders, shall) deliver each such DDA Notification and Credit Card Notification to the applicable depository institution and credit card processor.
Separately, the Debtors failed to deliver the April 2020 Borrowing Base Certificate, which wouldbecome an Event of Default and Cash Dominion Trigger Event (in each case, as defined in the ABL Credit Agreement) if not delivered by June 2, 2020.
Each DDA Notification and Credit Card Notification shall be held by the Administrative Agent until the occurrence of a Cash Dominion Trigger Event.
At any time a Cash Dominion Trigger Event (as defined below) exists, all proceeds of ABL Priority Collateral (as defined below) shall be applied to the obligations under the Revolving Credit Facility.
For the purpose of computing interest hereunder, all items of payment received by Administrative Agent shall be deemed applied by Administrative Agent on account of the Obligations (subject to final payment of such items) on the next Business Day (unless a Cash Dominion Trigger Event has occurred and is continuing, in which case, on the second (2nd) Business Day) after receipt by Administrative Agent of such items in Administrative Agent’s account located in Boston, Massachusetts.