Trigger Event Period definition

Trigger Event Period means the period commencing on the occurrence of a Trigger Event, and ending on March 31, 2001, unless extended by the Board of Directors of the Company.

Trigger Event Period means that a Trigger Event shall have occurred and be continuing, provided that, except in the case of any such Trigger Event that shall have resulted from a Bankruptcy Event in respect of either of the Mobile Energy Parties, the written request of the Required Senior Creditors specified in Section 5.1(a) of the Intercreditor Agreement shall have been delivered to the Collateral Agent and not been rescinded.

Trigger Event Period. Each period beginning on the Determination Date following the day on which a Trigger Event occurs and ending on the last day of the month in which no Trigger Event occurs or is continuing.

Examples of Trigger Event Period in a sentence

• On each Business Day after the commencement and during the continuation of a Trigger Event Period, the available balance in the Dominion Accounts on such Business Day shall be transferred, by the Agent, to a Borrower Account at Bank of America, and shall be applied to the Obligations on the next Business Day.

• On each Business Day occurring prior to the commencement of a Trigger Event Period, the available balance in the main Dominion Account on each Business Day (to the extent practicable and consistent with past practices) shall be transferred, by the Borrowers, to the Borrower Account on the next Business Day (to the extent practicable and consistent with past practices).

• Each Obligor waives the right at all times after the commencement and during the continuation of a Trigger Event Period to direct the application of any payments or Collateral proceeds, and agrees that Agent shall have the continuing, exclusive right to apply and reapply same against the Obligations, in such manner as Agent deems advisable, notwithstanding any entry by Agent in its records.

• Each Obligor irrevocably appoints, at all times after the commencement and during the continuation of a Trigger Event Period, Agent as such Obligor’s attorney in fact to collect such balances to the extent any such delivery is not so made.

• At all times after the commencement and during the continuation of a Trigger Event Period, the Agent shall direct each bank or other depository to deliver to a Borrower Account at Bank of America on each Business Day, for application to the Obligations then outstanding, all available balances in each Deposit Account maintained by any Obligor with such depository (except for those Deposit Accounts referred to in clauses (i) through (iv) of Section 8.5).

More Definitions of Trigger Event Period

Trigger Event Period means any period (a) commencing upon the date that the sum of (w) cash received by the Administrative Agent during the continuance of any Cash Dominion Event that (i) has not been transferred to the Borrowers or applied to pay any Obligations or cash collateralize any Letter of Credit as of the date of determination thereof and (ii) is in excess of the outstanding Revolving Advances on such date, (x) Unrestricted Cash, (y) Availability and (z) the Additional Advisor Expenditures is less than the Trigger Event Amount and (b) ending on the date that the sum of (w) cash received by the Administrative Agent during the continuance of any Cash Dominion Event that (i) has not been transferred to the Borrowers or applied to pay any Obligations or cash collateralize any Letter of Credit as of the date of determination thereof and (ii) is in excess of the outstanding Revolving Advances on such date, (x) Unrestricted Cash, (y) Availability and (z) the Additional Advisor Expenditures for a period of ninety (90) consecutive calendar days equals or exceeds the Trigger Event Amount. For purposes of this Agreement, “Trigger Event Amount” shall mean (a) $13,000,000 during the period (i) commencing on January 31, 2014 and (ii) ending on April 7, 2014, and (b) $35,000,000 at all other times and “Additional Advisor Expenditures” shall mean the actual cash payments made by the Credit Parties to the Additional Advisor (as defined in the Second Amendment to Second Amended and Restated Revolving Credit Agreement, dated as of February 6, 2014, by and among the Credit Parties, the Lenders, the Administrative Agent and the other parties thereto) through such date of determination.”

Trigger Event Period means any period (a) commencing upon the date that the sum of (x) Unrestricted Cash and (y) Availability is less than $35,000,000 and (b) ending on the date that the sum of (x) Unrestricted Cash and (y) Availability for a period of ninety (90) consecutive calendar days equals or exceeds $35,000,000.

Trigger Event Period shall be deemed to mean the period commencing upon the occurrence of any Event of Default and continuing for so long as such Event of Default continues.

Trigger Event Period. Each period commencing at the beginning of a Due Period in which any Trigger Event occurs or exists and ending immediately prior to the beginning of the first subsequent Due Period that follows a period of six consecutive Due Periods during which no Trigger Event occurs or exists.

Trigger Event Period means, at any time following the delivery of the first field audit or examination after the Closing Date, (a) any period commencing on the date on which the Total Revolver Exposure is greater than 85% of the Aggregate Borrowing Base and ending on the date on which the Total Revolver Exposure shall have been less than 85% of the Aggregate Borrowing Base for 30 consecutive calendar days or (b) any period during which an Event of Default shall have occurred and be continuing.

Trigger Event Period means any period during which there is an Event of Default that has occurred and is continuing and the P1 Collateral Agent is exercising remedies at the direction of the P1 Intercreditor Agent pursuant to Section 7.4 (Exercise of Remedies) of the Collateral and Intercreditor Agreement.

Trigger Event Period means any period (A) commencing upon the occurrence of any Event of Default beyond all applicable notice and cure periods, and (B) terminating upon the cure of any and all Events of Default.