Full Cash Dominion Period definition

Full Cash Dominion Period means, individually and collectively, any Total Full Cash Dominion Period or any European Full Cash Dominion Period.

Full Cash Dominion Period means (a) each period when a Specified Event of Default shall have occurred and be continuing and (b) each period beginning on the third consecutive day on which Availability is less than the greater of (i) 12.5% of the Line Cap and (ii) $50,000,000; provided that any such Full Cash Dominion Period commencing pursuant to clause (b) shall end when and if Availability shall have been not less than (A) such specified level and (B) $50,000,000 for 30 consecutive days each.

Full Cash Dominion Period means, individually and collectively, any Total Full Cash Dominion Period or any European Full Cash Dominion

Examples of Full Cash Dominion Period in a sentence

• During any Full Cash Dominion Period, solely for purposes of determining the amount of Loans available for borrowing purposes, checks (in addition to immediately available funds applied pursuant to Section 2.10(b)) from collections of items of payment and proceeds of any Collateral shall be applied in whole or in part against the applicable Obligations as of 10:00 a.m., Local Time, on the Business Day of receipt, subject to actual collection.

• During any Full Cash Dominion Period, solely for purposes of determining the amount of Loans available for borrowing purposes, checks (in addition to immediately available funds applied pursuant to Section 2.11(c)) from collections of items of payment and proceeds of any Collateral shall be applied in whole or in part against the applicable Obligations as of 10:00 A.M., New York City time, on the Business Day of receipt, subject to actual collection.

• At no time shall any Borrower remove any item from the Lock Box or, during a Full Cash Dominion Period, from a Collateral Deposit Account, without the Administrative Agent’s prior written consent.

• During any Full Cash Dominion Period, solely for purposes of determining the amount of Loans available for borrowing purposes, checks (in addition to immediately available funds applied pursuant to Section 2.11(d)) from collections of items of payment and proceeds of any Collateral shall be applied in whole or in part against the applicable Obligations as of 10:00 A.M., New York City time, on the Business Day of receipt, subject to actual collection.

• During any Full Cash Dominion Period, solely for purposes of determining the amount of Loans available for borrowing purposes, checks (in addition to immediately available funds applied pursuant to Section 2.10(b)) from collections of items of payment and proceeds of any Collateral that are deposited in a Collection Account shall be applied in whole or in part against the applicable Obligations as of 10:00 a.m., New York City time, on the Business Day of receipt, subject to actual collection.

More Definitions of Full Cash Dominion Period

Full Cash Dominion Period means any period (a)(i) commencing upon the occurrence of an Event of Default and (ii) ending on the first date when (x) all Events of Default have been waived or remedied in accordance with the terms of the Loan Documents and (y) any Full Cash Dominion Period occurring under clause (b) or (c) of this definition shall have ended, (b)(i) commencing on the first date on which the Excess Availability Percentage for three (3) consecutive Business Days is less than 12.5% and (ii) ending on the first date on which (x) the Excess Availability Percentage is greater than or equal to 12.5% for a period of thirty (30) consecutive days and (y) any Full Cash Dominion Period occurring under clause (a) or (c) of this definition shall have ended, or (c)(i) commencing on the first date on which Excess Availability is less than $300,000,000 for three (3) consecutive Business Days and (ii) ending on the first date on which (x) Excess Availability is greater than or equal to $300,000,000 for a period of thirty (30) consecutive days and (y) any Full Cash Dominion Period occurring under clause (a) or (b) of this definition shall have ended (such date described in clause (a)(ii), (b)(ii) or (c)(ii), as applicable, being hereinafter referred to as a “Full Cash Dominion Termination Date”); provided, however, that in no event shall a Full Cash Dominion Termination Date be deemed to have occurred more than three (3) times during any period of twelve (12) consecutive months.

Full Cash Dominion Period means the period commencing on the date on which a Full Cash Dominion Event occurs and ending on the date a Full Cash Dominion Satisfaction Event occurs.

Full Cash Dominion Period. (a) each period when a Specified Event of Default shall have occurred and be continuing, (b) at any time after the Closing Date, each period beginning on the first day on which Availability is less than the greater of (i) 7.5% of the Line Cap and (ii) $10,500,000 and (c) at any time after the Closing Date, each period beginning on the fifth consecutive Business Day on which Availability is less than the greater of (i) 10% of the Line Cap and (ii) $14,000,000; provided that any such Full Cash Dominion Period commencing pursuant to clause (b) or (c) shall end when and if Availability shall have been not less than such specified level for 30 consecutive days.

Full Cash Dominion Period means any Level 1 Minimum Aggregate Availability Period (provided that a Full Cash Dominion Period may be discontinued no more than twice in any period of twelve consecutive months).

Full Cash Dominion Period. (a) each period when a Specified Event of Default shall have occurred and be continuing and (b) at any time after the first anniversary of the Closing Date, each period beginning on the fifth consecutive Business Day on which Availability is less than the greater of (i) 12.5% of the Total Commitments and (ii) $18,750,000; provided that any such Full Cash Dominion Period commencing pursuant to this clause (b) shall end when and if Availability shall have been not less than such specified level for 30 consecutive days.

Full Cash Dominion Period means any period (a) commencing on the first date that Aggregate Availability is less than the greater of (i) 12.5% of the lesser of the Aggregate Borrowing Base or the Commitments then in effect and (ii) $40 million and (b) ending after Aggregate Availability is greater than the amount specified in clause (a) for 30 consecutive days (provided that a Full Cash Dominion Period may be discontinued no more than twice in any period of twelve consecutive months).

Full Cash Dominion Period means (a) any period commencing with the occurrence and during the continuance of an Event of Default until such Event of Default has been cured or waived and (b) any period (i) commencing on the date that Aggregate Availability shall have been less than $25,000,000 for three consecutive days and (ii) ending on the date thereafter on which Aggregate Availability shall have exceeded $30,000,000 for ninety (90) consecutive days; provided, that solely for purposes of clause (b) above, (x) no Full Cash Dominion Period shall be deemed to be in effect during the Temporary Overadvance Period and (y) during (A) the period from January 1, 2010 through March 31, 2010 and (B) the period from January 1, 2011 through March 31 2011, a Full Cash Dominion Period shall not commence unless Aggregate Availability shall have been less than $17,500,000 for three consecutive days.