Lockbox Period definition

Lockbox Period has the meaning set forth in Section 7 of the Cash -------------- Management Procedures.

Lockbox Period means either a Lockbox Period(SPE) or a Lockbox Period(Up), as applicable; provided that if a Lockbox Period(SPE) and a Lockbox Period(Up) shall coexist, the Lockbox Period shall continue until a Lockbox Trigger Event Cure has occurred for both Lockbox Trigger Events.

Lockbox Period shall have the meaning given such term in Section 3.5(a).

Examples of Lockbox Period in a sentence

• If a Lockbox Period is in effect, Administrative Agent (in consultation with Managers, as applicable) may select the Eligible Institution that shall act as the replacement.

• In such event, such Lockbox Period shall terminate and any funds contained in the Lockbox Account not otherwise applied or disbursed by Administrative Agent in accordance with this Agreement or the other Loan Documents, shall be distributed to Borrowers, so long as no Event of Default would result therefrom.

• For the avoidance of doubt, any PJM 2018/2019 Capacity Revenue or other PJM net capacity revenue for prior delivery years related to the XX XX Unit I Project and XX XX Unit II Project that is received during the Lockbox Period shall be paid to the applicable Company Entity and be subject to the restrictions on Leakage set forth in Section 5.04.

• Each Seller agrees to promptly notify Purchaser in writing of the taking of any of the actions or the occurrence of any of the events set forth in clauses (a)-(g) of this Section 6.01 during the Lockbox Period (each of the foregoing items, a “Leakage Event”), including the Leakage Impact resulting from any such Leakage Event, immediately upon becoming aware of any such Leakage Event and to include the Leakage Impact resulting from such Leakage Event in the calculation of Closing Equity Value.

• At any time after the termination of the Guarantee pursuant to Section 10 thereof, a Lockbox Period shall commence pursuant to this subsection (a) only if there is an Event of Default under Section 12.1(a)(i), 12.1(c) (by reason of a breach of Section 7.1 or 21.6.3), 12.1(f), 12.1(g), 12.1(h), 12.1(i), or 12.1(k) of this Lease.

More Definitions of Lockbox Period

Lockbox Period means the period commencing upon the occurrence of a Lockbox Trigger Event and ending upon the occurrence of a Lockbox Trigger Event Cure.

Lockbox Period means the period from January 1, 2018 through the Closing Date.

Lockbox Period means the period beginning no later than two weeks after a Lockbox Notice Date and continuing thereafter until the first day of the first full Accounting Period after (i) the Consolidated Coverage Ratio of CCC is at least 2.3 to 1.0 for each of three consecutive Accounting Periods, (ii) the Tangible Net Worth of CCC is at least equal to two hundred percent (200%) of the aggregate of the CCC Limits of Liability under the Guarantee and all Other Guarantees from time to time as of the end of each of three consecutive Accounting Periods, and (iii) no Payment Default under (A) any Lease or (B) any Other Lease with respect to which the CCC Limit of Liability under the applicable Other Guarantee is greater than zero and no "Event of Default" (as defined in the applicable Lease) under Section 12.1(c) of any Lease by reason of a breach of Section 7.1 or 21.6.3 of such Lease has been in effect as of three consecutive Distribution Dates; provided that a Lockbox Period shall not terminate by reason of an event described in clause (i), (ii), or (iii) if the CCC Limit of Liability under the Guarantee shall have been reduced to zero.

Lockbox Period means the time period between 12:01 a.m. Central Time on May 1, 2018 and the Closing.

Lockbox Period means the time period between 12:01 a.m. Central Time on May 1, 2018 and the Closing. “Losses” has the meaning set forth in Section 8.02.

Lockbox Period means the period from (but excluding) the Lockbox Date through (and including) the Closing Date. “Material Adverse Effect” means a material adverse effect upon the financial condition, business, or results of operations of the Companies or their Subsidiaries, taken as a whole (after taking into account any coverage in respect thereof under existing insurance policies); provided, however, that none of the following (or the results thereof) shall be taken into account, either alone or in combination, in determining whether a Material Adverse Effect has occurred: (a) changes to general economic, banking, currency or capital market conditions, (b) any political conditions, including political instability or other calamity, crisis or emergency, acts of war, declared or undeclared, outbreaks or escalations of hostilities, or acts or threats of terrorism, ( c) changes in IFRS or similar accounting standards, (d) changes in any Laws including the interpretation or enforcement thereof, (e) any change, effect, fact, event, development, occurrence and/or condition that is generally applicable to the industries or markets in which the Companies operate, (f) the execution or performance of this Agreement, the consummation of the Transactions or the announcement of the Transactions (including by reason of the identity of Buyer) or any communication by Buyer or any of its Affiliates regarding their respective plans or intentions with respect to the business of the Companies, and including the impact thereof on relationships with customers, vendors, partners or employees, (g) any failure by the Companies to meet any internal or published projections, forecasts or revenue or earnings predictions for any period ending on or after the date of this Agreement (provided, however, that the underlying causes of such failure (subject to the other provisions of this definition) shall not be excluded by this clause (g)), (h) any action or omission pursuant to this Agreement or at the request of or with the prior written consent of Buyer or not taken because Buyer did not grant a consent hereunder, (i) hurricanes, earthquakes, storms, floods or other natural disasters, epidemics, pandemics, other outbreak s of illness (including COVID-19 and any COVID-19 Measures and all other actions taken in connection with, related to, or in respect of COVID-19 and/or resulting therefrom) or acts of God or (j) any matter involving the Companies which has been disclosed in the Disclosure Schedules;...

Lockbox Period. The period commencing on the occurrence of a Lockbox Trigger Event and continuing until the date upon which the following have occurred: (a) if the Lockbox Trigger Event was a Default Trigger Event, then every Event of Default has been waived in writing by Lender (which waiver shall be in Lender’s sole discretion) or cured by Borrower (it being understood that (i) a certificate as to the existence of an Event of Default executed by or on behalf of Lender shall be conclusive evidence for purposes of third parties (including Property Manager and Tenants) that an Event of Default exists and has not been waived by Lender or cured by Borrower, and (ii) the cure of an Event of Default must have been actually completed in all respects, as opposed to Borrower diligently pursuing the cure of such Event of Default); or (b) if the Lockbox Trigger Event was a DSCR Trigger Event, the Debt Service Coverage Ratio is equal to or greater than 1.25 as determined upon any succeeding Calculation Date following the occurrence of the DSCR Trigger Event.