Triggering Event Termination definition

Triggering Event Termination means, provided that there shall be no Default, (x) with respect to a Triggering Event described in clause (i) or (iii) of the definition of such term, such time as the DSCR has been restored to a level above the Minimum DSCR for at least two calendar quarters following the occurrence of a Triggering Event; provided, that the requirement for two consecutive quarters of DSCR above the applicable Minimum DSCR pursuant to the immediately previous sentence shall not apply if (A) the amount of cash or Letter of Credit or Sweep Guaranty delivered to Administrative Agent as security for the Loan following the related DSCR Event in accordance with Section 9.13(b) hereof or (B) permitted partial prepayment of principal made by Borrower following the related DSCR Event, in each case, increases the DSCR to above the applicable Minimum DSCR for the two consecutive calendar quarters preceding the date of the delivery of such security or making of such prepayment (for such purposes determined as if the amount of the Loan had been reduced by the amount of such security or prepayment at the beginning of such two quarters period, in which event the Triggering Event Termination shall be deemed to have occurred immediately upon the delivery of such security or the making of such prepayment); and (y) with respect to a Triggering Event described in clause (ii) of the definition of such term, either (a) Borrower’s completion of the Existing UST Required Remediation or (b) such time as the Existing UST Required Remediation Reserve Amount is on deposit in the Existing UST Required Remediation Reserve Account, either from amounts deposited in accordance with Section 8.5(b) or from Borrower otherwise depositing such amounts directly.
Sample 1
Triggering Event Termination means, with respect to any Triggering Event Period, the earliest to occur of: (a) if such Triggering Event was triggered by an Event of Default, Borrower’s cure of such Event of Default and Lender’s acceptance of such cure (which cure Lender is not obligated to accept and may reject or accept in its sole and absolute discretion, unless required by Law), prior to Lender accelerating the Debt and exercising any of its remedies under the Loan Documents, (b) if such Triggering Event was triggered by a Debt Service Coverage Ratio calculation, the occurrence of the Debt Service Coverage Ratio being at least 1.30 to 1.00 for two (2) consecutive calendar quarters; provided, however, that any such Triggering Event Termination shall be subject to the condition that no Event of Default shall have occurred and be continuing.
Sample 1
Triggering Event Termination means, with respect to any Triggering Event Period, the earliest to occur of: (a) if such Triggering Event was triggered by an Event of Default, Borrower’s cure of such Event of Default and Lender’s acceptance of such cure, (b) if such Triggering Event was triggered by a Debt Service Coverage Ratio calculation, the occurrence of the Debt Service Coverage Ratio being at least 1.30 to 1.00 for one (1) calendar quarter; provided, however, that any such Triggering Event Termination shall be subject to the condition that no Event of Default shall have occurred and be continuing.
Sample 1

Examples of Triggering Event Termination in a sentence

  • These approval provisions will then apply until a Triggering Event Termination.

  • From and after the occurrence of a Triggering Event and until a Triggering Event Termination, such Annual Budget shall be subject to Administrative Agent’s written approval (each such Annual Budget, after it has been approved in writing by the Administrative Agent shall be hereinafter referred to as an “Approved Annual Budget”).

  • Event Triggering Termination of Option: Maximum Time to Exercise After Triggering Event***: Termination of Service for cause None Termination of Service due to Disability 1 year Termination of Service due to Retirement 3 years Termination of Service due to death 3 years All other Terminations of Service 3 months *** However, in no event may this option be exercised after the Expiration Date.

  • At the Borrower’s request, Administrative Agent agrees to promptly deliver notice to the Property Account Bank and Borrower that a Triggering Event Termination has occurred, upon Administrative Agent having received such information as would allow it to determine the same.

  • Event Triggering Maximum Time to Exercise Termination of Option: After Triggering Event***: Termination of Service for cause None Termination of Service due to Disability 1 year Termination of Service due to death Expiration Date Termination of Service due to Retirement**** Expiration Date All other Terminations of Service 3 months *** However, in no event may this option be exercised after the Expiration Date.

  • Upon an Extended Triggering Event Termination, Administrative Agent shall disburse all sums in the Escrow Fund to an account designated by Borrower in writing and any obligation to make any payment under this Section 9.15 shall terminate, subject to such obligations again arising if a subsequent Triggering Event shall have occurred and be continuing.

  • Event Triggering Maximum Time to Exercise Termination of Option: After Triggering Event***: Termination of Service for cause None Termination of Service due to Disability 1 year Termination of Service due to death 3 years All other Terminations of Service 3 months *** However, in no event may this option be exercised after the Expiration Date.

  • This threshold is set such that the model will accept windows of data which can be explained by a set of appliance parameters drawn from the given appliance type’s general model, and reject any windows of data gen- erated by other appliance types or combinations of appliances.

  • Option Termination: Event Triggering Option Termination Maximum Time to Exercise After Triggering Event* Termination as Service Provider (except as provided below) 3 months Termination as Service Provider due to Disability 12 months Termination as Service Provider due to death 12 months *The Option may only be exercised as to Shares that have vested as of the date of the Participant’s termination as a Service Provider and in no event may the Option be exercised after the Expiration Date.

  • The income from continuing operations calculated under the following item 1.


More Definitions of Triggering Event Termination

Triggering Event Termination means, provided that there shall be no Default, with respect to a Triggering Event, such time as the DSCR has been restored to a level above the Minimum DSCR and the DSCR(Mortgage) has been restored to a level above the Minimum DSCR (Mortgage), in each case for at least one calendar quarter following the occurrence of a Triggering Event; provided, that the requirement for a calendar quarter of DSCR above the applicable Minimum DSCR pursuant to this clause shall not apply if (A) the amount of cash or Letter of Credit or Sweep Guaranty delivered to Administrative Agent as security for the Loan following the related DSCR Event in accordance with Section 9.13(b) hereof or (B) permitted partial prepayment of principal made by Borrower following the related DSCR Event, in each case, increases the DSCR to above the applicable Minimum DSCR and the DSCR (Mortgage) to above the applicable Minimum DSCR (Mortgage) for the calendar quarter preceding the date of the delivery of such security or making of such prepayment (for such purposes determined as if the amount of the Loan had been reduced by the amount of such security or prepayment at the beginning of such quarter period, in which event the Triggering Event Termination shall be deemed to have occurred immediately upon the delivery of such security or the making of such prepayment).
Sample 1
Triggering Event Termination means respect to each Triggering Event, that a tenant acceptable to Lender shall have taken occupancy, be paying full base rent and be conducting normal business operations in the entire premises covered by the related Designated Lease pursuant to a Lease acceptable to Lender having a term of not less than five (5) years.
Sample 1
Triggering Event Termination means the Borrower maintaining Availability in excess of $5,000,000 for 5 consecutive Business Days following the occurrence of an Initial Triggering Event, but prior to the occurrence of a Covenant Enforcement Period in respect of such Initial Triggering Event.
Sample 1
Triggering Event Termination means, provided that there shall be no Default, with respect to a Triggering Event, such time as the DSCR has been restored to a level above the Minimum DSCR for at least one calendar quarter following the occurrence of a Triggering Event; provided, that the requirement for a calendar quarter of DSCR above the applicable Minimum DSCR pursuant to this clause shall not apply if (A) the amount of cash or Letter of Credit or Sweep Guaranty delivered to Administrative Agent as security for the Loan following the related DSCR Event in accordance with Section 9.13(b) hereof or (B) permitted partial prepayment of principal made by Borrower following the related DSCR Event, in each case, increases the DSCR to above the applicable Minimum DSCR for the calendar quarter preceding the date of the delivery of such security or making of such prepayment (for such purposes determined as if the amount of the Loan had been reduced by the amount of such security or prepayment at the beginning of such quarter period, in which event the Triggering Event Termination shall be deemed to have occurred immediately upon the delivery of such security or the making of such prepayment).
Sample 1
Triggering Event Termination means the earlier to occur of (i) if the most recent Triggering Event was a Default Trigger (and provided that no other Triggering Event has occurred), Borrower's cure of such Event of Default and Lender's acceptance of such cure, within Lender's sole discretion, prior to Lender accelerating the Debt and exercising its remedies under the Loan Documents and (ii) if the most recent Triggering Event was a DSCR Trigger (and provided that no other Triggering Event has occurred), the Debt Service Coverage Ratio for the Property, as calculated by Lender in its reasonable discretion, for the two (2) consecutive calendar quarters immediately preceding such calculation equals or exceeds 1.10:1.00.
Sample 1
Triggering Event Termination shall occur at such time as the Debt Service Coverage Ratio for the Property has been restored to a level above 1.35:1.00 for at least two (2) consecutive calendar quarters.
Sample 1

Related to Triggering Event Termination

  • Event Termination Date See Section 2(e) hereof.

  • Company Termination Event means any of the following:

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Triggering Event means any Section 11(a)(ii) Event or any Section 13 Event.

  • Change of Control Triggering Event means the occurrence of both a Change of Control and a Rating Event.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.

  • Agreement Termination Date is defined in Section 7.4.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Company Triggering Event shall be deemed to have occurred if: (a) the Company shall have made a Company Board Adverse Recommendation Change; (b) the Company Board or any committee thereof shall have publicly approved, endorsed or recommended any Acquisition Proposal; or (c) the Company shall have entered into any letter of intent or similar document relating to any Acquisition Proposal in violation of the terms of the Agreement.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Triggering Events means each of the following events:

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

  • Event of Termination has the meaning specified in Section 7.01.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • Forbearance Termination Event has the meaning set forth in Section 3(a) hereto.

  • Subsequent Triggering Event means either of the following events or transactions occurring after the date hereof:

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Terminating Event means any of the following events:

  • Incipient Event of Termination means an event that but for notice or lapse of time or both would constitute an Event of Termination.

  • Change of Control Termination means (i) a Termination Without Cause of the Employee’s employment by the Employer (other than for death or disability) within twelve (12) months after a Change of Control or (ii) the Employee’s resignation for Good Reason within twelve (12) months after a Change of Control.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Swap Termination Event means the occurrence of a “Termination Event” under the Swap Agreement, as defined in the Swap Agreement.]

  • Consultation Termination Event shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.