Monthly Reporting Trigger Period definition

Monthly Reporting Trigger Period means any period (a) commencing on the day that Aggregate Credit Exposure shall have been greater than or equal to 20% of the lesser at such time of (i) the Aggregate Revolving Commitments and (ii) the Aggregate Borrowing Base for three (3) consecutive Business Days and (b) continuing until the date on which Aggregate Credit Exposure shall have been less than 20% of the lesser at such time of (i) the Aggregate Revolving Commitments and (ii) the Aggregate Borrowing Base for 365 consecutive days. For the avoidance of doubt, the parties acknowledge and agree that as of the Fourth Restatement Date, a Monthly Reporting Trigger is not in effect.
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Monthly Reporting Trigger Period means any period commencing at any date that a Monthly Reporting Trigger Event has occurred and ending on any date that the Loan Interest Reserve Adjustment falls below the greater of (a) $1,250,000 and (b) 7.5% of Interest Income. The termination of a Monthly Reporting Trigger Period as provided herein shall in no way limit, waive or delay the occurrence of a subsequent Monthly Reporting Trigger Event in the event that the conditions set forth in this definition again arise.
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Monthly Reporting Trigger Period means the period (a) commencing on the day that Total Revolving Credit Outstandings have been greater than $10,000,000 for a period of ten (10) consecutive days (i.e., commencing on such tenth (10th) day) and (b) continuing until the date that Total Revolving Credit Outstandings shall have equaled zero for each of the previous thirty (30) consecutive days.
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Related to Monthly Reporting Trigger Period

  • Monthly Reporting Date means the 25th day of each month after the date of this Agreement (or if any such day is not a Business Day, the next succeeding Business Day thereafter).

  • Covenant Trigger Period means the period (a) commencing on the day that (i) an Event of Default occurs or (ii) Availability is less than the greater of (x) 10% of Available Credit and (y) $20,000,000 and (b) continuing until, at all times thereafter for a period of 30 consecutive days during which, (i) no Event of Default exists and (ii) Availability shall have been not less than the greater of (x) 10% of Available Credit and (y) $20,000,000.

  • Weekly Reporting Period means any Level 2 Ratings Period.

  • Trigger Period means the period commencing 60 days prior to the first public announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as either of the Rating Agencies has publicly announced that it is considering a possible ratings change).

  • ii) Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Covenant Trigger Event shall occur at any time that Availability is less than the greater of (a) $12.5 million and (b) 10% of the Line Cap then in effect. Once commenced, a Covenant Trigger Event shall be deemed to be continuing until such time as Availability equals or exceeds the greater of (i) $12.5 million and (ii) 10% of the Line Cap then in effect for 30 consecutive days.

  • Flip-In Trigger Date shall have the meaning set forth in Section 11(a)(iii) hereof.

  • Increased Reporting Period means the period commencing after the continuance of an Increased Reporting Event and continuing until the date when no Increased Reporting Event has occurred for 30 consecutive days.

  • Reporting Date means the 7th day of each Month following the Month to which the relevant Management Information relates, or such other date as may be agreed between the Parties;

  • Reporting Period With respect to each Payment Date and for purposes of making calculations with respect to the hypothetical structure and Reference Tranches as set forth in this Agreement:

  • Quarterly reporting period means the three-month period covered by each

  • Carve-Out Trigger Notice means a written notice delivered by the Administrative Agent or the Required Lenders (which delivery may be made by any electronic method of transmission) to the Borrower and its counsel, the United States Trustee, and lead counsel to any Committee, which notice may be delivered following the occurrence and continuance of an Event of Default, and stating that the Post-Carve-Out Trigger Notice Cap has been invoked.

  • Monthly Reports shall have the meaning specified in Section 5.16(b) of the Indenture.

  • Monthly Report has the meaning assigned in Section 6.01.

  • Rating period means the calendar period for which premium rates established by a small employer carrier are assumed to be in effect.

  • CREFC® Investor Reporting Package® shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

  • Monthly Report Determination Date The meaning specified in Section 10.7(a).