Examples of Low DSCR Trigger Period in a sentence
Support the Chair, Secretary, consultant(s) and staff in reporting back to the GSA.
The Administrative Agent shall not unreasonably withhold its approval of any Annual Budget as required hereunder; provided, however, that if during any Low DSCR Trigger Period the actual monthly Operating Expenses exceed budgeted Operating Expenses in any month during any period by more than ten percent (10%), the Administrative Agent shall have the right to require the Borrower to submit for its approval a revised Annual Budget for review and approval by the Administrative Agent in its sole discretion.
Notwithstanding the foregoing, the Administrative Agent and the Lenders acknowledge that the Borrower is not required to operate under the terms of an Approved Annual Budget during any period other than a Low DSCR Trigger Period.
Upon the occurrence of a Low DSCR Trigger Event and on each day that the required monthly report is due under Section 8.01(e) and continuing for each month thereafter during any Low DSCR Trigger Period, the Borrower shall cause all Excess Cash from the Projects to be paid each month directly to the Administrative Agent for deposit into a Cash Trap Account established for the Borrower as additional collateral for its Obligations.
During any Low DSCR Trigger Period or upon the occurrence of a Monetary Lease Default, Borrower shall cause all funds remaining in the Borrower Cash Management Account (after giving effect to deposits required pursuant to Sections 3.3(a)(i) through (x) of the Borrower Cash Management Agreement) (“Excess Cash”) to be paid each month directly to Administrative Agent for deposit in the Sweep Account as additional collateral for the Loans.
Potential failure modes of the primary production stage Own elaboration.
At any time while a Low DSCR Trigger Period exists, if the Debt Service Coverage Ratio shall be at or above 1:30:1.00 for a period of at least two (2) consecutive calendar quarters, then there shall be no further deposits required into the Sweep Account unless and until another Low DSCR Trigger Period exists, and any funds (if any) theretofore deposited in the Sweep Account pursuant to this Section 15.3(3) and not theretofore applied pursuant to Section 15.3(4) shall be promptly released to Borrower.
During any Low DSCR Trigger Period, Borrower shall cause such amounts to be deposited in the Low DSCR Account as are required to be deposited therein pursuant to Section 2.7 hereof and pursuant to the Cash Management Agreement (said amounts being, collectively, the "Low DSCR Reserve Fund"), which amounts shall constitute additional collateral for the Loans.
During any Low DSCR Trigger Period, all Excess Cash Flow remaining in the Cash Management Account after the payment of the items described in clauses (i), (ii) and (iii) of Section 4.1(c) of the Cash Management Agreement shall be deposited in the Cash Collateral Account pursuant to clause (iv) of Section 4.1(c) of the Cash Management Agreement as additional collateral for the Loans and shall be disbursed as set forth in the Cash Management Agreement.
Thus, although co-regulation could be a way to implement moderate investor protection and national security measures, it may be less effective with regard to the competition and financial stability concerns we have outlined.